Press release
Polyurethane Composites Market Size is grown USD 872.87 million by Trends, Growth Statistics, Top Competitor Analysis and Forecast 2029
Polyurethane Composites Market Overview:Polyurethane composites are made up of rigid thermoset resins. Polyurethane composites are typically grouped according to the density of the polymer matrix and the length of the fiber reinforcement. Polyurethane have high tensile strength, impact resistance, and abrasion resistance as compared to other composites based on unsaturated polyester.
The global polyurethane composites market is anticipated to grow from USD 530 Million in 2020 to USD 872.87 Million by 2029, at a CAGR of 5.7% from 2022 to 2029.
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Rising application of polyurethane composites by electrical and electronics industry will fuel up the market growth rate. Growth and expansion of transportation industry especially in the developing economies will further create lucrative market growth opportunities. Excellent properties offered by polyurethane composites such as lightweight nature good acoustic & heat-insulating properties and excellent 3-D malleability will further propel the market growth.
Polyurethane Composites Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Bayer AG, BASF SE, Hexcel Corporation, Huntsman Corporation, SGL Group, The Dow Chemical Company, Wanhua Chemical Group Co., Ltd., Toray Industries, Inc., SEKISUI CHEMICAL CO., LTD, Linecross and Webasto Group, Owens Corning, Sekisui Chemical Co. Ltd. and Others
Recent Development
February 2020- Covestro developed sustainable solutions for the new concept car Toyota LQ by using polyurethane composite with kenaf fibers to manufacture automobile components.
February 2020- Huntsman launched new snap cure polyurethane resin system VITROX RTM 00410, which can help in optimizing the production of complex, three-dimensional, composite parts with tight dimensional tolerances.
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Polyurethane Composites Market Segmentation:
Polyurethane Composites by Fiber Type, 2020-2029, (USD Million)
Glass Fiber Polyurethane Composites
Carbon Fiber Polyurethane Composites
Others
Polyurethane Composites Market by Manufacturing Process, 2020-2029, (USD Million)
Lay-Up
Pultrusion
Resin Transfer Molding
Injection Molding
Filament Winding
Compression Molding
Others
Polyurethane Composites Market by End-User, 2020-2029, (USD Million)
Industry Transportation
Building & Construction
Electrical & Electronics
Wind Power Energy
Petrochemical
Sports & Leisure
Aerospace & Defense
Others
Growth Factors:
Increasing demand from the Polyurethane Composites industries
The growing use of Polyurethane Composites in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Polyurethane Composites Market
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Polyurethane Composites Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Polyurethane Composites Market Trends
- The report identifies, determines, and forecasts the Global Polyurethane Composites Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Polyurethane Composites Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Polyurethane Composites Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Polyurethane Composites Market.
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