Molded Fibreglass Reinforced Plastic (FRP) Grating Market is expected to reach US$ 998.2 million by 2030

Report Overview
Global Molded Fibreglass Reinforced Plastic (FRP) Grating Market reached US$ 710.8 million in 2022 and is expected to reach US$ 998.2 million by 2030, growing with a CAGR of 4.4% during the forecast period 2023-2030.

Molded FRP grating, known for its slip resistance, non-conductivity, and fire retardancy, has become increasingly popular in workplaces, driven by its compliance with safety regulations. This has led to the replacement of traditional materials such as steel, wood, and aluminum grating with molded FRP grating, thanks to its superior properties, consequently fueling market growth.

China has emerged as a significant global exporter of FRP grating, meeting the increasing demand across regions. The country's robust manufacturing capabilities and competitive pricing have positioned it as a preferred source for FRP grating products in North America, Europe, and the Asia Pacific. The Chinese government has implemented various initiatives to promote the use of FRP grating, including introducing regulations and standards focused on safety and environmental protection. This encouragement for the adoption of corrosion-resistant materials like FRP grating in various industries aligns with policies supporting sustainable development and energy conservation, contributing further to the market's growth. As a result, China holds a substantial portion of the regional market shares and is anticipated to exhibit the highest Compound Annual Growth Rate (CAGR) during the forecasted period.

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Market Dynamics

The durability of FRP grating contributes to an extended service life and lower replacement or repair costs compared to traditional materials like steel or wood. Recent advancements in resin systems, manufacturing techniques, and surface treatments have further improved the durability of FRP grating, offering cost-effective solutions with reduced maintenance requirements and long-term benefits.

The low maintenance demands of FRP grating translate to decreased downtime for maintenance activities, particularly advantageous in industries where operational efficiency is critical. Ongoing developments in FRP grating technology have specifically targeted improvements in surface coatings, making them more resistant to abrasion, chemicals, and UV radiation. These enhancements minimize the need for frequent cleaning, repairs, or replacements, ultimately reducing downtime and contributing to the overall growth of the FRP grating market.

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Market Segmentation

By Process
Molded FRP Grating
Pultruded FRP Grating

By Resin
Polyester Resin
Vinyl Ester Resin
Phenolic Resin
Epoxy Resin
Polurethane Resin

By Application
Stair Treads
Walkaways
Platforms
Others

By End-User
Industrial
Transportation
Water Management
Marine

Market Key Players
Major players are STRONGWELL CORPORATION, tc-domine, Gebrüder Meiser GmbH, Bedford Reinforced Plastics, AGC Inc., Liberty Pultrusions, AIMS INTERNATIONAL, McNICHOLS CO., INC., Lionweld Kennedy Flooring Ltd, JiangYin RunLin Molding New Materials Co.,Ltd.

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