Trends and Opportunities of Pultrusion Market

Author：admin Pubdate：2021-07-11 04:01:24Hits：838

According to analysis report of Lucintel (a leading consulation company of America) :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.

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.

In 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 and ROW are expected to remain the largest regions by value and volume; they are also expected to experience the highest growth over the forecast period because of growth in chemical, consumer goods, and construction industry. The major drivers for growth are increasing urbanization, rapid industrialization, and growing awareness of pultruded products. 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 supported by increasing residential construction and government regulations for energy efficiency.. Some of the global pultrusion manufacturers profiled in this report include strongwell corporation, excel composites, werner company, polyone corporation, Bedford reinforcement, creative pultrusion Inc., tecton products, teel plastics, fiberline composites are the major manufacturers of pultrusion.