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Type: PDF
Status: Syndicate
Categories: Chemical
Report Code : CH23
No. of Pages : 150
The global molded FRP grating market in 2023 was approximately USD 450 Million. The market is expected to grow at a CAGR of 5.2 % and is anticipated to reach around USD Molded 690 million by 2030. Stringent government regulations regarding usage of sustainable products have probable to help the market demand for FRP grating, since they are efficient and eco-friendly. It has few other vital characteristics also such as excellent durability, even after that it is recyclable also which are also responsible for market growth.
Molded fiberglass reinforced plastic (FRP) grating is produced by combining thermosetting resin with continuous fiberglass rovings in precision molds, each panel contains approximately 65% resin and 35% fiberglass rovings. It offers corrosion resistance in the most demanding environments. This combination improves corrosion resistance, UV protection and structural integrity. It is easily fabricated and virtually maintenance free.
With the growth in the industries such as refineries, off shore platforms, oil & petroleum industry, chemical industry, Marine & shipping and others, the consumption of molded FRP grating will increase and further enhance the demand for FRP grating market. On the other hand, the airborne fibers during re-gel coatings will hamper the market growth.
The market for molded FRP grating is intensely competitive and is highly fragmented. The vendors in the Molded FRP Grating market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are market players are AGC MATEX, Fibrolux, Ferrotech International, RPM International (Fibergrate), Techno-Composites Domine, Valmont Industries, Eurograte, Seasafe, Gebruder Meiser, McNICHOLS, Jiangyin RunLin Molding New Materials, Peabody Engineering & Supply, Strongwell, American Grating, Suzhou Grating, Bedford Reinforced Plastics, Grand Fiberglass, AIMS International and Others.
The global molded frp grating report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Molded FRP Grating market in 2020.
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