Glass Fiber Reinforced Gypsum Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Glass Fiber Reinforced Gypsum Market, valued at USD 3.5 billion in 2023, is expected to grow at a CAGR of 6.5% between 2024 and 2032. This growth is driven by increasing demand for lightweight construction materials, especially in modern building designs. GFRG's unique combination of durability, fire resistance, and ease of installation positions it as a top choice in the construction industry. As the sector shifts toward more efficient building practices and aims to reduce labor costs, GFRG stands out for its excellent strength-to-weight ratio. It is widely used in commercial and high-rise buildings, where these properties are essential.

The material also complies with strict building codes, making it ideal for large-scale projects. Additionally, GFRG's versatility in design and durability make it an asset in construction landscape. When segmented by material, the market is dominated by alpha gypsum, which accounted for USD 1.9 billion in 2023. Alpha gypsum is favored for its superior strength and low water absorption, making it suitable for interior and exterior applications. Its ability to withstand harsh environments gives it an edge, particularly in commercial and industrial projects.

The alpha gypsum segment is anticipated to grow at a CAGR of 6.8% by 2032, reflecting its continued relevance in the industry. In terms of glass fiber type, E-Glass holds a significant portion of the market, accounting for 40.5% of the share in 2023. E-Glass is widely used due to its affordability, high tensile strength, corrosion resistance, and electrical insulation properties. It is suitable for various residential, commercial, and industrial applications. Its versatility and cost-effectiveness contribute to its leadership in the market compared to other glass fiber types.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$3.5 Billion
Forecast Value	$6.2 Billion
CAGR	6.5%

North America led the GFRG market with a value exceeding USD 1 billion in 2023. The region's growth is supported by increasing construction activity, in line with a growing emphasis on sustainable building practices. Advanced construction technologies and rising investments in commercial and residential projects, particularly in urban areas, are key drivers. Moreover, stringent building regulations focused on fire safety and energy efficiency are further accelerating the adoption of GFRG in North America.

Product Code: 11701

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Market challenges
- 3.2.3 Market opportunity
  - 3.2.3.1 New opportunities
  - 3.2.3.2 Growth potential analysis
3.3 Raw material landscape
3.4 Sustainable manufacturing
3.5 Pricing trends (USD/Ton), 2021 to 2032
3.6 Regulations & market impact
3.7 Porter's analysis
3.8 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company matrix analysis
4.3 Company market share analysis
- 4.3.1 Company Market share analysis by region
  - 4.3.1.1 North America
  - 4.3.1.2 Europe
  - 4.3.1.3 Asia Pacific
  - 4.3.1.4 Latin America
  - 4.3.1.5 Middle East Africa
4.4 Competitive positioning matrix
4.5 Strategic dashboard

Chapter 5 Market Size and Forecast, By Material, 2021-2032 (USD Million, Kilo Tons)

5.1 Key trends
5.2 Alpha gypsum
5.3 Beta gypsum

Chapter 6 Market Size and Forecast, By Glass Fiber Type, 2021-2032 (USD Million, Kilo Tons)

6.1 Key trends
6.2 E-Glass
6.3 C-Glass
6.4 AR-Glass
6.5 S-Glass
6.6 Others (A-Glass, D-Glass, ECR-Glass & R-Glass, etc.)

Chapter 7 Market Size and Forecast, By Application, 2021-2032 (USD Million, Kilo Tons)

7.1 Key trends
7.2 Interior
- 7.2.1 Wall panels
- 7.2.2 Ceiling panel
- 7.2.3 Architectural molding
7.3 Exterior
- 7.3.1 Facade panels
- 7.3.2 Cladding

Chapter 8 Market Size and Forecast, By End Use Industry, 2021-2032 (USD Million, Kilo Tons)

8.1 Key trends
8.2 Residential
8.3 Commercial
- 8.3.1 Offices
- 8.3.2 Retail spaces
- 8.3.3 Hospitality
- 8.3.4 Healthcare
- 8.3.5 Others
8.4 Industrial
8.5 Others

Chapter 9 Market Size and Forecast, By Region, 2021-2032 (USD Million, Kilo Tons)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 South Africa

Chapter 10 Company Profiles

10.1 AWI Licensing LLC
10.2 BACE India
10.3 Formglas Products Ltd
10.4 GC Products, Inc.
10.5 Georgia-Pacific LLC
10.6 Knauf Danoline A/S
10.7 Saint-Gobain Formula GmbH
10.8 Stromberg Architectural
10.9 USG Corporation
10.10 Yingchuang Building Technique Co. Ltd.

Glass Fiber Reinforced Gypsum Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032