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    FRP Grating Market Report

    FRP Grating Market Report
    Report code - SRAM124 Published On : Nov,2017 No. of Pages: 250
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    FRP Grating Market Size, Share, Trend, Forecast, & Industry Analysis: 2017-2022
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    Impact of COVID-19 on FRP Grating Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on FRP Grating Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    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.

    Segments' Analysis

    FRP Grating Market Share by 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.

    FRP Grating Market Share by Resin Type

    Based on the resin type, the global FRP grating market is segmented as polyester grating, vinylester grating, phenolic grating, and other gratings. Polyester is projected to remain the most dominant resin type in the global FRP grating market during the forecast period. The resin type is also likely to witness the highest growth over the next five years, driven by its low cost, excellent chemical resistance, and good mechanical performance. Phenolic resin is also experiencing a healthy growth in the market, especially in the oil & gas industry.

    FRP Grating Market Share by End-use Industry Type

    Based on the end-use industry, industrial sector is likely to remain the largest segment of the global FRP grating market during the forecast period. The segment is also likely to witness the highest growth during the same period, driven by higher preference of FRP grating over metal ones. The oil & gas segment is also expected to register a healthy growth during the same period, driven by rebounding oil & gas exploration activities and higher usage of FRP gratings.

    Regional Insights

    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.

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period          

    2011-2022

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Growth

    5.1 % CAGR during 2017-22

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, The UK, Russia, China, Japan, India, The Middle East, Latin America and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The FRP grating market is segmented into the following categories.

    Global FRP Grating Market Size, Share & Forecast, by Process Type:

    • Molded Grating (Regional Analysis: NA, Europe, APAC, and RoW)
    • Pultruded Grating (Regional Analysis: NA, Europe, APAC, and RoW)

    Global FRP Grating Market Size, Share & Forecast, by Resin Type:

    • Polyester Grating (Regional Analysis: NA, Europe, APAC, and RoW)
    • Vinylester Grating (Regional Analysis: NA, Europe, APAC, and RoW)
    • Phenolic Grating (Regional Analysis: NA, Europe, APAC, and RoW)
    • Other Gratings (Regional Analysis: NA, Europe, APAC, and RoW)

    Global FRP Grating Market Size, Share & Forecast, by Application Type:

    • Stair Treads (Regional Analysis: NA, Europe, APAC, and RoW)
    • Walkways (Regional Analysis: NA, Europe, APAC, and RoW)
    • Platforms (Regional Analysis: NA, Europe, APAC, and RoW)
    • Others (Regional Analysis: NA, Europe, APAC, and RoW)

    Global FRP Grating Market Size, Share & Forecast, by End-Use Industry Type:

    • Industrial (Regional Analysis: NA, Europe, APAC, and RoW)
    • Transportation (Regional Analysis: NA, Europe, APAC, and RoW)
    • Oil & Gas (Regional Analysis: NA, Europe, APAC, and RoW)
    • Water Management (Regional Analysis: NA, Europe, APAC, and RoW)
    • Others (Regional Analysis: NA, Europe, APAC, and RoW)

    Global FRP Grating Market Size, Share & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: The Middle East, Latin America, and Others) 

    Key Players

    The supply chain of this market comprises raw material suppliers, FRP grating manufacturers, distributors, oil & gas exploration companies, industrial buyers, etc. The global FRP grating market is highly fragmented with the presence of more than 100 global and regional players. Most of the players have presence in other pultruded applications as well, such as rebars, structural profiles, and ladder rails.

    Some of the major players in the global 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.

    Regional expansion, new product development, and an advancement in the pultrusion technology are the key strategies adopted by major players to gain a competitive edge in the market throughout the globe.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report, from Stratview Research, studies the global FRP grating market over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the studied country by product type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected] 

    Frequently Asked Questions (FAQs)

    The FRP grating market is expected to witness an impressive growth of 5.1% CAGR in the foreseeable future.

    Strongwell Corporation, Suzhou Grating Co., Ltd., Fibergrate Composite Structures Ltd., Bedford Reinforced Plastics, Inc., ChinaGrate Composite Structures (Nantong) Ltd., Valmont Industries, Inc., Meiser GmbH, and Grand Fiberglass Co., Ltd. are among the key players in the FRP grating market.

    Asia-pacific is expected to remain dominant in the FRP grating market during the forecast period.

    Industrial sector is expected to witness highest growth in the FRP grating market in the coming years.

    Polyester is expected to remain most dominant resin type in the FRP grating market during the next five years.

    An excellent corrosion and fatigue resistance, high strength and stiffness, high durability, low life-cycle cost, low maintenance cost, and low weight are the factors driving the growth of FRP grating market.

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