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Global FRP Cable Tray Market: By Type: Ladder, Channel, Others; By Application: Construction, Power, Oil and Gas, Chemical, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global FRP Cable Tray Market Outlook

The global FRP cable tray market is projected to grow at a CAGR of 7% between 2021 and 2026, to attain USD 417 million by 2026.

 

Global FRP Cable Tray Market

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Increasing Development of Chemical Plants to Propel Market Growth in the Asia Pacific

Due to rapid urbanisation and industrialisation, the size of the market in the Asia Pacific is projected to lead the global market during the forecast period. Growing government funding for the construction of chemical infrastructures and plants would help support business growth. Inflated demand for hydrocarbons is projected to stimulate prospects for the regional market. Due to the increasing tendency for renewable power generation, Europe is expected to experience a high growth rate. High hydrocarbon production in offshore locations such as the North Sea is expected to fuel the regional demand. In addition, increasing residential and commercial building development would further promote the demand in Europe. The imposition by the European Union of stringent rules for improving productivity would increase the demand for FRP cable in Europe.

 

FRP Cable Tray: Market Segmentation

Fiberglass reinforced plastic (FRP) cable trays are manufactured in various styles to withhold a bulk bunch of wires and cables laid in different structures in order to preserve the operating protection and aesthetic appeal of the location. Different raw materials, including titanium, steel, and reinforced plastic, are processed for the goods.

 

Global FRP Cable Tray Market by Application

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By type, the market is divided into:

  • Ladder
  • Channel
  • Others

On the basis of application, the market is bifurcated into:

  • Construction
  • Power
  • Oil and Gas
  • Chemical
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global FRP Cable Tray Market by Region

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Increasing Energy Demand to Propel the Market Growth of FRP Cable Tray

The surging demand for power around the world is expected to have a great impact on the market for FRP cable trays. The rising development of new generation, distribution and transmission networks will reinforce the market's healthy growth. The increasing inclination for green technologies such as hydro, wind, and solar will facilitate the adoption of FRP products. In addition, the flourishing oil and gas industry is expected to uplift the market in the coming years. The disruption caused by coronavirus has suspended operations in different industries around the world. The global market has been negatively affected by the halt in manufacturing and processing facilities. Constraints in capital investment and new projects in the oil and gas, construction, chemicals, and other industries will reduce demand for FRP cable trays, thereby hindering market growth during the pandemic.

 

Key Industry Players in the Global FRP Cable Tray Market

The report gives a detailed analysis of the following key players in the global FRP cable tray market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Sintex Group
  • I Ercon Composites
  • Oglaend System Group
  • MP Husky
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Ladder, Channel, Others
Breakup by Application Construction, Power, Oil and Gas, Chemical, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Sintex Group, I Ercon Composites, Oglaend System Group, MP Husky, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global FRP Cable Tray Market Analysis

    8.1    Key Industry Highlights
    8.2    Global FRP Cable Tray Historical Market (2017-2021) 
    8.3    Global FRP Cable Tray Market Forecast (2022-2027)
    8.4    Global FRP Cable Tray Market by Type
        8.4.1    Ladder
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Channel
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global FRP Cable Tray Market by Application
        8.5.1    Construction
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Power
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Oil and Gas
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Chemical
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Others
    8.6    Global FRP Cable Tray Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country Kingdom
            9.2.3.1    United 
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Sintex Group
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    I Ercon Composites
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Oglaend System Group
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    MP Husky
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments


List of Key Figures and Tables

1.    Global FRP Cable Tray Market: Key Industry Highlights, 2016 and 2026
2.    Global FRP Cable Tray Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global FRP Cable Tray Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global FRP Cable Tray Historical Market: Breakup by Application (USD Million), 2017-2021
5.    Global FRP Cable Tray Market Forecast: Breakup by Application (USD Million), 2022-2027
6.    Global FRP Cable Tray Historical Market: Breakup by Region (USD Million), 2017-2021
7.    Global FRP Cable Tray Market Forecast: Breakup by Region (USD Million), 2022-2027
8.    North America FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2017-2021
9.    North America FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Europe FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Europe FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Asia Pacific FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Asia Pacific FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Latin America FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Latin America FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Middle East and Africa FRP Cable Tray Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Middle East and Africa FRP Cable Tray Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Global FRP Cable Tray Market Structure

Key Questions Answered in the Report

The global FRP cable tray market is projected to grow at a CAGR of 7% between 2021 and 2026.

The industry is being driven by the rising global demand for power, rapid urbanisation and industrialisation, growing government funding, increasing residential and commercial building development, and the flourishing oil and gas industry.

The key trends propelling the industry forward are the rapid construction of new generation, distribution, and transmission networks, and the growing popularity of green technologies.

The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific with the Asia Pacific accounting for the largest share in the market.

By type, the market is divided into ladder and channel, among others.

The leading applications include construction, power, oil and gas, and chemical, among others.

The major players in the industry are Sintex Group, I Ercon Composites, Oglaend System Group, and MP Husky, among others.

Analyst Review

The global FRP cable tray market is being driven by the rising global demand for power in the historical period. Aided by the growing technological advancements of green technologies and increasing residential and commercial building development, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global FRP cable tray industry can be segmented into ladder and channel, among others. By application, the industry can be divided into construction, power, oil and gas, and chemical, among others. The major regional markets for FRP cable tray are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Sintex Group, I Ercon Composites, Oglaend System Group, and MP Husky, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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