Molded FRP Grating Market – By Resin Type, By Application, By End Use & Forecast, 2024- 2032

Molded FRP Grating Market Size

The glo bal molded FRP grating market was valued at USD 297.7 million in 2023 and is estimated to grow at a CAGR of over 3.9% from 2024 to 2032.
 

Molded FRP (fiber reinforced plastic) grating is a strong, lightweight material that resists corrosion and chemicals. This makes it ideal for tough environments. In the water and wastewater treatment sector, FRP grating's corrosion resistance is essential. It performs well in areas with constant moisture and harsh chemicals that can quickly damage materials like steel. As industries seek durable materials with low maintenance needs, molded FRP grating helps reduce replacement costs and improve efficiency.
 

Rising safety standards in industrial settings have increased the demand for FRP grating in walkways and platforms. Its anti-slip surface and high strength-to-weight ratio enhance worker safety and make installation easier. The grating's durability also reduces the risk of structural damage, creating a safer work environment. Additionally, the growth of the oil and gas infrastructure has led to a higher demand for strong, lightweight, and corrosion-resistant materials. FRP grating's resistance to chemical corrosion, especially from oil byproducts, and its flame-retardant options make it a valuable choice in this industry. These factors highlight the importance of molded FRP grating in sectors that prioritize safety, durability, and cost efficiency, reflecting a growing market trend for versatile and resilient materials.
 

Molded FRP Grating Market Trends

The global molded FRP grating industry is seeing several important trends due to new material technology and a move towards sustainable practices. Better resin formulations have made FRP gratings more durable and resistant to chemicals, which has increased their use in industries like food processing, marine, and chemical processing. Another trend is the rise in custom design and color options, allowing FRP gratings to meet specific safety and aesthetic needs in infrastructure and commercial projects. Additionally, stricter environmental regulations and a preference for eco-friendly materials are pushing manufacturers to use bio-based resins, making FRP grating a good choice for green construction. The market is also seeing more demand for non-conductive and non-magnetic grating solutions, especially in the electronics and power sectors, due to safety reasons. These trends show the market's focus on versatility, performance, and environmental responsibility in response to changing industrial needs.
 

Molded FRP Grating Market Analysis

The molded FRP grating industry faces challenges due to high initial costs and raw material price changes. Molded FRP grating is durable and resists corrosion but costs more upfront than materials like steel or aluminum. This higher cost can turn away budget-sensitive sectors, even though FRP saves money on maintenance and replacements over time. The market also suffers from price swings in raw materials, especially resins and fiberglass, which are key to making FRP. Changes in the supply chain or higher demand for these materials can make production costs unpredictable, hurting manufacturers' profit margins. Companies must price their products carefully to stay profitable and attract customers. They also need to find new ways to source and produce materials to manage costs while highlighting the long-term benefits of FRP grating.
 

Based on resin type, the market is segmented into polyester, vinyl ester, phenolic, epoxy and others. Polyester resin leads, earning USD 130.6 million in revenue in 2023. Industries prefer polyester-based FRP gratings for their cost-effectiveness and performance. These gratings offer good chemical resistance and durability, making them suitable for wastewater treatment, chemical processing, and walkways. Polyester resin is cheaper than alternatives like vinyl ester and epoxy, making it a popular choice for projects needing strong grating at a lower cost. As industries look for materials that balance cost and function, polyester FRP grating remains a top choice globally.
 

Based on application, the molded FRP grating market is segmented into walkways, stair treads, trench covers, platforms and others. In 2023, molded FRP grating used for walkways held a 29.8% market share. This is due to its durability, corrosion resistance, and low maintenance needs, making it ideal for industrial and commercial walkways. Molded FRP grating is especially useful in areas with high moisture or chemicals, like water treatment plants, marine settings, and chemical plants, where traditional materials wear out quickly. Its lightweight design makes installation easier, and its anti-slip surface improves worker safety, which is crucial in industrial areas. These benefits make FRP grating a key material for walkways, maintaining its strong market position.
 

Based on end use industry, the market is segmented into oil & gas, chemical processing, water & wastewater treatment, marine and others. As of 2023, the oil and gas sector holds a 26.1% share of the market. This is because the material works well in harsh, corrosive environments. Molded FRP grating is widely used in offshore platforms, refineries, and processing plants. It is resistant to corrosion, lightweight, and durable in extreme conditions. Unlike traditional materials, FRP needs less maintenance and can handle exposure to chemicals and saltwater. This reduces downtime and replacement costs. Additionally, features like anti-slip surfaces and fire-resistant options improve safety and meet strict industry standards, making FRP popular in oil and gas applications.
 

In 2023, the U.S. molded FRP grating market earned USD 79.1 million, driven by demand in oil and gas, chemical processing, and wastewater treatment. Increased infrastructure investments boost the market, especially in sectors needing durable materials that lower maintenance costs. FRP is popular due to its high strength-to-weight ratio, corrosion resistance, and fire-retardant properties, making it a preferred choice for companies focused on worker safety and cost savings.
 

U.S. leads the North American market with its large industrial base and advancements in materials technology. Canada and Mexico also see growing demand, supported by their expanding oil and gas sectors and higher safety standards. The regional market continues to grow as industries adopt molded FRP grating to improve efficiency, reduce maintenance costs, and meet strict safety and environmental regulations.
 

Molded FRP Grating Market Share

In the molded FRP grating industry, Strongwell Corporation and Fibergrate Composite Structures are key players. They compete in areas like product innovation, pricing, and distribution networks. Strongwell is known for its wide range of FRP products and focus on sustainability. It stands out with advanced engineering solutions and strong customer service. Fibergrate uses its long industry experience and reputation for high-quality products to attract a diverse range of clients. Both companies invest heavily in research and development to improve product performance and meet strict safety standards. They also focus on efficient distribution to ensure timely delivery and availability in various regions. This is crucial for meeting the fast-paced demands of industries like oil and gas, chemical processing, and wastewater treatment.

Molded FRP Grating Market Companies

Major players operating in the molded FRP grating industry are:

• American Grating
• Bedford Reinforced Plastics
• Delta Composite
• Fibergrate Composite Structures
• Fibrolux
• Higoal
• Indiana Group
• Liberty Pultrusions
• Meiser Grating
• National Grating
• Peabody Engineering
• Seasafe
• Strongwell Corporation       
    

Molded FRP Grating Industry News

• In July 2024, National Grating announced the opening of a new distribution center in Woodstock, Ontario, Canada, to stock a comprehensive inventory of FRP molded and pultruded grating products. This expansion aimed to meet the growing demand from metal fabricators and contractors in eastern North America.
   
• In January 2024, Fibergrate Composite Structures announced the inclusion of Microban antimicrobial technology in its range of FRP products. This feature enhances cleanliness standards for products like molded grating, stair treads, and high-touch surfaces such as guardrails and ladders.
   

The molded FRP grating market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) & volume (Kilo Tons) from 2021 to 2032, for the following segments:

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Market, By Resin Type

• Polyester
• Vinyl ester
• Phenolic
• Epoxy
• Others

Market, By Application

• Walkways 
• Stair treads
• Trench covers
• Platforms
• Others (docks, handrails, etc.)

Market, By End Use Industry

• Oil & gas
• Chemical processing
• Water & wastewater treatment
• Marine
• Others (food & beverage, power, etc.)

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa