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Oct 14, 2024

FRP Grating Market Size, Share, Scope, Trends & Forecast 2029

The global FRP grating market is expected to grow at a 9.89% CAGR from 2022 to 2029. It is expected to reach above USD 578.9 million by 2029 from USD 247.7 million in 2020.

FRP grating is made of reinforcing fibers, thermosetting resins, and fiberglass. Light transmission, radar transparency, conductivity, and high dielectric strength are all advantages of fibre-reinforced plastic composites. FRP grating can survive adverse conditions for long periods without being harmed or damaged. FRP grinding is used in corrosive situations to save money on maintenance since it does not rust like steel grinding. It has a high load-bearing capacity, is easy to install and maintain, can be used for ventilation, and is durable enough to handle hard environments. Rapid industrialization in emerging nations is expected to increase demand for FRP grating in a variety of industries, including pulp and paper, oil and gas, and mining.

Industry participants are constantly investing in R&D to produce low-cost FRP grating products with qualities such as high strength, non-corrosiveness, water and chemical resistance, and thermal and electrical insulation. Strongwell Corporation produces Duragrate molded grating for industrial applications as well as subflooring of rooftop spaces and busy suspension bridges in the United States. Because of its outstanding properties, the fiber-reinforced plastic grating is utilized in a variety of sectors including petrochemicals, refineries, ports, power plants, paper mills, waste & water treatment plants, maritime, and food processing. The FRP grating market will be driven by rising demand for FRP grating for walkways, platforms, and stairways. FRP grating is less expensive than carbon steel, stainless steel, and aluminum, which is one of the primary benefits for end users. Aside from industrial uses, residential applications are seeing an increase in demand for FRP grating.

Surging commercial and industrial building activity, mostly in the United States and Europe, has increased demand for grating flooring. Furthermore, the government is offering further incentives to the FRP industry to manufacture composite materials that will replace traditional materials such as steel, wood, aluminum, and concrete. Increased infrastructure investment, rising demand for FRP grating across various end-use industries, low life cycle cost of FRP gratings, and growing awareness of the benefits of FRP grating over conventional gratings are the key factors driving the growth of the fiber-reinforced plastic (FRP) grating market. For example, FRP grating is 30% lighter than aluminum grating and 75% lighter than steel grating, making it an ideal material for applications such as stair treads, walkways, and platforms that require lightweight gratings.

Furthermore, the fact that FRP gratings are resistant to corrosion from metal salts and acids gives them an advantage over conventional grating materials in end-use sectors where these chemicals are employed. This is projected to further fuel market growth throughout the forecast period. The high cost of disposal and recyclability of fiber-reinforced plastic (FRP) grating, on the other hand, is a hurdle that is likely to hinder market expansion throughout the projection period. The growing demand for fiberglass reinforced plastic (FRP) gratings over iron and steel gratings, as well as the growing need for sustainable and environmentally friendly goods, is driving the market growth rate. The beneficial properties of these fiberglass-reinforced plastics, such as low life cycle cost, high durability, high strength, fatigue resistance, high production cost, and low maintenance cost, are expected to cushion the growth of the fiberglass-reinforced plastic (FRP) grating market during the forecast period.

In 2020, many countries faced strict lockdowns due to the COVID-19 pandemic. These lockdowns have resulted in the partial or complete shutdown of manufacturing facilities. The shutdown of manufacturing facilities had a major impact on the consumption of materials. This led to reduced transportation resulting in a slowing down of updating the railway system. However, with the ease of lockdown manufacturing sector is expected to return to its normal growth. The global FRP grating market is crowded with established players. These players have a commanding say in the market. The technology used in the FRP grating market is proprietary and needs long-term research and development planning implemented efficiently.

On the basis of type, the FRP grating market is segmented into molded and pultruded. Due to its high stiffness, corrosion resistance, and better strength, the pultruded grating is expected to increase at a faster rate in the future years.

Based on application, the FRP grating market is divided into stair treads, walkways, and platforms. Contractors, architects, and construction organizations are progressively using FRP grating for useful and functional applications such as pathways, flooring, ceilings, and platforms. These gratings are lightweight, easy to install, and need little maintenance. The use of resins or glass fiber can improve the performance of FRP grating. Depending on the application, FRP grating is used with various resins to display different qualities and improve the performance of a product. Polyester is a resin that is commonly utilized in the production of lightweight and high-strength FRP grating.

From large companies to small ones, many companies are actively working in the FRP grating market. These key players include Strongwell Corporation, Techno Composites Domine GmbH, McNichols Company, Meiser GmbH, Bedford Reinforced Plastics, AGC Matex Co. Ltd., Kemrock Industries & Exports Ltd., Eurograte Fiberglass Grating, Ferrotech International FZE, Exel Composites and others.

Companies are mainly in FRP grating they are competing closely with each other. Innovation is one of the most important key strategies as it has to be for any market. However, companies in the market have also opted for and successfully driven inorganic growth strategies like mergers & acquisitions, and so on.

The FRP grating market by region includes Asia-Pacific (APAC), North America, Europe, Middle East & Africa (MEA), and South America.

Its major share is occupied by Asia Pacific, North America, Middle East & Africa (MEA), and Europe. Asia Pacific shares 39% of the total market. The factors contributing to the region’s market growth include the increasing number of FRP grating production plants and the rapid usage of FRP grating. The market in the region is expanding as a result of increased foreign investment due to low labor costs and the availability of raw resources.

FRP Grating Market by Type, 2020-2029, (USD Millions)

FRP Grating Market by Application, 2020-2029, (USD Millions)

FRP Grating Market by Region, 2020-2029, (USD Millions)

Important Countries in All Regions Are Covered.

8.1. Strongwell Corporation

8.2. Techno Composites Domine GmbH

8.3. McNichols Company

8.4. Meiser GmbH

8.5. Bedford Reinforced Plastics

8.6. AGC Matex Co. Ltd.

8.7. Kemrock Industries & Exports Ltd.

8.8. Eurograte Fiberglass Grating

8.9. Ferrotech International FZE

8.10. Exel Composites *The Company List Is Indicative

TABLE 1 GLOBAL FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 2 GLOBAL FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 3 GLOBAL FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 4 GLOBAL FRP GRATING MARKET BY REGION (USD MILLIONS) 2020-2029

TABLE 5 US FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 6 US FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 7 US FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 8 CANADA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 9 CANADA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 10 CANADA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 11 MEXICO FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 12 MEXICO FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 13 MEXICO FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 14 BRAZIL FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 15 BRAZIL FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 16 BRAZIL FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 17 ARGENTINA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 18 ARGENTINA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 19 ARGENTINA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 20 COLOMBIA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 21 COLOMBIA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 22 COLOMBIA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 23 REST OF SOUTH AMERICA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 24 REST OF SOUTH AMERICA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 25 REST OF SOUTH AMERICA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 26 INDIA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 27 INDIA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 28 INDIA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 29 CHINA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 30 CHINA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 31 CHINA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 32 JAPAN FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 33 JAPAN FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 34 JAPAN FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 35 SOUTH KOREA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 36 SOUTH KOREA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 37 SOUTH KOREA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 38 AUSTRALIA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 39 AUSTRALIA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 40 AUSTRALIA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 41 SOUTH-EAST ASIA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 42 SOUTH-EAST ASIA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 43 SOUTH-EAST ASIA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 44 REST OF ASIA PACIFIC FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 45 REST OF ASIA PACIFIC FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 46 REST OF ASIA PACIFIC FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 47 GERMANY FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 48 GERMANY FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 49 GERMANY FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 50 UK FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 51 UK FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 52 UK FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 53 FRANCE FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 54 FRANCE FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 55 FRANCE FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 56 ITALY FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 57 ITALY FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 58 ITALY FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 59 SPAIN FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 60 SPAIN FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 61 SPAIN FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 62 RUSSIA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 63 RUSSIA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 64 RUSSIA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 65 REST OF EUROPE FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 66 REST OF EUROPE FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 67 REST OF EUROPE FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 68 UAE FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 69 UAE FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 70 UAE FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 71 SAUDI ARABIA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 72 SAUDI ARABIA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 73 SAUDI ARABIA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 74 SOUTH AFRICA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 75 SOUTH AFRICA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 76 SOUTH AFRICA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

TABLE 77 REST OF MIDDLE EAST AND AFRICA FRP GRATING MARKET BY FABRIC MATERIAL (USD MILLIONS) 2020-2029

TABLE 78 REST OF MIDDLE EAST AND AFRICA FRP GRATING MARKET BY FILTER MEDIA (USD MILLIONS) 2020-2029

TABLE 79 REST OF MIDDLE EAST AND AFRICA FRP GRATING MARKET BY END USER (USD MILLIONS) 2020-2029

FIGURE 1 MARKET DYNAMICS

FIGURE 2 MARKET SEGMENTATION

FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4 DATA TRIANGULATION

FIGURE 5 BOTTOM-UP APPROACH

FIGURE 6 TOP-DOWN APPROACH

FIGURE 7 RESEARCH FLOW

FIGURE 8 GLOBAL FRP GRATING MARKET BY TYPE, USD MILLION, 2020-2029

FIGURE 9 GLOBAL FRP GRATING MARKET BY APPLICATION, USD MILLION, 2020-2029

FIGURE 10 GLOBAL FRP GRATING MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 11 PORTER’S FIVE FORCES MODEL

FIGURE 12 FRP GRATING MARKET BY REGION 2020

FIGURE 13 MARKET SHARE ANALYSIS

FIGURE 14 STRONGWELL CORPORATION: COMPANY SNAPSHOT

FIGURE 15 TECHNO COMPOSITES DOMINE GMBH: COMPANY SNAPSHOT

FIGURE 16 MCNICHOLS COMPANY: COMPANY SNAPSHOT

FIGURE 17 MEISER GMBH: COMPANY SNAPSHOT

FIGURE 18 BEDFORD REINFORCED PLASTICS: COMPANY SNAPSHOT

FIGURE 19 AGC MATEX CO. LTD.: COMPANY SNAPSHOT

FIGURE 20 KEMROCK INDUSTRIES & EXPORTS LTD.: COMPANY SNAPSHOT

FIGURE 21 EUROGRATE FIBERGLASS GRATING: COMPANY SNAPSHOT

FIGURE 22 FERROTECH INTERNATIONAL FZE: COMPANY SNAPSHOT

FIGURE 23 EXEL COMPOSITES: COMPANY SNAPSHOT

Increased demand for FRP grating for walkways will fuel considerable market expansion.

The global FRP grating market registered a CAGR of 9.89% from 2022 to 2029.

Key players profiled in the report include Strongwell Corporation, Techno Composites Domine GmbH, McNichols Company, Meiser GmbH, Bedford Reinforced Plastics, AGC Matex Co. Ltd., Kemrock Industries & Exports Ltd., Eurograte Fiberglass Grating, Ferrotech International FZE, Exel Composites.

AsIa Pacific holds the largest regional market for the FRP Grating market.

Stringent government rules will limit market growth.

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INTERESTED IN THIS RESEARCH?FRP Grating Market OverviewThe global FRP grating market is expected to grow at a 9.89% CAGR from 2022 to 2029. It is expected to reach above USD 578.9 million by 2029 from USD 247.7 million in 2020.ATTRIBUTEDETAILSStudy periodBase yearEstimated yearForecasted yearHistorical periodUnitSegmentationBy Type By Application By Region Strongwell Corporation, Techno Composites Domine GmbH, McNichols Company, Meiser GmbH, Bedford Reinforced Plastics, AGC Matex Co. Ltd., Kemrock Industries & Exports Ltd., Eurograte Fiberglass Grating, Ferrotech International FZE, Exel Composites and others.IntroductionResearch MethodologyExecutive SummaryMarket OverviewGlobal FRP Grating Market by Type, (USD Million)Global FRP Grating Market by Application, (USD Million)Global FRP Grating Market by Region, (USD Million)Company Profiles
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