Fiberglass Reinforced Plastic Grating Market Forecast to Reach $691.3 Million by 2025


Posted August 7, 2020 by Blessy_Joy

Increasing Adoption of Sustainable and Environment Friendly Products Attributed to the Demand for Fiberglass Reinforced Plastic (FRP) Grating Market.

 
Fiberglass reinforced plastic (FRP) grating market size is forecast to reach $691.3 million by 2025, after growing at a CAGR of 5.1% during 2020-2025. With rise in the industries such as refineries, chemical industry, oil & petroleum industry, off shore platforms, Marine & shipping and others, the consumption of FRP grating will increase and drive the demand for FRP grating market. As FRP grating are ecofriendly and recyclable also, therefore public are showing interest towards sustainable and environment-friendly products, which will further enhance the overall market demand for fiberglass reinforced plastic (FRP) grating during the forecast period.

Key Takeaways
Asia-Pacific dominates the FRP Grating market, as it has larger number of industries, which consumes FRP grating.
Properties such as slip resistant, anti-corrosion, chemical resistant, no maintenance, and economical are majorly driving the demand for fiber reinforced plastic (FRP) grating market.

Increasing adoption of sustainable and environment friendly products, will increase the market demand for fiberglass reinforced plastic (FRP) grating in the near future.

Airborne fiber may be an issue for asthma sufferers, as FRP gratings needs to be re-gel coated about every five years and can result in airborne fibers.

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Applications – Segment analysis
Walkways/Walk Paths is the largest application for fiberglass reinforced plastic (FRP) grating market, as it is seen across various industries such as chemical, Power Plants and others. FRP grating are vastly used for walkways and owning to its highly flammable resistant property, FRP are majorly preferable over steel. FRP Rooftop Walkway System, which is specially designed for Safe & Controlled roof access, provides non-slip, safe and all-weather access for maintenance of solar panels and frequently accessed areas without any un-necessary damage on roofs. Walkways act as designated routes, which are very crucial to keep people away from all hazards. Compared to metal grating, FRP floor grating or FRP walkway grating is lightweight and easy to install.

Drivers – Fiberglass Reinforced Plastic (FRP) grating Market

Increasing demand for sustainable and environment friendly products
Stringent Government regulations toward using sustainable products has, likely aid the market demand of fiberglass reinforced plastic (FRP) grating, as they are eco-friendly. It has some other characteristics also such as very good durability, even after that it is recyclable also.

Market Landscape: Major players in the Fiberglass Reinforced Plastic (FRP) Grating Market are Strongwell Corporation, Techno Composites Domine GmbH, McNichols Company, Bedford Reinforced Plastics, and AGC MAtex Co. Ltd. among others.

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Issued By Blessy
Business Address Madhapur
Country India
Categories Business
Tags fiberglass reinforced plastic grating market , fiberglass reinforced plastic grating market growth , fiberglass reinforced plastic grating market share , fiberglass reinforced plastic grating market size
Last Updated August 7, 2020