According
to a new market
report published by Lucintel, the future of the pultrusion
industry looks good with growing opportunities in the transportation,
infrastructure, consumer goods, and construction industries. The global
pultrusion market is forecast to grow at a CAGR of 4.6% from 2016 to 2021. The
major growth drivers for this market are the rise in demand for lightweight
materials and increasing demand for durable products for corrosive environments,
such as in rebar and gratings applications. Increasing energy efficiency
requirements from consumers and greater focus on total lifecycle cost of end
products are further driving the market.
On
the basis of comprehensive research, Lucintel forecasts that the demand for
window profile will experience the highest growth in the forecast period,
supported by increasing energy efficiency requirements from consumers and a
higher degree of insulation than aluminum. These qualities save energy and add
comfort and value in applications where temperature differentials are high.
During
forecast period, the window profile is expected to emerge as the largest market
by value and the second-largest market by volume consumption after ladder rail.
North
America is expected to remain the largest market due to growth in end use
applications and a wider acceptance of pultruded parts. Asia Pacific and Rest
of the World are expected to witness significant growth over the forecast
period because of the growing awareness of pultruded products.
For
market expansion, the report suggests innovation and new product development,
where the unique characteristics of pultrusion technology can be capitalized.
The report further suggests the development of partnerships with customers to
create win-win situations and development of low-cost solutions for end users.
Strongwell,
Exel Composites, Creative Pultrusion, Bedford, Werner Ladder, Masco, and
Pultron are among the major suppliers of the pultrusion market. Some companies
are opting for M&A as a strategic initiative for driving growth.
Lucintel,
a leading global strategic consulting and market research firm,
has analyzed the global pultrusion
market by application, material type, and region and has come
up with a comprehensive research report, “Global
Pultrusion Market 2016-2021: Global Market Outlook.” The
Lucintel report serves as a springboard for growth strategy, as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global pultrusion market through 2021,
segmented by end use industry, material, and region as follows:
By
application [million pounds and $ million shipment analysis from 2009 to 2021]:
·
Window Profiles
·
Rebar
·
Ladder Rails
·
Cable Trays
·
Electric Insulators
·
Decking
·
Grating
·
Road Markers
·
Sound Barriers
·
Sporting Goods
·
Tool Handles
·
Utility Poles
·
Structural Shapes
·
Transportation
·
Antennas
·
Others
By
end use industry [million pounds and $ million shipment analysis from 2009 to
2021]:
·
Electrical
·
Chemical
·
Infrastructure
·
Building/Construction
·
Consumer Goods
·
Cooling Tower
·
Transportation
·
Other Industries
By
material type [million pounds and $ million shipment analysis from 2009 to 2021]:
·
Fiberglass Roving
·
Polyester
·
Vinylester
·
Epoxy
·
Phenolics
·
Polyurethane
·
Filler &
Others
By
region [volume (million pounds/ kilotons) and $ million shipment analysis from
2009 to 2021]:
·
North America
·
Europe
·
Asia Pacific and Rest of World
This
297-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or click on this http://www.lucintel.com/reports/chemical_composites/ggrowth_opportunities_in_the_pultrusion_market_2016_2021_global_market_outlook_december_2015.aspx or
write to helpdesk@lucintel.com.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategy for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M
& A and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit www.lucintel.com
