Pultrusion Market Size, Share & Industry Analysis, By Type (Carbon Fiber, Glass Fiber, Others), By Application (Industrial, Housing, Civil Engineering, Consumers, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
The global pultrusion market size is projected to experience dynamic growth in the forthcoming years owing to the increasing demand for light-weight materials across the world. Pultrusion process is a highly automated incessant fiber laminating process used to produce high fiber volume profiles with a constant cross section. This technology is usually used for thermosetting polymers but has also been found applicable in thermoplastic matrices like PBT and PET by powder impregnation of glass fiber or surrounding it by sheet material of the matrix.
There are various types of pultrusion machine but most commonly used pultrusion types are reciprocating (hand-over-hand) or continuous (cat-track) machine. Increasing demand for light-weight materials and substantial increase in demand for durable products for harsh environment is expected to drive the market growth. Additionally, the advancements in the pultrusion technologies to increase efficiency and production shall boost the market growth.
However, pultrusion raw materials needed for pultrusion method is slightly higher in cost than raw materials for conventional method. Recyclability is a major issue in pultrusion methods. These factors are expected to hamper the market growth
Key Market Driver -
Increase in demand for light-weight and durable products.
Key Market Restraint -
Lack of recyclability and high cost of raw materials.
Market Segmentation:
Based on type, the global pultrusion market is segmented into carbon fiber, glass fiber, and other. Based on application, market is segmented into industrial, housing, civil engineering, consumers, and other applications.
From a geographical standpoint, the pultrusion market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global pultrusion market consists of global & regional players operating. Some of the key players in the market include and Strongwell Corporation, Bedford Reinforced Plastics, Excel Composites, Diversified Structural Composites, Faigle Kunstsoffe GmbH others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Pultrusion Industry
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
The pultrusion market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to account for the largest share in the market attributed to the high demand for pultruded parts. China and India are the major consumers for pultruded parts due to the large industrial base. North America is estimated to hold significant share due to the strategic initiatives of the manufacturing companies present in U.S. Europe shall exhibit substantial growth considering the rapid industrial growth. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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Pultrusion Market Segmentation
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Pultrusion Industry Developments
- In April 2018, Excel Composites announced the acquisition with DSC, a subsidiary of Teijin Carbon America. DSC primarily uses pultrusion for carbon fiber and glass fiber reinforced thermoset products.
- In March 2017, Diversified Structural Composites Inc., (DSC) announced the exhibition of its pultruded composites at JEC World 2017. The products include pultruded composite profiles known as pultrusions for automobile applications.
- Ongoing
- 2023
- 2019-2022
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