According to a new market report published by
Lucintel, the future of the pultrusion market looks good with opportunities
in the transportation, infrastructure,
consumer goods, and construction industries. The global pultrusion market is expected to
reach an estimated $3.4 billion by 2024 with
a CAGR of 4.0% from 2019 to 2024. The major driver for this market is
increasing demand for lightweight, corrosion
resistant, and durable products for various end use industries.
In this market, structural shapes, ladder
rail, window profile, grating, sporting goods, tool handles, rebar, and utility
poles are made by pultrusion process. On the basis of its comprehensive
research, Lucintel forecasts that the demand for utility poles is expected to
witness the highest growth over the forecast period, supported by ongoing
replacement of wooden poles and performance benefits of FRP poles over wood,
steel, and other poles.
Within the global pultrusion
market, consumer goods will remain the largest end use industry by value and
volume due to the increasing demand for ladder rail, tool handle, and sporting
goods.
In this market, glass fiber, carbon fiber, and
aramid fiber are utilized to manufacture pultruded products for various end use
industries. Glass fiber based pultruded products will remain the largest segment
by value and volume.
Polyester, vinyl ester, epoxy, and phenolic
are the major resins used to make pultruded products. Polyester resin based
pultruded products will remain the largest segment by value and volume.
Asia Pacific will remain the largest regions
by value and volume and it is also expected to witness the highest growth over
the forecast period due to growth in construction, chemical, and consumer goods
industries.
An emerging trend, which has
a direct impact on the dynamics of the industry, includes strategic
collaboration of pultruded parts manufacturers with OEMs to serve unique needs
and find new application areas. Strongwell, Exel Composites, Werner Ladder,
Bedford, Creative Pultrusion, and polyone are among the major suppliers of the
pultrusion market.
Lucintel,
a leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global pultrusion market by application, materials,
end use industry and region, and has come up with a comprehensive research
report entitled, “Growth Opportunities in Global Pultrusion
Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for
growth strategy as it provides comprehensive data and analysis on trends, key
drivers, and directions. The study includes market trends and forecasts for the
global pultrusion market by application, end use industry, material, and region
as follows:
By Application (Million
pounds and $ million shipment analysis from 2013 to 2024):
- Window Profiles
- Rebar
- Ladder Rails
- Cable Trays
- Electric
Insulators
- Decking
- Grating
- Road Markers
- Sound
Barriers
- Sporting
Goods
- Tool Handles
- Utility Poles
- Structural
Shapes
- Transportation
- Wind Energy
- Antennas
- Others
By Attribute (Million pounds and $ million shipment analysis from
2013 to 2024):
- Corrosion
- Non-Corrosion
By
End Use Industry (Million pounds and $ million shipment analysis from 2013 to
2024):
- Electrical
- Chemical
- Infrastructure
- Building and Construction
- Consumer Goods
- Cooling Tower
- Transportation
- Wind Energy
- Other
By
Fiber Type (Million pounds and $ million shipment analysis from 2013 to 2024):
- Glass Fiber Composites
- Carbon Fiber and other Composites
By
Resin Type (Million pounds and $ million shipment analysis from 2013 to 2024):
- Polyester Composites
- Epoxy Composites
- Vinlyester Composites
- Phenolic and other composites
By Region (Million pounds
and $ million shipment analysis from 2013 to 2024):
- North America
- Europe
- Asia Pacific and Rest of World
This
365 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
helpdesk@lucintel.com. Lucintel offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies 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.
This report answers the following 11 key
questions:
Q.1 What are some of the most promising, high-growth
in the global pultrusion market by application (window profiles, 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 and
others), by property type (corrosion and non-corrosion), by end use industry
(chemical, infrastructure, building and construction, consumer goods, cooling
tower, transportation, wind energy, and others), by fiber type (glass fiber
composites and carbon fiber and other composites), by resin type (polyester
resin, vinyl ester, epoxy, phenolic, and others), and
region (North America, Europe, Asia Pacific and ROW) and why?
Q.2
Which application segments will grow at a faster pace and why?
Q.3
Which region will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges in the market?
Q.5
What are the business risks and competitive threats in this market?
Q.6
What are emerging trends in this market and reasons behind them?
Q.7
What are some changing demands of customers in the market?
Q.8
What are the new developments in the market and which companies are leading
these developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
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