Thailand Glass Fiber Reinforced Concrete Market (2024-2030) | Revenue, Trends, Value, Size, Outlook, Analysis, Forecast, Share, Growth, Industry & Companies

Thailand Glass Fiber Reinforced Concrete Market Synopsis

Glass Fiber Reinforced Concrete (GFRC) is a composite material composed of cement, aggregates and glass fibers. It has various advantages over conventional concrete such as high strength to weight ratio, improved durability, fire resistance and higher flexural strength. Glass fiber reinforced concrete has applications in construction industry for making decorative panels, furniture items, wall cladding systems etc. It possesses superior characteristics than the traditional materials used in this sector such as stones or woods. This makes it an ideal choice for architects and designers for creating intricate patterns with minimum maintenance needs and maximum longevity.

Market Drivers

Increasing usage of GFRC in construction projects due to its low overall cost when compared to other building materials is likely to drive the market growth during the forecast period. Growing demand from end user industries such as residential & commercial buildings owing to increased safety standards along with faster completion of projects will propel the market further in near future.

Challenges of the Market

High initial investment required by players towards setting up production plants may limit adoption among small scale manufacturers.

Covid-19 Impact on the Market

The Covid-19 pandemic has had an adverse impact on all sectors but particularly so on the construction industry which was already facing a slowdown prior to pandemic outbreak. The lockdowns imposed across countries led to disruption of supplies resulting into increase in prices of raw materials thereby affecting profitability margins significantly thus hampering growth prospects for this market during 2020 & 2021.

Key Players of the Market

Some major companies operating globally include GCP Applied Technologies Inc., Sika AG, BASF SE., Wacker Chemie AG., Poraver Expanded Glass GmbH, Cemex SAB de CV, Ash Grove Cement Company USA, UltraSil Corporation Ltd., Changzhou Utek Composite Co., Ltd .

Key Highlights of the Report:

• Thailand Glass Fiber Reinforced Concrete Market Outlook
• Market Size of Thailand Glass Fiber Reinforced Concrete Market, 2023
• Forecast of Thailand Glass Fiber Reinforced Concrete Market, 2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Revenues & Volume for the Period 2020-2030
• Thailand Glass Fiber Reinforced Concrete Market Trend Evolution
• Thailand Glass Fiber Reinforced Concrete Market Drivers and Challenges
• Thailand Glass Fiber Reinforced Concrete Price Trends
• Thailand Glass Fiber Reinforced Concrete Porter's Five Forces
• Thailand Glass Fiber Reinforced Concrete Industry Life Cycle
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Process for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Spray for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Premix for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Hybrid for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Architecture for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Civil Construction for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Engineering for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Commercial for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Residential for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Building for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Defense for the Period 2020-2030
• Historical Data and Forecast of Thailand Glass Fiber Reinforced Concrete Market Revenues & Volume By Others for the Period 2020-2030
• Thailand Glass Fiber Reinforced Concrete Import Export Trade Statistics
• Market Opportunity Assessment By Process
• Market Opportunity Assessment By Applications
• Thailand Glass Fiber Reinforced Concrete Top Companies Market Share
• Thailand Glass Fiber Reinforced Concrete Competitive Benchmarking By Technical and Operational Parameters
• Thailand Glass Fiber Reinforced Concrete Company Profiles
• Thailand Glass Fiber Reinforced Concrete Key Strategic Recommendations