The Global Pultrusion Market is Expected to Reach $3.0 Billion by 2023
DALLAS, July 23, 2018 (Newswire.com) - According to a new market report published by Lucintel, the future of the pultrusion industry looks good with opportunities in the transportation, infrastructure, consumer goods and construction industries. The global pultrusion market is expected to reach an estimated $3.0 billion by 2023 and it is forecast to grow at a CAGR of 4.1 percent from 2018 to 2023. The major growth drivers for this market are increasing demand for lightweight, corrosion resistant and durable products for various end use industries.
On the basis of its comprehensive research, Lucintel forecasts that the demand for utility poles will experience the highest growth in the forecast period, supported by ongoing replacement of wooden poles and performance benefits of FRP poles over wood, steel and other poles.
Browse 197 market data Tables and 254 Figures spread through 365 Pages and in-depth TOC on "Global Pultrusion Market 2018-2023": https://www.lucintel.com/pultrusion-market.aspx.
By fiber type, glass fiber, carbon fiber and aramid fiber are the major fibers utilized to manufacture pultruded products for various end use industries. Glass fiber-based pultruded products is expected to remain the largest segment by value and volume.
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By resin type, polyester, vinyl ester, epoxy and phenolic resin are the major resins used to make pultruded products. Polyester resin-based pultruded products is expected to remain the largest segment by value and volume consumption.
APAC and ROW are expected to remain the largest region during the forecast period
Asia Pacific and ROW are expected to remain the largest regions by value and volume; they are also expected to experience the highest growth over the forecast period because of growth in chemical, consumer goods and construction industry. The major drivers for growth are increasing urbanization, rapid industrialization and growing awareness of pultruded products.
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Emerging trends, which have a direct impact on the dynamics of the industry, include strategic collaboration of pultruded parts manufacturers with OEMs to serve unique needs and find new application areas. Strongwell Corporation, Exel Composites, Werner Ladder, Bedford, Creative Pultrusion and polyone are among the major suppliers of the pultrusion market.
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The study includes market trends and forecasts for the global pultrusion market segmented by applications, end use industry, material and region as follows:
By Application Type (million pounds and $ million shipment analysis from 2012 to 2023):
· 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 Attribute Type (million pounds and $ million shipment analysis from 2012 to 2023):
· Corrosion
· Non-Corrosion
By End Use Industry (million pounds and $ million shipment analysis from 2012 to 2023):
· Electrical
· Chemical
· Infrastructure
· Building and Construction
· Consumer Goods
· Cooling Tower
· Transportation
· Other
By Fiber Type (million pounds and $ million shipment analysis from 2012 to 2023):
· Glass Fiber Composites
· Carbon Fiber and other Composites
By Resin Type (million pounds and $ million shipment analysis from 2012 to 2023):
· Polyester Composites
· Epoxy Composites
· Vinlyester Composites
· Phenolic and other composites
By Region (million pounds and $ million shipment analysis from 2012 to 2023):
· North America
· Europe
· Asia Pacific and Rest of World
This 365-page research report will enable companies to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or to know more about the Pultrusion Market, see https://www.lucintel.com/toc/pultrusion-market.aspx or email helpdesk@lucintel.com.
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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 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?
Source: Lucintel