The global PU resin market in composites is forecast to grow at a CAGR of 5.7% by value from 2015 to 2020. The major drivers of growth for this PU resin market are composites manufactured from PU resin have short cycle time, higher toughness and flexibility compared to composites based on vinyl ester and unsaturated polyester resin.
Emerging trends, which have a direct impact on the dynamics of the industry, are development of new applications and bio based polyurethane resin.
A total of 115 figures / charts and 34 tables are provided in this 139-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of the PU resin market in composites report,
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The study includes a forecast of the PU resin market in composites through 2021, segmented by end use industry and region as follows:
PU resin market in composites by region [Value ($M) and Volume (M lbs) shipment analysis for 2009 – 2020]:
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North America
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Europe
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Asia Pacific
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Rest of the World
PU resin market in composites by end use industry [Value ($M) and Volume (M lbs) shipment analysis for 2009 – 2020]:
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Transportation
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Construction
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Others
Bayer AG, Huntsman Corporation, Dow Chemical Company, BASF SE and Wanhua Chemical Groups are among the major players of PU resin market in composites.
On the basis of its comprehensive research, Lucintel forecasts that the transportation and construction are expected to show above average growth during the forecast period. Within the PU resin market in composites, transportation is expected to remain as the largest market by value and volume consumption. Fast cure property and increase demand of lightweight materials would spur growth for this segment over the forecast period.
North America is expected to remain the largest market during the forecast period due to growth of end use industries, such as transportation and construction. Europe and Asia Pacific is expected to show above average growth during the forecast period by virtue of growing automotive industry.
Some of the features of “Growth Opportunities for Polyurethane Resin in the Global Composites Market 2015-2020: Trends, Forecast, and Opportunity Analysis” include:
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Market size estimates: PU resin market size estimation in global composites in terms of volume (M lbs) and value ($M) shipment.
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Trend and forecast analysis: PU resin market trends in global composites (2009-2014) and forecast (2015-2020) by region and by segment.
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Segmentation analysis: PU resin market size estimation in global composites by various segments such as transportation and construction both in terms of volume and value shipment.
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Regional analysis: Polyurethane resin in the global composites industry breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World.
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Growth opportunities: Analysis on growth opportunities in different segments and regions of PU resins market in composites.
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Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of polyurethane resin suppliers in the global composites industry.
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Emerging applications: Emerging applications of polyurethane resin in the global composites industry.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
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In-depth interviews of the major players in this market
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Detailed secondary research from competitors’ financial statements and published data
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Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
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A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.