GFRG (Glass Fiber Reinforced Gypsum) Market Demands & Analysis & Forecast Report 2019-2026

GFRG (Glass Fiber Reinforced Gypsum) Market Demands & Newest Innovations Analysis & Forecast Report 2019-2026 The GFRG (Glass Fiber Reinforced Gypsum) market size is expected to witness a high CAGR during the forecast period, 2019 - 2026. Rise in construction sector across the globe and use of reinforced materials is triggering the market demand in the years to come. GFRG is therefore gaining a high popularity in the construction domain that drives the market development.

GFRG composites are well known as rapidwall in the construction sector. The GFRG panels are ready-made gypsum panels with deep cavities and are made of calcinated gypsum plaster and glass fiber. The advantages offered by GFRG panels are rapid construction and costeffectiveness. At present, the GFRG panels used in building constructions endure more than 7 storey within low seismic zones and are lesser in height for high seismic zones. The hollow cavities within the panels are used in concealing plumbing and electrical wiring. Rapidwall panel is a popular loadbearing lightweight panel that are manufactured in various sizes and thickness.

The weight and density of individual panel varies depending on the dimension of cavity. For instance, rapidwall panel is used for intermediary floor slab that is in conjoint with RCC microbeams and RCC concrete.

Get a Sample Copy of This Report @ https://dataintelo.com/request-sample/?reportId=4939 Rapidwall enables a rapid construction while the conventional building construction is a time consuming process such as cement plastering, casting RCC slabs, plastering of ceilings and masonry construction. The conventional method of construction contributes to the pollution and results in environmental degradation owing to the debris on the site. On contrary, the rapidwall construction is easy and rapid as there remains no debris at the site. The construction time is minimized by 10-20% as the wall by wall construction takes place. It does not involve cement plastering and also offers a superior performance on applying primer and finishing coat.

For typical building components such as walls, staircase, slabs and ceiling walls can be constructed using GFRG panels. Sustainability and energy efficiency are some of the major benefits offered by extensive use of GFRG panels. Other factors such as climate change due to rise in concentration of greenhouse gas is a major concern of pollution and contamination in the atmosphere. Subsequently, shift in approach and radical transformation in the construction sector is pertinent as demand for eco-friendly construction products is gaining a high momentum. The challenges within the construction sector such as completion time, construction costs and labor size are all addressed within the use of GFRG panels for effective and efficient construction.

The GFRG (glass fiber reinforced gypsum) market is driven by the rising adoption among residential & commercial users. Increase in volume and revenue share is anticipated to bolster the market demand for reinforced materials. Public places of interest and commercial construction demands GFRG composites for renovation purpose. In addition, demand for GFRG walls within residential segment triggers the market development in the years to come. On contrary, high maintenance cost is likely to disturb the market growth during the forecast span.

Based on application, the GFRG (glass fiber reinforced gypsum) market can be segmented into interior and exterior. Interior is further segmented into wall, ceiling and floor, and column & light cover. Exterior is further segmented into wall and cladding. Interior applications are likely to account for a significant market share owing to massive volume and revenue share.

Based on geographical segmentation, the GFRG (Glass Fiber Reinforced Gypsum) market is spread across North America, South America, Europe, Asia Pacific, Middle-East and Africa.

Europe turns out to be the largest market accounting for a huge rise in the construction industry. Presence of key industry players is anticipated to be one of the major drivers for regional growth.

Asia Pacific is likely to hold a high share in the years to come attributing to increase in construction activities and high demand. The regional markets within Asia Pacific is anticipated to register a high growth on the basis of high revenue share in the following years.

Some of the key players in the GFRG (Glass Fiber Reinforced Gypsum) market are Eagle Materials, Saint-Gobain, USG, Knauf Gips and Koch Industries. Trends and analysis pertaining to company mergers and acquisitions, product launches and strategic collaborations are some of the identified growth strategies adopted by major players in order to strengthen their market position.