Report Code: A15921 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Glass Fiber Reinforced Gypsum Market
Request Now !Glass Fiber Reinforced Gypsum (GFRG) also called as Rapidwall is a reinforced gypsum product that has high strength and light weight for interior projects. It is an eco-friendly material manufactured from either natural or industrial gypsum. It consists of high strength resistant glass fibers that are bonded with high density gypsum to produce panels. GFRG is lighter than traditional gypsum yet it is a strong material and can be molded to better details and can be cast to virtually any shape. It is also used for aesthetic projects. GFRG can be used for both interior and exterior walls. It is the best alternative to construction material like bricks and alternate products. It is usually used in mass scale buildings is a quick solution for affordable and mass housing.
The limited supply of gypsum leads to high prices which can act as a restraint for the market. Also, the presence of very few manufacturing plants in developing countries and issues faced by them such as the difficulty in handling, stacking and transportation are expected to hamper the growth of the market. The high cost for the set-up of these manufacturing plants is a challenge to the market.
Covid-19 Impact Analysis
Top Impacting Factors
The growing numbers of construction projects in developed and emerging economies which will help impact the fiber reinforced gypsum market growth in the forecast period. The rapid construction activities, high adoption due to ease of installation, shifting inclination for high-quality material, rising need for eco-friendly and cost-effective construction products are also expected to enhance the market growth. On the other hand, high requirement in natural calamity zones along with government regulations on building products in emerging countries will further nurture various opportunities that will lead to the growth of market in the future.
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