GFRG Market by Application, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019–2026

Global GFRG (Glass Fiber Reinforced Gypsum) Market is valued to reach USD 3.54 Billion by 2023, growing at a CAGR of 6.02% over forecast period 2020–2026. Requirement of rapid techniques for timely delivery of construction projects, growing marine trade, coupled with demand for alternative cost-effective and sustainable construction materials are the driving factors of the market.

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GFRG (Glass Fiber Reinforced Gypsum) 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 cost-effectiveness. At present, the GFRG (Glass Fiber Reinforced Gypsum) 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 micro-beams and RCC concrete.

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.

GFRG (Glass Fiber Reinforced Gypsum) Market Drivers:

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.