What is FRP Grating?
FRP grating is a type of grating made from fiberglass reinforced plastic, also known as FRP. It is a strong, lightweight material that is commonly used in a variety of applications, including walkways, platforms, and stairways. FRP grating is known for its durability, corrosion resistance, and low maintenance requirements, making it an ideal material for use in harsh environments. It is also available in a range of colors, styles, and sizes to suit a variety of applications.
FRP Grating Market Scope
FRP Grating Market is projected to reach USD 574.2 Million by upcoming years, at a CAGR of 4.24%. The report FRP Grating Market by Resin Type (Polyester, Vinyl Ester, Phenolic), Process (Molded, Pultruded), Application (Stair Treads, Walkways, Platforms), End-use Industry (Industrial, Water Management, Cooling Towers, Marine), and Region. FRP grating is a type of fiberglass reinforced plastic grating. It is a strong and lightweight material that is commonly used in industrial and commercial applications, such as flooring, walkways, and platforms. The global FRP grating market is expected to grow in the coming years, driven by increasing demand from various end-use industries, such as oil and gas, water and wastewater treatment, and chemical processing. The market is also likely to be impacted by factors such as the rising demand for corrosion-resistant materials, the growing awareness about the benefits of FRP grating, and favorable government regulations and initiatives.
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The FRP Grating Market is driven by the increasing demand for corrosion-resistant and thermally stable materials in various industries. The need to replace steel/metal materials with lightweight and high strength materials is a key factor expected to drive the growth of the FRP Grating Market in the near future. FRP Grating are resistant to a range of chemicals, water, and corrosion, and are lightweight, due to which they are increasingly being used in stair treads, walkways, and platforms covers, among others.
Based on resin type, the polyester segment of the FRP Grating Market is expected to witness the highest growth during the forecast period
Based on resin type, the polyester segment of the FRP Grating Market is expected to witness the highest growth during the forecast period, owing to the increasing use of polyester resins in the marine, industrial, and water management end-use industries. Polyester resins have high strength and resistance to corrosion and a range of chemicals.
The industrial segment is estimated to be the largest segment of the FRP Grating Market in 2016
FRP Gratings are increasingly being used in various industries, due to the low maintenance cost of these gratings and their resistance to corrosion, water, and a range of chemicals. FRP Grating are used in the oil & gas, paper & pulp, pharmaceutical, and food & beverage industries.
Asia-Pacific is expected to be the fastest-growing market for FRP Grating during the forecast period
Asia-Pacific is expected to be the fastest-growing market for FRP Grating, due to the presence of increasing industrialization in several countries in the region. China, India, and Japan are the major consumers of FRP Grating in the region. The increasing use of FRP Grating in various applications to ensure long-term durability and increase the service life of infrastructure is expected to drive the growth of the market in Asia-Pacific.
Key players operational in the FRP Grating Market are Strongwell Corporation (U.S.), Techno Composites Domine GmbH (U.K.), McNichols Company (U.S.), Meiser GmbH (U.K.), Bedford Reinforced Plastics (U.S.), and AGC MAtex Co. Ltd. (Japan).
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Strongwell Corporation (U.S.) is one of the key manufacturers of FRP gratings and offers a wide range of GRP, FRP, and heavy duty FRP gratings. The company has successfully completed projects to install FRP gratings in various industries with the required specifications. Strongwell Corporation (U.S.) focuses on differentiated business models, proprietary technologies, and competitive cost structures to gain a competitive edge. In December 2015, the company installed DURAGRID HD-4000 2.5 grating panels as trench covers in the Utah State University (USU) Electric Vehicle and Roadway (EVR) research facility in Logan, Utah.
Fibrolux GmbH (Germany) is also a major manufacturer of FRP gratings. The company completed the modernization of its Kaliningrad wastewater treatment plant in 2014. Fibrolux replaced the existing dilapidated steel components with FRP during the restorations. The project comprised of manufacturing, supply, and installation of approximately 400 meters of FRP grating walkways, railings, and platforms.