According to
a new market report published by Lucintel, the future of polyurethane resin in
the composites market looks promising
with opportunities in transportation, construction, and other industry. Polyurethane resin in the global composites
market is expected to grow at a CAGR of 5.9% from 2019 to 2024. The
major drivers for this market are composites manufactured from PU resin have
short cycle time, high toughness, and flexibility compared to composites based
on vinyl ester and unsaturated polyester resin.
In this
market, pultrusion, injection molding, reaction injection molding, resin
transfer molding, filament winding, and spray up processes are used for
manufacturing various PU based composites parts. Lucintel forecasts that pultrusion
will remain the largest manufacturing process by value and it is also expected
to witness the highest growth over the forecast period due to an increasing demand
for pultruded products in construction applications, such as window frame,
cladding panels and shipping pallets.
Within polyurethane resin in the composites
market, transportation will remain the largest market by value and volume and
it is also expected to witness in the highest growth over the forecast period
due to an increasing use of lightweight material to increase fuel efficiency
and reduce carbon emissions.
North America will remain the largest region by value and volume and it is also
expected to witness the highest growth over the forecast period due to growth in
automotive and construction industry.
Emerging trend, which has a direct impact on
the dynamics of the industry, includes the emergence of bio-based polyurethane resin
in the composites market. Covestro, DowDupont, Huntsman, BASF, and Henkel are
among the major players of polyurethane resin in the global composites market.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed growth opportunities in the polyurethane
resin in the global composites market by end use industry, manufacturing
process, and by region. Lucintel has prepared a comprehensive research report entitled “Growth
Opportunities in Polyurethane Resin in the Global Composites Market 2019-2024:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it
provides a comprehensive data and analysis on trends, key drivers, and
directions. The study includes a forecast for the polyurethane resin in the
global composites market by end use industry, manufacturing process,
application, and region as follows:
By End Use Industry (Value ($M) and Volume (M lbs) shipment
analysis from 2013 to 2024):
- Transportation
- Construction
- Others
By
Application (Volume (M lbs) shipment
analysis from 2013 to 2024):
- Door
- Load Floor
- Cross Arm
- Manhole Cover
- Sunshade
- Door Panels
- Side Panel
- Utility Pole
- Wind Turbine Blade
- Window Frame
- Others
By
Manufacturing Process (Value ($M)
shipment analysis from 2013 to 2024):
- Pultursion
- Reaction Injection Molding
- Injection Molding
- Resin Transfer Molding
- Filament Winding
- Spray Up Process
By
Region (Value ($M) and Volume (M lbs) shipment
analysis from 2013 to 2024):
- North America
- Europe
- Asia Pacific
- Rest of World
This
180-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. We offer
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 following 11 key
questions:
Q.1 What are some of the most promising potential, growth
opportunities for the high performance
glass fiber market by end use application (transportation, construction, others),
by manufacturing process , by application and by region.
Q.2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market and
the 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? Which companies are leading these developments?
Q.9 Who are the leading players in this
market? What strategic initiatives are being implemented by key players for
business growth?
Q.10 What are some of the competitive products
and processes in this area and to what extent do they pose a threat for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last five years in this
market?
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