FRP gratings are used in various applications, due to their versatile properties. These gratings are corrosion-resistant and lightweight, which leads to low maintenance and installation costs.
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The industrial segment of the FRP gratings is expected to witness highest growth in the coming years. FRP gratings are used in the pulp, oil & gas, mining & offshore, petrochemical, and pharmaceutical industries. Structures in these industries are subjected to high temperature, multiple impacts, constant wash downs, and chemical and corrosive environments. The unique properties of FRP gratings, such as long service life, light weight, and chemical and temperature resistance make them suitable for use in various applications in these industries. The increasing use of FRP gratings across these industries is expected to drive the growth of the industrial segment in the coming years.
Based on process, the FRP gratings market has been segmented into molded FRP gratings and pultruded FRP gratings. Molded FRP gratings was a larger segment of the FRP gratings market. Molded FRP gratings have high corrosion resistance and thermal stability and lower cost than pultruded gratings. However, the pultruded gratings segment is expected to witness higher growth during the forecast period, due to the higher temperature resistance and impact tolerance of these gratings.
Based on resin type, the polyester segment of the FRP gratings market is projected to witness the highest growth during the forecast period. Properties of polyester resins, such as its light weight and corrosion resistance, have led to the increased use of polyester-based FRP gratings in several applications.
Asia-Pacific is projected to be the fastest-growing market for FRP gratings from 2016 to 2021 and is expected to be driven by the increasing demand for FRP gratings in various applications. The growth of construction activities in Asia-Pacific in recent years has been significant, owing to the initiation of various infrastructural development projects and growth of the industrial sector in countries such as China, India, and Japan. China is estimated to lead the FRP gratings market in Asia-Pacific in 2016.
Major players in the FRP gratings market include Strongwell Corporation (U.S.), Techno Composites Domine GmbH (U.K.), McNichols Company (U.S.), Meiser GmbH (Germany), Bedford Reinforced Plastics (U.S.), AGC Matex Co. Ltd. (Japan), Kemrock Industries & Exports Ltd. (India), Eurograte Fiberglass Grating (Italy), Ferrotech International FZE (UAE), and Exel Composites (Finland).
