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The glass fiber reinforced concrete (GFRC) market size is forecast to increase by USD 406 billion at a CAGR of 4.3% between 2023 and 2028. The market is experiencing significant growth due to several key factors. The adoption of GFRC in precast construction is increasing, as it offers advantages such as reduced construction time and cost. Moreover, the unique composition of GFRC, which includes fiberglass, alkaline resistance, and water-resistant properties, makes it a popular choice in the construction industry. The material's versatility and ability to create architectural masterpieces, such as historical monuments, sculpted jharokhas, detailed cornices, majestic domes, gargoyle-like columns, and complex ornate designs, make it a popular choice among civil engineers and builders. Additionally, the sustainability aspect of GFRC is gaining traction, as it can be made using recycled materials. Furthermore, the versatility of GFRC allows for various color and texture options, making it an attractive choice for decorative panels. However, the availability of substitutes for GFRC may pose a challenge to market growth.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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