Global Glass Fiber Reinforced Concrete (GFRC) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Spray, Premix, and Hybrid.

By Application;

Architecture, Engineering, Defense, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn133337454 Published Date: May, 2025 Updated Date: June, 2025

Glass Fiber Reinforced Concrete (GFRC) Market Overview

Glass Fiber Reinforced Concrete (GFRC) Market (USD Million)

Glass Fiber Reinforced Concrete (GFRC) Market was valued at USD 3,480.77 million in the year 2024. The size of this market is expected to increase to USD 7,046.31 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 10.6%.


Global Glass Fiber Reinforced Concrete (GFRC) Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 10.6 %


Study Period2025 - 2031
Base Year2024
CAGR (%)10.6 %
Market Size (2024)USD 3,480.77 Million
Market Size (2031)USD 7,046.31 Million
Market ConcentrationLow
Report Pages321
3,480.77
2024
7,046.31
2031

Major Players

  • Low & Bonar
  • BarChip Pty Ltd
  • GRCUK
  • FIBROBETON
  • Formglas Products Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Glass Fiber Reinforced Concrete (GFRC) Market

Fragmented - Highly competitive market without dominant players


The Glass Fiber Reinforced Concrete (GFRC) Market is witnessing sustained momentum due to its combination of lightweight properties and structural durability. The material’s growing use in architectural applications is a result of its resilience and low maintenance features. Nearly 55% of cladding installations now include GFRC, underscoring its importance in modern construction.

Eco-Friendly Material Driving Green Construction
GFRC’s appeal in the sustainability sector continues to rise as builders prioritize low-impact materials. By reducing reliance on traditional cement, GFRC helps lower the carbon footprint of construction. Presently, about 48% of eco-certified buildings make use of GFRC, showcasing its growing role in sustainable architecture.

Versatility in Aesthetic Applications
GFRC is valued for its design adaptability, allowing intricate forms and textures in architectural projects. Its use is prominent in facade applications, with more than 50% of design professionals selecting GFRC for its creative flexibility. This adaptability is contributing to its increasing relevance in high-end structures.

Emergence of Innovative Reinforcement Techniques
Progress in material science and spray-applied technologies is transforming GFRC production. Companies are deploying newer methods that enhance strength and durability, while reducing production time. Over 42% of GFRC producers are now integrating these innovations to maintain product quality and consistency.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Glass Fiber Reinforced Concrete (GFRC) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Construction Industry

        2. Superior Properties

        3. Rising Focus on Sustainable Construction

      2. Restraints
        1. High Initial Investment

        2. Limited Awareness and Education

        3. Complex Manufacturing Process

      3. Opportunities
        1. Sustainable Construction Practices

        2. Enhanced Design Flexibility

        3. Improved Durability and Performance

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Glass Fiber Reinforced Concrete (GFRC) Market, By Type, 2021 - 2031 (USD Million)
      1. Spray

      2. Premix

      3. Hybrid

    2. Glass Fiber Reinforced Concrete (GFRC) Market, By Application, 2021 - 2031 (USD Million)
      1. Architecture

      2. Engineering

      3. Defense

      4. Others

    3. Glass Fiber Reinforced Concrete (GFRC) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Low & Bonar
      2. BarChip Pty Ltd
      3. GRCUK
      4. FIBROBETON
      5. Formglas Products Ltd
  7. Analyst Views
  8. Future Outlook of the Market