Global Glass-Fiber Reinforced Gypsum Market Growth 2019-2024

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.
Glass Fiber Reinforced Gypsum is a composite of high strength alpha gypsum reinforced with glass fibers that can be factory molded into virtually any shape or size. 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.
GFRG offer a wide range of applications, from the casinos, hotels, entertainment centers to public buildings. In 2016, the casino and entertainment center industry was the largest filed with 51% consumption market share.
In the future, as raw material costs and wage costs change, we tend to believe that prices will rise. But, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin. Developing countries will maintain a rapid growth rate. On the whole, we believe the industry will maintain a good growth rate.

According to this study, over the next five years the Glass-Fiber Reinforced Gypsum market will register a 6.4% CAGR in terms of revenue, the global market size will reach US$ 920 million by 2024, from US$ 670 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Glass-Fiber Reinforced Gypsum business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Glass-Fiber Reinforced Gypsum market by product type, application, key manufacturers and key regions and countries.

This study considers the Glass-Fiber Reinforced Gypsum value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
GFRG Board
GFRG Products
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Casino and Entertainment Center
Large Hotel
Large Public Buildings
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Saint-Gobain
Formglas
Stromberg Architectural
Knauf Group
Owens Corning
Georgia-Pacific Gypsum
GRG Technologies
Guangzhou Form New Materials 
Shanghai Yinqiao Decoration
Yinhu
Plasterceil Industries
Continental Building Products
CHIYODA UTE
Guangzhou City Ping Mei Building Materials
USG
Guheng Group

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Glass-Fiber Reinforced Gypsum consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Glass-Fiber Reinforced Gypsum market by identifying its various subsegments.
Focuses on the key global Glass-Fiber Reinforced Gypsum manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Glass-Fiber Reinforced Gypsum with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Glass-Fiber Reinforced Gypsum submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.