Fiberglass Reinforced Plastic (FRP) Grating Market Size 2031
Fiberglass Reinforced Plastic (FRP) Grating Market Size 2031
Segments - Fiberglass Reinforced Plastic (FRP) Grating Market by Resin Type (Vinyl Ester, Polyester, Phenolic Resin, and Others), Application (Walkways, Stair Treads, Platforms, and Others), Process (Pultruded and Molded), End-user (Marine, Industrial, Cooling Towers, Water Management, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-5839
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Report Description
Fiberglass Reinforced Plastic (FRP) Grating Market Outlook 2031
The global fiberglass reinforced plastic grating market size was USD 578.41 Million in 2022 and is likely to reach USD 730 Million by 2031, expanding at a CAGR of 4.55 % during 2023–2031. The market growth is attributed to the high usage of FRP grating in water management.
Increasing demand for FRP grating in water management is anticipated to drive the fiberglass reinforced plastic market in the coming years. FRP grating is crucial in water management applications, due to its superior corrosion resistance, high strength, and low maintenance required.
FRP gratings are used in various water management applications, such as waste water management and waste recycling areas. They are lightweight, easy to install, and have a longer life span as compared to traditional materials, such as steel or aluminum.
The increasing adoption of FRP gratings in construction activities, owing to their exceptional properties, is expected to create lucrative opportunities in the market.
The market report finds that the COVID-19 pandemic hindered the market, owing to the preventive measures imposed by the government to curb the spread of the virus. Manufacturing activities of consumer goods halted during the pandemic, due to the labor shortage, unavailability of raw materials, and limitations on import and export activities, which hampered the market.
Fiberglass Reinforced Plastic (FRP) Grating Market Dynamics
Major Drivers
High demand for sustainable and eco-friendly products is expected to boost the fiberglass reinforced plastic market during the forecast period. Strict government regulations toward reducing carbon emissions are encouraging manufacturers and consumers to use sustainable products, as they are environmentally friendly and have some other superior characteristics, such as good durability even after being recyclable.
They are easier to transport and reduce fuel consumption as compared to heavy steel and concrete alternatives. All these factors lead to reduced environmental impact.
FRP products have a longer life and are more resistant to weathering, aging, and corrosive environments than traditional materials. However, the products with long life do not require to be replaced frequently, which significantly reduces the environmental impact.
Existing Restraints
High cost of FRP gratingis expected to restrain the fiberglass reinforced plastic market in the coming years. The performance requirements of the grating, such as flame-retardant performance, strength level, sun protection, and aging resistance, influence the cost of FRP grating. However, FRP grating is cost-effective in the long run, owing to its durability and low maintenance requirements, as compared to other materials, such as steel.
Emerging Opportunities
Increasing investments in the research & development activities for the development of advanced and cost-effective FRP gratings are expected to create lucrative opportunities for the key players competing in the market.
Thus, several manufacturers are focusing on enhancing FRP grating product’s properties, such as non-corrosiveness, high strength, thermal, water, and chemical resistance. Furthermore, several companies are launching new grating products, there by fueling the market. For instance,
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In April 2021, Bedford Reinforced Plastics launched Ready Series, a quick-ship, easy-to-install modular solution to meet safety structure needs. It is the first modular system of this magnitude that is made of FRP. The modular system includes catwalks, platforms, mezzanines, walkways, and others.
Scope of Fiberglass Reinforced Plastic (FRP) Grating Market Report
The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Fiberglass Reinforced Plastic (FRP) Grating Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Resin Type (Vinyl Ester, Polyester, Phenolic Resin, and Others), Application (Walkways, Stair Treads, Platforms, and Others), Process (Pultruded and Molded), and End-user (Marine, Industrial, Cooling Towers, Water Management, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, MarketTrends, and Revenue Forecast |
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Key Players Covered in the Report |
AIMS International; Bedford Reinforced Plastics; Eurograte; Exel Composites; Ferrotec (USA) Corporation; FlexxCon BV; Lionweld Kennedy; LOCKERGROUP; McNICHOLS CO; STRONGWELL CORPORATION; and VALMONT INDUSTRIES, INC |
Fiberglass Reinforced Plastic (FRP) Grating Market Segment Insights
Resin Type Segment Analysis
Based on resin type, the fiberglass reinforced plastic grating market is divided into vinyl ester, polyester, phenolic resin, and others.The phenolic resin segment is expected to expand at a significant pace during the projection period, owing to the surge in the polymer industry.
Phenolic FRP grating is a widely used resin in both pultruded and molded FRP grating, due to its excellent fire & smoke resistance and good corrosion resistance. It is an alternative to maintenance-intensive metal grating.
Phenolic grating with stands direct flame and high temperatures while sustaining its structural integrity, which makes the grating a preferable choice among end-use industries.
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In July 2022, The Gill Corporation (TGC) launched the new Gillcore HF fiberglass honeycomb core. TGC began developing fiberglass honeycomb in response to industry demand from aerospace customers across the globe. The core is produced with a substrate consisting of woven fiberglass clod reinforced with heat-resistant phenolic resin for improved moisture resistance over traditional aramid fiber substrates.
The polyester segment is projected to hold a large market share in the coming years, owing to its low cost,fast cure, and ease of manufacture. Fiberglass-reinforced polyester grating is cut on-site by using a grinding emery discor saw. Fiberglass is commonly used as a polyester resin and reinforcing material is used as a bending agent.
Application Segment Analysis
In terms of application, the global market is segregated intowalkways, stair treads, platforms, and others.The walkways segment is projected to register a considerable CAGR during the forecast period, as they are non-slippery and resistant to weather and corrosion. Walkway paths are used in various industries, such as power plants and chemicals.
FRP grating is widely used for walkway systems, due to its highly inflammable resistant properties. FRP grating is commonly used in warehouses and factories, owing to its durability, cost-efficiency, and lower maintenance cost as compared to other metal grating solutions, such as steel.
Process Segment Analysis
On the basis of process, the fiberglass reinforced plastic grating market is bifurcated intopultruded and molded. The pultruded segment is expected to register a robust growth rate during the forecast period, as they are lightweight gratings with high resistance and strength toward environmental changes.
Pultruded grating consists of more glass than resin. This type of grating is created by a series of parallel loads of bars that are kept parallel by a series of crossroads. Pultruded gratings are high-quality pultruded bar gratings that are formed to be used in the same manner as traditional metal grates or fiberglass molded grating. It is ideal for aluminum, steel, or molded fiberglass gratings.
The molded segment is anticipated to hold a key share of the market in the coming years, as it provides corrosion resistance. It has a higher resin concentration that makes the panels more flexible and impact-resistant as compared tothe pultruded grating.
It is a structural product that bears weight between spans. It is made of alternating directional layers of constant glass fibers for strength, with resin to reinforce the fibers and provide shape and corrosion resistance.
End-user Segment Analysis
Based on end-user, the global market is fragmented into marine, industrial, cooling towers, water management, and others. The industrial segment is projected to expand at ahigh CAGR during the projection period, owing to the rising preference for metal substitutes.
The demand for FRP grating is increasing, due to its superior properties. FRP gratings are widely used in platforms, walkways, and stair treads, as they have low installation costs, durability, and are easy to maintain.
Regional Outlook
In terms of region, the global fiberglass reinforced plastic grating market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the rising demand for FRP gratings from the construction and industrial sectors, particularly in India and China.
Several benefits offered by FRP gratings, such as low conductivity, lightweight, corrosion resistance, fire retardance, and high strength, influence their use in the construction sector. The regional market growth is further attributed to the increasing investments to develop enhanced FRP gratings and rising government regulations toward startups.
The market in North America is anticipated to expand at a rapid pace in the coming years, owing to the increasing demand for FRP grating in cooling towers and marine.
Some of the industrial sites are launching FRP grating by substituting traditional steel grating in walkways, stair treads, and platforms. The regional market growth is further attributed to the rising reconstruction activities and increasing demand from the wastewater treatment industry.
Segments
The global fiberglass reinforced plastic (FRP) grating market has been segmented on the basis of
Resin Type
- Vinyl Ester
- Polyester
- Phenolic Resin
- Others
Application
- Walkways
- Stair Treads
- Platforms
- Others
Process
- Pultruded
- Molded
End-user
- Marine
- Industrial
- Cooling Towers
- Water Management
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- AIMS International
- Bedford Reinforced Plastics
- Eurograte
- Exel Composites
- Ferrotec (USA) Corporation
- FlexxCon BV
- Lionweld Kennedy
- LOCKERGROUP
- McNICHOLS CO
- STRONGWELL CORPORATION
- VALMONT INDUSTRIES, INC
Competitive Landscape
Key players competing in the global fiberglass reinforced plastic (FRP) grating market are AIMS International; Bedford Reinforced Plastics; Eurograte; Exel Composites; Ferrotec (USA) Corporation; FlexxCon BV; Lionweld Kennedy; LOCKERGROUP; McNICHOLS CO; STRONGWELL CORPORATION; and VALMONT INDUSTRIES, INC.
These key players adopt various strategies including mergers, acquisitions, collaboration, partnerships, product launches, and production expansion to expand their consumer base globally.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Fiberglass Reinforced Plastic (FRP) Grating Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fiberglass Reinforced Plastic (FRP) Grating Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fiberglass Reinforced Plastic (FRP) Grating Market - Supply Chain
4.5. Global Fiberglass Reinforced Plastic (FRP) Grating Market Forecast
4.5.1. Fiberglass Reinforced Plastic (FRP) Grating Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fiberglass Reinforced Plastic (FRP) Grating Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Fiberglass Reinforced Plastic (FRP) Grating Market Absolute $ Opportunity
5. Global Fiberglass Reinforced Plastic (FRP) Grating Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Types
5.3.1. Vinyl Ester
5.3.2. Polyester
5.3.3. Phenolic Resin
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Fiberglass Reinforced Plastic (FRP) Grating Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Applications
6.3.1. Walkways
6.3.2. Stair Treads
6.3.3. Platforms
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Fiberglass Reinforced Plastic (FRP) Grating Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by End Users
7.3.1. Marine
7.3.2. Industrial
7.3.3. Cooling Towers
7.3.4. Water Management
7.3.5. Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Fiberglass Reinforced Plastic (FRP) Grating Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fiberglass Reinforced Plastic (FRP) Grating Demand Share Forecast, 2019-2026
9. North America Fiberglass Reinforced Plastic (FRP) Grating Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Types
9.4.1. Vinyl Ester
9.4.2. Polyester
9.4.3. Phenolic Resin
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Applications
9.7.1. Walkways
9.7.2. Stair Treads
9.7.3. Platforms
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by End Users
9.10.1. Marine
9.10.2. Industrial
9.10.3. Cooling Towers
9.10.4. Water Management
9.10.5. Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Fiberglass Reinforced Plastic (FRP) Grating Demand Share Forecast, 2019-2026
10. Latin America Fiberglass Reinforced Plastic (FRP) Grating Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Types
10.4.1. Vinyl Ester
10.4.2. Polyester
10.4.3. Phenolic Resin
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Applications
10.7.1. Walkways
10.7.2. Stair Treads
10.7.3. Platforms
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by End Users
10.10.1. Marine
10.10.2. Industrial
10.10.3. Cooling Towers
10.10.4. Water Management
10.10.5. Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Fiberglass Reinforced Plastic (FRP) Grating Demand Share Forecast, 2019-2026
11. Europe Fiberglass Reinforced Plastic (FRP) Grating Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Types
11.4.1. Vinyl Ester
11.4.2. Polyester
11.4.3. Phenolic Resin
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Applications
11.7.1. Walkways
11.7.2. Stair Treads
11.7.3. Platforms
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by End Users
11.10.1. Marine
11.10.2. Industrial
11.10.3. Cooling Towers
11.10.4. Water Management
11.10.5. Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Fiberglass Reinforced Plastic (FRP) Grating Demand Share Forecast, 2019-2026
12. Asia Pacific Fiberglass Reinforced Plastic (FRP) Grating Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Types
12.4.1. Vinyl Ester
12.4.2. Polyester
12.4.3. Phenolic Resin
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Applications
12.7.1. Walkways
12.7.2. Stair Treads
12.7.3. Platforms
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by End Users
12.10.1. Marine
12.10.2. Industrial
12.10.3. Cooling Towers
12.10.4. Water Management
12.10.5. Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Fiberglass Reinforced Plastic (FRP) Grating Demand Share Forecast, 2019-2026
13. Middle East & Africa Fiberglass Reinforced Plastic (FRP) Grating Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Types
13.4.1. Vinyl Ester
13.4.2. Polyester
13.4.3. Phenolic Resin
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by Applications
13.7.1. Walkways
13.7.2. Stair Treads
13.7.3. Platforms
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Fiberglass Reinforced Plastic (FRP) Grating Market Size and Volume Forecast by End Users
13.10.1. Marine
13.10.2. Industrial
13.10.3. Cooling Towers
13.10.4. Water Management
13.10.5. Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Fiberglass Reinforced Plastic (FRP) Grating Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Fiberglass Reinforced Plastic (FRP) Grating Market: Market Share Analysis
14.2. Fiberglass Reinforced Plastic (FRP) Grating Distributors and Customers
14.3. Fiberglass Reinforced Plastic (FRP) Grating Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. AIMS International
14.4.2. Bedford Reinforced Plastics
14.4.3. Eurograte
14.4.4. Exel Composites
14.4.5. Ferrotec (USA) Corporation
14.4.6. FlexxCon BV
14.4.7. Lionweld Kennedy
14.4.8. LOCKERGROUP
14.4.9. McNICHOLS CO
14.4.10. STRONGWELL CORPORATION
14.4.11. VALMONT INDUSTRIES, INC
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