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FRP Grating Market Size (2024 - 2029)

The FRP grating market is projected to experience growth driven by the increasing preference for FRP gratings over traditional materials like iron and steel, attributed to their superior properties such as high strength, lightweight, and corrosion resistance. Despite potential challenges posed by the COVID-19 pandemic, the market is expected to expand, with pultruded FRP grating anticipated to lead the market. The Asia-Pacific region is predicted to hold the largest market share during the forecast period.

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Market Size of FRP Grating Industry

FRP Grating Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

FRP Grating Market Major Players

*Disclaimer: Major Players sorted in no particular order

FRP Grating Market Analysis

The market for FRP grating is expected to grow at a CAGR of 4% during the forecast period. The major factor driving the growth is the increasing demand for the FRP gratings over traditional iron and steel gratings due to its advantages like high strength, lightweight, corrosion resistance, etc. On the flip-side, the sudden outbreak of the COVID-19 is expected to impact the growth of the market in years to follow.

  • Pultruded FRP Grating is anticipated to dominate the overall market during the forecast timeline.
  • Asia-Pacific region is expected to be the largest market for the FRP grating market during the period of forecast.

FRP Grating Industry Segmentation

The FRP Grating Market report includes:

Type
Polyester
Vinyl Ester
Phenolic
Epoxy
Manufacturing Process
Pultruded
Molded
Application
Stair Treads
Walkways
Platforms
Floor Systems
End-User
Oil & Gas
Plant & Chemical Processing
Waste & Water Treatment
Pulp & Paper
Construction
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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FRP Grating Market Size Summary

The FRP grating market is poised for growth, driven by the increasing preference for FRP gratings over traditional materials like iron and steel. This shift is attributed to the superior properties of FRP, such as high strength, lightweight, and corrosion resistance. Despite the positive outlook, the market faces challenges due to the lingering effects of the COVID-19 pandemic. Pultruded FRP grating is expected to lead the market, offering advantages like longer spans and enhanced durability, making it a suitable alternative to steel and aluminum gratings. The pulp and paper industry also contributes to the demand for pultruded gratings, further bolstering market growth.

The Asia-Pacific region is anticipated to be the largest market for FRP grating, driven by robust construction activities and increasing demand from various industries. The region's construction sector is experiencing significant growth, with countries like China, India, and Indonesia playing pivotal roles. Additionally, the region's expanding wastewater treatment and oil refining capacities contribute to the rising demand for FRP gratings. The market is characterized by partial fragmentation, with key players including Bedford Reinforced Plastics, STRONGWELL CORPORATION, and Fibergrate Composite Structures, Inc., among others, competing for market share.

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FRP Grating Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for FRP Gratings over Iron and Steel Gratings

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Sudden Impact of COVID-19 Outbreak

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Polyester

      2. 2.1.2 Vinyl Ester

      3. 2.1.3 Phenolic

      4. 2.1.4 Epoxy

    2. 2.2 Manufacturing Process

      1. 2.2.1 Pultruded

      2. 2.2.2 Molded

    3. 2.3 Application

      1. 2.3.1 Stair Treads

      2. 2.3.2 Walkways

      3. 2.3.3 Platforms

      4. 2.3.4 Floor Systems

    4. 2.4 End-User

      1. 2.4.1 Oil & Gas

      2. 2.4.2 Plant & Chemical Processing

      3. 2.4.3 Waste & Water Treatment

      4. 2.4.4 Pulp & Paper

      5. 2.4.5 Construction

      6. 2.4.6 Others

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 India

        3. 2.5.1.3 Japan

        4. 2.5.1.4 South Korea

        5. 2.5.1.5 Rest of Asia-Pacific

      2. 2.5.2 North America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 France

        4. 2.5.3.4 Italy

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Middle-East and Africa

        1. 2.5.5.1 Saudi Arabia

        2. 2.5.5.2 South Africa

        3. 2.5.5.3 Rest of Middle-East and Africa

FRP Grating Market Size FAQs

The FRP Grating Market is projected to register a CAGR of 4% during the forecast period (2024-2029)

Bedford Reinforced Plastics, STRONGWELL CORPORATION, FERROTECH INTERNATIONAL FZE, SEASAFE, INC. and Fibergrate Composite Structures, Inc. are the major companies operating in the FRP Grating Market.

FRP Grating Market Report Snapshots

FRP Grating Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)