Molded FRP Grating Market Size And Forecast by 2031
Data Bridge Market Research analyses that the molded FRP grating market, which was USD 1,705 million in 2022, is expected to reach USD 2,738.09 million by 2030, growing at a CAGR of 6.0% during the forecast period of 2023 to 2030.. Molded FRP Grating Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Molded FRP Grating Market Segmentation Analysis
Global Molded FRP Grating Market, By Grating Height (10-30MM, 31-50MM, Above 50MM), Application (Walkways, Docks, Handrails, Walls, Others), Type (Polyester, Vinyl ester, Phenolic, Epoxy, Polyurethanes, Stair Treads, Platforms, Others), Product Type (Angles, Square, Flat Strip, I Beams, U Channel, Round Tube, Wide Flange Beams, Trench Covers, Solid Rods, Fluted Tubes/Ladder Rung, Kick Plate/Toe Plate, Others), Technology (Compression Molding, Cold Press Molding, Vacuum Molding, Foam Molding, Others), End User (Petrochemicals, Pulp and paper, Building and Construction, Food and Beverages, Mining, Pharmaceutical, Oil and Gas, Electrical and Electronics, Water Management, Marine, Defiance, Sports and Leisure, Others) - Industry Trends and Forecast to 2023 to 2030.
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Which are the top companies operating in the Molded FRP Grating Market?
The “Global Molded FRP Grating Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Molded FRP Grating Market extension. This Molded FRP Grating Market report provides the information of the Top 10 Companies in Molded FRP Grating Market in the market their business strategy, financial situation etc.
**Segments**
- By Resin Type: Polyester, Vinyl Ester, Phenolic
- By Application: Walkways, Platforms, Stair Treads, Ramps, Others
- By End-Use Industry: Industrial, Water Management, Chemical Plants, Oil & Gas, Others
- By Region: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Fiber reinforced plastic (FRP) grating is a type of composite material made from a polymer resin that is reinforced with fiber, typically fiberglass. The global molded FRP grating market is expected to witness significant growth during the forecast period of 2019-2029. One of the key factors driving this growth is the increasing demand for lightweight and durable materials in various industries. The market segmentation based on resin type includes polyester, vinyl ester, and phenolic. Polyester resin is widely used in molded FRP grating due to its cost-effectiveness and good mechanical properties. Vinyl ester resin offers high corrosion resistance, making it suitable for applications in harsh environments such as chemical plants and offshore platforms. Phenolic resin provides excellent fire resistance, making it ideal for applications where fire safety is a primary concern.
In terms of applications, molded FRP grating finds usage in walkways, platforms, stair treads, ramps, and other structural components. Walkways and platforms are the major applications driving the market growth, especially in industrial settings where corrosion-resistant flooring is required. Stair treads and ramps made from molded FRP grating offer anti-slip properties, making them ideal for safety-critical applications. The end-use industries for molded FRP grating include industrial, water management, chemical plants, oil & gas, and others. The industrial sector is the largest consumer of molded FRP grating, driven by the need for durable and maintenance-free flooring solutions in manufacturing facilities and warehouses. Water management applications, such as drainage systems and water treatment plants, also contribute to the market demand for moldedThe North American region holds a significant share in the global molded FRP grating market, driven by the strong presence of industries such as manufacturing, oil & gas, and water management. The stringent regulations pertaining to workplace safety and environmental protection in countries like the United States and copyright have propelled the demand for corrosion-resistant and durable materials like FRP grating. The European market is also witnessing growth, supported by the increasing adoption of FRP grating in various end-use industries and infrastructure projects. Countries like Germany, the UK, and France are key markets for molded FRP grating in Europe.
In the Asia-Pacific region, rapid industrialization and urbanization are driving the demand for molded FRP grating in countries such as China, India, and Japan. The expanding chemical, automotive, and construction sectors are creating opportunities for market growth in the region. Moreover, the increasing focus on infrastructure development and the implementation of stringent safety regulations are further boosting the adoption of FRP grating in the Asia-Pacific region. Latin America and the Middle East & Africa are also emerging markets for molded FRP grating, with growing investments in industrial and infrastructure projects driving the demand for corrosion-resistant and lightweight materials.
The industrial sector is a significant end-use industry for molded FRP grating, with applications in manufacturing facilities, warehouses, and processing plants. The need for durable, non-conductive, and slip-resistant flooring solutions in industrial settings is fueling the demand for FRP grating. Water management is another key end-use industry for molded FRP grating, as it is widely used in drainage systems, water treatment plants, and wastewater facilities. The corrosion-resistant properties of FRP grating make it ideal for applications in harsh chemical environments and outdoor settings, where traditional materials like steel or concrete may deteriorate.
The oil & gas industry is also a prominent consumer of molded FRP grating, particularly in offshore platforms, refineries, and chemical processing plants. The lightweight nature of FRP grating makes it**Market Players:**
- Fibergrate Composite Pvt. Ltd. (U.S.)
- Gebrüder MEISER GmbH. (Germany)
- Fibrolux GmbH (Germany)
- McNICHOLS CO. (U.S.)
- STRONGWELL CORPORATION (U.S.)
- Bedford Reinforced Plastics. (U.S.)
- American Grating (U.S.)
- Peabody Engineering LLC. (U.S.)
- Techno-Composites Domine GmbH (Germany)
- Liberty Pultrusions (U.S.)
- SEASAFE, Inc. (U.S.)
- National Grating (U.S.)
- Delta Composites, LLC (U.S.)
- AGC Inc. (Japan)
- Higoal (India)
- Hebei Mapel FRP Industry Co., Ltd (China)
- Suzhou Grating CO., Ltd. (China)
- Indiana Group. (India)
- Gardner Business Media, Inc. (U.S.)
- LOCKERGROUP (Australia)
**Market Analysis:**
The global molded FRP grating market is witnessing robust growth propelled by the increasing demand for lightweight, durable, and corrosion-resistant materials across various industries. The segmentation of the market based on resin type showcases the versatility of FRP gratings, with polyester, vinyl ester, and phenolic resins catering to specific requirements such as cost-effectiveness, corrosion resistance, and fire safety. The applications of molded FRP grating in walkways, platforms
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Overview of the Molded FRP Grating Market Research Report
The Molded FRP Grating Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.
Objectives of the Report
Conduct a comprehensive investigation to forecast the value and volume of the Molded FRP Grating Market.
Analyze and project market shares for major segments within the Molded FRP Grating Market.
Depict the evolving landscape of the Molded FRP Grating Market across global regions.
Examine and assess micro markets, their contributions, and growth potential within the Molded FRP Grating Market.
Provide accurate insights into the factors driving the growth of the Molded FRP Grating Market.
Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.
Market Overview
The study concentrates on the present state of the Molded FRP Grating Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.
Table of Contents:
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report DescriptionMarket Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...
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