The factor such as increasing demand for non-corrosive and high-performance grating from major industries and increase in use of FRP grating in various industries are likely to contribute to the healthy growth of the market.
New York, July, 2021: Axiom Market Research & Consulting™ added a report on global FRP grating market which includes study on resin type, process, application, and end user across various countries of key regions across the globe. The global FRP grating market was projected to grow at a CAGR of 5.12% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the FRP grating market.
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The report analyses the global FRP gratings industry based on resin type, process, application, end user and geography. Various resin type covered in the global FRP gratings are polyester, vinyl ester, phenolics and other. By process, the market is segmented into molded FRP grating and pultruded FRP grating. Based on application, the market is segmented into the stair treads, walkways, platforms, flooring and other. Based on end user, the market is segmented into industrial, water management, cooling tower, oil and gas, marine and other. The global FRP gratings market is studied across various key countries of regions such as North America, Europe, Asia Pacific and Rest of the World.
The key competitors of this market include Strongwell Corporation, Techno Composites Domine GmbH, Meiser GmbH, Bedford Reinforced Plastics, AGC Matex Co. Ltd, Liberty Pultrusions, Delta Composites LLC, Mcnichols Co., National Grating, Lionweld Kennedy, Kemrock Industries & Exports Ltd., Locker Group, Eurograte Fiberglass Grating, Ferrotech International FZE, Suzhou Grating Co. Ltd. (iGrid), Fibergrate Composite Structures Ltd., Exel Composites, Arham Hi-Tech Design and Solution Pvt. Ltd., Indiana Group, Diakure Co. Ltd., Jiangyin Runlin Molding New Materials Co. Ltd., Fibrolux GmbH, Amico Seasafe Inc., Flexxcon Bv and Webforge among others.
FRP Gratings Market Regional Trends
North America is expected to witness the fastest growth in upcoming years owing to hold significant share in terms of value. The US and Canada are expected to dominate the market in the coming years. The key factors that attributed to the market growth are rising economic development, rising government initiatives for expanding industrial sectors.
FRP Gratings Market Segmental Highlights
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Research Objectives of FRP Gratings Market Report:
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