Global Molded Fiberglass Reinforced Plastic (FRP) Grating Market is Segmented By Process (Molded FRP Grating, Pultruded FRP Grating), By Resin
(Polyester Resin, Vinyl Ester Resin, Phenolic Resin, Epoxy Resin, Polurethane Resin), By Application (Stair Treads, Walkaways, Platforms, Others), By End-User (Industrial, Transportation, Water Management, Marine, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Molded Fiberglass Reinforced Plastic (FRP) Grating Market Size
Global Molded Fibreglass Reinforced Plastic (FRP) Grating Market reached US$ 710.8 million in 2022 and is expected to reach US$ 998.2 million by 2031, growing with a CAGR of 4.4% during the forecast period 2024-2031.
Molded FRP grating offers slip resistance, non-conductivity and fire retardancy, making it compliant with safety regulations and increasing its adoption in workplaces. Traditional materials like steel, wood and aluminum grating are being replaced by molded FRP grating due to its superior properties, leading to market growth.
China has emerged as a significant exporter of FRP grating, catering to the global demand. The country's manufacturing capabilities and competitive pricing have made it a preferred source for FRP grating products in various regions, including North America, Europe and Asia Pacific. The Chinese government has implemented various initiatives to promote the use of FRP grating.
For instance, it has introduced regulations and standards for safety and environmental protection, encouraging the adoption of corrosion-resistant materials like FRP grating in industries. Additionally, policies supporting sustainable development and energy conservation have further boosted the market for FRP grating. Therefore, China accounted for nearby half of the regional shares and is expected to grow at a highest CAGR during the forecasted period.
Molded Fiberglass Reinforced Plastic (FRP) Grating Market Scope
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Metrics |
Details |
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CAGR |
4.4% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Process, Resin, Application, End-User and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Process Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Molded Fiberglass Reinforced Plastic (FRP) Grating Market Dynamics
Lightweight and High Strength-to-Weight Ratio
The lightweight nature of FRP grating reduces transportation costs and simplifies installation, leading to cost savings for end-users. For example, in a construction project, lighter FRP grating requires fewer resources and less time to install compared to heavier alternatives like steel grating. These cost savings and installation efficiencies contribute to the market growth of FRP grating.
The high strength-to-weight ratio of FRP grating has been leveraged in large-scale infrastructure projects. For instance, in bridge construction, FRP grating's lightweight characteristics enable easier handling and installation while still providing structural integrity and load-bearing capacity. This advantage has led to the adoption of FRP grating in bridge deck applications, promoting its market growth.
Durability and Low Maintenance
The durability of FRP grating translates into long service life and reduced replacement or repair costs compared to traditional materials like steel or wood. Recent developments have focused on enhancing the durability of FRP grating through improved resin systems, manufacturing techniques and surface treatments. These advancements contribute to the market growth of FRP grating by offering cost-effective solutions with minimal maintenance requirements.
Low maintenance requirements of FRP grating lead to reduced downtime for maintenance activities. This is particularly advantageous in industries where operational efficiency is crucial. Recent developments in FRP grating have focused on improving surface coatings, making them more resistant to abrasion, chemicals and UV radiation. These advancements minimize the need for frequent cleaning, repairs or replacements, thus reducing downtime and contributing to market growth.
Limited Awareness and Familiarity
Limited awareness and familiarity act as restraining factors for the growth of the global molded fiberglass reinforced plastic (FRP) grating market. imited awareness among end-users about the benefits and advantages of FRP grating can hinder its adoption. Many industries and professionals may be more familiar with traditional materials like steel or wood and may not be aware of the specific advantages that FRP grating offers, such as corrosion resistance, durability, lightweight nature, and low maintenance requirements. This lack of understanding can lead to a reluctance to explore FRP grating as a viable alternative.
Industries and professionals often have established practices and preferences for certain materials based on their familiarity and past experiences. This familiarity bias can make it challenging for FRP grating to gain traction in the market. End-users may stick to familiar materials, even if FRP grating could provide a better solution for their specific applications. Overcoming this mindset and educating potential customers about the benefits of FRP grating is crucial for market growth.
Molded Fiberglass Reinforced Plastic (FRP) Grating Market Segment Analysis
The global molded fibreglass reinforced plastic (FRP) grating market is segmented based on process, resin, application, end-user and region.
Molded FRP Grating Segment Leading the Global Market with Versatility and Durability
The molded FRP grating segment holds the majority of the market shares in the global molded fiberglass reinforced plastic (FRP) grating market. Molded FRP grating is widely used in various industries and applications due to its versatility, ease of production and cost-effectiveness. It is manufactured through a molding process where resin and fiberglass reinforcements are combined and shaped into the desired grating structure using a mold. Hence, the molded FRP grating process segment holds for more than half of the global segmental share.
Source: DataM Intelligence Analysis (2023)
Molded Fiberglass Reinforced Plastic (FRP) Grating Market Geographical Share
Established Industrial Base Drives the North American Molded Fiberglass Reinforced Plastic (FRP) Grating Market
North America has a well-developed industrial base across sectors such as oil and gas, chemical processing, water and wastewater treatment and construction. These industries have a high demand for corrosion-resistant and durable grating solutions, making FRP grating a preferred choice. Manufacturers in North America have responded to this demand by establishing production facilities and developing a wide range of FRP grating products to cater to the diverse needs of these industries. Therefore, the North America dominates the global molded fibreglass reinforced plastic (FRP) grating with significant global market share.
Source: DataM Intelligence Analysis (2023)
Molded Fiberglass Reinforced Plastic (FRP) Grating Market Companies
The major global players include STRONGWELL CORPORATION, tc-domine, Gebrüder Meiser GmbH, Bedford Reinforced Plastics, AGC Inc., Liberty Pultrusions, AIMS INTERNATIONAL, McNICHOLS CO., INC., Lionweld Kennedy Flooring Ltd, JiangYin RunLin Molding New Materials Co.,Ltd.
COVID Impact
The economic uncertainty caused by the pandemic led to cautious spending by businesses. Many companies reduced their capital expenditure budgets, including investments in infrastructure and industrial projects. This reduction in capital expenditures affected the demand for FRP grating as companies prioritized essential spending and delayed non-urgent projects.
The pandemic led to a shift in industry focus and priorities. Industries such as healthcare, pharmaceuticals and logistics had to redirect resources and investments towards pandemic response efforts. As a result, the demand for FRP grating in these sectors may have been influenced by the changing priorities and reallocation of resources.
Russia- Ukraine War Impact
If the conflict disrupts industrial activities, infrastructure projects or supply chains in the region, it could have an indirect impact on the demand and supply of FRP grating. Industries affected by the conflict may experience delays or cancellations of projects, leading to a temporary decrease in demand for FRP grating in those specific regions.
The Russia-Ukraine conflict could potentially impact infrastructure development plans and industrial activities in the affected regions. This may have implications for the demand for FRP grating, particularly in sectors such as construction, oil and gas and transportation, which are major consumers of FRP grating materials.
Key Developments
- In 2021, National Grating launched its "Mini-Mesh FRP Grating”. This grating features small openings, making it ideal for applications that require enhanced slip resistance and debris filtration. It is commonly used in walkways, ramps, stair treads and platforms.
- In 2020, Bedford Reinforced Plastics launched "PROGrate Pultruded Grating" as an addition to its product lineup. This grating is engineered for strength and stiffness, providing a durable and lightweight solution for various industries, including wastewater treatment, industrial plants and bridges.
- In 2019, Strongwell launched its "DURADEK I-6500" grating, which is designed for industrial and commercial applications. This grating offers high strength, corrosion resistance and excellent durability, making it suitable for environments where heavy loads and aggressive chemicals are present.
Why Purchase the Report?
- To visualize the global molded fibreglass reinforced plastic (FRP) grating market segmentation based on process, resin, application, end-user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of molded fibreglass reinforced plastic (FRP) grating market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global molded fiberglass reinforced plastic (FRP) grating market report would provide approximately 69 tables, 70 figures and 222 Pages.
Resin 2024
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