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FRP Grating Market Regional Outlook to 2025 - Daikure, Ferrotech International, Amico Seasafe, McNichols, AGC MAtex, Kemrock Industries & Exports, Techno Composites Domine

12-02-2019 06:13 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

FRP Grating Market

FRP Grating Market

The newest report on FRP Grating Market added by Global Market Insights offers concise facts about the geographical landscape, industry size and revenue estimation of the business. Additionally, the report focuses on challenges and expansion strategies accepted by major industry players of the FRP Grating industry.

Asia Pacific is anticipated to dominate the overall FRP grating market share owing to rising adoption of high performance scraping materials in several industries. China and India are projected to be the key contributing countries across the region as they generate greater product demand for industrial, oil & gas and cooling tower applications.

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Increase in government budgets on repairing and construction in several developing countries has positively impacted FRP grating market growth. For instance, China construction spending was more than 1.6 trillion in 2015, while Japan spent over 730 billion in the same year. Ongoing industrialization and urbanization leading to elevate infrastructure and manufacturing facilities will support product penetration.

Based on end-use, industrial sector is projected to account for the largest FRP grating market share due to increasing preference over metal substitutes. In addition, oil & gas will depict a significant growth over the forecast timeframe, driven by recovering oil & gas exploration activities and higher product usage.

Walkway is expected to be the leading application amongst stair treads and platform covers during the forecast time period. This latest trend gaining momentum in the industry particularly owing to evolution of smart airports. Rise in advancement of energy efficient walkways offering attractive opportunities to optimize energy through reduced friction by scraping solutions will propel FRP grating market expansion.

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FRP grating market in North America is expected to generate high revenue as it represents a central economic zone for several businesses. Presence of key manufacturers and substantial development in the end-user industries will support the regional industry growth. Rise in usage of FRP building materials as they are well recognized for restoration of tainted concrete structures will boost FRP grating market demand. In addition, these materials improve strength and performance of infrastructures and are appropriate under severe environmental circumstances.

Other prominent players are Techno Composites Domine, Amico Seasafe, McNichols, AGC MAtex, Kemrock Industries & Exports, Daikure, Ferrotech International, Liberty Pultrusions and Exel Composites. New product launches, regional expansion coupled with development of pultrusion technology are major strategies adopted by several FRP grating market players to gain a competitive edge over the forecast timespan.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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