Global Molded FRP Grating Market – Industry Trends and Forecast to 2030

Global Molded FRP Grating Market, By Grating Height (10-30MM, 31-50MM, Above 50MM),  Application (Walkways, Docks, Handrails, Walls, Others), Type (Polyester, Vinyl ester, Phenolic, Epoxy, Polyurethanes, Stair Treads, Platforms, Others), Product Type (Angles, Square, Flat Strip, I Beams, U Channel, Round Tube, Wide Flange Beams, Trench Covers, Solid Rods, Fluted Tubes/Ladder Rung, Kick Plate/Toe Plate, Others), Technology (Compression Molding, Cold Press Molding, Vacuum Molding, Foam Molding, Others), End User (Petrochemicals, Pulp and paper, Building and Construction, Food and Beverages, Mining, Pharmaceutical, Oil and Gas, Electrical and Electronics, Water Management, Marine, Defiance, Sports and  Leisure, Others) - Industry Trends and Forecast to 2023 to 2030.

Molded FRP Grating Market Analysis and Size

The essential factors contributing to the growth of the molded FRP grating market in the forecast period of 2023 to 2020 include increasing demand for FRP grating in marine and construction and growing demand from the chemical industry. Moreover, the rising use in commercial, industrial, and residential sectors for various applications is significantly contributing to the market’s growth.

Data Bridge Market Research analyses that the molded FRP grating market, which was USD 1,705 million in 2022, is expected to reach USD 2,738.09 million by 2030, growing at a CAGR of 6.0% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Molded FRP Grating Market Scope and Segmentation

Market Definition

Molded FRP grating is manufactured by the combination of thermosetting resin with constant fiberglass roving in accurate molds. The individual panel contains about 65% resin and 35% fiberglass rovings. Molded fiberglass reinforced plastic (FRP) grating is corrosion-resistant in various environments. Along with this, they have a huge load-bearing capacity, they have simple installation and are easy to maintain, are appropriate for ventilation, and are strong to withstand the severest conditions.

Global Molded FRP Grating Market Dynamics

Drivers

• Increasing demand for FRP grating in marine and construction

Marine and construction widely use molded FRP grating due to its beneficial properties such as outstanding fatigue and corrosion resistance, stiffness and great strength, and other factors. Molded FRP grating is widely opted for by people in marine and construction as it is less expensive than the other present alternatives in the market. Along with this, it is highly durable, which makes it long-lasting for various construction applications, which drives the market’s growth.

• Growing demand in the chemical industry

There is surging demand for molded FRP grating in the chemical industry owing to its varied applications. Molded FRP grating is widely used in the chemical industry as it is an ideal material for walkways, platforms, and other surfaces. In the chemical industry, there is the risk of corrosive materials leaking or being spilled. Along with this, the chemical industry further provides various chemicals and other substances to other industry which uses molded FRP grating, which further drives the market’s growth.

Opportunities

• Surging demand in the electrical and electronics industry

There is surging demand for molded FRP grating in the electrical and electronics industry. Molded FRP grating is frequently used in electrically risky environments because it is non-conductive. It consequently decreases the risk of electric shock or other damages during an accident or any happening involving electricity, due to which a number of consumers are opting for it in comparison to other present alternatives, which is driving the market’s growth.

• Increasing demand in the food and beverage industry

Various applications of the food and beverage industry are performed in wet environments and oily surroundings, which increases the chances of employee injury due to the slippery conditions of stainless steel grating and walking surfaces. Molded FRP grating provides products such as fiberglass molded grating, stair treads, and gritted step covers, which have long-lasting, slip-resistant surfaces which are highly suitable for the working environment, which significantly boosts the molded FRP grating market.

Restraints/Challenges

• Leads to health hazards during re-gel coatings

Molded Fiberglass reinforced (FRP) grating requires re-gel coating about every five years and which results in airborne fibers. These airborne fibers are hazardous and cause severe problems for asthma sufferers. The process of molded FRP grating should be done in a very careful manner and environment. As molded FRP grating leads to several health hazards, consumers are shifting towards other alternatives, which is a significant factor restraining the market’s growth.

• Strict regulations and laws

Strict laws and regulations are implemented by the government and governing agencies as there are several environmental hazards due to various hazardous chemicals used during manufacturing. In addition, the disposal of waste materials produced during the process of molded FRP grating is a serious concern. Along with this, energy requirements for the production of new virgin materials are high, due to which there are several strict laws and regulations which hinder the market’s growth.

This molded FRP grating market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the molded FRP grating market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2020, Strongwell is one of the leading companies in the FRP grating market, and it has been expanding its product offerings in recent years. The company introduced a new line of lightweight FRP grating panels designed for use in platforms, walkways, and other applications.
• In 2020, Amico Industrial Group, a manufacturer of steel grating and other industrial products, acquired Alabama Metal Industries Corporation (AMICO), a manufacturer of FRP grating and other composite products.

Global Molded FRP Grating Market Scope

The molded FRP grating market is segmented on the basis of grating height, application, type, product type, technology and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Grating Height

• 10-30MM
• 31-50MM
• Above 50MM

Application

• Walkways
• Docks
• Handrails
• Walls
• Others
• Stair Treads
• Platforms

Type

• Polyester
• Vinyl Ester
• Phenolic
• Epoxy
• Polyurethanes
• Others

Product Type

• Angles
• Square
• Flat Strip
• I Beams
• U Channel
• Round Tube
• Wide Flange Beams
• Trench Covers
• Solid Rods
• Fluted Tubes/Ladder Rung
• Kick Plate/Toe Plate
• Others

Technology

• Compression Molding
• Cold Press Molding
• Vacuum Molding
• Foam Molding
• 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

Global Molded FRP Grating Market Regional Analysis/Insights

The molded FRP grating market is analyzed, and market size insights and trends are provided by grating height, application, type, product type, technology and end user, as referenced above.

The countries covered in the molded FRP grating market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the molded fiberglass reinforced plastic (FRP) grating market owing to the surging and favorable investment policies by the government in order to promote industrial growth, rise in population, and developing economies. Surging demand in the chemicals industry and other industries is boosting the market’s growth in the region.

Europe is expected to grow during the forecast period of 2023 to 2030 owing to their high resistance to solvents and oils, as they can be used at higher temperatures than other types of rubbers. Along with this, the surging demand in various end user industries is driving the market’s growth in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream 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 global 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 Global Molded FRP Grating Market Share Analysis

The molded FRP grating market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to molded FRP grating market.

Some of the major players operating in the molded FRP grating market are:

• Fibergrate Composite Pvt. Ltd. (U.S.)
• Gebrüder MEISER GmbH. (Germany)
• Fibrolux GmbH (Germany)
• McNICHOLS CO. (U.S.)
• STRONGWELL CORPORATION (U.S.)
• Bedford Reinforced Plastics. (U.S.)
• American Grating (U.S.)
• Peabody Engineering LLC. (U.S.)
• Techno-Composites Domine GmbH (Germany)
• Liberty Pultrusions (U.S.)
• SEASAFE, Inc. (U.S.)
• National Grating (U.S.)
• Delta Composites, LLC (U.S.)
• AGC Inc. (Japan)
• Higoal (India
• Hebei Mapel FRP Industry Co., Ltd (China)
• Suzhou Grating CO., Ltd. (China)
• Indiana Group. (India)
• Gardner Buisness Media, Inc. (U.S.
• LOCKERGROUP (Australia)