There is a good opportunity for the entire ecosystem of the FRP grid market and it is expected that the FRP grid market will have a good CAGR of 5.1% per year over the forecast period of 2017 to 2022. Good corrosion resistance, resistance Fatigue, high strength, high stiffness, good durability, low life-cycle costs, low maintenance costs, and lightweight are key factors driving the demand for FRP grills in most of the end-use industries. FRP grills are replacing conventional metals Grille way to gain market momentum in most of the terminal industries.
FRP grating global market is divided according to the process of molded grating and pultruded grating. Molded Gratings are expected during the forecast period will remain the most important part of FRP grating the market, but due to the more pultruded grating high strength and stiffness, possible to achieve higher growth in the same period. All major companies are using the pultrusion process to produce FRP grating, and in the foreseeable future may insist on the use of the technology. pultruded grating for industrial , oil and gas, pulp and paper, and mining, all major industries.
Depending on the type of resin, the global FRP grid market is divided into polyester grids, vinyl ester grids, phenolic grids, and other grids Polyester is expected to remain the resin in the global FRP grid market for the forecast period The most important part of this type is due to its low cost, good chemical resistance and good mechanical properties, and this type of resin is also expected to achieve the highest growth in the next five years. Phenolic resins are also developing healthily in the market, especially in the oil and gas industry.
Depending on the terminal industry, industrial applications may still be the largest segment of the global FRP grille market during the forecast period and this segment is also expected to see the highest growth over the same period due to the higher performance of the FRP grid than the metal grid, As well as the rebound of gas exploration activities and the increase of FRP grid usage, the oil and gas sectors will also maintain healthy growth over the same period.
The Asia Pacific region is expected to remain the top market for FRP grids for the forecast period.China and India will continue to be the engines of growth for the FRP grid market in the Asia Pacific region and will continue to provide greater applications for industrial, oil and gas, and cooling tower applications FRP grille needs. The region is also likely to witness the highest growth over the same period.
The supply chain in this market includes raw material suppliers, FRP grille manufacturers, distributors and oil and gas exploration companies and industrial buyers, etc. The global FRP grille market is highly fragmented, with more than 100 companies worldwide and regionally. The company has other pultruded products such as steel bars, structural sections and ladders.
Strongwell Corporation, Suzhou Grid Grid Co., Ltd., Fibergrate Composites Structures, Bedford Reinforced Plastics, Sinogris Composites (Nantong) Co., Ltd., Valmont Industrial Co., Meiser Co., Ltd. and Hongda Glass Fiber Co., Ltd. are the FRP grille market. Major companies in the region. Regional expansion, new product development and advances in pultrusion technology are key strategies for FRP grid companies to gain competitive advantage in global markets.