Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 11.70 Billion |
| USD 18.51 Billion | |
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Middle East and Africa Molded Fibreglass Reinforced Plastic (FRP) Grating Market, By Type (Polyester, Vinyl Ester, Phenolic, Epoxy, Polyurethanes and 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 and Others), Grating Height (10-30 mm, 31-50 mm and Above 50 mm), Technology (Compression Molding, Cold Press Molding, Vacuum Molding, Foam Molding and Others), Application (Stair Treads, Walkaways, Platforms, Docks, Hand Rails, Walls And Others) , End-User (Petrochemicals, Pulp & Paper, Building & Construction, Food & Beverages, Mining, Pharmaceutical, Oil & Gas, Electrical & Electronics, Water Management, Marine, Defence, Sports & Leisures and Others) – Industry Trends and Forecast to 2029.
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.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Polyester, Vinyl Ester, Phenolic, Epoxy, Polyurethanes and 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 and Others), Grating Height (10-30 mm, 31-50 mm and Above 50 mm), Technology (Compression Molding, Cold Press Molding, Vacuum Molding, Foam Molding and Others), Application (Stair Treads, Walkaways, Platforms, Docks, Hand Rails, Walls And Others) , End-User (Petrochemicals, Pulp & Paper, Building & Construction, Food & Beverages, Mining, Pharmaceutical, Oil & Gas, Electrical & Electronics, Water Management, Marine, Defence, Sports & Leisures and Others)
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Countries Covered
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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)
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Market Players Covered
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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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Market Opportunities
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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.
Drivers
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.
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
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
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.
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
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
Product Type
Grating Height
Technology
Application
End-User
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.
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:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Middle East And Africa Molded Frp Grating Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Middle East And Africa Molded Frp Grating Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.