Glass Fiber Reinforced Concrete Market Share

ID: MRFR/CO/4759-HCR

125 Pages

Tejas Chaudhary

October 2025

Glass Fiber Reinforced Concrete Market Research Report by Process (Spray, Premix, and Hybrid), By Application (Commercial, Residential, Civil Construction & Others) and by Region (the Americas, Asia Pacific, Europe, Middle East and Africa) — Global Forecast till 2035

Glass Fiber Reinforced Concrete Market Infographic

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Market Share

Glass Fiber Reinforced Concrete Market Share Analysis

In the competitive Glass Fiber Reinforced Concrete (GFRC) market landscape, companies adopt different positioning strategies for their market shares to gain a competitive advantage. Differentiation is one of the most common approaches whereby firms concentrate on delivering unique and innovative GFRC products that are superior in quality, design or performance features. Ultimately, investing in research and development aims at giving a distinct entity of the company within its niche markets. This not only enables them to command premium prices but also ensures high brand loyalty because customers recognize and appreciate particular aspects of GFRC products which other products in the same category lack.

Indeed, one of the key strategies used to position market shares in the GFRC industry is cost leadership whereby some companies optimize their manufacturing processes thereby reducing operation costs and making G.F.R.C products affordable at competitive prices and this target a wider market segment which stresses on cost effectiveness. This particular approach usually involves investing in economies of scale, improved technologies and efficient supply chain management that can lead to reduced costs for the manufacturer. In doing so, they are able to attract a larger number of customers including those who are price sensitive as well as bulk purchasers.

In the GFRC market, market share positioning depends on how well companies have carried out segmentation of various markets. Companies look into markets and identify segments that may be based on geography, application or end use industries. By targeting each sector with a distinct product based on unique needs and preferences companies’ increase their penetration abilities into numerous markets. For instance, focusing on architectural applications in one region and infrastructure projects in another allows companies to optimize their offerings and marketing strategies, addressing the varied demands of different customer segments.

Furthermore, strategic partnerships enable firms to expand their reach within a given market since they take advantage of synergies between two or more organizations operating within an industry’s value chain such as suppliers or distributors. Partnerships could also result in complementary products being developed or integration of new technologies therefore leading to complete solutions offered by firms. With respect to this aspect, it becomes possible for entities to withstand any business upheaval occasioned by either internal or external factors because they together merge their respective competences.

As such, there has been growing emphasis on sustainability issues when setting up market shares for the GFRC sector due to increasing concern over environmental matters with customers going green considering environmentally friendly materials. This implies that players must consider environmental factors when marketing their products to the environmentally conscious customers. In fact, entities that include use of materials that are sustainable and manufacturing operations that are ecofriendly with waste minimization techniques have a competitive edge in the market; this is influenced by the growing preference for environment friendly goods among people.

Market Highlights

Author

Tejas Chaudhary

Research Analyst Level II

I have a degree in Engineering (Civil), with masters in Business Administration (Marketing). With more than 4 years of experience in market research and consulting, I am involved in end-to-end process of market research, proposals, project kickoffs and delivery. I have research knowledge and expertise in consumer goods/packaging domain. Also I have worked for various other domains like construction & equipment. Effectively managed and delivered more than 60 report studies for regional as well as global clientele.

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FAQs

At what CAGR is the global glass fiber reinforced concrete market projected to grow in the forecast period (2024-2035)?

Glass Fiber Reinforced Concrete Market is expected to grow with a CAGR of 9.92% in the period 2025-2035

What is the glass fiber reinforced concrete market growth by 2035?

The valuation of the global glass fiber reinforced concrete market is estimated to increase to USD 8.46 billion by the end of 2035.

Who are the top players in the global glass fiber reinforced concrete market?

Fibrex Construction Group (UAE), Loveld (Belgium), Willis Construction Co., Inc. (U.S.), Formglas Products Ltd. (Canada), Low & Bonar (U.K), Ultratech Cement Ltd. (India), Clark Pacific (U.S.), Nanjing Beilida New Material Stromberg Architectural (U.S.), System Engineering Co., Ltd. (China), Betofiber A.S. (Turkey), and BB Fiberbeton (Denmark), are some of the top players operating in the global glass fiber reinforced concrete market.

Which region holds the largest share in the global orphan diseases market?

North America holds the largest share in the global orphan diseases market, followed by Europe and the Asia Pacific, respectively.

What are the major tailwinds pushing the growth of the global glass fiber reinforced concrete market?

An increase in the number of construction projects and rising preference for GFRC to provide weather and fire resistance to building structures are major tailwinds pushing the growth of the global glass fiber reinforced concrete market.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per Market Research Future Analysis, the Glass Fiber Reinforced Concrete (GFRC) market was valued at USD 2.99 billion in 2024 and is projected to grow to USD 8.46 billion by 2035, with a CAGR of 9.92% from 2025 to 2035. The GFRC is favored in the construction industry for its durability and versatility in applications such as exterior facades and architectural precast concrete. The COVID-19 pandemic unexpectedly boosted demand as homeowners focused on remodeling projects. The market is driven by increasing environmental consciousness and government regulations promoting sustainable building materials.

Key Market Trends & Highlights

The GFRC market is characterized by significant growth opportunities and competitive dynamics.

Market Size in 2024: USD 2.99 billion Projected Market Size by 2035: USD 8.46 billion CAGR from 2025 to 2035: 9.92% Expected Market Size by 2030: USD 7.17 billion

Glass Fiber Reinforced Concrete Market

CAGR

9.92%

Market Size & Forecast

2024 Market Size	USD 2.99 billion
2035 Market Size	USD 8.46 billion
CAGR (2024-2035)	9.92%
Expected Market Size by 2030	USD 7.17 billion

Major Players

Key companies include Willis Construction Co., Inc. (U.S.), Fibrex Construction Group (UAE), Formglas Products Ltd. (Canada), Clark Pacific (U.S.), Ultratech Cement Ltd. (India), and others.

Market Trends

The increasing demand for sustainable construction materials is driving innovation in the Glass Fiber Reinforced Concrete market, as it offers enhanced durability and reduced environmental impact compared to traditional concrete.

U.S. Department of Energy

Glass Fiber Reinforced Concrete Market Market Drivers

Market Growth Projections

The Global Glass Fiber Reinforced Concrete Market Industry is poised for substantial growth in the coming years. Projections indicate that the market will reach 2.99 USD Billion in 2024 and is expected to expand significantly to 8.47 USD Billion by 2035. This growth trajectory suggests a robust compound annual growth rate (CAGR) of 9.93% from 2025 to 2035. Such figures reflect the increasing adoption of GFRC across various sectors, driven by its unique properties and benefits. The anticipated growth underscores the material's potential to reshape the construction landscape globally.

Versatility in Architectural Applications

The versatility of glass fiber reinforced concrete in architectural applications is a key driver for the Global Glass Fiber Reinforced Concrete Market Industry. GFRC can be molded into various shapes and finishes, allowing architects to explore innovative designs without compromising structural integrity. Its lightweight nature facilitates easier installation, making it a preferred choice for decorative elements, cladding, and facades. This adaptability enhances its appeal in both residential and commercial projects, contributing to increased demand. As architects continue to push the boundaries of design, the market for GFRC is expected to expand, reflecting its growing importance in contemporary architecture.

Technological Advancements in Concrete Production

Technological innovations in concrete production are significantly influencing the Global Glass Fiber Reinforced Concrete Market Industry. Advanced mixing techniques and the incorporation of high-performance fibers enhance the mechanical properties of GFRC, making it more appealing for various applications. For example, the use of automated manufacturing processes ensures consistent quality and reduces production costs. These advancements not only improve the performance of GFRC but also expand its applicability in architectural designs and infrastructure projects. As a result, the market is anticipated to grow at a CAGR of 9.93% from 2025 to 2035, further solidifying its position in the construction sector.

Rising Demand for Sustainable Construction Materials

The Global Glass Fiber Reinforced Concrete Market Industry is experiencing a notable shift towards sustainable construction practices. As environmental concerns gain prominence, builders and architects increasingly favor materials that minimize ecological impact. Glass fiber reinforced concrete (GFRC) offers enhanced durability and reduced weight, which contributes to lower carbon footprints. For instance, GFRC can be utilized in facades, reducing the need for heavy structural support. This trend is projected to drive the market's growth, with the industry expected to reach 2.99 USD Billion in 2024, reflecting a growing preference for eco-friendly construction solutions.

Increasing Urbanization and Infrastructure Development

The rapid pace of urbanization and infrastructure development is a significant driver for the Global Glass Fiber Reinforced Concrete Market Industry. As cities expand, there is a growing need for durable and aesthetically pleasing construction materials. GFRC is particularly suited for urban environments due to its lightweight nature and versatility in design. It is increasingly used in high-rise buildings, bridges, and public spaces, enhancing both functionality and visual appeal. This trend is expected to contribute to the market's growth, with projections indicating a rise to 8.47 USD Billion by 2035, underscoring the material's relevance in modern construction.

Government Initiatives Supporting Innovative Construction Materials

Government initiatives aimed at promoting innovative construction materials are playing a crucial role in the Global Glass Fiber Reinforced Concrete Market Industry. Various countries are implementing policies that encourage the use of advanced materials to improve building efficiency and sustainability. For instance, incentives for using GFRC in public projects can lead to increased adoption among contractors and developers. These initiatives not only enhance the market's visibility but also foster research and development in GFRC applications. Consequently, this supportive regulatory environment is likely to propel market growth and adoption in the coming years.

Market Segment Insights

Regional Insights

Key Companies in the Glass Fiber Reinforced Concrete Market market include

Industry Developments

Clark Pacific enters into a strategic partnership to start manufacturing smart glass for commercial units
Clark Pacific launches the NetZERO platform

Future Outlook

Glass Fiber Reinforced Concrete Market Future Outlook

The Glass Fiber Reinforced Concrete Market is poised for growth at 9.90% CAGR from 2025 to 2035, driven by urbanization, infrastructure development, and sustainability trends.

New opportunities lie in:

Develop innovative GFRP products for sustainable construction practices. Expand into emerging markets with tailored GFRP solutions. Leverage advanced manufacturing technologies to enhance product performance.

By 2035, the market is expected to achieve substantial growth, reflecting increased adoption and innovation.

Market Segmentation

By market

Hybrid
Premix
Spray

By application

Other infrastructural construction
Civil construction
Residential construction
Commercial Construction

Regional analysis

The Middle East and North Africa
Asia-Pacific
The European Union
The Americas

Recent developments

Clark Pacific launches the NetZERO platform
Clark Pacific enters into a strategic partnership to start manufacturing smart glass for commercial units

List of key major companies in the Glass Fiber Reinforced Concrete Market are:

Loveld (Belgium).
Stromberg Architectural (U.S.)
Low & Bonar (U.K.) and
Nanjing Beilida New Material System Engineering Co.
Ltd. (China)
BB Fiberbeton (Denmark)
Betofiber A.S. (Turkey)
Ultratech Cement Ltd. (India)
Clark Pacific (U.S.)
Formglas Products Ltd. (Canada)
Fibrex Construction Group (UAE)
Willis Construction Co.
Inc . (U.S.)

Report Scope

Report Attribute/Metric	Details
Market Size 2024	USD 2.99 billion
Market Size 2035	8.46
Compound Annual Growth Rate (CAGR)	9.92% (2025 - 2035)
Base Year	2024
Forecast Period	2025 - 2035
Historical Data	2020
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Reinforcing Material, End-User, Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Countries Covered	The U.S, Canada, Germany, UK, China, Japan, India, Australia, South Korea.
Key Companies Profiled	Owens Corning (U.S.), Jushi Group Co., Ltd. (China), Chongqing Polycomp International Corporation (China), PPG Industries, Inc. (U.S.), Johns Manville Corporation (U.S.), Saint-Gobain Corporation (U.S.), Nippon Sheet Glass Co., Ltd. (Japan), Taishan Fiberglass Inc. (China), AGY Holding Corp. (U.S.), Asahi Fiber Glass Co., Ltd. (Japan), Binani Industries Limited (India), Celanese Corporation (U.S.), SAERTEX GmbH & Co. KG (Germany), NITTOBO ASIA Glass Fiber Co. Ltd. (Taiwan), and BGF Industries, Inc. (U.S.)
Key Market Opportunities	· Rising demand for low weight, mouldability · High quality surface finishes · Rapid urbanization coupled with increasing disposable income in emerging economies
Key Market Dynamics	· Rapid industrialization · Demand for powerful materials coupled with innovation in the chemicals industry · · Increasing expenditure on research activities
Market Size 2025	3.29

Market Highlights

Author

Tejas Chaudhary

Research Analyst Level II

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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