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 declined 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 reach an estimated $3.3 billion by 2026 with a CAGR of 3% to 5% from 2021 to 2026. The major growth drivers for this market are increasing demand for lightweight, corrosion resistant, and durable products for various end use industries.
Browse 193 market data tables and 242 figures spread through 301 pages and in-depth TOC on “Global Pultrusion Market"
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In this market, different types of pultrusion such as 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 are used as application. On the basis of 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.
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 pultrusion 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, Polyone and others are among the major pultrusion manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global pultrusion market by application, end use industry, material, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Pultrusion Market 2021-2026: 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 global pultrusion market by application, end use industry, material, and region as follows:
By Application [Volume (kt) and $M shipment analysis for 2015 – 2026]:
Window Profiles
Rebar
Ladder Rails
Cable Trays
Electric Insulators
Decking
Grating
Road Markers
Sound Barriers
Sporting Goods
Tool Handles
Utility Poles
Structural Shapes
Transportation
Wind Energy
Others
By Attribute [Volume (kt) and $M shipment analysis for 2015 – 2026]:
By End Use Industry [Volume (kt) and $M shipment analysis for 2015 – 2026]:
Construction
Wind Energy
Transportation
Electrical & Electronics
Consumer Goods
Other
By Fiber Type [Volume (kt) and $M shipment analysis for 2015 – 2026]:
Glass Fiber Composites
Carbon Fiber and other Composites
By Resin Type [Volume (kt) and $M shipment analysis for 2015 – 2026]:
Polyester Composites
Epoxy Composites
Vinlyester Composites
Phenolic Composites
Phenolic and other composites
By Region [Volume (kt) and $M shipment analysis for 2015 – 2026]:
North America
EMEA
Asia Pacific
China
Latin America
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.