Europe Molded Fibreglass Reinforced Plastic (FRP) Grating Market, By Type (Polyester, Vinyl Ester, Epoxy, Phenolic, Polyurethanes, and Others), Product Type (Trench Covers, Angles, Squares, Flat Strips, I Beams, U Channel, Round Tube, Wide Flange Beams, Solid Rods, Fluted/Ladder Ring, Kick Plate/Toe Plate, and Others), Graftings (31-50MM, 10-30MM and Above 50MM), Applications (Platforms, Walkaways, Docks, Stair Trends, Hand Rails, Walls, and Others), End-Users (Petrochemicals, Pulp and Paper, Food and Beverages, Oil and Gas, Mining, Pharmaceutical, Electrical and Electronics, Water Management, Building and Construction, Marine, Defense, Sports and Leisure, and Others) - Industry Trends and Forecast to 2030.
Europe Molded Fibreglass Reinforced Plastic (FRP) Grating Market Analysis and Insights
Europe molded fibreglass reinforced plastic (FRP) grating market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.2% in the forecast period of 2023 to 2030 and is expected to reach USD 401,354.59 thousand by 2030. The major factor driving the growth of the molded FRP grating market is rising demand of the fiber-reinforced plastic (FRP) grating due to increasing the investments in the infrastructure sector and FRP gratings are high corrosion resistant and fire retardant in nature.
Fiberglass reinforced plastic (FRP) grating is a composite material manufactured by combining a resin and fiberglass matrix. Fiberglass reinforced plastic (FRP) grating offers properties such as corrosion resistance, high strength to weight ratio. UV resistance, minimal thermal expansion, low electrical and thermal conductivity and anti-skid surface. FRP grating are considered as highly durable in the harshest environment, high load-bearing capacity, easy to install and low cost maintenance. The driving factors growth of the market is providing safer alternative to steel.
Europe molded fibreglass reinforced plastic (FRP) grating market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2020 - 2015)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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By Type (Polyester, Vinyl Ester, Epoxy, Phenolic, Polyurethanes, and Others), Product Type (Trench Covers, Angles, Squares, Flat Strips, I Beams, U Channel, Round Tube, Wide Flange Beams, Solid Rods, Fluted/Ladder Ring, Kick Plate/Toe Plate, and Others), Graftings (31-50MM, 10-30MM and Above 50MM), Applications (Platforms, Walkaways, Docks, Stair Trends, Hand Rails, Walls, and Others), End-Users (Petrochemicals, Pulp and Paper, Food and Beverages, Oil and Gas, Mining, Pharmaceutical, Electrical and Electronics, Water Management, Building and Construction, Marine, Defense, Sports and Leisure, and Others)
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Countries Covered
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Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Denmark, Sweden, Poland, Norway, Finland and Rest of Europe
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Market Players Covered
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Fibergrate Composite Structures, TECHNO COMPOSITES, Fibrolux GmbH, Lionweld Kennedy, Eurograte, Locker Group Ltd, Exel Composites
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Market Definition
Fiberglass reinforced plastic (FRP) grating is a composite material manufactured by combining a matrix of resin and fibreglass. Fiberglass reinforced plastic (FRP) grating offers properties such as corrosion resistance, high strength to weight ratio. UV resistance, Minimal thermal expansion, low electrical and thermal conductivity and anti-skid surface. FRP grating are considered as highly durable in the harshest environment, high load-bearing capacity, easy to install and low cost maintenance. The driving factors behind growth of the market is providing safer alternative to steel.
Europe Molded Fibreglass Reinforced Plastic (FRP) Grating Market Dynamics
Drivers
- Increasing the investments in the infrastructure sector
FRP grating offers corrosion resistance, high strength to weight ratio, UV resistance, Minimal thermal expansion, low electrical and thermal conductivity, and anti-skid surface. These properties are expected to fuel the demand for the FRP grating across various end-use, including infrastructure sectors such as building and construction.
Demand for FRP grating is rising across the infrastructure sector is due to FRP gratings' low life cycle cost. Growing awareness regarding the advantages of FRP grating over conventional gratings. FRP offers an optimal strength to weight ratio alongside superior durability and affordability. FRP is composed of a protective polymer reinforced with high strength fibreglass. These materials together create a premium composite with many potential construction applications. FRP outperforms wood and concrete for bridges, pedestrian pathways, and other structures, while holding up the decades of wear and tear. Moreover, extremely versatile by nature, FRP is easily available, easy to install, and maintenance–free fabrications, making them ideal for infrastructure sector. All the aforementioned characteristics and advantages make FRP gratings the smartest choice for infrastructure projects adding to the growth of the molded fibreglass reinforced plastic (FRP) grating market.
- Providing a safer alternative to steel
FRP (Fibreglass Reinforced Plastic) is considered 70% lighter than steel with exceptional strength – to weight ratio. FRP is non-conductive and slip resistant, considered a safer alternative to steel. The glass fibre provides strength and stiffness, and the resin provides shape and protects the fibres. FRP composites have greater flexural strength, and pound – for pound is often stronger than steel and aluminum in the lengthwise direction. FRP reinforcement can have more than double the tensile strength of steel. FRP products are non-conductive and have a higher friction factor than steel, reducing the risk of electrical shocks and injuries caused by slips. Therefore becoming the clear choice for safer structural products. Moreover, stiffness and strength to weight ratio are important parameters when selecting the right material for building and infrastructure work. FRP strength to weight ratio is superior to steel, making it the right and smart choice. This can drive the market to growth in the forecasting period.
Opportunities
- Increase in application and advancement in aerospace, automotive, construction, rail and container transport
Fibreglass reinforced plastic (FRP) belongs to the category of composite materials, which comprise polymer matrix and other supporting fibrous materials. The materials are usually hard thermoset resin and resist chemical or abrasive damage. Due to these properties, FRP has huge opportunities in the following industries: aerospace, automotive, the construction field, and marine infrastructure. In the Aerospace industry, Carbon fibres in FRPs reduce the weight by 25% but ensure equal or greater strength than aluminum sheets. They also offer tensile strength and are more tolerant to harsh environments and extreme temperatures, which is crucial for aerospace industries. In the automotive industry a high strength-to-weight ratio is the Holy Grail for the automotive industry. This will help in reducing the weight and saving cost consumption of fuel, and with its lightweight properties, it will also help in increasing speed. In the construction industry, FRP is used to fortify existing structures (such as slabs, columns, or beams) to enhance their load-bearing capacity or to repair damage. This is extremely cost-effective and useful when it comes to equipping older structures. FRP is also used to manufacture highway structures like guardrails, signboards, drainage system and bridge decks, auto skyways, utility poles pipelines, oils, and gas and sewage. It is also used to build prefabricated houses, household furniture, appliances, swimming pools, and bathroom equipment. Hence, there is a huge opportunity for the company to grow in the market in the forecast period with the opportunity in various manufacturing industries like aerospace, automotive, marine, and construction industries.
Restraint/Challenge
- Difficulties in the reuse or recycling of FRP grating product
Molded fibreglass reinforced plastic grating is produced using resin, glass fibre, and other auxiliary materials as raw materials. Most FRP gratings have a long term service life of up to several years and are intended for going through many harsh conditions. Despite a wide preference and benefits of FRP grating, significant issues associated reuse or recyclability of the product is present in molded FRP grating market. Recycling means energy must be expended to convert waste into something valuable. In this scenario, molded FRP and almost all other products have no value for recycling or reusing. Existing methods for recycling these products are either too much costly or not as per the industry standards. The available process of recycling FRP grates includes three major types: physical recycling, energy recycling, and chemical recycling. All of these are very costly methods for application. Moreover, not having proper recycling methodologies available in the market makes the molded FRP grating market face challenges from regulatory bodies due to increasing awareness of sustainability goals. In addition, the non-availability of proper applications to commercialized products is expected to lead to a significant drop in sales for molded FRP grating products and acts as a bottleneck in the growth of the Europe molded fibreglass reinforced plastic (FRP) grating market.
Recent Developments
- In February 2022, Fibrolux GmbH announced about their new products. In this announcement they mentioned that all Glass reinforced plastic products and carbon rods will be available as ground rods. This will based on as per consumer requirement. This will help them to make larger product portfolio and may attract new consumer base.
- In April 2019, Eurograte celebrated ticomm and promaco forty years in business. This partnership laids down the professionalism, investments and passion as the foundation of the group and team.
Europe Molded Fibreglass Reinforced Plastic (FRP) Grating Market Scope
Europe molded fibreglass reinforced plastic (FRP) grating market is categorized based on type, product type, grafting height, application and merchant. The growth amongst these segments will help you analyse major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Polyester
- Vinyl Ester
- Phenolic
- Epoxy
- Polyurethanes
- Others
Based on type, the Europe molded fibreglass reinforced plastic (FRP) grating market is classified into polyester, vinyl ester, phenolic, epoxy, polyurethanes and others.
Product Type
- Angles
- Squares
- Flat Strips
- I Beams
- U Channel
- Round Tube
- Wide Flange Beams
- Trench Covers
- Solid Rods
- Fluted/Ladder Rung
- Kick Plate/Toe Plate
- Others
Based on product type, the Europe molded fibreglass reinforced plastic (FRP) grating market is classified into angles, squares, flat strips, I beams, U channel, round tube, wide flange beams, trench covers, solid rods, fluted/ladder rung, kick plate/toe plate and others.
Grafting Height
- 10-30 Mm
- 31-50 Mm
- Above 50 Mm
Based on the grafting height, the Europe molded fibreglass reinforced plastic (FRP) grating market is classified into 10-30 mm, 31-50 mm and above 50mm.
Application
- Stair Trends
- Walkaways
- Platforms
- Docks
- Hand Rails
- Walls
- Others
Based on the application, the Europe molded fibreglass reinforced plastic (FRP) grating market is classified into stair trends, walkaways, platforms, docks, hand rails, walls and others.
End-User
- Petrochemicals
- Pulp And Paper
- Building And Construction
- Food And Beverages
- Mining
- Pharmaceutical
- Oil And Gas
- Electrical And Electronics
- Water Management
- Marine
- Defense
- Sports And Leisure
- Others
Based on the end-user, the Europe molded fibreglass reinforced plastic (FRP) grating market is classified into petrochemicals, pulp and paper, building and construction, food and beverages, mining, pharmaceutical, oil and gas, electrical and electronics, water management, marine, defense, sports and leisure and others.
Europe Molded Fibreglass Reinforced Plastic (FRP) Grating Market Regional Analysis/Insights
The Europe molded fibreglass reinforced plastic (FRP) grating market is segmented on the basis of type, product type, grafting height, application and merchant.
The countries in the Europe molded fibreglass reinforced plastic (FRP) grating market are the Germany, U.K., Italy, France, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Denmark, Sweden, Poland, Norway, Finland and Rest of Europe. Germany is dominating the Europe molded fibreglass reinforced plastic (FRP) grating market in terms of market share and market revenue because of the rising application of FRP grating market across pharmaceutical, water treatment industry in the region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Molded Fibreglass Reinforced Plastic (FRP) Grating Market Share Analysis
Europe molded fibreglass reinforced plastic (FRP) grating market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, product lifeline curve. The above data points provided are only related to the companies’ focus related to the Europe molded fibreglass reinforced plastic (FRP) grating market.
Some of the prominent participants operating in the Europe molded fibreglass reinforced plastic (FRP) grating market are Fibergrate Composite Structures, TECHNO COMPOSITES, Fibrolux GmbH, Lionweld Kennedy, Eurograte, Locker Group Ltd and Exel Composites among others.
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