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Pultrusion Market Trends and Forecast
The future of the global pultrusion market looks good with opportunities in the construction, wind energy, transportation, electrical and electronics and consumer goods. The global pultrusion market is expected to reach an estimated $4 billion by 2030 with a CAGR of 5% from 2023 to 2030. The major growth drivers for this market are increasing demand for lightweight, corrosion resistant, and durable products for various end use industries.Emerging Trends in the Pultrusion Market
Emerging trends, which has a direct impact on the dynamics of the pultrusion industry includes close collaboration between industry players to serve their unique needs and find new application areas and development of green technology products.Pultrusion Market by Segment
The study includes a forecast for the global pultrusion market by application, type, end use industry, fiber type, resin type, and region as follows:By Application [Value ($M) and Volume (KT) Shipment Analysis for 2018 - 2030]:
- Window Profiles
- Rebar
- Ladder Rails
- Cable Trays
- Electric Insulators
- Decking
- Grating
- Road Markers
- Sound Barriers
- Sporting Goods
- Tool Handles
- Utility Poles
- Structural Shapes
- Automotive Parts
- Wind Turbine Blades
- OthersBy Type [Value ($M) and Volume (KT) Shipment Analysis for 2018 - 2030]:
- Corrosion
- Non-CorrosionBy End Use [Value ($M) and Volume (KT) Shipment Analysis for 2018 - 2030]:
- Construction
- Wind Energy
- Transportation
- Electrical & Electronics
- Consumer Goods
- OtherBy Fiber Type [Value ($M) and Volume (KT) Shipment Analysis for 2018 - 2030]:
- Glass Fiber Composites
- Carbon Fiber and other CompositesBy Resin Type [Value ($M) and Volume (KT) Shipment Analysis for 2018 - 2030]:
- Polyester Composites
- Epoxy Composites
- Vinlyester Composites
- Phenolic Composites
- Polyurethane and Other compositesBy Region [Value ($M) and Volume (KT) Shipment Analysis for 2018 - 2030]:
- North America
- Europe
- Asia Pacific
- ROW
List of Pultrusion Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pultrusion companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pultrusion companies profiled in this report includes.- Strongwell Corporation
- Exel Composites
- Werner Company
- Avient
- Bedford Reinforcement Plastic
- Creative Composites Group
- Tecton Products
- Fiberline Composites
Pultrusion Market Insight
- The publisher forecasts that construction will remain the largest end use segment over the forecast period due to increasing residential and commercial activities in various developing countries. Wind energy is expected to witness the highest growth over the forecast period.
- Structural shapes will remain the largest segment by value and volume over the forecast period because due to its increasing use in construction end use industry. Wind energy is expected to witness the highest growth over the forecast period.
- APAC is expected to remain the largest region over the forecast period due to increasing residential construction and government regulations for energy efficiency. North America is expected to witness the highest growth over the forecast period.
Features of Pultrusion Market
- Market Size Estimates:Pultrusion market size estimation in terms of value ($M) and volume (KT)
- Trend and Forecast Analysis:Market trends (2018-2023) and forecast (2024-2030) by various segments and regions.
- Segmentation Analysis:Market size by application, type, end use, fiber type, resin type, and region
- Regional Analysis:Pultrusion market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities:Analysis of growth opportunities in different application, type, end use, fiber type, resin type, and region for the pultrusion market.
- Strategic Analysis:This includes M&A, new product development, and competitive landscape for the pultrusion market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the pultrusion market size?Answer: The global pultrusion market is expected to reach an estimated $4 billion by 2030.
Q2. What is the growth forecast for pultrusion market?
Answer: The pultrusion market is expected to grow at a CAGR of 5% from 2023 to 2030.
Q3. What are the major drivers influencing the growth of the pultrusion market?
Answer: The major growth drivers for this market are increasing demand for lightweight, corrosion resistant, and durable products for various end use industries.
Q4. What are the major applications or end use industries for pultrusion?
Answer: Wind Turbine Blades and Structural shapes are the major applications for pultrusion.
Q5. What are the emerging trends in pultrusion market?
Answer: Emerging trends, which has a direct impact on the dynamics of the pultrusion industry, includes close collaboration between industry players to serve their unique needs and find new application areas and development of green technology products.
Q6. Who are the key pultrusion companies?
Answer: Some of the key pultrusion companies are as follows:
- Strongwell Corporation
- Exel Composites
- Werner Company
- Avient
- Bedford Reinforcement Plastic
- Creative Composites Group
- Tecton Products
- Fiberline Composites
Answer: The publisher forecasts that non-corrosion segment will remain the largest segment and it is expected to witness the highest growth over the forecast period.
Q8. In pultrusion market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% Customization Without any Additional Cost.
This report answers the following 11 key questions
Q.1. What are some of the most promising potential, high growth opportunities for the global pultrusion market by application (window profile, rebar, ladder rails, cable trays, electrical insulators, decking, grating, road maker, sound barrier, sporting goods, tool handles, utility poles, structural shapes, transportation, wind energy, and others), type (corrosion, and non-corrosion), end use industry (construction, wind energy, transportation, E&E, consumer goods, and others), fiber type (glass fiber composites, carbon fiber composites and others), resin type (polyester composites, epoxy composites, vinyl ester composites, polyurethane composites, phenolic and other composites), and by region (North America, Europe, APAC, and ROW)?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 the emerging trends in this market and the reasons behind them?
Q.7. What are the 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 major 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 how big of a threat do they pose for loss of market share via material or product substitution?
Q.11. What M & A activities have taken place in the last 5 years in this market?
Table of Contents
1. Executive Summary
2. Global Pultrusion Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Strongwell Corporation
- Exel Composites
- Werner Company
- Avient
- Bedford Reinforcement Plastics
- Creative Composites Group
- Tecton Products
- Fiberline Composites
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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