5.4.3.1 Construction industry trend in Asia-Pacific 43
5.4.4 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN MIDDLE EAST &
AFRICA 44
5.4.5 TRENDS AND FORECAST OF CONSTRUCTION INDUSTRY IN LATIN AMERICA 44
6 MARKET OVERVIEW 46
6.1 MARKET DYNAMICS 46
6.1.1 DRIVERS 47
6.1.1.1 Increasing demand for non-corrosive and high-performance gratings from major industries 47
6.1.1.2 Low life cycle costs of FRP gratings 48
6.1.2 RESTRAINTS 49
6.1.2.1 High production costs of FRP gratings 49
6.1.2.2 Availability of low-cost substitutes 49
6.1.3 OPPORTUNITIES 49
6.1.3.1 Increase in use of FRP gratings in various industries 49
6.1.4 CHALLENGES 50
6.1.4.1 Recyclability and disposal costs of FRP gratings 50
6.2 PORTER’S FIVE FORCES ANALYSIS 51
6.2.1 THREAT OF SUBSTITUTES 51
6.2.2 BARGAINING POWER OF SUPPLIERS 52
6.2.3 BARGAINING POWER OF BUYERS 52
6.2.4 THREAT OF NEW ENTRANTS 53
6.2.5 INTENSITY OF COMPETITIVE RIVALRY 53
7 FRP GRATINGS MARKET, BY PROCESS 54
7.1 INTRODUCTION 55
7.2 MOLDED FRP GRATINGS 56
7.3 PULTRUDED FRP GRATINGS 57