FRP Grating Market Size
| 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
*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 Market Trends
This section covers the major market trends shaping the FRP Grating Market according to our research experts:
Pultruded Segment to be the Largest Segment for FRP Grating Market
- Pultruded grating is made by pulling and molding the fiberglass and pitch into cross rods and bars with either an 'I' or 'T' profile. The bars are joined utilizing cross rods opposite to the bars. The closer together the bars are, the more grounded the grating. Pultruded gratings can be utilized in longer spans.
- Pultruded gratings are high quality pultruded bar grating solely made that can be utilized like customary metal grates or fiberglass molded grating yet offers the characteristic advantages of pultrusion. It is a perfect swap for steel, aluminum, or molded fiberglass gratings.
- Pultruded grating is also used in the pulp and paper industry. The market estimation of paper and pulp all around the world is expected to encounter an expansion in the five-year time frame between 2019 and 2024, from about USD 63.3 billion to USD 79.6 billion by 2024.
- All the aforementioned factors are expected to drive the FRP grating market during the forecast period.
Asia-Pacific to Dominate FRP Grating Market
- Asia-Pacific region holds a prominent share in the FRP grating market globally and is expected to dominate the market during the period of forecast.
- FRP Grating demand from construction industry is surging owing to the many benefits offered like corrosion resistance, low conductivity, fire retardance, lightweight, high strength and so on.
- By 2020, Asia-Pacific is anticipated to lead the construction spending representing almost 46% of the share across the globe with nations like China, India, Indonesia making a significant commitment to the business.
- Asia-Pacific wastewater treatment market size is projected to be USD 2.6 billion in 2019 and is foreseen to arrive at an estimation of USD 3.6 billion by 2024.
- Total oil demand from the region in 2019 is estimated to be 35.8 million barrels per day and it is anticipated to increase to 36.7 million barrels per day in 2020.
- India's total oil refining capacity in 2019 was around 238.60 million tons, which is the second-largest in the Asia-Pacific region. Out of this total oil refining capacity, about 35.36% is processed by privately-owned companies.
- Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast period.
FRP Grating Industry Overview
The market for frp grating is partially fragmented. Some of the players in the market include Bedford Reinforced Plastics, STRONGWELL CORPORATION, FERROTECH INTERNATIONAL FZE, SEASAFE, INC., and Fibergrate Composite Structures, Inc.
FRP Grating Market Leaders
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Bedford Reinforced Plastics
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STRONGWELL CORPORATION
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FERROTECH INTERNATIONAL FZE
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SEASAFE, INC.
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Fibergrate Composite Structures, Inc.
*Disclaimer: Major Players sorted in no particular order
FRP Grating Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand for FRP Gratings over Iron and Steel Gratings
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Sudden Impact of COVID-19 Outbreak
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4.2.2 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Polyester
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5.1.2 Vinyl Ester
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5.1.3 Phenolic
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5.1.4 Epoxy
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5.2 Manufacturing Process
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5.2.1 Pultruded
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5.2.2 Molded
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5.3 Application
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5.3.1 Stair Treads
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5.3.2 Walkways
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5.3.3 Platforms
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5.3.4 Floor Systems
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5.4 End-User
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5.4.1 Oil & Gas
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5.4.2 Plant & Chemical Processing
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5.4.3 Waste & Water Treatment
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5.4.4 Pulp & Paper
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5.4.5 Construction
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5.4.6 Others
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5.5 Geography
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5.5.1 Asia-Pacific
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5.5.1.1 China
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5.5.1.2 India
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5.5.1.3 Japan
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5.5.1.4 South Korea
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5.5.1.5 Rest of Asia-Pacific
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5.5.2 North America
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5.5.2.1 United States
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5.5.2.2 Canada
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5.5.2.3 Mexico
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5.5.3 Europe
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5.5.3.1 Germany
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5.5.3.2 United Kingdom
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5.5.3.3 France
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5.5.3.4 Italy
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5.5.3.5 Rest of Europe
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5.5.4 South America
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5.5.4.1 Brazil
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5.5.4.2 Argentina
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5.5.4.3 Rest of South America
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5.5.5 Middle-East and Africa
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5.5.5.1 Saudi Arabia
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5.5.5.2 South Africa
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5.5.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 AGC MATEX CO.,LTD
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6.4.2 Bedford Reinforced Plastics
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6.4.3 Daikure Co., Ltd.
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6.4.4 Eurograte
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6.4.5 Exel Composites
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6.4.6 FASTEC INTERNATIONAL
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6.4.7 FERROTECH INTERNATIONAL FZE
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6.4.8 Fibergrate Composite Structures, Inc.
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6.4.9 Gebrüder MEISER GmbH
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6.4.10 SEASAFE, INC.
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6.4.11 STRONGWELL CORPORATION
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6.4.12 Techno-Composites Domine GmbH
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6.4.13 Valmont Industries, Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 | |||||||
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FRP Grating Market Research FAQs
What is the current FRP Grating Market size?
The FRP Grating Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in FRP Grating Market?
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.
Which is the fastest growing region in FRP Grating Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in FRP Grating Market?
In 2024, the Asia Pacific accounts for the largest market share in FRP Grating Market.
What years does this FRP Grating Market cover?
The report covers the FRP Grating Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the FRP Grating Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
FRP Grating Industry Report
Statistics for the 2024 FRP Grating market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. FRP Grating analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
FRP Grating Market Report Snapshots
