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Global GFRG Market Analysis, Drivers, Restraints, Threats & Growth Forecast to 2032

The global GFRG market size was worth around USD 3.69 billion in 2023 and is predicted to grow to around USD 6.67 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.80% between 2024 and 2032.

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Gypsum, grit, and Portland cement are combined to create glass fiber reinforced gypsum (GFRG). It is primarily composed of ultra-fine alpha gypsum and glass fiber reinforcement. GFRG is capable of being cast into a variety of shapes and sizes. Little to no additional structural support is required for the material, which is both lightweight and extremely durable, with the exception of painting it in any color.

The global GFRG market is significantly influenced by the rapid expansion of the construction and infrastructure sectors. GFRG is applicable to both residential and non-residential applications. Furthermore, the global GFRG market is significantly impacted by the commercial use of GFRG. In general, the construction industry requires materials that are environmentally friendly, have high temperature resistance, are quick to install, and have excellent absorption capabilities. GFRG is one of the most frequently employed materials in the construction industry due to the presence of these characteristics. The global GFRG market is anticipated to be further stimulated by the demand for this material in the construction and infrastructure sectors.

Nevertheless, the paucity of manufacturing units and factories in developing countries results in the use of GFRG alternatives in those regions, and the GFRG market growth is being impeded by issues related to GFRG transportation. Alternatively, GFRG’s popularity is increasing in countries that are susceptible to natural disasters, such as the United States, China, and Japan, among other coastal nations, due to its low cost and lightweight design.

Additionally, the government’s stance toward GFRG is favorable due to its economic and environmentally beneficial characteristics. The number of GFRG manufacturing facilities in the Middle East and Africa and Asia Pacific region is on the rise due to the increasing demand for GFRG.

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The Global GFRG Market is segmented based on product, application and region

Global GFRG Market: Product Segment Analysis

● Type X
● Type C

Global GFRG Market: Application Segment Analysis

● Interior
● Exterior

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The global GFRG market profiles key players such as:

● CertainTeed
● Saint-Gobain
● Continental Building Products
● USG Corporation
● Knauf Danoline
● Georgia-Pacific
● National Gypsum Company
● Yingchuang Building Technique
● FACT – RCF Building Products
● American Gypsum
● Formglas Products
● Gillespie
● Shanghai Chuncui Decoration Material
● Stromberg Architectural
● Rapidwall, Plasterceil Industries
● Chiyoda UTE
● Owens Corning
● Horizons Industrial Development
● Intexforms
● Fibrex
● GC Products

Regional Analysis of the GFRG Market

The current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa is encompassed in the regional segment. Throughout the forecast period, the Middle Eastern and African GFRG market is expected to generate the highest revenue according to geography. The region’s increasing number of significant projects and ongoing infrastructural developments are the primary factors contributing to this high revenue contribution.

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