Rapid industrialization and the growing need for energy saving in residential applications are the drivers for the growth of the market.

The global  Glass Fiber Reinforced Gypsum (GFRG) market is forecast to reach USD 4.77 Billion by 2028, according to a new report by Reports and Data. GFRG is widely used in construction applications. GFRG applications include columns, moldings, ceiling, light coves, medallions, domes, capitals, fireplace surrounds, and custom shapes. Examples of applications where the GFRG cannot be used include fountains and swimming pools because of its weakness against moisture. GFRG is considered an architectural material that can be used to improve the decorative quality of its environment. Typical construction applications where it is used include residential construction, office construction, and commercial construction, such as casinos, hotels, and theaters. GFRG is available in several forms, like panels, parts, or as a powder. Panels are considered to be the most widely used form of GFRG.

GFRG offers several advantages. The most crucial benefit of using gypsum is its flame-retardant nature because it is a mineral and does not burn. Besides, it acts as a thermal regulator when exposed to a flame and protects the materials for short periods. GFRG can be used for both exterior and interior decoration of buildings. The applications in these two cases can vary considerably in number and depend on customer requirements.

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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.

The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter's Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launch and brand promotions.

Key companies profiled in the report include:

Saint-Gobain Gyproc, Knauf Danoline, Georgia-Pacific, American Gypsum, Formglas, Chiyoda UTE, Gillespie, Stromberg Architectural, Owens Corning, and National Gypsum Company, among others.

Market Segmentation by Types:

Type Outlook (Revenue, USD Billion; 2018-2028)

• Type X
• Type C
• Others

Application Outlook (Revenue, USD Billion; 2018-2028)

• External
• Internal

End-Use Outlook (Revenue, USD Billion; 2018-2028)

• Non-Residential
• Residential

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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Glass Fiber Reinforced Gypsum market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• BENELUX
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Rest of LATAM
• Middle East Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of MEA

Further key findings from the report suggest

• The Type X segment is expected to remain the largest and most dynamic segment of the market over the forecast period. Type X is the used material because it is readily available most and economical, and can tolerate resistance to high temperatures.
• The interior segment leads the market and is expected to grow at a faster pace over the forecast period. GFRG is cost-effective and readily available, which in turn stimulates its increased use in load-bearing walls, partition walls, and other interior applications in residential and non-residential construction.
• The non-residential construction segment held the largest market share in 2019 and is expected to remain the dominant segment over the forecast period due to its extensive use in hospitals, offices, airports, gymnasiums, auditoriums, cinemas and museums.
• Asia-Pacific is expected to post the most robust growth over the forecast period due to rapid growth in the construction and transportation sectors. The growth of the construction industry in Asia-Pacific presents significant opportunities for manufacturers to meet demand. The development of public infrastructure, in particular in India and China, should have a positive impact on the growth of the gypsum reinforced with fiberglass market.

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