FRP Grating Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The FRP (Fiberglass Reinforced Plastic) grating market was valued at approximately USD 1.8 billion in 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.7% from 2023 to 2028. The growth of this market is driven by increasing demand for lightweight, corrosion-resistant materials across various industries including chemical, oil and gas, and construction. The need for durable and low-maintenance alternatives to traditional materials like steel is expected to further boost market expansion. In terms of opportunity, the market is witnessing significant investment in technological advancements and innovations in FRP materials, which are anticipated to enhance performance characteristics and widen application scopes.
Emerging markets in regions such as Asia-Pacific and Latin America present substantial growth opportunities due to rapid industrialization and infrastructural development. These regions are experiencing increased adoption of FRP gratings in industrial and commercial applications owing to their cost-effectiveness and high resistance to environmental factors. Additionally, advancements in FRP manufacturing technologies are likely to lower production costs and improve product offerings, making FRP gratings more accessible in these burgeoning markets. As a result, these developments are expected to contribute significantly to the overall market growth in the coming years.
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MEISER
Lionweld Kennedy
Fibrolux
Techno-Composites
Fiber Grage
Bedford
Liberty Pultrusions
Amico Seasafe
Strongwell
National Grating
Delta Composites LLC
Mcnichols
Daikure
AGC Matex
ChinaGrate
Jiangyin Runlin
iGRID
HIGOAL
Hebei Tingqi
Indiana Group
Kemrock
Locker Group
Ferro Grate
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global FRP Grating Market
Stair Treads
Platforms
Covers
Based on Types the Market is categorized into Below types that held the largest FRP Grating market share In 2023.
Molded FRP Grating
Pultruded FRP Grating
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global FRP Grating Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global FRP Grating Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global FRP Grating Market, By Type
6. Global FRP Grating Market, By Application
7. Global FRP Grating Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global FRP Grating Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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