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Increasing Demand from End-Use Sector for Corrosion Resistance to Drive Growth of Global Fiberglass Reinforced Plastic Grating Market

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Published on : Feb 25, 2020

A recent market research report added in the vast research report repository of ResearchMoz that talks about the global fiberglass reinforced plastic grating market and its overall working dynamics. This report of the fiberglass reinforced plastic grating market offers comprehensive analysis, market shares, key trends, opportunities, and driving and restraining factors that are influencing the growth of the market. Along with in-detail market segmentation, the research report offers key insights and information that are imperative for devising decisive marketing strategies.

Fiberglass reinforced plastic grating is also called as FRP grating, fiberglass grating, or glass reinforced plastic grating. It is a composite material that can be manufactured by blending of matrix of fiberglass and resin. The fiberglass grating does not erode unlike steel grating and is thus mainly used in corrosive environments. The objective is to cut down the overall costs of maintenance. Moreover, fiberglass reinforced plastic grating also has a wide range of applications such as overhead platforms and walkaways among others. These fiberglass reinforced plastic gratings are structural products, which can be weight bearing. 

Molded fiberglass reinforced plastic grating is made of alternating multidirectional layers of continuous glass fiber. This alternating layers offer strength to the grating. Resins are used for consolidating the fibers and to offer the desired shape and enhance its corrosion resistance. Because of its bidirectional strength, the molded grating are able to tolerate cutouts in the panel to allow equipment or pipe penetration without any additional need of support near the opening. The molded fiberglass reinforced plastic grating has a huge impact tolerance. Moreover, it also provides highest chemical resistance compared to any other type of fiberglass grating. Such advantages are thus helping to push the development of the global fiberglass reinforced plastic grating market

The global fiberglass reinforced plastic grating market is segmented in terms of product type, applications, and by region. In further segmentation, the product type segment of global fiberglass reinforced plastic grating is divided into polyester, vinyl ester, phenolic, and others. 

In terms of application of the fiberglass reinforced plastic grating market, it is further segmented into water management, cooling towers, and marines among others. Of these, segment of water management is expected to contribute significantly in the overall development of the global fiberglass reinforced plastic grating market. 

North America to Contribute in Market Growth

There are five key regions that divide the geographical landscape of the global fiberglass reinforced plastic grating market. These regions are North America, Latin America, Middle East and Africa, Asia Pacific, and Europe. Of these, currently, the global fiberglass reinforced plastic grating market is expected to be dominated by the regional segment of North America. With the presence of several notable players, the market in the North America region is projected to act as a significant contributor. There has been a growing demand from the countries in the region such as the USA, Canada, and Mexico. They are thus projected to help the development of the regional segment. 

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On the other hand, the regional segment of Asia Pacific is expected to show a promising growth rate in the coming years of the forecast period. Emerging economies in the region such as India and China are projected to present lucrative business opportunities for the development of the fiberglass reinforced plastic grating market in Asia Pacific region. 

Some of the leading companies operating in the global fiberglass reinforced plastic grating market include names such as Webforge, Flexxcon BV, Amico Seasafe Inc., Fibrolux GmbH, Jiangyin Runlin Molding New Materials Co. Ltd., Diakure Co. Ltd., Indian Group, Exel Composites, and Fibergrate Composites Structures Pvt. Ltd. among others.

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