According to MRFR analysis, the Fiber-Reinforced Plastic (FRP) Grating Market is projected to register a CAGR of 4.52% to reach USD 688.59 Million by the end of 2027.
Fiber-reinforced plastic (FRP) is a composite material fabricated by combining fiberglass and a matrix of resin. FRP grating offers properties such as corrosion resistance, high strength-to-weight ratio, UV resistance, minimal thermal expansion, low electrical & thermal conductivity, and anti-skid surface. These properties are expected to fuel the demand for these grating across various end-use industries such as building & construction, oil & gas, wastewater treatment, food & beverage, and chemical processing.
The key factors favoring the growth of the fiber-reinforced plastic (FRP) grating market are increasing investments in the infrastructure sector, rising demand for FRP grating across various end-use industries, low life cycle cost of FRP gratings, and growing awareness regarding the advantages of FRP grating over conventional gratings. For instance, FRP grating weighs 30% lighter than aluminum grating and 75% than steel grating, thus making it a material of choice for applications such as stair treads, walkways, and platforms, where lightweight gratings are preferred.
Moreover, FRP gratings being impervious to corrosion from metal salts and acids give them an upper hand over conventional grating materials in end-use industries, where these chemicals are used. This is further expected to boost the market growth during the forecast period.
However, the high cost associated with the disposal and recyclability of fiber-reinforced plastic (FRP) grating is a challenge and is expected to hinder the market growth during the forecast period.
The stringent regulations set by government bodies for the disposal of conventional grating materials is compelling manufacturers to adopt polymeric composite grating materials, which is expected to boost the market growth during the forecast. Aluminum waste or aluminum production waste can be considered hazardous according to the Environmental Protection Agency (EPA) standards EPA 40 CFR Sec. 261.23, for ‘it reacts violently with water’; EPA 40 CFR Sec. 261.21; European Standards –EN ISO 14129, for ’determination of the in-plane shear stress/shear strain response’; The International Organization for Standardization – ISO 22088, for ‘determination of resistance to environmental stress cracking’.
By Material Type
By Product Type
By End-Use Industry
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material Type, Product Type, End-Use and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Strongwell Corporation (US) — DURAGRATE, Gebrüder Meiser GmbH (Germany) — I-Bar, Bedford Reinforced Plastics (US) — PROgrate, AGC Matex Co. Ltd. (Japan) — GS type grating, Euro grade Fiberglass Grating (Italy) — EUROGRATE, Ferrotech International FZE (UAE), LOCKERGROUP — Vinyl Ester ‘V’ Yellow Fibreglass Grating, Fibergrate Composite Structures Inc. (US) — Safe-T-Span, Techno Composites Domine GmbH (UK), Exel Composites (Finland), AMROCK (US), AIMS INTERNATIONAL (US)|
|Key Market Opportunities||High cost associated with the disposal and recyclability of FRP gratings|
|Key Market Drivers||
fiber-reinforced plastic grating market is projected to grow at a 4.52% CAGR between 2019-2025.
fiber-reinforced plastic grating market is predicted to touch USD 688.59 million by 2025.
The Asia Pacific is projected to dominate the fiber-reinforced plastic grating market.
Low lifecycle cost and growing demand across different end use industries are the key factors driving the fiber-reinforced plastic grating market growth.
High cost related to disposal and recyclability may limit the fiber-reinforced plastic grating market growth.