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.
In terms of regional growth, North America and Europe saw the largest share in the FRP grating market from 2018 to 2022. This was attributed to the ongoing development of industrial infrastructure and heavy investments in sectors like oil & gas, where FRP’s chemical resistance and strength-to-weight ratio are critical. However, as the global economic landscape shifted and markets like Asia-Pacific witnessed faster economic development, demand for FRP grating surged across countries such as China and India. These regions adopted FRP grating in both large-scale industrial facilities and small- to medium-sized infrastructure projects, providing a significant boost to the market.
Looking forward, the FRP grating market is expected to continue expanding from 2023 to 2033, although the dynamics of demand are likely to change. Increasing investments in sustainability and the growing adoption of green building practices will influence the demand for FRP grating. The material's ability to withstand harsh environmental conditions, such as extreme temperatures, moisture, and exposure to chemicals, makes it a suitable choice for renewable energy sectors, particularly in offshore wind farms and solar panel installations. The market is also expected to see higher demand from the automotive sector as electric vehicle manufacturers embrace lightweight materials to improve efficiency.
The overall demand for FRP grating will be further influenced by advancements in manufacturing processes, reducing costs and making the product more accessible to a wider range of industries. While North America and Europe are expected to maintain strong market positions, emerging economies in Asia-Pacific and Latin America are anticipated to show a marked rise in adoption, driven by ongoing industrialization and infrastructure development. The increasing need for sustainable and cost-effective materials will propel the growth of the FRP grating market in the coming decades.
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The FRP (Fiberglass Reinforced Plastic) grating market has seen significant growth between 2018 and 2022, driven by increasing industrial applications across various sectors such as construction, automotive, and chemical industries. During this period, demand was primarily fueled by the advantages FRP gratings offer, including durability, resistance to corrosion, and low maintenance costs. The construction industry particularly benefitted from these features, leading to a rise in infrastructure projects requiring reliable flooring solutions. Additionally, the automotive sector began to adopt FRP grating for its lightweight and strong properties, increasing its use in vehicle platforms and construction components.
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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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