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
• Ladder Rails
• Cable Trays
• Electric Insulators
• Road Markers
• Sound Barriers
• Sporting Goods
• Tool Handles
• Utility Poles
• Structural Shapes
• Wind Energy
By Attribute (Million pounds and $ million shipment analysis from 2013 to 2024):
By End Use Industry (Million pounds and $ million shipment analysis from 2013 to 2024):
• Building and Construction
• Consumer Goods
• Cooling Tower
• Wind Energy
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
• 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 firstname.lastname@example.org. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.
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?