Opportunities for polyurethane resin in the global composites market to grow at a CAGR of 5.9% by 2024

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. Polyurethane resin in the global composites market is expected to grow at a CAGR of 5.9% from 2019 to 2024. 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.

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 global composites market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the polyurethane resin in the global 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 Global Composites Market 2019-2024: 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 global 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 2013 to 2024):
• Transportation
• Construction
• Others

By Application (Volume (M lbs) shipment analysis from 2013 to 2024):
• 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 2013 to 2024):
• 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 2013 to 2024):
• North America
• Europe
• Asia Pacific
• Rest of World

This 180-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 helpdesk@Lucintel.com. Lucintel offerings include advanced materials reports, composite materials market report, strategic growth consulting, market research due diligence and business strategy consulting.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, growth opportunities for the high performance glass fiber market by end use application (transportation, construction, others), by manufacturing process , by application and by region.
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and to what extent do they pose a threat for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in this market?

Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019
+1-972-636-5056
marketing@lucintel.com

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer 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.

This release was published on openPR.