FRP Grating Market Foundation of Growth, Tops USD 600.03 Million

Written by [email protected]  »  Updated on: May 07th, 2024

FRP Grating Market Foundation of Growth, Tops USD 600.03 Million

According to TechSci Research report, “FRP Grating Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global FRP Grating Market stood at USD 600.03 million in 2022 and is anticipated to grow with a CAGR of 4.56% in the forecast period, 2023-2028. The initiatives taken by the government based on FRP Grating has led to favorable market conditions for the Global FRP Grating Market. Several factors contribute to the growth of various FRP Grating products.

Government initiatives focusing on construction and repair work are playing a significant role in driving the growth of the FRP Grating market. In regions where infrastructure development is a top priority, the demand for FRP Grating has witnessed a remarkable surge. This can be attributed to the unique properties of FRP Grating, such as its exceptional strength, impressive corrosion resistance, and remarkable longevity, which make it an ideal choice for various construction-related applications.

Consequently, government-led construction and repair projects often prioritize the use of FRP Grating to ensure durability, safety, and long-term cost-effectiveness. This growing preference for FRP Grating in the construction sector further reinforces its position as a key component of modern infrastructure development initiatives.

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The exponential surge in technological advancements has had a profound and direct impact on the remarkable growth of the FRP Grating Market. This can be attributed to the remarkable enhancement of product properties, which not only meet but also exceed the specific needs of various industries, thus catapulting the market to new heights.

Moreover, the market's growth is further fueled by the emergence of new and innovative applications for FRP grating across diverse sectors. An exemplary illustration of this is the incorporation of FRP grating in stair treads, which ingeniously offers anti-slip solutions, thereby significantly enhancing safety measures and effectively mitigating the risk of accidents.

In addition to these transformative advancements, it is worth noting that the remarkable progress in technology has also paved the way for substantial cost reductions. Through the implementation of improved manufacturing processes, the production costs associated with FRP grating have been significantly reduced, rendering it an affordable and highly sought-after solution for a myriad of applications across various industries.

Global FRP Grating Market is segmented into resin type, application, end-user, regional distribution, and company

Based on its application, the Walkways segment held the largest share in the market. FRP grating, also known as Fiberglass Reinforced Plastic grating, finds applications across various industries such as chemical, power plants, and many more. These grating systems are extensively used for walkways due to their highly flammable-resistant property, making them a preferable choice over traditional steel grating.

Specifically designed for safe and controlled roof access, the FRP Rooftop Walkway System provides a non-slip, secure, and all-weather access solution for the maintenance of solar panels and frequently accessed areas without causing any unnecessary damage to the roofs. These walkways serve as designated routes, playing a critical role in ensuring the safety of individuals by keeping them away from potential hazards. Compared to metal grating, FRP floor grating or FRP walkway grating offers the advantage of being lightweight and easy to install, making it a practical choice for various applications.

Based on region, the Europe segment is expected to grow during the forecast period. The growing demand for alternatives to manual handling of heavy weights can be attributed to the restrictions imposed by legislation. In this region, lightweight options are gaining potential and capturing the market. Among these options, composite materials are deemed the most suitable for serving this purpose. Not only do they provide insulation from electricity, but they also offer slip resistance, ensuring safety and durability.

Major companies operating in the Global FRP Grating Market are:+

  • Fibergrate Composite Structures Ltd
  • Ferrotech International FZE
  • Bedford Reinforced Plastics Inc.
  • Creative Pultrusions Inc.
  • Delta Composites, LLC
  • AGC Matex Co. Ltd.
  • Fibrolux GmbH
  • Strongwell Corporation
  • Techno Composites Domine GmbH
  • AIMS International

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“Growing application of FRP Grating in various end-user industries are key drivers of the FRP Grating market. Growth in the competitive landscape and the presence of well-established companies in the market who are dedicated to enhancing their productivity of FRP Grating with every passing year are anticipated to register an impressive growth to Global FRP Grating Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

FRP Grating Market By Resin Type (Polyester Resin, Vinyl Ester Resin, Phenolic Resin, Others), By Application (Stair Treads, Walkways, Platforms, Others), By End User (Industrial, Water Management, Cooling Towers, Marine, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global FRP Grating 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 take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global FRP Grating Market.

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Table of Content-FRP Grating Market 

  1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

  1. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

  1. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

  1. Global FRP Grating Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value

4.2. Market Share & Forecast

4.2.1. By Resin Type (Polyester Resin, Vinyl Ester Resin, Phenolic Resin, Others)

4.2.2. By Application (Stair Treads, Walkways, Platforms, Others)

4.2.3. By End User (Industrial, Water Management, Cooling Towers, Marine, Others)

4.2.4. By Region

4.2.5. By Company (2022)

4.3. Market Map

4.3.1. By Resin Type

4.3.2. By Application

4.3.3. By End User

4.3.4. By Region

  1. Asia Pacific FRP Grating Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Resin Type

5.2.2. By Application

5.2.3. By End User

5.2.4. By Country

5.3. Asia Pacific: Country Analysis

5.3.1. China FRP Grating Market Outlook Market Size & Forecast By Value Market Share & Forecast By Resin Type By Application By End User

5.3.2. India FRP Grating Market Outlook Market Size & Forecast By Value Market Share & Forecast By Resin Type By Application By End User

5.3.3. Australia FRP Grating Market Outlook Market Size & Forecast By Value Market Share & Forecast By Resin Type By Application By End User

5.3.4. Japan FRP Grating Market Outlook Market Size & Forecast By Value Market Share & Forecast By Resin Type By Application By End User

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