Press release
Molded Fibreglass Reinforced Plastic Grating Market Share 2023-2030
Molded Fibreglass Reinforced Plastic (FRP) Grating Market-DataM Intelligence
The global Molded Fibreglass Reinforced Plastic (FRP) Grating Market demonstrated robust growth, reaching $710.8 million in 2022 and is poised for substantial expansion, targeting $998.2 million by 2030, marking a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period from 2023 to 2030.
Molded FRP grating, known for its slip resistance, non-conductivity, and fire retardancy, has become a compliance-driven choice in workplaces, gradually replacing traditional materials such as steel, wood, and aluminum grating due to its superior properties. The market growth is further propelled by China's emergence as a key exporter of FRP grating, meeting global demand and influencing regions like North America, Europe, and Asia Pacific.
Market Scope and Metrics
CAGR: 4.4%
Size Available for Years: 2021-2030
Forecast Period: 2023-2030
Data Availability: Value (US$)
Segments Covered: Process, Resin, Application, End-User, and Region
Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region: Asia-Pacific
Largest Region: North America
Key Insights Covered in the Report
The report encompasses a comprehensive analysis, including Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Process Launches, Growth Strategies, Revenue Analysis, Porter's Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other Key Insights.
Download Sample: https://www.datamintelligence.com/download-sample/molded-fibreglass-reinforced-plastic-grating-market
Market Dynamics
1. Lightweight and High Strength-to-Weight Ratio:
The lightweight nature of FRP grating reduces transportation costs and simplifies installation, contributing to cost savings. The high strength-to-weight ratio is leveraged in large-scale infrastructure projects, promoting adoption in bridge construction.
2. Durability and Low Maintenance:
FRP grating's durability translates into a long service life and reduced maintenance costs. Recent advancements in resin systems and surface treatments enhance durability, offering cost-effective solutions with minimal maintenance requirements.
3. Limited Awareness and Familiarity:
Limited awareness among end-users about the benefits of FRP grating poses a challenge. Overcoming familiarity bias and educating potential customers about the advantages, such as corrosion resistance, durability, lightweight nature, and low maintenance requirements, is crucial for market growth.
Segment Analysis
Molded FRP Grating Segment Leading the Global Market with Versatility and Durability:
The molded FRP grating segment holds the majority of the market shares, driven by its versatility, ease of production, and cost-effectiveness. Manufactured through a molding process, this segment accounts for more than half of the global segmental share.
To know more Insights: https://www.datamintelligence.com/research-report/molded-fibreglass-reinforced-plastic-grating-market
Geographical Share
Established Industrial Base Drives the North American Molded Fibreglass Reinforced Plastic (FRP) Grating Market:
North America dominates the global market due to its well-developed industrial base across sectors such as oil and gas, chemical processing, water and wastewater treatment, and construction.
Key Market Players
The major global players include 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.
Related Reports:
Plastic Coatings Market: https://www.datamintelligence.com/research-report/plastic-coatings-market
Plastic Compounding Market: https://www.datamintelligence.com/research-report/plastic-compounding-market
Plastic Recycling Market: https://www.datamintelligence.com/research-report/plastic-recycling-market
Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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