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. The global polyurethane resin in the composites market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow by 2025 with a CAGR of 1% to 3% from 2020 to 2025. 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.
Browse 37 market data tables and 91 figures spread through 149 pages and in-depth TOC on “Polyurethane Resin in the Composites Market"
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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 composites market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the polyurethane resin in the 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 Composites Market 2020-2025: 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 composites market by end use industry, manufacturing process, application, and region as follows:
By End Use Industry (Value ($M) and Volume (M lbs) shipment analysis from 2014 to 2025):
Transportation
Construction
Others
By Application (Volume (M lbs) shipment analysis from 2014 to 2025):
Door
Load Floor
Cross Arm
Manhole Cover
Sunshade
Door Panels
Side Panel
Utility Pole
Wind Turbine Blade
Window Frame
Others
By Manufacturing Process (Value ($M) shipment analysis from 2014 to 2025):
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 2014 to 2025):
North America
United States
Canada
Mexico
Europe
Switzerland
Germany
France
Italy
Asia Pacific
China
Japan
Australia
New Zealand
The Rest of the World
This 149-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 click on this link https://www.lucintel.com/polyurethane-resin-composite.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers 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.