FRP Grating Market is Forecasted to Reach US$ 0.7 billion in 2030, Says Stratview Research

The global FRP Grating Market is projected to witness a growth rate of 4.9% annually from 2024 to 2030, with an anticipated size of US$ 0.7 billion in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global FRP Grating Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/282/FRP-grating-market.html#form

Report Highlights:
Market Size in 2030: US$ 0.7 billion
Growth (CAGR): 4.9% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the FRP Grating Market:
The global FRP Grating Market is segmented process type, resin type, application type, end-use industry type and region

Based on process type: The global FRP grating market is segmented based on the process type into molded grating and pultruded grating. Molded grating is expected to remain the widely used process for FRP grating during the forecast period, whereas pultruded grating is likely to witness higher growth during the same period. Molded grating is mainly driven by its properties like higher strength and stiffness.
All major players are manufacturing FRP grating utilizing the pultrusion process and are likely to stick with the technology in the foreseeable future as well. Pultruded grating is used in all major industries including industrial, oil & gas, pulp & paper, and mining.

Based on resin type: The global FRP grating market is segmented into polyester grating, vinyl ester grating, phenolic grating, and other gratings. Polyester grating is expected to remain the most dominant and fastest-growing resin during the forecast period.
The polyester resin is likely to witness the highest growth over the next six years, driven by its low cost, excellent chemical resistance, and good mechanical performance.
Phenolic resin is also experiencing healthy growth in the market, especially in the oil & gas industry.

Based on the end-use industry: The market is segmented into Industrial, Transportation, Oil & Gas, Water Management, and Others. The industrial is also likely to witness the highest growth during the same period, driven by a higher preference for FRP grating over metal ones. The oil & gas industry is also expected to register healthy growth during the same period, driven by rebounding oil & gas exploration activities and higher usage of FRP grating.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests Asia-Pacific is expected to remain the largest market for FRP grating during the forecast period. This growth outlook is majorly attributed to the following-
• China and India would remain the growth engines of the Asia-Pacific's FRP grating market and are continuously creating a greater demand for FRP grating in industrial, oil & gas, and cooling tower applications.
• The region is also likely to witness the highest growth during the same period.

FRP Grating Market Drivers:
The FRP Grating Market is driven by several key factors, including:
• The FRP grating market is projected to grow at a rapid rate, driven by evolving material science, infrastructural developments, and a trend toward sustainable construction practices.
• With industries moving toward durable, cost-effective, and green solutions, the demand for FRP gratings will rapidly increase on a global scale.
• FRP grating is gaining market traction in most of the major end-use industries by replacing traditional metal grating.

Top 10 Companies in the FRP Grating Market:
Stratview Research has identified the following companies as the top market players:
• Bedford Reinforced Plastics
• Creative Composite Group(H&S Group)
• ChinaGrate Composite Structures (Nantong) Ltd.
• Exel Composites Oyj
• Fibergrates Composites Structures
• Fiberline Composites A/S
• McNICHOLS Corporation
• Meiser GmbH
• Strongwell Corporation
• Valmont Industries, Inc. (Webforge and Locker Group)

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the FRP Grating Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• FRP Rebar Market: https://www.stratviewresearch.com/3612/FRP-rebar-market.html
• Pultruded Panels Market: https://www.stratviewresearch.com/1022/pultruded-panels-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.