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Molded FRP Grating Market Size And Forecast by 2031
Data Bridge Market Research analyses that the molded FRP grating market, which was USD 1,705 million in 2022, is expected to reach USD 2,738.09 million by 2030, growing at a CAGR of 6.0% during the forecast period of 2023 to 2030.. Molded FRP Grating Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of Size, Share, Scope, Demand, Growth, Value, Opportunities, Industry Statistics, Industry Trends, Industry Share, Revenue Analysis, Revenue Forecast, Future Scope, Challenges, Growth Drivers, leaders, graph, insights, Research Report, companies, overview, outlook and factors that are playing a substantial role in the market.
Global Molded FRP Grating Market Segmentation Analysis
Global Molded FRP Grating Market, By Grating Height (10-30MM, 31-50MM, Above 50MM), Application (Walkways, Docks, Handrails, Walls, Others), Type (Polyester, Vinyl ester, Phenolic, Epoxy, Polyurethanes, Stair Treads, Platforms, Others), Product Type (Angles, Square, Flat Strip, I Beams, U Channel, Round Tube, Wide Flange Beams, Trench Covers, Solid Rods, Fluted Tubes/Ladder Rung, Kick Plate/Toe Plate, Others), Technology (Compression Molding, Cold Press Molding, Vacuum Molding, Foam Molding, Others), End User (Petrochemicals, Pulp and paper, Building and Construction, Food and Beverages, Mining, Pharmaceutical, Oil and Gas, Electrical and Electronics, Water Management, Marine, Defiance, Sports and Leisure, Others) - Industry Trends and Forecast to 2023 to 2030.
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Which are the top companies operating in the Molded FRP Grating Market?
The “Global Molded FRP Grating Market ”study report will provide a valuable insight with an emphasis on the global market. The report profiles noticeable organizations working in the water purifier showcase and the triumphant methodologies received by them. It likewise reveals insights about the share held by each organization and their contribution to the Molded FRP Grating Market extension. This Molded FRP Grating Market report provides the information of the Top 10 Companies in Molded FRP Grating Market in the market their business strategy, financial situation etc.
**Segments**
- **By Resin Type**
- Polyester
- Vinyl Ester
- Phenolic
- Others
- **By Process**
- Molding
- Pultrusion
- **By Application**
- Stairs
- Platforms
- Walkways
- Ramps
- Others
**Market Players**
- Strongwell Corporation
- Bedford Reinforced Plastics
- McNichols Company
- AGC Matex Co., Ltd.
- Techno-Composites Domine GmbH
In 2022, the Molded FRP Grating Market was characterized by significant growth, primarily driven by the increasing demand for lightweight, corrosion-resistant, and durable materials in the construction, chemical, and oil & gas industries. The market segmented by resin type includes polyester, vinyl ester, phenolic, and others. Polyester resin accounted for a substantial market share in 2022 due to its cost-effectiveness and high resistance to chemicals. Vinyl ester resin is anticipated to witness substantial growth by 2030 owing to its superior mechanical properties and resistance to harsh environments. Phenolic resins are expected to find niche applications in industries requiring high fire resistance.
The market segmented by process comprises molding and pultrusion. Molding was the dominant process in 2022, favored for its ability to produce complex shapes and designs. However, pultrusion is gaining traction and is projected to grow significantly by 2030 due to its efficiency in producing continuous lengths of FRP gratings. The application segment includes stairs, platforms, walkways, ramps, and others. Walkways and platforms held a significant market share in 2022 due to the increased focus on worker safety and maintenance efficiency. Ramps are expected to show substantial growth potential by 2030 as accessibility regulations become more stringent globally.
Key market players such as Strongwell Corporation, Bedford Reinforced Plastics, McNichols Company, AGC Matex Co.,The Molded FRP Grating Market in 2022 showcased robust growth driven by the escalating demand for lightweight, corrosion-resistant, and durable materials across various industries. Among the resin types, polyester emerged as a dominant force, attributed to its cost-effectiveness and excellent resistance to chemicals. Vinyl ester resin is poised for significant expansion by 2030 due to its superior mechanical properties and ruggedness in challenging environments. Phenolic resins, on the other hand, are projected to carve out a niche in sectors that prioritize high fire resistance, showcasing diversified applications within the market landscape.
In terms of processes, molding stood out as the primary method in 2022, prized for its capability to fabricate intricate shapes and structures. Nonetheless, pultrusion is gaining momentum and is expected to witness substantial growth by 2030 owing to its efficiency in producing continuous lengths of FRP gratings, catering to the evolving needs of the industry. Within the application segment, walkways and platforms held significant market shares in 2022, driven by the heightened emphasis on worker safety and operational efficiency. Ramps are positioned for noteworthy growth potential in the coming years, fueled by the increasingly stringent global regulations on accessibility aspects.
The key market players in the Molded FRP Grating Market, including Strongwell Corporation, Bedford Reinforced Plastics, McNichols Company, AGC Matex Co., Ltd., and Techno-Composites Domine GmbH, play pivotal roles in shaping the competitive landscape and driving innovation within the industry. These companies are at the forefront of introducing cutting-edge solutions, expanding their product portfolios, and forging strategic partnerships to fortify their market positions. With a focus on research and development initiatives, customer-centric approaches, and technological advancements, these market players are poised to capitalize on emerging opportunities and meet the evolving demands of end-users across diverse sectors.
Looking ahead, the Molded FRP Grating Market is set to witness sustained growth propelled by continued investments in infrastructure development, advancements in material science**Market Players**
- **Fibergrate Composite Pvt. Ltd. (U.S.)
- Gebrüder MEISER GmbH. (Germany)
- Fibrolux GmbH (Germany)
- McNICHOLS CO. (U.S.)
- STRONGWELL CORPORATION (U.S.)
- Bedford Reinforced Plastics. (U.S.)
- American Grating (U.S.)
- Peabody Engineering LLC. (U.S.)
- Techno-Composites Domine GmbH (Germany)
- Liberty Pultrusions (U.S.)
- SEASAFE, Inc. (U.S.)
- National Grating (U.S.)
- Delta Composites, LLC (U.S.)
- AGC Inc. (Japan)
- Higoal (India)
- Hebei Mapel FRP Industry Co., Ltd (China)
- Suzhou Grating CO., Ltd. (China)
- Indiana Group. (India)
- Gardner Buisness Media, Inc. (U.S.)
- LOCKERGROUP (Australia)
The Molded FRP Grating Market witnessed significant growth in 2022, driven by the escalating demand for lightweight, corrosion-resistant, and durable materials across industries such as construction, chemical, and oil & gas. Among the resin types, polyester, vinyl ester, and phenolic resins played crucial roles. Polyester resin, known for its cost-effectiveness and chemical resistance, held a substantial market share. Vinyl ester resin, offering superior mechanical properties and
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Overview of the Molded FRP Grating Market Research Report
The Molded FRP Grating Market research report commences with an in-depth overview covering definitions, applications, product/service launches, developments, challenges, and regional analysis. The forecast underlines robust growth fueled by increasing consumption in diverse markets. Furthermore, the report delves into current market trends and key characteristics.
Objectives of the Report
Conduct a comprehensive investigation to forecast the value and volume of the Molded FRP Grating Market.
Analyze and project market shares for major segments within the Molded FRP Grating Market.
Depict the evolving landscape of the Molded FRP Grating Market across global regions.
Examine and assess micro markets, their contributions, and growth potential within the Molded FRP Grating Market.
Provide accurate insights into the factors driving the growth of the Molded FRP Grating Market.
Offer a detailed analysis of key strategies adopted by major companies, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and other strategic initiatives.
Market Overview
The study concentrates on the present state of the Molded FRP Grating Market, evaluating key statistics including CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and year-over-year growth. This thorough analysis is conducted using the latest primary and secondary research methods. Leading company profiles are scrutinized based on factors like the markets they serve, production, revenues, market shares, recent developments, and gross profit margins. The report also provides a detailed exploration of market drivers, constraints, opportunities, challenges, and trends within the market dynamics section.
Table of Contents:
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report DescriptionMarket Definition and Scope
Executive Summary
Market Snapshot, By Type
Market Snapshot, By Application
Market Snapshot, By Region
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
And more...
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