Global FRP Grating Market to Grow at 5.1% CAGR during 2017-2022


Posted October 10, 2018 by Stratview-Resesarch

This report, from Stratview Research, studies the global FRP grating market over the period 2017 to 2022.

 
The Global FRP Grating Market: Highlights
There are healthy opportunities existing in the entire ecosystem of the FRP grating market which is projected to grow at a healthy CAGR of 5.1% during the forecast period of 2017 to 2022. An excellent corrosion and fatigue resistance, high strength and stiffness, high durability, low life-cycle cost, low maintenance cost, and low weight are the major factors driving the demand of FRP grating in most of the end-use industries. FRP grating is gaining the market traction in most of the major end-use industries by replacing the traditional metal gratings.

The global FRP grating market is segmented based on the process type as molded grating and pultruded grating. Molded grating is expected to remain the most dominant segment of the FRP grating market during the forecast period, whereas pultruded grating is likely to witness higher growth during the same period, driven by its higher strength and stiffness. All major players are manufacturing FRP gratings utilizing the pultrusion process and are likely to stick with the technology in the foreseeable future as well. Pultruded gratings are used in all major industries including industrial, oil & gas, pulp & paper, and mining.

Based on the resin type, the global FRP grating market is segmented as polyester grating, vinylester grating, phenolic grating, and other gratings. Polyester is projected to remain the most dominant resin type in the global FRP grating market during the forecast period. The resin type is also likely to witness the highest growth over the next five years, driven by its low cost, excellent chemical resistance, and good mechanical performance. Phenolic resin is also experiencing a healthy growth in the market, especially in the oil & gas industry.
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Based on the end-use industry, industrial sector is likely to remain the largest segment of the global FRP grating market during the forecast period. The segment is also likely to witness the highest growth during the same period, driven by higher preference of FRP grating over metal ones. The oil & gas segment is also expected to register a healthy growth during the same period, driven by rebounding oil & gas exploration activities and higher usage of FRP gratings.

FRP Grating Market Trend and Forecast by End-Use Industry



FRP Grating Market Attractiveness by Country

Asia-Pacific is expected to remain the most dominant market for FRP gratings during the forecast period. China and India would remain the growth engines of the Asia-Pacific’s FRP grating market and are continuously creating a greater demand for FRP grating in industrial, oil & gas, and cooling tower applications. The region is also likely to witness the highest growth during the same period.

The supply chain of this market comprises raw material suppliers, FRP grating manufacturers, distributors, oil & gas exploration companies, industrial buyers, etc. The global FRP grating market is highly fragmented with the presence of more than 100 global and regional players. Most of the players have presence in other pultruded applications as well, such as rebars, structural profiles, and ladder rails.

Strongwell Corporation, Suzhou Grating Co., Ltd., Fibergrate Composite Structures Ltd., Bedford Reinforced Plastics, Inc., ChinaGrate Composite Structures (Nantong) Ltd., Valmont Industries, Inc., Meiser GmbH, and Grand Fiberglass Co., Ltd. are the major players in the global FRP grating market. Regional expansion, new product development, and an advancement in the pultrusion technology are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The FRP grating market is segmented into the following categories.

Global FRP Grating Market by Process Type:
• Molded Grating (Regional Analysis: NA, Europe, APAC, and RoW)
• Pultruded Grating (Regional Analysis: NA, Europe, APAC, and RoW)
Global FRP Grating Market by Resin Type:
• Polyester Grating (Regional Analysis: NA, Europe, APAC, and RoW)
• Vinylester Grating (Regional Analysis: NA, Europe, APAC, and RoW)
• Phenolic Grating (Regional Analysis: NA, Europe, APAC, and RoW)
• Other Gratings (Regional Analysis: NA, Europe, APAC, and RoW)
Global FRP Grating Market by Application Type:
• Stair Treads (Regional Analysis: NA, Europe, APAC, and RoW)
• Walkways (Regional Analysis: NA, Europe, APAC, and RoW)
• Platforms (Regional Analysis: NA, Europe, APAC, and RoW)
• Others (Regional Analysis: NA, Europe, APAC, and RoW)
Global FRP Grating Market by End-Use Industry Type:
• Industrial (Regional Analysis: NA, Europe, APAC, and RoW)
• Transportation (Regional Analysis: NA, Europe, APAC, and RoW)
• Oil & Gas (Regional Analysis: NA, Europe, APAC, and RoW)
• Water Management (Regional Analysis: NA, Europe, APAC, and RoW)
• Others (Regional Analysis: NA, Europe, APAC, and RoW)
Global FRP Grating Market by Region:

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: The Middle East, Latin America, and Others)

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We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Category: Advanced Material
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Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
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Tags Advanced Material , Global FRP Grating , market
Last Updated October 10, 2018