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Global FRP Grating Market to reach USD 0.73 billion by 2027.

Global FRP (Fiberglass Reinforced Plastic) Grating Market by Resin Type (Polyester, Vinyl Ester, Phenolic), Process (Molded, Pultruded), Application (Stair Treads, Walkways, Platforms), End-use Industry (Industrial, Water Management, Cooling Towers, Marine), Regional Forecasts 2021-2027

Product Code: OIRBC-44299057
Publish Date: 17-07-2021
Page: 200

Global FRP Grating Market is valued approximately at USD 0.55 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.24% over the forecast period 2021-2027. A fiberglass reinforced plastic grating is a grating structure that is made up of a resin and fiberglass matrix. FRP is a sustainable, energy-efficient, and environmentally friendly material. These gratings, unlike steel grating, are made of a composite material that does not corrode, making them suitable for use in harsh situations and lowering maintenance costs. These FRP grades are used in a variety of end-use industries, including water management, cooling towers, marine, and others. The demand for FRP gratings over traditional iron and steel gratings is increasing due to advantages such as high strength, lightweight, corrosion resistance, and other factors. Furthermore, an increase in grating demand in the construction industry will boost the market in the coming years. For instance, as per Statista, the construction sector in India contributed about USD 36.24 billion to the country’s GDP in January 2019. This was the highest contribution ever recorded in the sector. The railway sector in the country received the greatest financial allocation ever in 2019. In addition, governments in developing economies such as India have undertaken projects such as the Pradhan Mantri Awas Yojana and Smart City Projects to provide modern services to their rising populations. However, High Production Costs of FRP Grating, may impede market growth over the forecast period of 2021-2027.

The Asia-Pacific region dominates the worldwide FRP grating market and is expected to continue to do so during the forecast period. The demand for FRP grating in the construction sector is increasing due to the numerous advantages it provides, such as corrosion resistance, low conductivity, fire retardance, lightweight, high strength, and so on.

Major market player included in this report are:
National Grating
Meiser GmbH
Kemrock Industries & Exports Ltd.
Eurograte Fiberglass Grating
Delta Composites LLC
Bedford Reinforced Plastics
Mcnichols Co.
Locker Group
AGC Matex Co. Ltd
Liberty Pultrusions

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Process:
By Resin type:
Vinyl Ester
By Application:
Stair treads
By End use Industry:
Water management
Cooling towers
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global FRP Grating Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. FRP Grating Market, by Region, 2019-2027 (USD Billion)
1.2.2. FRP Grating Market, by Process, 2019-2027 (USD Billion)
1.2.3. FRP Grating Market, by Resin type, 2019-2027 (USD Billion)
1.2.4. FRP Grating Market, by Application, 2019-2027 (USD Billion)
1.2.5. FRP Grating Market, by End use Industry, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global FRP Grating Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global FRP Grating Market Dynamics
3.1. FRP Grating Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Surging demand in construction Industry Increasing Demand for FRP Gratings over Iron and Steel Gratings
3.1.2. Market Restraint High Production Costs of FRP Grating Availability of Low-Cost Substitutes
3.1.3. Market Opportunities Increase in Use of FRP Grating in Various Industries
Chapter 4. Global FRP Grating Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global FRP Grating Market, by Process
5.1. Market Snapshot
5.2. Global FRP Grating Market by Process, Performance – Potential Analysis
5.3. Global FRP Grating Market Estimates & Forecasts by Process 2018-2027 (USD Billion)
5.4. FRP Grating Market , Sub Segment Analysis
5.4.1. Molded
5.4.2. Pultruded
Chapter 6. Global FRP Grating Market, by Resin type
6.1. Market Snapshot
6.2. Global FRP Grating Market by Resin type, Performance – Potential Analysis
6.3. Global FRP Grating Market Estimates & Forecasts by Resin type 2018-2027 (USD Billion)
6.4. FRP Grating Market , Sub Segment Analysis
6.4.1. Polyester
6.4.2. Vinyl Ester
6.4.3. Phenolic
6.4.4. Others
Chapter 7. Global FRP Grating Market, by End use Industry
7.1. Market Snapshot
7.2. Global FRP Grating Market by End Use Industry, Performance – Potential Analysis
7.3. Global FRP Grating Market Estimates & Forecasts by End Use Industry 2018-2027 (USD Billion)
7.4. FRP Grating Market , Sub Segment Analysis
7.4.1. Industrial
7.4.2. Water management
7.4.3. Cooling towers
7.4.4. Marine
7.4.5. Others
Chapter 8. Global FRP Grating Market, by Application
8.1. Market Snapshot
8.2. Global FRP Grating Market by Application, Performance – Potential Analysis
8.3. Global FRP Grating Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
8.4. FRP Grating Market , Sub Segment Analysis
8.4.1. Stair treads
8.4.2. Walkways
8.4.3. Platforms
8.4.4. Others
Chapter 9. Global FRP Grating Market, Regional Analysis
9.1. FRP Grating Market , Regional Market Snapshot
9.2. North America FRP Grating Market
9.2.1. U.S. FRP Grating Market Process breakdown estimates & forecasts, 2018-2027 Resin type breakdown estimates & forecasts, 2018-2027 End use Industry breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027
9.2.2. Canada FRP Grating Market
9.3. Europe FRP Grating Market Snapshot
9.3.1. U.K. FRP Grating Market
9.3.2. Germany FRP Grating Market
9.3.3. France FRP Grating Market
9.3.4. Spain FRP Grating Market
9.3.5. Italy FRP Grating Market
9.3.6. Rest of Europe FRP Grating Market
9.4. Asia-Pacific FRP Grating Market Snapshot
9.4.1. China FRP Grating Market
9.4.2. India FRP Grating Market
9.4.3. Japan FRP Grating Market
9.4.4. Australia FRP Grating Market
9.4.5. South Korea FRP Grating Market
9.4.6. Rest of Asia Pacific FRP Grating Market
9.5. Latin America FRP Grating Market Snapshot
9.5.1. Brazil FRP Grating Market
9.5.2. Mexico FRP Grating Market
9.6. Rest of The World FRP Grating Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. National Grating Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Meiser GmbH
10.2.3. Kemrock Industries & Exports Ltd.
10.2.4. Eurograte Fiberglass Grating
10.2.5. Delta Composites LLC
10.2.6. Bedford Reinforced Plastics
10.2.7. Mcnichols Co.
10.2.8. Locker Group
10.2.9. AGC Matex Co. Ltd
10.2.10. Liberty Pultrusions
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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