What is Global FRP Grating Market?
The Global FRP Grating Market is a vast and dynamic sector that encompasses a wide range of products and applications. FRP, or Fiberglass Reinforced Plastic, grating is a type of flooring material that is made from fiberglass and is used in a variety of industrial applications. This market is global in nature, meaning it involves the production, distribution, and sale of these products on an international scale. The market is driven by a variety of factors, including the increasing demand for durable, lightweight, and corrosion-resistant materials in various industries. However, the market also faces certain challenges, such as the high cost of raw materials and the need for specialized manufacturing processes. Despite these challenges, the Global FRP Grating Market continues to grow and evolve, offering numerous opportunities for businesses and investors alike.
Molded FRP Grating, Pultruded FRP Grating in the Global FRP Grating Market:
The Global FRP Grating Market is divided into two main product types: Molded FRP Grating and Pultruded FRP Grating. Molded FRP Grating is made by interweaving continuous glass fibers with thermosetting resin, creating a product that is strong, durable, and resistant to corrosion. This type of grating is commonly used in industrial settings where durability and resistance to harsh conditions are paramount. On the other hand, Pultruded FRP Grating is made by pulling glass fibers through a resin bath and then through a heated die, creating a product that is lightweight, yet strong and durable. This type of grating is often used in applications where weight is a concern, such as in the aerospace and automotive industries. Both types of grating offer unique advantages and are used in a variety of applications, contributing to the overall growth and diversity of the Global FRP Grating Market.
Stair Treads, Platforms, Covers, Others in the Global FRP Grating Market:
The Global FRP Grating Market finds its usage in a variety of areas, including Stair Treads, Platforms, Covers, and Others. Stair Treads made from FRP grating are durable, slip-resistant, and easy to install, making them a popular choice for industrial and commercial applications. Platforms made from FRP grating are lightweight, yet strong and durable, making them ideal for use in a variety of industries, including construction, manufacturing, and transportation. Covers made from FRP grating are resistant to corrosion and weathering, making them suitable for use in harsh outdoor environments. Other applications of FRP grating include walkways, ramps, and drainage covers, among others. The versatility and durability of FRP grating make it a popular choice in a wide range of applications, driving the growth of the Global FRP Grating Market.
Global FRP Grating Market Outlook:
To provide a snapshot of the Global FRP Grating Market, in 2022, the market was valued at US$ 1058 million. It is projected to reach a value of US$ 1377.9 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2029. This growth is largely driven by the increasing demand for durable, lightweight, and corrosion-resistant materials in various industries. The market is dominated by the top five manufacturers, who collectively hold a market share of over 55%. In terms of product types, Molded FRP Grating is the largest segment, accounting for over 70% of the market. This dominance can be attributed to the product's strength, durability, and resistance to corrosion, making it a popular choice in a variety of industrial applications.
| Report Metric | Details |
| Report Name | FRP Grating Market |
| Accounted market size in 2022 | US$ 1058 in million |
| Forecasted market size in 2029 | US$ 1377.9 million |
| CAGR | 3.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | MEISER, Lionweld Kennedy, Fibrolux, Techno-Composites, Fiber Grage, Bedford, Liberty Pultrusions, Amico Seasafe, Strongwell, National Grating, Delta Composites LLC, Mcnichols, Daikure, AGC Matex, ChinaGrate, Jiangyin Runlin, iGRID, HIGOAL, Hebei Tingqi, Indiana Group, Kemrock, Locker Group, Ferro Grate |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
