Press release
Pultruded Panels Market is Forecasted to Reach USD 0.5 Billion in 2025, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global Pultruded Panels Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/1022/pultruded-panels-market.html#form
Report Highlights: `
Market Size in 2025: USD 0.5 billion
Growth (CAGR): 3.8% during 2020-2025
Forecast Period: 2020-2025
Trend Period: 2014-2018
Base Year: 2019
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Pultruded Panels Market:
The global Pultruded Panels Market is segmented by end-use industry type, matrix type, reinforcement type & region
Based on end-use industries: Building & construction is the largest application. Among a gamut of end-use industries, building & construction, transportation, and aerospace & defense are the major ones, leveraging the benefits of pultruded panels. However, Building & Construction is expected to remain the largest market for pultruded panels in the coming five years. The demand for pultruded panels in building & construction is worryingly being affected by the pandemic. However, a quick recovery is anticipated in the coming years, filling the voids generated due to the pandemic. Transportation and aerospace & defense are anticipated to mark a huge decline in their pultruded panels' demand in 2020 while anticipating a healthy recovery recouping their 2019-market size by 2025.
Based on resin type: Polyester resin dominates driven by lower cost and good properties. The selection of a resin system varies from application to application. Polyester, vinyl ester, and epoxy are the most common resin systems used widely in pultruded panels. Among all the resin systems, polyester composite is anticipated to maintain its lead in the market in the foreseen future. The resin system is also dominant in the entire pultruded composites market, driven by several factors including its lower cost and good properties.
Based on fiber type: Similar to resins, the selection of fiber for panels depends on several parameters including cost, performance, weight, etc. Glass fiber and carbon fiber are used in pultruded panels. Glass fiber composite is expected to maintain its supremacy in the market over the next five years, whereas carbon composite is expected to maintain its excellent growth pace by 2025. Carbon composites offer large number of benefits over glass composites. However, the high cost of carbon fiber restricts its widespread usage in the market, limited to high-performance applications demanding enormous weight saving.
To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/1022/pultruded-panels-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to remain the largest market for pultruded panels during the forecast period. This growth outlook is majorly attributed to the following-
• Despite registering massive business loss in the region, the region is anticipated to maintain its lead in the global market in the coming five years, propelled by the huge demand for composites coupled with a robust supply chain.
Pultruded Panels Market Drivers:
The growth of the Pultruded Panels Market is driven by several factors.
• The pultruded composites market is gaining strong momentum due to several key drivers. One of the major catalysts is the increasing demand for lightweight, durable, and corrosion-resistant materials across various industries, especially in building & construction.
• Pultruded panels are being widely adopted due to their advantages such as shorter lead times, higher fiber-to-resin ratios, excellent strength, design flexibility, and consistent thickness. These benefits make pultruded products an attractive alternative to traditional materials like steel.
• Additionally, the expanding application base in sectors like defense and transportation, along with the rising focus on innovative composite solutions, is further propelling the adoption of pultrusion technology.
Top 10 Companies in the Pultruded Panels Market:
Stratview Research has identified the following companies as the top market players:
• Strongwell Corporation
• Creative Pultrusion, Inc.
• Exel Composites Oyj
• Bedford Reinforced Plastics
• Röchling Group (Glastic Corporation)
• Fibergrate Composite Structures Inc.
• KREMPEL GmbH
• Fiber-Tech Industries, Inc.
• ISOVOLTA AG.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Pultruded Panels Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Fiber Reinforced Plastic Panels and Sheets Market: https://www.stratviewresearch.com/169/fiber-reinforced-plastic-panels-and-sheets%20.html
• Vinyl Ester Resin Market in the Composites Industry: https://www.stratviewresearch.com/1505/vinyl-ester-resin-market-in-composites-industry.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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