Global FRP (Fiberglass Reinforced Plastic) Grating Market Report 2023: Market to Reach $744.6 Million by 2030, Growth Prospects Abound as Germany, United States and Other Markets Show Promising Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "FRP Grating - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global FRP Grating Market to Reach $744.6 Million by 2030

The global market for FRP Grating estimated at US$514.4 Million in the year 2022, is projected to reach a revised size of US$744.6 Million by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030.

Polyester, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$380.5 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Vinyl Ester segment is readjusted to a revised 5.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $136.6 Million, While China is Forecast to Grow at 7.2% CAGR

The FRP Grating market in the U.S. is estimated at US$136.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$163.2 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Looking Ahead to 2023

Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand.

With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.

Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What's New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

MARKET OVERVIEW

• Influencer Market Insights
• FRP Grating - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

FOCUS ON SELECT PLAYERS (Total 46 Featured)

• AGC Matex Co., Ltd.
• Arham Hi-Tech Design And Solution Pvt. Ltd.
• Bedford Reinforced Plastics
• Delta Composite Structures, LLC
• Diakure Co. Ltd.
• Eurograte Fiberglass Grating
• Exel Composites Oyj
• Ferrotech International FZE
• Fibergrate Composite Structures Inc.
• Fibrolux GmbH
• Flexxcon Bv
• Indiana Group
• JiangYin RunLin Molding New Materials Co., Ltd.
• Liberty Pultrusions
• Lionweld Kennedy Flooring Ltd.
• Locker Group Pty. Ltd.
• Mcnichols Co., Inc
• Meiser GmbH
• National Grating
• Seasafe Inc.
• STRONGWELL Corporation
• Suzhou Grating Co., Ltd.
• Techno-Composites Domine GmbH
• Webforge

For more information about this report visit https://www.researchandmarkets.com/r/f5738d

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