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Various materials used to produce GFRC include sand, water, glass fibers, and cement. GFRC offers certain characteristics that are superior to other conventional materials such as steel reinforced concrete (SRC), which is a major factor for its increasing adoption in recent years.

Increasing adoption of glass fiber reinforced concrete (GFRC) in construction activities across developed and developing economies, due to its various benefits such as sound absorption, fire resistance, and resistance to moisture are major factors boosting growth of the global glass fiber reinforced concrete (GFRC) market. But, availability of substitutes such as SRC and limited ductility offered by GFRC are major factors hampering growth of the global market currently.

On the basis of application, the global glass fiber reinforced concrete (GFRC) market is segmented into residential construction, commercial construction, and civil & other infrastructure construction. The commercial construction segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. Also, residential construction segment is projected to witness moderate growth over the forecast period.

The global glass fiber reinforced concrete (GFRC) market report has been segmented on the basis of process, application, and region. On the basis of region, the global glass fiber reinforced concrete (GFRC) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to presence of prominent players in countries in the region. Moreover, increasing use of glass fiber reinforced concrete (GFRC) is another major factor anticipated to propel growth of the North America market over the forecast period. Revenue from the market in Asia Pacific accounted for second-highest revenue share and is closely followed by the markets in Europe, Middle East & Africa, and Latin America respectively. This is attributed to rapid industrialization and increasing adoption of glass fiber reinforced concrete (GFRC) in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. This can be attributed to rising demand for glass fiber reinforced concrete (GFRC) in emerging economies in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global glass fiber reinforced concrete (GFRC) market include BCM GRC Ltd., Domcrete GFRC Countertop Supplies, Betofiber A/S, Blue Concrete, CHENG Concrete, Fibrobeton Yapi Elemanlari, Fibrex Construction Group, Frey-Fil Corp., Formglas Products Ltd., GB Architectural Cladding Products Ltd., and Glass Reinforced Concrete UK Ltd.

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