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 the Fiberglass plastic gratings. Which is a composite material made by combining with fiberglass and matrix of resins. Fiberglass grating does not get corrode like steel gratings and due to that they are used in corrosive environment for reduction in maintenance costs. Additionally, FRP gratings are the structural product which can acts as weight bearing between spans. Furthermore, gratings 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 Asia Pacific FRP grating FRP grating market is witnessing rapid growth during the forecast period 2021 to 2027. Owing to high light weight and high strengths the Asia Pacific FRP gratings are gaining market attention. The dynamic factor such as rising adoption of sustainable and environment friendly products is propelling the growth of Asia Pacific FRP grating market. The properties such as slip resistant, anti-corrosion, chemical resistant, no maintenance is also refuelling growth of Asia Pacific FRP gratings market. Rising number of industries is also contributing in the growth of Asia Pacific FRP gratings market. However, sudden outbreak of COVID-19 is hindering the growth of Asia Pacific 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 Asia Pacific 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 Asia Pacific FRP gratings market is segmented by resin type, process, application, end user and country.
The Asia Pacific FRP gratings market is comprised of resin type like polyester, vinyl ester, phenolics and other resins. In which polyester is estimated as dominating segment of the market in 2020. The polyester offers the various advantage such as adequate resistance to water and variety of chemicals. Additionally, adequate resistance to weathering and ageing and low cost, high temperature resistance, slow rate of shrinkage makes them more demandable in the market.
The Asia Pacific FRP grating market is comprised of processes such as molded FRP grating and pultruded FRP gratings. In which molded FRP gratings is also contributing in the growth of Asia Pacific FRP gratings market. The molded grating have certain advantages like corrosion resistance, bi-directional strength, slip resistance, low maintenance, high strength of weight ratio, fire retardant, lightweight, impact resistant, long service life and superior ergonomics, which makes them more demanding in the Asia Pacific FRP gratings market.
The Asia Pacific FRP grating market is comprised of different application of FRP grating such as stair heads, walkaways, platforms, floorings and other applications. In which stair heads are also contributing in the growth of FRP gratings market. The stair head grating have various application such as oil refineries for protection against fire and used as stairs tread in offshore access ramps for withstanding corrosion, wear and tear. Owing to high thermal resistance and non-corrosiveness properties the stair heads segment is witnessing growth.
The Asia Pacific FRP grating market is comprised of end users like industrial, water management, cooling towers, oil and gas, marine and other end users. In which marine segment is also contributing in the growth of Asia Pacific FRP gratings market. The FRP gratings are promising alternative for steel and wood in corrosive marine and freshwater environments. The rising construction rates in marine industries is also contributing in the growth of Asia Pacific FRP grating market.
The Asia Pacific FRP grating market is studied for countries like India, Japan, China, Australia and South Korea. In which China followed by India and Japan are anticipated to dominate the market in 2020. The rising demand from water management plants is propelling the growth of the regions. Rising investment in FRP grating industries is also refuelling growth of Asia Pacific FRP gratings market. The increasing government initiatives for expanding industrial sectors is also contributing in the growth of Asia Pacific 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 India 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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