Global Glass-Fiber Reinforced Gypsum Market Insights - Industry Share, Sales Projections, and Demand Outlook 2024-2030

Glass Fiber Reinforced Gypsum is a composite of high strength alpha gypsum reinforced with glassfibers that can be factory molded into virtually any shape or size. GFRG (or GRG) is a non-combustible material (test results of flame spread and smoke development values as per ASTM E-84) and even the largest parts only weigh 2-3 pounds per square foot (10-15 kg/m2). Similar to traditional plaster castings but considerably lighter and stronger, Glass Fiber Reinforced Gypsum is typically field finished with any interior paint. Joints can be taped and finishing is similar to drywall finishing. The use of post-consumer recycled material, the fact that GFRG castings are made to size and are designed to minimize excessive framing, makes Glass Fiber Reinforced Gypsum a favorable choice for LEED or green construction projects.

In 1977, glass reinforced gypsum was introduced to the UK from the United States. This was a new concept in building materials. It was a lightweight, strong and durable material. It could be used for both structural and decorative interior construction, and it would prove to be enormously popular throughout the later 20th century. It remains highly popular today, thanks to its flexibility as a material, and the fact that it can be easily used in a very wide range of settings. In fact, as long as it isn’t subjected to damp, it can be and is used in all manner of buildings, from casinos and churches, to theatres and shopping centres, hotels and private homes.

The global Glass-Fiber Reinforced Gypsum market was valued at US$ 881 million in 2023 and is anticipated to reach US$ 1209 million by 2030, witnessing a CAGR of 4.7% during the forecast period 2024-2030.

The global leading GFRG companies in the world are Saint-Gobain, Formglas, Stromberg Architectural, Knauf Group, Owens Corning, Georgia-Pacific Gypsum and GRG Technologies, with about 45% market shares.

As for the region consumption, the USA remained the largest market for GFRG in the world, with 35% market share consumption. Other major consuming regions include China and Europe, which account for 20% and 15% respectively.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Glass-Fiber Reinforced Gypsum, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Glass-Fiber Reinforced Gypsum.

The Glass-Fiber Reinforced Gypsum market size, estimations, and forecasts are provided in terms of sales quantity (K MT) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Glass-Fiber Reinforced Gypsum market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Glass-Fiber Reinforced Gypsum manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Glass-Fiber Reinforced Gypsum manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Sales, revenue of Glass-Fiber Reinforced Gypsum in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.