GFRG (Glass Fiber Reinforced Gypsum) Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10.7% from 2024 to 2030.
Between 2018 and 2022, the GFRG market saw notable demand in the residential, commercial, and industrial construction sectors, with key regions like North America, Europe, and Asia Pacific leading the demand. The global market grew at a steady pace, fueled by rising urbanization, an increasing focus on eco-friendly materials, and a growing number of green building initiatives. However, the market also faced challenges related to production costs, regulatory hurdles, and market penetration in certain regions. Manufacturers responded by introducing more efficient production techniques and enhancing the material's properties, such as improving its thermal and acoustic insulation capabilities, to meet the diverse needs of the construction industry.
Looking forward, the demand for GFRG from 2023 to 2033 is expected to witness an even more significant surge. As the construction industry continues to innovate, the demand for GFRG is projected to rise across emerging markets, including regions in Asia-Pacific and the Middle East. The increasing need for sustainable construction materials, coupled with government incentives for energy-efficient building practices, will boost the adoption of GFRG. Furthermore, advancements in GFRG technology will enable the development of lightweight, stronger, and more cost-effective products, fostering greater adoption in both large-scale infrastructure projects and residential buildings. The growing trend toward modular construction, where materials like GFRG play a crucial role, is another factor that will drive market demand.
Get an In-Depth Research Analysis of the Global GFRG (Glass Fiber Reinforced Gypsum) Market Size And Forecast [2025-2032]
The Glass Fiber Reinforced Gypsum (GFRG) market has been evolving significantly from 2018 to 2022, with substantial growth driven by the increasing demand for lightweight, durable, and cost-effective building materials. GFRG, a composite material made by reinforcing gypsum with glass fibers, has seen widespread adoption in various sectors, including construction, interior design, and infrastructure. Its strength, fire resistance, and ease of use make it a preferred choice for modern construction projects. As the construction industry emphasizes sustainability and efficiency, the GFRG market has become a key player in delivering high-performance solutions. Market players have been exploring innovative applications and advancements in production technology, further expanding its reach.
Certainteed
Saint-Gobain Gyproc
Continental Building Products
Knauf Danoline
Georgia-Pacific
National Gypsum
Yingchuang Building Technique
American Gypsum
Formglas Products
Gillespie
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global GFRG (Glass Fiber Reinforced Gypsum) Market
Residential
Commercial
Based on Types the Market is categorized into Below types that held the largest GFRG (Glass Fiber Reinforced Gypsum) market share In 2023.
Ordinary Plaster
Flame Retardant Plaster
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global GFRG (Glass Fiber Reinforced Gypsum) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global GFRG (Glass Fiber Reinforced Gypsum) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global GFRG (Glass Fiber Reinforced Gypsum) Market, By Type
6. Global GFRG (Glass Fiber Reinforced Gypsum) Market, By Application
7. Global GFRG (Glass Fiber Reinforced Gypsum) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global GFRG (Glass Fiber Reinforced Gypsum) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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