FRP Grating Market Analysis

FRP Grating Market Analysis

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.
 

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.
 

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 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 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.