The FRP grating market is poised to amass noteworthy gains by 2027 owing to rising product adoption across numerous end-use industries such as marine, industrial, mining, oil & gas, and cooling towers among others. Superior advantages of the product including resistance towards chemicals, slip, and fire, anti-corrosion nature and lightweight will make it one of the ideal flooring materials in comparison to other counterparts.

FRP or fiberglass reinforced plastic grating is a kind of industrial flooring used across a wide range of end-use industries. These are most commonly found in overhead platforms and walkways. Fiberglass reinforced plastic grating is highly durable and non-corrosive and does not conduct electricity, making it one of the safest alternatives in comparison to other flooring materials commonly used in harsh as well as high-risk environments. This flooring material is usually made by combining resin and fiberglass. Here, the use of fiberglass gives the end product its strength and resin makes it resistant to corrosive materials.

The FRP grating market is segmented into different segments in terms of form, process, application, end-use and regional landscape.

With respect to form, the market for FRP grating is classified into phenolic, vinyl ester, polyester and others. Phenolic segment accounted for more than 5% of the market share in 2020 and will witness tremendous growth over the projected time period. Phenolic grating is able to bear extremely high temperatures and direct flame while keeping its structural integrity. This feature makes it suitable for a broad range of industrial, offshore, transportation and marine applications. The others segment is likely to grow significantly in the next few years.

Talking of application, the market is categorized into platforms, walkways, stair treads and others. Among these, the stair treads segment is anticipated to showcase a CAGR of over 4.8% through the forecast period. Meanwhile, the others segment is likely to grow at the moderate rate during the forecast time period.

In terms of end-use, the overall FRP grating market is bifurcated into cooling towers, waste & water treatment, marine, industrial and others. The cooling towers segment accounted for around 22% of market share in 2020 and will witness robust demand over the coming years. The others segment is slated to grow at a CAGR of 3.3% over the analysis timeline.

On the regional front, the FRP grating market in Europe accounted for more than 24% of the industry share in 2020 and is anticipated to register similar growth over the coming time period. In 2020, the Latin America region held a 5% market share and is expected to grow at a CAGR of around 3.8% over the assessment period.

The Middle East & Africa FRP grating market will showcase significant growth owing to the growing application of the product in oil & gas and mining sectors.