The global FRP Grating Market is projected to witness a growth rate of 4.9% annually from 2024 to 2030, with an anticipated size of US$ 0.7 billion by 2030, according to an analysis by Stratview Research.
Stratview Research, a global market research firm, has launched a report on the global FRP Grating Market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Report Highlights
| Market Size in 2030 (billion US$) | 0.7 |
| Growth (CAGR) | 4.9% during 2024-2030 |
| Forecast Period | 2024-2030 |
| Trend Period | 2018-2022 |
| Base Year | 2023 |
| Number of Segments Covered | 5 |
| Number of Tables & Graphs | 100+ |
| Country-Level Market Assessment | 20 |
Segment Insights on the FRP Grating Market:
The global FRP Grating Market is segmented based on process type, resin type, application type, end-use industry type and Region.
Based on process type: The global FRP grating market is segmented based on the process type into molded grating and pultruded grating.
Molded grating is expected to remain the widely used process for FRP grating during the forecast period, whereas pultruded grating is likely to witness higher growth during the same period. Molded grating is mainly driven by its properties like higher strength and stiffness.
All major players are manufacturing FRP grating utilizing the pultrusion process and are likely to stick with the technology in the foreseeable future as well. Pultruded grating is used in all major industries including industrial, oil & gas, pulp & paper, and mining.
Based on resin type: The global FRP grating market is segmented into polyester grating, vinyl ester grating, phenolic grating, and other gratings.
The polyester resin is likely to witness the highest growth over the next six years, driven by its low cost, excellent chemical resistance, and good mechanical performance.
Phenolic resin is also experiencing healthy growth in the market, especially in the oil & gas industry.
Based on the end-use industry: Industrial is likely to remain the largest end-use industry of the FRP grating market during the forecast period.
The market is segmented into Industrial, Transportation, Oil & Gas, Water Management, and Others.
The industrial is also likely to witness the highest growth during the same period, driven by a higher preference for FRP grating over metal ones. The oil & gas industry is also expected to register healthy growth during the same period, driven by rebounding oil & gas exploration activities and higher usage of FRP grating.
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market for FRP grating during the forecast period. This growth outlook is majorly attributed to the following–
- 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.
FRP Grating Market Drivers:
Some of the key drivers listed in the report are given below.
- The FRP grating market is projected to grow at a rapid rate, driven by evolving material science, infrastructural developments, and a trend toward sustainable construction practices.
- With industries moving toward durable, cost-effective, and green solutions, the demand for FRP gratings will rapidly increase on a global scale.
- FRP grating is gaining market traction in most of the major end-use industries by replacing traditional metal grating.
Top 10 Companies in the FRP Grating Market:
Major OEMs in the market are striving to achieve type certification for their eVTOL aircraft. After completing certification, they collaborate with established aircraft and automotive giants to accelerate commercial manufacturing. Stratview Research has identified the following companies as the top market players:
- Bedford Reinforced Plastics
- Creative Composite Group(H&S Group)
- ChinaGrate Composite Structures (Nantong) Ltd.
- Exel Composites Oyj
- Fibergrates Composites Structures
- Fiberline Composites A/S
- McNICHOLS Corporation
- Meiser GmbH
- Strongwell Corporation
- Valmont Industries, Inc. (Webforge and Locker Group)
What Deliverables Will You Get in This Report?
| Key questions this report answers | Relevant contents in the report |
| How big is the sales opportunity? | In-depth analysis of the FRP Grating Market |
| How lucrative is the future? | Market forecast and trend data and emerging trends |
| Which regions offer the best sales opportunities? | Global, regional, and country-level historical data and forecasts |
| Which are the most attractive market segments? | Market segment analysis and forecast |
| Who are the top players and their market positioning? | Competitive landscape analysis, Market share analysis |
| How complex is the business environment? | Porter’s five forces analysis, PEST analysis, Life cycle analysis |
| What are the factors affecting the market? | Drivers & challenges |
| Will I get the information on my specific requirements? | 10% free customization |
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at – [email protected]
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About us –
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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