Market Size of FRP Grating Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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FRP Grating Market Analysis
The market for FRP grating is expected to grow at a CAGR of 4% during the forecast period. The major factor driving the growth is the increasing demand for the FRP gratings over traditional iron and steel gratings due to its advantages like high strength, lightweight, corrosion resistance, etc. On the flip-side, the sudden outbreak of the COVID-19 is expected to impact the growth of the market in years to follow.
- Pultruded FRP Grating is anticipated to dominate the overall market during the forecast timeline.
- Asia-Pacific region is expected to be the largest market for the FRP grating market during the period of forecast.
