Glass fiber is used as Eco-friendly construction Material in the form of Glass-Fiber Reinforced Concrete (GRC). The GRC impart buildings with a solid appearance without causing weight and environmental distresses.
Glass-Fiber Reinforced Concrete weighs 80% less than precast concrete. Moreover, the manufacturing process doesn’t compromise on the durability factor.
Using glass fiber in the cement mix reinforces the material with corrosion-proof sturdy fibers which make GRC long-lasting for any construction requirement. Owing to the lightweight nature of GRC the construction of walls, foundations, panels, and cladding becomes much easier and quicker.
Popular applications for glass fiber in the construction industry include paneling, bathrooms and shower stalls, doors, and windows. Development is powered by continuous job gains, low mortgage rates and slowing inflation in house prices.
Glass fiber can also be used in the construction as an alkali resistant, as construction fiber for plaster, crack prevention, industrial flooring etc.
United states has one of the world’s largest construction industry and it recorded an annual revenue of USD 1,306 billion in 2019. The United States is a major industrialized nation that houses multiple industries in heavy-scale, medium-scale, and small-scale categories. The country is known for its booming commercial activities.
According to US Census Bureau, the total Residential housing units authorized by building permits in March 2020 were at a seasonally adjusted annual rate of 1,353,000 representing 5% growth over March 2019 rate of 1,288,000. The total number of privately‐owned housing starts in March 2020 were at a seasonally adjusted annual rate of 1,216,000 representing 1.4% growth over March 2019 rate of 1,199,000.
Even though United States construction sector has taken a plunge in 2020, the industry is expected to recover and grow by late 2021, thereby increasing the demand for glass fiber market from the construction sector during the forecast period.
Thus, from the aforementioned factors the demand for glass fiber in construction industry is expected to increase during the forecast period.
Post time: Apr-06-2021