FRP Grating Market Size

FRP Grating Market Size

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.

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.