Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Fiberglass reinforced plastic grating is also known as FRP gratings. Which is a composite material made by combination of fiberglass and matrix of resin. Fiberglass gratings doesn’t corrode similar to steel gratings and therefore used in corrosive environments for minimization of maintenance cost. In addition, FRP grating is structural product which may acts as weight bearing between spans. Furthermore, grating is a collection of essentially parallel, identical and elongated elements. They are consisting of single set of some elongated elements, comprised of two sets, in which second set is usually perpendicular to the first.
The North America FRP gratings market is observing lucrative growth during the forecast period of 2021 to 2027. The FRP gratings are widely used for their properties such as light weight and high strengths. The dynamic factors such as increasing demand for FRP gratings over Iron and Steel gratings are propelling growth of North America FRP gratings market. Emerging applications of FRP grating in oil and gas and marine industries due to low cost is also refuelling growth of North America FRP grating market. However, the sudden outbreak of COVID-19 hampered the market growth.
The exclusive COVID-19 impact analysis report by axiom MRC provides a 3600 analysis of micro and macro-economic factors on the FRP gratings market. In addition, complete analysis of changes on FRP gratings expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on North America economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic have disturbed all the supply chains in almost every market. As the circumstance of lockdown and widespread of virus among various populations also hampered the market as the complete shutdown in different countries were implemented. These hindered the trade of FRP gratings across the various regions as because of that the FRP gratings market is having the negative impact of the COVID-19. As the situation of COVID-19 is getting normalized the market is estimated to boost up like before.
The North America FRP gratings market is segmented by resin type, process, application, end user and country.
Based on resin types, the North America FRP gratings market is segmented into polyester, vinyl ester, phenolics and other resins. The vinyl ester is also contributing in the growth of the market. The vinyl ester are used for demanding applications which comprised of corrosion-resistant industrial tank and pipes, pultruded profiles. Additionally, they are also used in critical components for automotive and marine vehicles. Viny ester resins are also used in repair materials ad laminating owing to their reliable and waterproof properties.
Based on process, the North America FRP gratings market is segmented into molded FRP Gratings and pultruded FRP gratings. In which molded FRP gratings are also contributing in the growth of North America FRP grating market. The fiberglass gratins does not corrode like steel grating they are used in corrosive environments for reduction of maintenance costs. It is applicable in various applications which comprises of walkaways and overhead platforms.
Based on applications, the North America FRP grating market is segmented into stair heads, walkaways, platforms, floorings and other applications. In which flooring is also contributing in the growth of North America FRP gratings market. Floor gratings are observed as magnificent alternative for flat surfaces for floorings. They are light weight, affordable and have low maintenance. Additionally, they may be reused or recycles which makes them more environment friendly. This makes them more demandable in North America FRP gratings market.
Based on end users, the North America FRP grating market is segmented into industrial, water management, cooling towers, oil and gas, marine and other end users. In which oil and gas is also contributing in the growth of North America FRP gratings market. Owing to corrosion resistance, safety and low maintenance requirement the FRP grating are used in oil and gas industries. They are resistant to harsh environment which are found in oil and gas industries is also refuelling growth of North America FRP gratings market.
The North America FRP gratings market is studied for key countries such as US, Mexico and Canada. In which US is anticipated to dominate the market in 2020. The rising use of FRP gratings in oil and gas industries is propelling growth of North America FRP gratings market. The rising economies is also refuelling growth of North America FRP grating market. The rising demand for FRP gratings in marine industries is also contributing in the growth of North America FRP gratings market.
The major key players in FRP gratings market such as Strongwell Corporation, Techno Composites Domine GmbH, Meiser GmbH, Bedford Reinforced Plastics, AGC Matex Co. Ltd, Liberty Pultrusions, Delta Composites LLC, Mcnichols Co., National Grating, Lionweld Kennedy, Kemrock Industries & Exports Ltd., Locker Group, Eurograte Fiberglass Grating, Ferrotech International FZE, Suzhou Grating Co. Ltd. (iGrid), Fibergrate Composite Structures Ltd., Exel Composites, Arham Hi-Tech Design and Solution Pvt. Ltd., Indiana Group, Diakure Co. Ltd., Jiangyin Runlin Molding New Materials Co. Ltd., Fibrolux GmbH, Amico Seasafe Inc., Flexxcon Bv and Webforge among others.
The study comprised of the FRP gratings market. In which various segment of the market such as resin type, process, application and end user. The study also comprised of the dominating segment of the market. The resin type segment is dominated by polyester resins. Based on process, pultruded FRP gratings are propelling the fastest market growth. By application the market is dominated by walkaways and by end user the water management is dominating the market of FRP gratings. The study also covers the geographical section of the market and concludes that the United States is estimated to dominate the market in 2020. The study imparts the impact of COVID-19 on FRP grating market and it is found that COVID-19 pandemic have disturbed all the supply chains in almost every market. As the circumstance of lockdown and widespread of virus among various populations also hampered the market as the complete shutdown in different countries were implemented. These hindered the trade of FRP gratings across the various regions as because of that the FRP gratings market is having the negative impact of the COVID-19. As the situation of COVID-19 is getting normalized the market is estimated to boost up like before. The study also cover major key players active in the market.
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