The FRP grating market is projected to reach USD 574.2 Million by 2021, at a CAGR of 4.24% between 2016 and 2021.

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The FRP grating market is driven by the increasing demand for corrosion-resistant and thermally stable materials in various industries. The need to replace steel/metal materials with lightweight and high strength materials is a key factor expected to drive the growth of the FRP grating market in the near future. FRP grating is resistant to a range of chemicals, water, and corrosion, and are lightweight, due to which they are increasingly being used in stair treads, walkways, and platforms covers, among others.

Based on resin type, the polyester segment of the FRP grating market is expected to witness the highest growth during the forecast period

Based on resin type, the polyester segment of the FRP grating market is expected to witness the highest growth during the forecast period, owing to the increasing use of polyester resins in the marine, industrial, and water management end-use industries. Polyester resins have high strength and resistance to corrosion and a range of chemicals.

The industrial segment is estimated to be the largest segment of the FRP grating market in 2016

FRP grating is increasingly being used in various industries, due to the low maintenance cost of these grating and their resistance to corrosion, water, and a range of chemicals. FRP grating is used in the oil & gas, paper & pulp, pharmaceutical, and food & beverage industries.

Asia-Pacific is expected to be the fastest-growing market for FRP grating during the forecast period

Asia-Pacific is expected to be the fastest-growing market for FRP grating, due to the presence of increasing industrialization in several countries in the region. China, India, and Japan are the major consumers of FRP grating in the region. The increasing use of FRP grating in various applications to ensure long-term durability and increase the service life of infrastructure is expected to drive the growth of the market in Asia-Pacific.

Key players operational in the FRP grating market are Strongwell Corporation (U.S.), Techno Composites Domine GmbH (U.K.), McNichols Company (U.S.), Meiser GmbH (U.K.), Bedford Reinforced Plastics (U.S.), and AGC MAtex Co. Ltd. (Japan).