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Molded FRP Grating Market Size

Report ID: GMI12226
Published Date: Nov 2024
Report Format: PDF

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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.

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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.

Molded FRP Grating Market Report Attributes
Report Attribute	Details
Base Year:	2023
Molded FRP Grating Market Size in 2023:	USD 297.7 Million
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	3.9%
2032 Value Projection:	USD 420.2 Million
Historical Data for:	2021 - 2023
No. of Pages:	310
Tables, Charts & Figures:	240
Segments covered:	Resin Type, Application, End Use Industry
Growth Drivers:	Increased adoption in water and wastewater treatment facilities due to corrosion resistance Rising safety standards driving demand in industrial walkways and platforms Expanding oil and gas infrastructure requiring lightweight, durable grating solutions
Pitfalls & Challenges:	High initial costs of molded FRP grating compared to traditional materials Volatility in raw material prices affecting production costs and profitability

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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.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for molded FRP grating was valued at USD 297.7 million in 2023 and is expected to reach USD 420.2 million by 2032, driven by a CAGR of over 3.9% from 2024 to 2032.

Polyester resin accounted for USD 130.6 million in revenue in 2023, driven by its cost-effectiveness and performance in various industrial applications.

The U.S. market generated USD 79.1 million in 2023, driven by demand in oil and gas, chemical processing, and wastewater treatment sectors.

Major players in the industry include American Grating, Bedford Reinforced Plastics, Delta Composite, Fibergrate Composite Structures, Fibrolux, Higoal, Indiana Group, Liberty Pultrusions, Meiser Grating, National Grating, and Peabody Engineering.