Molded FRP (fiber-reinforced plastic) grating is slip-resistant, non-conductive, and fire-resistant, which increases its acceptance in workplaces and enables it to comply with safety rules. Due to its better qualities, molded FRP grating is replacing conventional materials, including steel, wood, and aluminum grating, which is causing market growth.
In-depth analyses of the market's size, trends, and potential are provided in our fiber-reinforced plastic (FRP) grating market research. This study carefully examines the main market drivers, obstacles, and their implications on market progress. Our report also includes information on the market shares of the top players and their primary competitive strategies, as well as a thorough analysis of the competitive environment.
You may utilize our research to identify prospective growth categories and make informed decisions. It offers details on the market's incredible opportunities and the best methods for maximizing them. Our research also assists you in identifying chances for growth and gaining comprehensive insight into the existing and future.
Market Size and Growth Prospects:
The global molded fiberglass reinforced plastic (FRP) grating market reached US$ 710.8 million in 2022 and is expected to reach US$ 998.2 million by 2030, growing with a CAGR of 4.4% during the forecast period 2023-2030. China has become a prominent FRP grating exporter, meeting the need on a worldwide scale.
The nation is a popular supplier of FRP grating goods in some countries, including North America, Europe, and Asia Pacific, because of its strong manufacturing sector and affordable prices. To encourage the use of FRP grating, the Chinese government has put in place a number of programs.
Market Analysis: FRP Grating Market Drivers
Extremely lightweight with a high strength-to-weight ratio:
FRP grating's small weight lowers shipping costs and makes installation easier, which results in cost savings for end users.
In the construction of bridges, for instance, the lightweight characteristics of FRP grating allow for simpler handling and installation while maintaining structural integrity and load-bearing capacity. This benefit has led to the use of FRP grating in bridge deck applications, thereby fostering its market growth.
Market key players:
These businesses concentrate on product innovation, quality control, marketing tactics, and distribution network growth to keep a competitive advantage in the market. Players often use partnerships, collaborations, mergers, and acquisitions to improve their market positions.
Top key players of the global molded fiberglass reinforced plastic (FRP) grating market:
- STRONGWELL CORPORATION
- tc-domine
- Gebrüder Meiser GmbH
DataM Intelligence’s report on the global FRP (fiber-reinforced plastic) grating market provides insights into the key drivers, challenges, top trends, and opportunities in the market. It also provides you with a geographical analysis and competitive landscape, which will paint a clear picture of the current market scenario.
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