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FRP Grating Market 2019 – 2024 | Trends, Forecast & Key Players Analysis

Author : Rahul Varpe | Published Date : 2019-10-10 

FRP Grating Market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, region and end-use. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the FRP Grating industry, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the FRP Grating Market competitive environment, diving into the industry position of each major company along with the strategic landscape.

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Increase in government budgets on repairing and construction in several developing countries has positively impacted FRP grating market growth. For instance, China construction spending was more than 1.6 trillion in 2015, while Japan spent over 730 billion in the same year. Ongoing industrialization and urbanization leading to elevate infrastructure and manufacturing facilities will support product penetration.

Walkway is expected to be the leading application amongst stair treads and platform covers during the forecast time period. This latest trend gaining momentum in the industry particularly owing to evolution of smart airports. Rise in advancement of energy efficient walkways offering attractive opportunities to optimize energy through reduced friction by scraping solutions will propel FRP grating market expansion.

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Other prominent players are Techno Composites Domine, Amico Seasafe, McNichols, AGC MAtex, Kemrock Industries & Exports, Daikure, Ferrotech International, Liberty Pultrusions and Exel Composites. New product launches, regional expansion coupled with development of pultrusion technology are major strategies adopted by several FRP grating market players to gain a competitive edge over the forecast timespan.

North America is expected to generate high revenue as it represents a central economic zone for several businesses. Presence of key manufacturers and substantial development in the end-user industries will support the regional industry growth. Rise in usage of FRP building materials as they are well recognized for restoration of tainted concrete structures will boost product demand. In addition, these materials improve strength and performance of infrastructures and are appropriate under severe environmental circumstances.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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