AP NEWS

Glass Fiber Reinforced Gypsum (GFRG): Worldwide Market Analysis & Forecast (2018-2023) by Type, Application, End User and Region - ResearchAndMarkets.com

October 3, 2018
The “GFRG (Glass Fiber Reinforced Gypsum) Market by Type (Type X, Type C), Application (Interior and Exterior), End User (Residential and Non-Residential), and Region (North America, Europe, APAC, Latin America, MEA) - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.The GFRG market is projected to reach USD 3.44 Billion by 2023, at a CAGR of 7% between 2018 and 2023.

Based on type, the GFRG market has been classified into Type X, Type C, and others. The Type X segment of the GFRG market is projected to grow at the highest CAGR during the forecast period, in terms of value and volume. The growth of the Type X segment can be attributed to the increasing adoption of Type X gypsum board in several construction projects, owing to their properties such as high strength, good temperature resistance, and rapid construction.

Based on application, the GFRG market has been classified into interior and exterior. The interior segment is expected to lead the GFRG market during the forecast period, in terms of value and volume. The growth of the interior segment can be attributed to the ability of GFRG to be used as loadbearing walls, partition walls, and others, which are economical.

Based on end user, the GFRG market has been segmented into residential and non-residential. The non-residential end user segment is projected to lead the GFRG market during the forecast period, in terms of value and volume. The growth of the non-residential end user segment can be attributed to the increased use of GFRG in non-residential buildings, such as offices, institutes, hospitals, gymnasiums, cinema theatres, museums, and auditoriums.

Market Dynamics

Drivers

High-Quality Material and Rapid ConstructionIncrease in Number of Construction Projects in Developed and Developing EconomiesNeed for Eco-Friendly and Cost-Effective Construction Products

Restraints

Very Less Manufacturing Plants in the Developing CountriesDifficulty in Transportation and Building High-Rise BuildingsUncertainty in the Global Political Scenario

Opportunities

High Requirement in Natural Calamity Zones and Geographies Vulnerable to Political UnrestGovernment Regulations on Building Products in Developing Countries

Challenges

Lack of Awareness About the Benefits and Unavailability of GFRG/GRGDeveloping GFRG Manufacturing Plants in APAC and the MEA

Companies Profiled

Certainteed (Subsidiary of Saint-Gobain)Saint-Gobain GyprocContinental Building ProductsUSG CorporationKnauf Danoline A/SGeorgia-PacificNational Gypsum CompanyYingchuang Building Technique Co. Ltd.FACT - RCF Building Products Ltd.American GypsumFormglas Products Ltd.GillespieShanghai Chuncui Decoration Material Co. Ltd.Stromberg ArchitecturalRapidwallPlasterceil Industries Pte. Ltd.Chiyoda UTE Co. Ltd.Owens CorningHorizons Industrial Development Co. LLCIntexforms Inc.FibrexGC Products Inc.

For more information about this report visit https://www.researchandmarkets.com/research/blpnrf/glass_fiber?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005425/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Composites

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 10/03/2018 07:21 AM/DISC: 10/03/2018 07:21 AM

http://www.businesswire.com/news/home/20181003005425/en

AP RADIO
Update hourly