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.
vFRP gratings also known as fiberglass reinforced plastic grating, which is a grating structure made by combination of resin and fiberglass. FRP is observed as a green, sustainable and energy efficient material. FRP gratings does not corrode like steel. It is suitable alternative for use in corrosive environment to reduce maintenance cost. Demand for FRP is expected to rise significantly in the upcoming years owing to their superior characteristics of FRP such as chemical resistance, corrosion resistance, thermal stability and low lifecycle costs. The FRP grating stand out owing to their high strength, light weight properties. Additionally, they are suitable alternative for steel and iron gratings.
The Europe FRP gratings market is witnessing tremendous growth during forecast period of 2021 to 2027. The FRP gratings serve the reliable solution for corrosion issues faced in industrial environment. The major factors such as increased in global population cells for smart architecture, smart mobility and smart energy solutions is propelling growth of Europe FRP grating market. Owing to non-magnetic, on-conductance of electricity, good aesthetic properties, easy installation and low maintenance the Europe FRP grating market is witnessing growth. However, implementation of stringent regulation is hindering the growth of Europe FRP gratings 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 Europe 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 Europe FRP gratings market is segmented by resin type, process, application, end user and country.
The various resin types like polyester, vinyl ester, phenolics and other resins are comprised in the Europe FRP gratings market. In which phenolics are also contributing in the growth of Europe FRP grating market. The phenolic grating is suitable alternative high maintenance metal gratings which is used at that situation where conventional pultruded grating cannot ne used. The phenolic gratings can withstand high temperature and direct flame by maintaining their structural integrities. They are best products for safety of life at the fire situations.
The process like molded FRP gratings and pultruded FRP gratings are comprised in Europe FRP grating market. In which pultruded FRP gratings is expected to dominate the market in 2020. During process of pultrusion, a caterpillar like machine grips the raw material and pulls them through a series of steps until the finished profiles reach the cut off saw. The high glass to resin ratio, increases the stiffness along the length of the bearing bar allowing for longer spans or higher loads in single directions.
The applications of FRP gratings such as stair heads, walkaways, platforms, floorings and other applications are comprised in the Europe FRP gratings market. In which platforms are also contributing in the growth of the Europe FRP gratings market. The FRP gratings are durable and also requires low cost of maintenance. Additionally, they are lightweight, corrosion resistance, non-conductive and slip resistance which makes them more demandable in the Europe FRP gratings market.
The end users like industrial, water management, cooling towers, oil and gas, marine and other end users are comprised in the Europe FRP gratings market. In which cooling tower is also contributing in the growth of Europe FRP gratings market by end user. The tower casing is made of tough FRP and has sufficient structural strength to withstand high wind velocities and vibrations. UV-stabilised resin is used along with gel coat for long life. The water collection sump which are made up of FRP is leak proof and also avoids water spillage.
The Europe FRP grating marketing is studied for key countries like UK, Germany, France, Italy and Spain. In which United Kingdom is anticipated to dominate the market in 2020. The rising demand across various end user’s industries is propelling the growth of Europe FRP grating market. Various properties such as high strengths, corrosion resistance, impact resistance is refuelling growth of Europe FRP gratings market. The multiple applications of FRP gratings is also contributing in the growth of Europe FRP grating 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 United Kingdom 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.
