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FRP Grating Market value estimated to soar higher during 2019 - 2025

Author : Rahul Varpe | Published Date : 2019-12-03 

FRP Grating Market research report contains complete Industry outlook, market manufacturers and key statistics analysis. The industry sales & Share, trends are all discussed, explained and analyzed. It provides marketing strategy analysis, distributors/traders list, raw materials analysis, import and export analysis, Key success factors and Supply Chain Analysis.

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.

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FRP grating market in 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 FRP grating market demand. In addition, these materials improve strength and performance of infrastructures and are appropriate under severe environmental circumstances.

Asia Pacific is anticipated to dominate the overall FRP grating market share owing to rising adoption of high performance scraping materials in several industries. China and India are projected to be the key contributing countries across the region as they generate greater product demand for industrial, oil & gas and cooling tower applications.

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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Based on end-use, industrial sector is projected to account for the largest FRP grating market share due to increasing preference over metal substitutes. In addition, oil & gas will depict a significant growth over the forecast timeframe, driven by recovering oil & gas exploration activities and higher product usage.

Major key restraint faced by industry participant includes limited profile shapes, low cutting & fabricating ability and high resin content resulting in a more brittle material. Threat of substitutes at low cost may hamper FRP grating market growth.

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.

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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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