The Market of Glass Fiber-Reinforced Gypsum (GFRG) is to grow at CAGR 6.5% by 2024

The new report of Stratview Research analyses the Glass Fiber-Reinforced Gypsum (GFRG) Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
 
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:

• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards  

 
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The Glass Fiber-Reinforced Gypsum (GFRG) Market: The Growth Prognosis & its Drivers
The glass fiber-reinforced gypsum market is expected to garner at an impressive CAGR of 6.5% during the forecast period. Growing construction activities and excellent performance of GFRG, such as marvelous aesthetic, sound absorption, fire resistance, and moisture resistance, are driving the GFRG market.
 
Market Segments
Based on the type, the market is segmented into Type X, Type C, and others. Type X segment is expected to remain the largest as well as fastest-growing segment of the market during the forecast period. Type X is the most widely used material as it is easily available and cost-effective, and can tolerate high-temperature resistance.
 
Based on the application type, the GFRG market is further segmented into interior and exterior. The interior segment dominates the market and is also likely to grow at a higher rate in the coming five years. GFRG proves to be cost-effective and is easily available, which, in turn, drives its higher usage in loadbearing walls, partition walls, and other interior applications in both, residential and non-residential construction.
 
Based on the end-user type, the market is bifurcated into non-residential construction and residential construction. Non-residential construction segment held the largest share of the market in 2018 and is expected to remain the dominant segment during the forecast period, owing to its wide usage in hospitals, offices, airports, gymnasiums, auditoriums, movie theatres, and museums.
 
Europe leads the demand for the glass fiber-reinforced gypsum market, owing to the recovery of non-residential sector coupled with the presence of major GFRG suppliers in the region, such as Knauf Danoline A/S and Gillespie. Asia-Pacific is set to witness the highest growth in the coming five years, driven by an excellent growth in construction activities, especially in China and India
 
Market Players
Some of the key glass fiber-reinforced gypsum manufacturers are CertainTeed, and Sain Gobain Gyproc, Continental Building Products, USG Corporation, Knauf Danoline A/S, Georgia-Pacific LLC, National Gypsum Company, Yingchuang Building Technique Co. Ltd., American Gypsum Co. LLC, Formglas Products Ltd., Gillespie, Shanghai Chuncui Decoration Material Co., Ltd., Stromberg Architectural Products, Rapidwall, Plasterceil Industries Pte Ltd., Chiyoda UTE Co., Ltd., Owens Corning, Horizons Industrial Development Co. L.L.C., Intexforms, Inc., Fibrex, and GC Products Inc.
 
Comprehensive Market Coverage
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