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.
FRP gratings are also called as fiberglass reinforced plastic gratings which is generally a grating structure made up of combination of resins and fiberglass. FRP is remarked as green, sustainable and energy efficient materials. FRP granting does not get corrode easily like steel gratings. They are suitable alternative for steel gratings as they can be used in corrosive environment for reduction in maintenance cost. Exigency for FRP is estimated to increase in the upcoming years owing to superior characteristics of fiberglass reinforced plastic gratings like chemical resistance, corrosion resistance, thermal stability and low maintenance costs. The FRP gratings are suitable alternative for the steel and iron gratings. They are stand out by their high strength and light weight properties.
The United States FRP grating market is witnessing tremendous growth during forecast period of 2021 to 2027. The growing focus on adoption of environment friendly materials is gaining attention of FRP gratings. The major factors such as increasing exigency for non-corrosive materials is propelling growth of United States FRP gratings market. The growing use of FRP grating in different industries is also refuelling growth of United States FRP grating market. The rising need for high-performance grating from well-established industries is also contributing in the growth of United States FRP gratings market. However, high production cost of FRP grating is hindering the growth of United States FRP grating market.
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 United States 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 United States FRP gratings market is bifurcated by resin type, process, application and end user.
Based on resin type, the United States FRP grating market is segmented into polyester, vinyl ester, phenolics and other resins. In which phenolics is also contributing in the growth of United States FRP gratings market. The phenolics is mostly used in both molded and pultruded FRP gratings as they are comprised of properties like good corrosion resistance and excellent fire and smoke resistant. The phenolic grating is also used as alternative to maintenance intensive metal gratings for use where conventional pultruded grating cannot be used.
Based on process, the United States FRP grating market is categorised into molded FRP gratings and pultruded FRP gratings. In which pultruded FRP gratings is anticipated to dominate the market in 2020. Owing to high quality, well designed, high strength, light weight, corrosion resistance and less expensiveness the pultruded FRP gratings are witnessing tremendous growth. The high anti-rust properties of pultruded FRP gratings is also propelling growth of United States FRP gratings market.
Based on applications, the United States FRP gratings market is segmented into stair treads, walkways, platforms, flooring and other applications. In which flooring is also contributing in the growth of United States FRP gratings market. The FRP floor is witnessed as magnificent alternative to flat surface for flooring. Gratings are lightweight, affordable and low maintenance. They can be reused or recycled which makes gratings more environment friendly.
Based on end users, the United States FRP grating market is segmented into industrial, water management, cooling towers, oil and gas, marine and other end users. In which water management segment is anticipated to dominate the market in 2020. The properties such as corrosion resistance, high strengths, impact resistance and light weight makes them more demandable in the United States FRP grating market. The growing rate of industrialization is also refuelling growth of United States FRP gratings market. The rising economy is also contributing in the growth of United States 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 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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