Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Fiber-Reinforced Plastic (FRP) Grating market is characterized by dynamic factors that influence the production, demand, and applications of these high-performance materials widely used in industrial and commercial settings. FRP grating, composed of reinforced plastic fibers such as fiberglass, offers superior strength, corrosion resistance, and durability. The market dynamics are intricately linked to factors such as industrial growth, infrastructure development, and the increasing preference for lightweight, corrosion-resistant materials.
One of the key drivers of the FRP Grating market is the demand from industries requiring durable, corrosion-resistant flooring solutions. FRP gratings find applications in chemical processing plants, oil and gas facilities, water treatment plants, and marine environments where exposure to corrosive substances and harsh conditions is prevalent. The use of FRP gratings in these settings helps enhance safety, reduce maintenance costs, and improve the longevity of flooring systems.
The construction and infrastructure sector represents a significant influencer of the FRP Grating market dynamics. FRP gratings are used in construction projects for applications such as walkways, platforms, and bridges. The lightweight nature of FRP gratings facilitates easier installation and transportation while providing high load-bearing capacity. As infrastructure projects continue to grow globally, the demand for corrosion-resistant and durable materials like FRP gratings increases.
The offshore and marine industry is another major contributor to the FRP Grating market. The marine environment poses significant challenges, including saltwater corrosion and harsh weather conditions. FRP gratings, with their corrosion resistance and non-slip properties, are widely adopted for marine applications such as ship decks, docks, and offshore platforms. The demand for FRP gratings in the marine industry is driven by the need for materials that can withstand harsh marine environments.
Supply dynamics in the FRP Grating market are influenced by factors such as the availability and cost of raw materials, including fiberglass and resins. The production processes for FRP gratings, such as pultrusion and molding, impact the overall supply chain dynamics. Additionally, advancements in raw material processing and sourcing impact the availability and cost-effectiveness of FRP gratings.
Global trade dynamics play a significant role in the FRP Grating market, with many countries involved in both the production and consumption of FRP-based products. Trade agreements, tariffs, and regional economic conditions can impact the flow of FRP gratings across borders. The market is also influenced by competition among manufacturers to develop innovative FRP grating products with enhanced properties.
Environmental considerations and sustainability initiatives are increasingly shaping the market dynamics of FRP gratings. As industries and consumers prioritize eco-friendly practices, the demand for FRP gratings made from recycled materials or those with low environmental impact is growing. Companies in the FRP Grating market are responding to these concerns by adopting sustainable manufacturing practices and developing environmentally friendly FRP products.
Price volatility is a common factor in the FRP Grating market, driven by fluctuations in raw material prices, manufacturing costs, and market demand. Companies in this dynamic market must implement effective pricing strategies and risk management practices to navigate the uncertainties associated with price variations.
Technological advancements in FRP manufacturing contribute to the market dynamics, enabling the development of grating products with improved strength, resilience, and design flexibility. Innovations in resin formulations, fiber reinforcement techniques, and grating profiles continue to enhance the performance and versatility of FRP gratings, influencing their adoption in various industries.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|
Fiber-Reinforced Plastic Grating Market Highlights:
Fiber-Reinforced Plastic Grating Market Overview
According to MRFR analysis, the Fiber-Reinforced Plastic (FRP) Grating Market is projected to register a CAGR of 4.52% to reach USD 688.59 Million by the end of 2032.
Fiber-reinforced plastic (FRP) is a composite material fabricated by combining fiberglass and a matrix of resin. FRP grating offers properties such as corrosion resistance, high strength-to-weight ratio, UV resistance, minimal thermal expansion, low electrical & thermal conductivity, and anti-skid surface. These properties are expected to fuel the demand for these grating across various end-use industries such as building & construction, oil & gas, wastewater treatment, food & beverage, and chemical processing.
The key factors favoring the growth of the fiber-reinforced plastic (FRP) grating market are increasing investments in the infrastructure sector, rising demand for FRP grating across various end-use industries, low life cycle cost of FRP gratings, and growing awareness regarding the advantages of FRP grating over conventional gratings. For instance, FRP grating weighs 30% lighter than aluminum grating and 75% than steel grating, thus making it a material of choice for applications such as stair treads, walkways, and platforms, where lightweight gratings are preferred.
Moreover, FRP gratings being impervious to corrosion from metal salts and acids give them an upper hand over conventional grating materials in end-use industries, where these chemicals are used. This is further expected to boost the market growth during the forecast period.
However, the high cost associated with the disposal and recyclability of fiber-reinforced plastic (FRP) grating is a challenge and is expected to hinder the market growth during the forecast period.
Regulatory Analysis
The stringent regulations set by government bodies for the disposal of conventional grating materials is compelling manufacturers to adopt polymeric composite grating materials, which is expected to boost the market growth during the forecast. Aluminum waste or aluminum production waste can be considered hazardous according to the Environmental Protection Agency (EPA) standards EPA 40 CFR Sec. 261.23, for ‘it reacts violently with water’; EPA 40 CFR Sec. 261.21; European Standards –EN ISO 14129, for ’determination of the in-plane shear stress/shear strain response’; The International Organization for Standardization – ISO 22088, for ‘determination of resistance to environmental stress cracking’.
Key Players
- Strongwell Corporation (US) — DURAGRATE
- Gebrüder Meiser GmbH (Germany) — I-Bar
- Bedford Reinforced Plastics (US) — PROgrate
- AGC Matex Co. Ltd. (Japan) — GS type grating
- Euro grade Fiberglass Grating (Italy) — EUROGRATE
- Ferrotech International FZE (UAE)
- LOCKERGROUP — Vinyl Ester ‘V’ Yellow Fibreglass Grating
- Fibergrate Composite Structures Inc. (US) — Safe-T-Span
- Techno Composites Domine GmbH (UK)
- Exel Composites (Finland)
- AMROCK (US)
- AIMS INTERNATIONAL (US)
Market Drivers
- Increasing investments in the infrastructure sector
- Growing demand for FRP grating across various end-use industries
- Low life cycle costs of FRP gratings
- Growing awareness regarding the advantages of FRP grating over conventional gratings
Market Restraints
- High cost associated with the disposal and recyclability of FRP gratings
Segmentation
By Material Type
- Vinyl Ester Resin: Vinyl ester resin held the largest market share in 2018. The growth is due to superior properties of vinyl ester resin such as durability and impact resistance over polyester resin.
- Polyester Resin: It held a significant share of the global fiber-reinforced plastic (FRP) market owing to its low cost and wide usage in end-use industries where gratings are prolonged exposure to water.
- Others
By Product Type
- Molded Fiberglass Gratings: They are easier to produce, and cost less as compared to pultruded fiberglass gratings. Moreover, these grating are corrosion resistant and non-conductive.
- Pultruded Fiberglass Gratings: They are light weighted gratings with high strength and resistant toward environmental changes. The major advantage of pultruded fiberglass grating is they can be tailored to fit a wide range of profiles.
By End-Use Industry
- Building and Construction:The segment held the largest share of the global FRP grating market, this growth is due to the consumption of FRP grating in applications such as rooftop solar panel walkway, sunscreens, fencings, and railings.
- Wastewater Treatment: The growing use of FRP grating in building tank structures & equipment access platforms, weir plates & scum baffles, and handrails for basins is expected to boost the growth of the global market.
- Chemical: FRP gratings are used in chemical facilities owing to their corrosion and slip resistance properties and less need for maintenance.
- Food & Beverages: In this segment, they are installed on the surface of stairs, handrails, and ladders for slip resistance.
- Oil & Gas: The increasing demand for FRP grating in the oil & gas industry in the fabrication of stairways, floating facilities, bridges, and catwalks is likely to boost the growth of the global market.
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Regional Analysis
- Asia-Pacific: The regional market held the largest share of the global fiber-reinforced plastic (FRP) grating market in 2018. The growth is attributed to the expanding building and construction industry coupled with increasing investments in the infrastructure sector supported by government agencies. For instance, in June 2018, the Asian Infrastructure Investment Bank (AIIB) announced a USD 200 million investment in the National Investment & Infrastructure Fund (NIIF).
- North America: The regional market held second-largest share in 2018. The increasing reconstruction activities is the major factor propelling the growth of the North American market. In addition, the increasing application of FRP gratings in the wastewater treatment industry for building elevated platforms & walkways is likely to boost the product demand in the regional market. For instance, in 2019, the “American Road & Transportation Builders Association (ARTBA)”, predicts the growth of the US construction market at a rate of 4.2%.
- Europe: With the presence of well-established oil & gas, chemical, and food & beverage industries, the demand for gratings is growing at a significant rate in the region. Moreover, the growing adoption of green materials in the building & construction industry is further expected to boost the growth of the global fiber-reinforced plastic (FRP) gratings market in the region.
- Middle East & Africa: The region is expected to witness positive growth owing to the increase in the usage of FRP gratings in the infrastructure sector for applications such as decking & docks, fair park fountain, and pool drainage covers.
- Latin America: The increasing construction activities in the region is expected to boost the market growth for FRP grating in the region.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
