Middle East and Africa Molded Fibreglass Reinforced Plastic (FRP) Grating Market – Industry Trends and Forecast to 2029

 Middle East and Africa Molded Fibreglass Reinforced Plastic (FRP) Grating Market Analysis and Size

The importance of molded fibreglass reinforced plastic (FRP) gratings is growing day-by-day because of their unique features such as light transmission, conductivity, radar transparency, and high dielectric strength. The “polyester molded fibreglass reinforced plastic (FRP) grating” is the highest growing stimulus segment of the market due to some factors such as easy to process, fast to cure, low cost, and relatively strong and high availability during the forecast period.

Data Bridge Market Research analyses that the molded fibreglass reinforced plastic (FRP) grating market is expected to undergo a CAGR of 5.90% during the forecast period. This indicates that the market value, which was USD 11.70 billion in 2021, would rocket up to USD 18.51 billion by 2029.  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.

Middle East and Africa Molded Fibreglass Reinforced Plastic (FRP) Grating Market Scope and Segmentation

Market Definition

Molded fibreglass reinforced plastic (FRP) grating is made up of reinforcing fibres, fibreglass and thermosetting resins. Light transmission, conductivity, radar transparency and high dielectric strength are all advantages of this material. Molded fibreglass reinforced plastic (FRP) grating can survive in severe conditions for long periods of time without being damaged or harmed. This material is used in corrosive conditions to save money on maintenance. It has a high load-bearing capacity, durable enough to handle hard environments and easy to maintain and install. It can also be used for ventilation. 

Molded Fibreglass Reinforced Plastic (FRP) Grating Market Dynamics

Drivers

• Increasing demand molded fibreglass reinforced plastic (FRP) grating in defence and aerospace sector

The growth and expansion in defence and aerospace sector will generate exceptional demand for the demand of molded fibreglass reinforced plastic (FRP) grating from product. Aerospace equipment or device requires ultra-edge molded fibreglass reinforced plastic (FRP) grating which can sustain the product for long term, this factor may be the reason for the revenue growth in the molded fibreglass reinforced plastic (FRP) grating market. 

• Increasing application of molded fibreglass reinforced plastic (FRP) grating in the industrial sector

The increasing application of molded fibreglass reinforced plastic (FRP) grating for industrial sectors such as mining, pulp & paper, oil & gas, and food beverage is expected to boost the growth of the market. Molded fibreglass reinforced plastic (FRP) grating is extensively used for platforms, walkways and stair treads owing to its advantages such as low installation cost, strength, easy maintenance and durability.

Opportunities

• Increased research and development activities

Major market players are continuously investing in research and development activities to produce cost-effective molded fibreglass reinforced plastic (FRP) grating products that offer properties such as water and chemical resistance, high strength, non-corrosiveness, thermal, and electrical insulation. For instance, Strongwell Corporation supplies Duragrate molded grating for subflooring busy suspension bridges and the rooftop space in the U.S. and industrial applications. Molded fibreglass reinforced plastic (FRP) grating is used by several industries such as waste & water treatment plant, marine, petrochemical, refineries, ports, power plant, paper mill, and food processing industries owing to its superior features. Thus, increasing research and development activities is likely to create immense opportunities for market growth.

Restraints/Challenges

• Airborne fibers during re-gel coatings

Molded fibreglass reinforced plastic (FRP) grating requires to be re-gel coated around every five years and can result in airborne fibers, which may be a major issue for asthma sufferers. This procedure requires to be done in a very cautious manner. Therefore, this can become a small obstacle for the molded fibreglass reinforced plastic (FRP) grating market.

This molded fibreglass reinforced plastic (FRP) grating market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 fibreglass reinforced plastic (FRP) grating market contact Data Bridge Market Research for an Analyst Brief, our team will help you take 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.

COVID-19 Impact on Molded Fibreglass Reinforced Plastic (FRP) Grating Market

The outbreak of COVID-19 pandemic is projected to have a short-term impact on the global molded fibreglass reinforced plastic (FRP) gratings market. The demand for molded fibreglass reinforced plastic (FRP) grating from several industries is likely to decrease owing to lockdown restrictions and cross-border transportation and trade restrictions. On the flip side, the demand of molded fibreglass reinforced plastic (FRP) gratings has increased from the pharmaceutical sector is expected to increase the market value of molded fibreglass reinforced plastic (FRP) grating. However, post Covid-19 situation has combined effect on the targeted market during forecast period. 

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 Development

• In 2020, Gebrüder MEISER GmbH has participated in an exhibition LogiMAT in Europe which is generally for intralogistics solutions. The main goal of this exhibition is to deliver complete market overview which aids to increase the revenue growth of the company by showcasing the product in the market.

Middle East and Africa Molded Fibreglass Reinforced Plastic (FRP) Grating Market Scope

The molded fibreglass reinforced plastic (FRP) grating market is segmented on the basis of type, product type, grating height, technology, application and end-user. The growth amongst these segments will help you analyze meagre 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.

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

 Grating Height

• 10-30 mm
• 31-50 mm
• Above 50 mm

Technology

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

Application

• Stair Treads
• Walkaways
• Platforms
• Docks
• Hand Rails
• Walls
•  Others

End-User

• Petrochemicals
• Pulp & Paper
• Building & Construction
• Food & Beverages
• Mining
• Pharmaceutical
• Oil & Gas
• Electrical & Electronics
• Water Management
• Marine
• Defence
• Sports & Leisures
• Others

Molded Fibreglass Reinforced Plastic (FRP) Grating Market Regional Analysis/Insights

The molded fibreglass reinforced plastic (FRP) grating market is analyzed and market size insights and trends are provided by country, type, product type, grating height, technology, application and end-user as referenced above.

The countries covered in the molded fibreglass reinforced plastic (FRP) grating market report are 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).

UAE is dominating Middle East & Africa molded fibreglass reinforced plastic (FRP) grating market due to the growing construction activities in the developing countries. Moreover, the rise in the working population is likely to boost the demand for molded fibreglass reinforced plastic (FRP) grating in these regions.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Molded Fibreglass Reinforced Plastic (FRP) Grating Market Share Analysis

The molded fibreglass reinforced plastic (FRP) grating market competitive landscape provides details by competitor. 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, application dominance. The above data points provided are only related to the companies' focus related to molded fibreglass reinforced plastic (FRP) grating market.

Some of the major players operating in the molded fibreglass reinforced plastic (FRP) grating market are:

• Strongwell Corporation (U.S.) ­
• Gebrüder Meiser GmbH (Germany)
• Bedford Reinforced Plastics (U.S.)
• AGC Inc., (Japan)
• EUROGRATE (Italy)
• Ferrotech International FZE (UAE)
• LOCKERGROUP (Australia)
• Fibergrate (U.S.)
• Techno-Composites Domine GmbH (Germany)
• Exel Composites (Finland)
• Amrock, LLC (U.S.)
• AIMS Composites (U.S.)
• Liberty Pultrusions (U.S.)
• Lionweld Kennedy (U.K.)
• ARHAM COMPOSITES (India)
• SEASAFE, INC (U.S.)
• JiangYin RunLin Molding New Materials Co.,Ltd (China)

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