FRP Grating Market Size By Resin Type (Polyester, Vinyl Ester, Phenolic), By Process (Molded, Pultruded), By Application (Stair Treads, Walkways, Platforms), By End-use (Industrial, Marine, Waste & Water Treatment, Cooling Towers), Industry Analysis Report, Regional Outlook, Competitive Market Share and Forecast, 2021 – 2027

Published Date: May 2021  |  Report ID: GMI2307  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 315   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Overview

FRP grating market size was valued at around USD 452 million in 2020 and will exhibit a growth rate of over 4.4% CAGR from 2021 to 2027. Rapid industrialization in developing countries is likely to escalate the demand for FRP grating in various industries such as pulp & paper, oil & gas, and mining.
 

FRP grating is a composite material consisting of reinforcing fibers, thermosetting resins, and fiberglass. Fiber reinforced plastic composites offer excellent advantages such as light transmission, radar transparency, conductivity, and high dielectric strength. FRP grating is able to withstand harsh environments for extended time periods without being damaged or degraded. As FRP grinding does not rust like steel grinding, it is utilized in corrosive environments to save money on maintenance. It has a high load-bearing capacity, is simple to install and maintain, suitable for ventilation, and is tough enough to withstand the harsh conditions.
 

FRP Grating Market Outlook

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Industry players are continuously investing in R&D to develop cost-effective FRP grating products that offer properties such as high strength, non-corrosiveness, water and chemical resistance, thermal, and electrical insulation. For instance, Strongwell Corporation supplies Duragrate molded grating for industrial applications as well as for subflooring of the rooftop space and busy suspension bridges in the U.S. Fiber reinforced plastic grating is used by various industries such as petrochemical, refineries, ports, power plant, paper mill, waste & water treatment plant, marine, and food processing industries due to its superior features.
 

Increasing demand for FRP grating for walkways, platforms, and stairways will drive the FRP grating market. As compared to carbon steel, stainless steel, and aluminum, FRP grating is more cost-effective, which is one of the major advantages for end users. Apart from industrial applications, the demand for FRP grating is increasing in residential applications.
 

Surging commercial and industrial construction activities mainly in the U.S. and European countries have further propelled the demand for grating flooring. Additionally, the government is providing additional incentives to the FRP industry to produce composite materials, which will replace traditional materials such as steel, wood, aluminum, and concrete.
 

Rising demand for polyester will complement the industry growth

Fiber Reinforced Plastic Market by Resin Type

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The polyester segment held the largest market share of around 50% in 2020 and is anticipated to grow at a CAGR of over 4.4%. Polyester is largely used due to its low cost, easy to process, fast to cure, and relatively strong and availability. Glass fiber is generally used as a reinforcing material and polyester resin is usually used as a bending agent.
 

Vinyl Ester and phenolic are projected to grow significantly in the coming years. Vinyl Ester is more tolerant of stretching than polyesters and performs very well in FRP grating but is more expensive when compared to polyesters. The usage of such FRP grating in the construction industry will further escalate the revenue generation of FRP grating market.
 

The increasing adoption of pultrusion technology will boost the FRP grating market share

Fiber Reinforced Plastic Market by Process

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Based on process, the global FRP grating market share is dominated by the molded process. Molded grating is made by interweaving continuous glass fibers in the mold in both horizontal and vertical directions. Layer by layer, these glass fibers are extensively wetted with liquid resins. Then the panel is cured in a hot mold. This continuous procedure results in a one-piece, integral construction panel with exceptional bi-directional strength and erosion resistance.
 

The advanced technology used in FRP grating production is pultrusion manufacturing technique. Pultrusion technology is used to produce lengths of reinforced polymers with constant cross-sections. This provides a high glass to resin ratio and increases the stiffness along the length. Pultrusion technology offers end user industries a wide variety of FRP grating panel sizes because it is assembled and not molded.
 

Increasing use of FRP grating in walkway applications will drive the market

Walkways segment will account for over 55% of market share in 2027 to the increasing applications in various industries. Moreover, due to its advantages, such as cost efficiency, durability, and lower maintenance cost as compared to other metal grating solutions such as steel, FRP grating is widely used in warehouses and factories. Also, FRP grating is majorly used in stair treads as it is corrosion and erosion resistant and offers cost-effective solutions.
 

The increasing application of FRP grating in the industrial sector will drive the overall market

Fiber Reinforced Plastic Market by End User

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The industrial category will account for over 35% market share in 2027, in terms of revenue. The rising application of FRP grating for industrial sectors such as pulp & paper, oil & gas, mining, and food beverage is likely to boost the FRP grating market growth. FRP grating is widely used for walkways, platforms, and stair treads due to its advantages such as easy maintenance, low installation cost, strength, and durability.
 

Additionally, the rising new construction in several developing economies is anticipated to propel the application of FRP gratings. Furthermore, the waste & water treatment industry is projected to observe a rapid growth rate owing to the growing product adoption in various water treatment plants. Additionally, the development of green buildings and government regulations on the reduction of greenhouse gas emissions will boost the demand for FRP grating products.
 

Asia Pacific to witness significant growth during the forecast period

APAC FRP Grating Market

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Asia Pacific dominated the global FRP grating market and will reach USD 220 million by 2027 owing to the growing industrial sectors and construction industry, especially in China and India. Rising infrastructural investments in India and China are likely to offer new growth opportunities to the overall industry growth. Additionally, surging expenditures in industrial construction improvement have significantly influenced the demand for FRP grating in the country.
 

The North America is likely to grow significantly owing to the rising application of FRP grating in marine and cooling towers. Additionally, in the U.S., several industrial sites are installing FRP grating by replacing traditional steel grating in stair treads, walkways, and platforms.
 

Product expansion is one of the major strategic outlooks of the overall industry

Global FRP grating industry players majorly focus on expanding their product range to enhance their business capabilities. Major players are expanding their presence in emerging economies to cater to the increasing need for FRP grating. Some of the key manufacturers include Fibergrate Composite Structures Ltd, Aeron Composite, Ferrotech International FZE, Bedford Reinforced Plastics, Creative Pultrusions, Delta Composites, LLC, AGC Matex Co. Ltd., Eurograte Fiberglass Grating, Fibrolux GmbH, National Grating, Sea Safe Inc, Exel Composites, Strongwell Corporation, and Webforge, among others.
 

The FRP Grating Market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square meter & revenue in USD million from 2017 to 2027 for the following segments:

By Resin Type

  • Polyester
  • Vinyl ester
  • Phenolic
  • Others

By Process

  • Molded
  • Pultruded

By Application

  • Stair Treads
  • Walkways
  • Platforms
  • Others

By End-User

  • Industrial
  • Marine
  • Waste & water treatment
  • Cooling towers
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

 

Frequently Asked Questions (FAQ) :

The global market for FRP grating was valued at around USD 452 million in 2020 and will grow at more than 4.4% CAGR up to 2027 with robust industrialization in emerging economies.
The polyester segment will expand at a 4.4% CAGR through 2027 mainly due to low cost, easy availability and easy to process attributes.
The industrial applications will hold more than 35% of total FRP grating industry share by 2027 due to rising construction activities and robust demand from sectors like pulp and paper manufacturing.
The market share from the pultruded process segment will observe notable gains owing to surged demand for high glass to resin ratio.
The Asia Pacific is forecast to be valued at USD 220 million by 2027 with expanding infrastructural investments and flourishing industrial sector.

Premium Report Details

  • Published Date: May 2021
  • Pages: 315
  • Tables: 253
  • Charts / Figures: 12
  • Companies covered: 14
  • Countries covered: 17

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