Global Molded Fibreglass Reinforced Plastic (FRP) Grating Market - 2023-2030
Global Molded Fibreglass Reinforced Plastic (FRP) Grating Market reached US$ 710.8 million in 2022 and is expected to reach US$ 998.2 mllion by 2030, growing with a CAGR of 4.4% during the forecast period 2023-2030.
Molded FRP grating is highly sought after due to its excellent corrosion resistance, especially in industries exposed to harsh environments, such as chemicals and offshore oil and gas. The construction industry plays a significant role in the demand for molded FRP grating, as it is used in applications like walkways, platforms and trenches in industrial facilities and public infrastructure projects.
Europe has made significant contributions to the global molded fiberglass reinforced plastic (FRP) grating market. The region's focus on sustainability, stringent regulations and technological advancements have driven the demand for FRP grating. Europe has implemented stringent regulations and standards to ensure safety, environmental protection and worker welfare.
These regulations often require the use of corrosion-resistant materials like FRP grating in various industries. The adherence to these regulations has boosted the demand for FRP grating across sectors such as oil and gas, chemical processing, water and wastewater treatment and construction. Therefore, Europe accounts for nearly 1/3rd of the global share.
Market Dynamics
Lightweight and High Strength-to-Weight Ratio
Lightweight FRP grating aligns with the growing emphasis on energy efficiency and sustainability. Reduced structural weight in applications like walkways, platforms and roofs contributes to energy savings. In recent years, there has been an increasing awareness of the environmental benefits of lightweight materials like FRP grating, driving its adoption and market growth.
The use of FRP grating in aircraft interiors and structures helps reduce overall weight, leading to improved fuel efficiency and performance. This sector's demand for lightweight, strong and durable materials has contributed to the growth of FRP grating.
Durability and Low Maintenance
The inherent corrosion resistance of FRP grating eliminates the need for anti-corrosion coatings or treatments, which are required for materials like steel or aluminum. This saves both time and money in terms of ongoing maintenance and surface preparation. Recent developments have focused on enhancing the corrosion resistance properties of FRP grating through improved resin formulations and fiber reinforcements. Such developments have increased the adoption of FRP grating, particularly in industries exposed to corrosive environments, contributing to market growth.
FRP grating's durability and low maintenance contribute to improved safety and compliance with regulatory standards. The long-lasting performance and reduced maintenance needs of FRP grating help ensure a safe working environment by minimizing the risk of accidents associated with deteriorating or damaged grating. Recent developments have focused on enhancing safety features such as improved slip resistance, fire retardancy and anti-static properties. These developments align with stringent safety regulations and promote the adoption of FRP grating in various industries, driving market growth.
Limited Awareness and Familiarity
The FRP grating market might face limited exposure and outreach efforts, resulting in a lack of information dissemination to end-users. If manufacturers and suppliers of FRP grating do not actively promote the benefits and applications of the product, potential customers may remain unaware of its existence or its suitability for their needs. This limited exposure hampers market growth as potential users may not consider FRP grating as a viable option.
Limited awareness of successful case studies and industry references that highlight the positive experiences and benefits of FRP grating can hinder its market growth. Without tangible examples and references, potential customers may have reservations about adopting FRP grating, as they may perceive it as an untested or unproven solution. The availability of case studies and references demonstrating successful implementations can help build confidence and overcome the barrier of limited awareness.
COVID-19 Impact Analysis
The construction and infrastructure sectors, which are major consumers of FRP grating, experienced slowdowns or temporary halts due to the pandemic. Lockdown measures, social distancing protocols and reduced investment in new projects impacted construction activities globally. This decline in construction and infrastructure projects had a direct impact on the demand for FRP grating.
Many industries postponed non-essential maintenance and retrofitting projects during the pandemic to prioritize safety and conserve resources. This postponement affected the demand for FRP grating, particularly in industries such as oil and gas, chemical processing and transportation, where maintenance activities often require the use of grating materials.
Segment Analysis
The global molded fibreglass reinforced plastic (FRP) grating market is segmented based on process, resin, application, end-user and region.
Molded FRP Grating Segment Leading the Global Market with Versatility and Durability
The molded FRP grating segment is known for its excellent corrosion resistance, high strength-to-weight ratio and durability. It is commonly used in industries such as oil and gas, chemical processing, wastewater treatment and marine, among others. While the pultruded FRP grating segment also has its market share, the molded FRP grating segment generally dominates the overall market. Therefore, the molded FRP grating segment is expected to grow at a highest CAGR during the forecasted period.
Geographical Analysis
Robust Industrial Demand in U.S. Drives the North American Molded Fibreglass Reinforced Plastic (FRP) Grating Market
U.S. has a diverse industrial base that includes sectors such as oil and gas, chemical processing, water and wastewater treatment, transportation and construction. These industries have a high demand for corrosion-resistant, lightweight and durable grating solutions, making FRP grating a preferred choice. U.S. manufacturers have responded to this demand by providing a wide range of FRP grating products tailored to specific industry requirements.
Competitive Landscape
The major global players include STRONGWELL CORPORATION, tc-domine, Gebrüder Meiser GmbH, Bedford Reinforced Plastics, AGC Inc., Liberty Pultrusions, AIMS INTERNATIONAL, McNICHOLS CO., INC., Lionweld Kennedy Flooring Ltd, JiangYin RunLin Molding New Materials Co.,Ltd.
Why Purchase the Report?
• To visualize the global molded fibreglass reinforced plastic (FRP) grating market segmentation based on process, resin, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of molded fibreglass reinforced plastic (FRP) grating market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global molded fibreglass reinforced plastic (FRP) grating market report would provide approximately 69 tables, 70 figures and 222 Pages.
Resin 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Process
- 3.2. Snippet by Resin
- 3.3. Snippet by Application
- 3.4. Snippet by End-User
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Lightweight and High Strength-to-Weight Ratio
- 4.1.1.2. Durability and Low Maintenance
- 4.1.2. Restraints
- 4.1.2.1. Limited Awareness and Familiarity
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Process
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 7.1.2. Market Attractiveness Index, By Process
- 7.2. Molded FRP Grating*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Pultruded FRP Grating
- 8. By Resin
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 8.1.2. Market Attractiveness Index, By Resin
- 8.2. Polyester Resin*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Vinyl Ester Resin
- 8.4. Phenolic Resin
- 8.5. Epoxy Resin
- 8.6. Polurethane Resin
- 9. By Application
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
- 9.2. Stair Treads*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Walkaways
- 9.4. Platforms
- 9.5. Others
- 10. By End-User
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
- 10.2. Industrial*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Transportation
- 10.4. Water Management
- 10.5. Marine
- 10.6. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Russia
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Process
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Resin
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. STRONGWELL CORPORATION*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Recent Developments
- 13.2. tc-domine
- 13.3. Gebrüder Meiser GmbH
- 13.4. Bedford Reinforced Plastics
- 13.5. AGC Inc.
- 13.6. Liberty Pultrusions
- 13.7. AIMS INTERNATIONAL
- 13.8. McNICHOLS CO., INC.
- 13.9. Lionweld Kennedy Flooring Ltd
- 13.10. JiangYin RunLin Molding New Materials Co.,Ltd
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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