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The FRP Grating Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for FRP Grating is the increasing demand for FRP Grating in various industries.
This report on the FRP Grating Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the FRP Grating Market. The report intends to present a thorough analysis of the FRP Grating Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
FRP Grating Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the FRP Grating Market are-
Strongwell Corporation
Suzhou Grating Co., Ltd.
Fibergrate Composite Structures Ltd.
Bedford Reinforced Plastics, Inc.
ChinaGrate Composite Structures (Nantong) Ltd.
Valmont Industries, Inc.
Meiser GmbH
Grand Fiberglass Co., Ltd.
Growth drivers and Market Value:
This report, from Stratview Research, studies the FRP Grating Market value and growth drivers over the trend period of 2017-22. According to the report -
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.
Segment Analysis:
Based on Process Type:
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 Region:
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.
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