GRC Cladding Market to Grow with a CAGR of 15.20% through 2028
Increasing demand for sustainable building materials and growing demand
for fire-resistant building materials are likely to drive the market in the
forecast period.
According to TechSci Research report, “GRC Cladding Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global GRC Cladding Market stood at USD 3.08 billion in 2022 and is
anticipated to grow with a CAGR of 15.20% in the forecast period.
Architectural trends and the increasing demand for visually striking
building designs have been significant drivers of the global GRC Cladding
market. GRC Cladding offers architects and designers a canvas of design
possibilities due to its exceptional versatility. It can be molded into various
shapes, textures, and finishes, allowing for innovative and customized façade
designs. One of the key drivers in this context is the preference for cladding
materials that can mimic the appearance of natural materials like stone, wood,
or metal while providing the structural and durability advantages of GRC. This
trend aligns with the growing popularity of sustainable and eco-friendly
construction practices, where GRC Cladding can contribute to energy-efficient
building envelopes. As consumers and businesses seek unique and aesthetically
pleasing building designs, GRC Cladding's ability to deliver both form and
function has made it a favored choice. Architects and developers often turn to
GRC Cladding to create iconic buildings that stand out in urban landscapes and
meet the demands of modern architectural trends.
The global push for sustainability and green building practices has been
a significant driver of the GRC Cladding market. Governments, organizations,
and consumers worldwide are increasingly focused on reducing the environmental
footprint of buildings. GRC Cladding aligns well with sustainability goals due
to several key factors, for instance, Energy Efficiency: GRC Cladding provides
thermal insulation, helping to regulate indoor temperatures and reduce the need
for heating or cooling. This contributes to energy savings and aligns with
energy efficiency standards.
Durability and Longevity: GRC Cladding's durability and resistance to
weathering mean that it has a longer lifespan compared to some traditional
building materials. This longevity reduces the need for frequent replacements,
which can be resource-intensive and environmentally impactful. Material
Efficiency: The production of GRC Cladding involves fewer raw materials
compared to traditional concrete or stone cladding. Additionally, GRC Cladding
can incorporate recycled materials, reducing waste and conserving resources.
Low Maintenance: GRC Cladding requires minimal maintenance over its
lifespan, reducing the use of maintenance chemicals and materials.
As governments implement stricter environmental regulations and building
codes, and as consumers and businesses prioritize sustainability, GRC
Cladding's eco-friendly attributes have driven its adoption in green building
projects. The market for sustainable construction materials, including GRC
Cladding, has seen steady growth as a result of these sustainability drivers.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on
"Global GRC Cladding Market.”
The Global GRC Cladding Market is segmented into process, application and
region.
Based on process, The Hybrid segment had the largest market share in
2022 & expected to maintain it in the forecast period. The Hybrid process
combines elements of both the Spray and Premix processes. It typically starts
with a premix of GRC materials that are then further enhanced using the spray
process. This approach allows manufacturers to leverage the benefits of both
processes, such as the controlled composition of premix and the precise
application of spray, resulting in a high-quality product. Hybrid GRC Cladding
systems often offer superior design flexibility. By incorporating elements of
both processes, manufacturers can create cladding panels with intricate
designs, textures, and surface finishes. Architects and designers appreciate
this versatility, as it enables them to achieve their desired aesthetic
outcomes. The combination of premix and spray processes in Hybrid GRC Cladding
can lead to enhanced structural integrity. This is particularly important for
cladding systems that need to withstand various loads, including wind, seismic
forces, and the weight of the structure itself. Enhanced structural integrity
can make Hybrid GRC Cladding suitable for a wide range of architectural styles
and building types. While the Hybrid process may offer advantages in terms of
design and performance, it's important to assess its cost-effectiveness. If the
Hybrid process can deliver high-quality results while also being
cost-competitive, it may attract interest from builders and developers seeking
a balance between aesthetics and affordability.
Based on application, The Commercial segment had the largest market
share in 2022 and is projected to experience rapid growth during the forecast
period. Commercial buildings often have unique and distinctive architectural
designs. GRC Cladding offers architects and designers a high degree of
flexibility in terms of shape, texture, and finish. It can mimic the appearance
of various natural materials, such as stone, wood, or metal, while allowing for
intricate detailing and creative façade designs. This versatility makes GRC
Cladding an attractive choice for commercial projects where aesthetics play a
crucial role in attracting customers and tenants. Commercial buildings, whether
they are office complexes, retail centers, or hospitality establishments, typically
experience high foot traffic and wear and tear. GRC Cladding is known for its
durability and resistance to environmental factors like moisture, UV radiation,
and pollution. It requires minimal maintenance over its lifespan, reducing
long-term operating costs for commercial property owners. GRC Cladding can
contribute to the energy efficiency of commercial structures. It provides
thermal insulation and helps regulate indoor temperatures, which is essential
for commercial spaces where comfort and energy savings are significant
considerations. Energy-efficient building envelopes are increasingly important
due to sustainability goals and environmental regulations. Fire safety is a
critical concern for commercial buildings, particularly in densely populated urban
areas. GRC Cladding has excellent fire-resistant properties, making it a
preferred choice for projects that require compliance with strict fire safety
regulations. This can include high-rise office buildings, hotels, and shopping
centers.
Major companies operating in the Global GRC Cladding Market
are:
- UltraTech
Cement Ltd
- Clark
Pacific Corporation
- BB fiber
concrete AS
- Asahi
Building-wall Co., Ltd.
- Willis
Construction Co. Inc.
- Loveld NV
- Fibrobeton
Construction Elements Industry Construction and Trade Joint Stock Company
- GB
Architectural Cladding Products Ltd.
- Ibstock
Plc
- BCM GRC
Limited
Download Free Sample Report
Customers can also request for 10% free customization on this report.
“The Global GRC Cladding market is expected to rise in the upcoming
years and register a significant CAGR during the forecast period. The growth of
the market is being driven by the increasing demand for sustainable and
fire-resistant building materials. GRC cladding is a type of building material
that is made from glass fibers and concrete. It is lightweight, strong, and
fire-resistant, making it a popular choice for a variety of applications,
including commercial buildings, hospitals, and schools. GRC cladding is a
sustainable building material as it is made from recycled materials. It is also
a low-maintenance material, which reduces the environmental impact of
construction. Additionally, Governments in many countries are promoting the use
of GRC cladding in order to improve fire safety and reduce the environmental
impact of construction. Therefore, the market of GRC Cladding is expected to
boost in the upcoming years.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management consulting firm.
“GRC Cladding Market By Process (Spray, Premix, and Hybrid), By
Application (Commercial, Residential, Public), By Region, By Competition Forecast &
Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global GRC Cladding Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers make sound investment decisions., The report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global GRC Cladding Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com