The Global Molded Fibreglass Reinforced Plastic (FRP) Grating Market was valued at US$ 710.8 million in 2022 and is expected to reach US$ 998.2 million by 2030, exhibiting a CAGR of 4.4% during the forecast period (2023-2030).
The molded fiberglass reinforced plastic (FRP) grating market is a thriving segment within the composites industry, characterized by the increasing demand for lightweight, durable, and corrosion-resistant materials in various sectors.
Key players operating in the global molded fibreglass reinforced plastic (FRP) grating market include STRONGWELL CORPORATION, tc-domine, Gebrüder Meiser GmbH, Bedford Reinforced Plastics, AGC Inc., Liberty Pultrusions, AIMS INTERNATIONAL, McNICHOLS CO., INC., Lionweld Kennedy Flooring Ltd, and JiangYin RunLin Molding New Materials Co.,Ltd.
Key Developments in the Molded Fibreglass Reinforced Plastic (FRP) Grating Market
In April 2023, Fibergrate launched the FiberGrate XT. The FiberGrate XT is a new line of FRP grating that is designed for high-traffic applications.
In March 2023, Fiberglast launched the FRP Grating 2.0. The FRP Grating 2.0 is a new line of FRP grating that is stronger, lighter, and more durable than traditional FRP grating.
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Report Metrics |
Details |
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CAGR |
4.4% |
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Forecast Period |
2023-2030 |
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Data Availability |
Value (USD) |
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Segments Covered |
By Process, By Resin, By Application, By End User, and By Region |
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Regions Covered |
North America, Europe, Asia-Pacific, Latin 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 Product Launches, Growth Strategies, Revenue Analysis, and Other Key insights. |
To get more insights into the Global Molded Fibreglass Reinforced Plastic (FRP) Grating Market Report: https://www.datamintelligence.com/download-sample/molded-fibreglass-reinforced-plastic-grating-market
Molded Fibreglass Reinforced Plastic (FRP) Grating Market: Overview
Molded fiberglass reinforced plastic (FRP) grating is a versatile and durable construction material used in various industries and applications. FRP grating is made by combining glass fibers with a thermosetting resin, typically polyester, vinyl ester, or phenolic.
The process of molding and curing results in a lightweight, yet robust and corrosion-resistant material that is suitable for a wide range of environments, including chemical plants, wastewater treatment facilities, offshore platforms, and marine environments.
Molded Fibreglass Reinforced Plastic (FRP) Grating Market: Opportunities
One of the key growth opportunities lies in the increasing demand for lightweight and corrosion-resistant materials in various industries.
FRP grating offers an attractive alternative to traditional materials like steel and aluminum due to its high strength-to-weight ratio and exceptional resistance to corrosion, chemicals, and environmental factors. As industries such as chemical processing, wastewater treatment, oil and gas, and marine continue to seek cost-effective and long-lasting solutions, the adoption of FRP grating is likely to rise.
Molded Fibreglass Reinforced Plastic (FRP) Grating Market: Dynamics
The lightweight nature of FRP grating, combined with its high strength-to-weight ratio, makes it an ideal choice for various industries. Its lightweight properties facilitate easier handling, transportation, and installation, leading to cost savings and increased efficiency in projects.
Moreover, the exceptional durability of FRP grating is a major driver for its market growth. It offers excellent resistance to corrosion, chemicals, and environmental elements, making it suitable for harsh and corrosive environments. As a result, industries such as chemical processing, wastewater treatment, and offshore applications prefer FRP grating due to its long lifespan and low maintenance requirements.
However, limited awareness among consumers about FRP grating is expected to restrain the market growth.
Molded Fibreglass Reinforced Plastic (FRP) Grating Market: Geographical Insights
North America holds a dominant position in the molded fiberglass reinforced plastic grating market. This is owing to the established industrial base across various sectors such as construction and oil and gas in the region. Due to the increasing demand for FRP grating in these industries, manufacturers are establishing more production facilities.
Table of Contents
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1 |
Report Methodology and Scope |
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2 |
Report Definition and Overview |
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3 |
Executive Summary |
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4 |
Market Dynamics |
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5 |
Industry Factors |
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6 |
COVID-19 Analysis |
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7 |
Molded Fibreglass Reinforced Plastic (FRP) Grating Market Segments and Region |
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8 |
Global Company Share Analysis – 10 Key Companies |
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9 |
Molded Fibreglass Reinforced Plastic (FRP) Grating Market Company and Product Profiles |
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10 |
About DataM |
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