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Molded FRP Grating Market Trends

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

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.

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.

Molded FRP Grating Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 240
  • Countries covered: 18
  • Pages: 310
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