FRP (fiberglass reinforced plastic) grating is a type of construction material that is used in a variety of applications, including walkways, platforms, stair treads, and drainage covers. It is made from fiberglass strands that are reinforced with a plastic resin matrix, which gives it strength and durability. The global FRP grating market is expected to grow in the coming years due to increasing demand for corrosion-resistant and lightweight construction materials, as well as the growing use of FRP grating in the oil and gas industry. Some of the upcoming trends in the FRP grating market include:
- Increased adoption of FRP grating in the oil and gas industry: FRP grating is often used in the oil and gas industry due to its corrosion-resistant properties and ability to withstand harsh environments.
- Growth of the construction industry: The construction industry is expected to continue to grow, which will drive demand for construction materials such as FRP grating.
- Development of new manufacturing technologies: Advances in manufacturing technologies are expected to lead to the development of new and improved FRP grating products.
- Increased focus on sustainability: There is a growing focus on sustainability in the construction industry, and FRP grating is a sustainable alternative to traditional materials such as steel and concrete.
- Growing demand for lightweight construction materials: The use of lightweight construction materials is increasing due to the need to reduce the weight of structures and reduce the carbon footprint of buildings. FRP grating is a lightweight alternative to traditional materials.
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FRP Grating Market Drivers
There are several drivers that are expected to contribute to the growth of the FRP grating market in the coming years. Some of these drivers include:
- Increased demand for corrosion-resistant materials: FRP gratings are resistant to corrosion and are therefore preferred in applications where corrosion is a concern. This makes them ideal for use in industries such as chemical processing, water treatment, and marine.
- Growing construction industry: The construction industry is a major user of FRP gratings, and the increasing construction activity around the world is expected to drive the demand for FRP gratings.
- Technological advancements: The continuous development of new and advanced FRP grating products is expected to drive the market growth.
- Rising demand for lightweight materials: FRP gratings are lightweight and easy to install, making them an attractive choice for various applications.
- Increased focus on sustainability: FRP gratings are a sustainable and eco-friendly alternative to traditional materials such as steel, making them a preferred choice in various industries.
FRP Grating Market Segmentation
The FRP grating market can be segmented based on process, resin type, application, end use industry and region.
Based on Process:
- Molded
- Pultruded
Based on Resin Type:
- Polyester
- Vinyl Ester
- Phenolic
- Others
Based on resin type, the polyester segment of the FRP grating market is expected to witness the highest growth during the forecast period
Based on resin type, the polyester segment of the FRP grating marketis expected to witness the highest growth during the forecast period, owing to the increasing use of polyester resins in the marine, industrial, and water management end-use industries. Polyester resins have high strength and resistance to corrosion and a range of chemicals.
Based on Application:
- Stair treads
- Walkways
- Platforms
- Others
Based on End-use Industry:
- Industrial
- Water management
- Cooling towers
- Marine
- Others
The industrial segment is estimated to be the largest segment of the FRP grating market
FRP grating are increasingly being used in various industries, due to the low maintenance cost of these grating and their resistance to corrosion, water, and a range of chemicals. FRP grating are used in the oil & gas, paper & pulp, pharmaceutical, and food & beverage industries.
Based on Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- Latin America
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Asia-Pacific is expected to be the fastest-growing market for FRP grating during the forecast period
Asia-Pacific is expected to be the fastest-growing market for FRP grating, due to the presence of increasing industrialization in several countries in the region. China, India, and Japan are the major consumers of FRP grating in the region. The increasing use of FRP grating in various applications to ensure long-term durability and increase the service life of infrastructure is expected to drive the growth of the market in Asia-Pacific.
FRP Grating Market Key Players
- Kemrock Industries & Exports Ltd. (India),
- Locker Group (Australia),
- Webforge (Australia)
- Ferro Tech International (UAE)
- Strongwell Corporation (U.S.),
- Techno Composites Domine GmbH (U.K.),
- McNichols Company (U.S.),
- Meiser GmbH (Germany),
- Bedford Reinforced Plastics (U.S.),
- AGC Matex Co. Ltd. (Japan),
- Kemrock Industries & Exports Ltd. (India),
- Eurograte Fiberglass Grating (Italy),
- Fibergrate Composite Structure (U.S.),
- Ferrotech International FZE (UAE),
- Exel Composites (Finland).
Table of Contents
1 Introduction (Page No. – 15)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Stakeholders
2 Research Methodology (Page No. – 19)
2.1 Research Data
Continued…
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