Polyurethane Composites Market to Discern Steadfast Expansion During 2017 - 2027

Market Definition and Introduction

Polyurethane composites are manufactured with rigid thermosetting resins rather than thermoplastic polyurethane (TPU) or elastomeric polyurethanes. Polyurethane composites are generally grouped in terms of the densities of the polymeric matrix and the length of the fiber reinforcement. The rigidity of polyurethane composites varies considerably in context to these two variables. It could range from self-supporting mineral-filled polyureas which could find suitability in automobile applications for the manufacture of vertical body panels, to tough, quasi-structural long-fiber reinforced products and structural parts. The latter could involve use of preformed fiber-mat and/or continuous fiber reinforcements. These two properties also dictate the type and intricacy of the manufacturing process. Composites produced using these resin types display higher tensile strength, impact resistance, and abrasion resistance vis-à-vis composites based on unsaturated polyester and vinyl ester resins.

The higher toughness levels of polyurethane composites exhibit considerable advantage in drilling, machining, and assembly operations. For instance, machined and punched edges display almost no micro-cracking as compared with traditional thermoset composites. Polyurethane composites also display processing advantages such as lesser curing time requirements as compared to polyester materials. Also, the spraying processes for polyurethane composites is considerably less labor demanding as compared to polyester spray up. The latter needs rolling out the glass to eliminate air and ensure complete wet out. The relative advantages of polyurethane composites have been translating into their preferential usage in the automotive industry to a considerable extent. Polyurethane composites are free of styrene and do not produce large amounts of volatile organic compounds (VOCs), thereby proving to eco-friendly in terms of their applications.

Considering these important aspects of applications of polyurethane composites, the study of the polyurethane composites market becomes an important read.

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Market Segmentation

On the basis of product type, the polyurethane composites market is segmented as follows:

Glass fiber polyurethane composites
Carbon fiber polyurethane composites

On the basis of manufacturing process, the polyurethane composites market is segmented as follows:

Lay-up
Pultrusion
Resin transfer molding
Injection molding
Filament winding
Compression molding

On the basis of end use industry, the polyurethane composites market is segmented as follows:

Automotive & transportation
Building and construction
Electrical and electronics
Petrochemicals
Sports & leisure
Wind power energy
Aerospace and defense

Key Trends, Drivers

Extensive investments in the automotive & transportation, building and construction, electrical and electronics and renewable energy sectors have been contributing to a rising demand for polyurethane composites in recent times. Also, encouragement of foreign direct investments (FDIs) by various countries to meet the rising demand for products such as polyurethane composites are expected to help grow the market size of polyurethane composites at a global level. Different types of waste products made of polyurethane composites are also being increasingly considered for recycling to cover them into usable forms such as powders, pellets and flakes.

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This advantage of reusability has also been contributing to the preferential usage of polyurethane composites by end use industries. Developments with regard to recycling technology for polyurethane composites, such as regrinding and glycolysis, have been gaining priority, as a result. These technology developments are expected to create an economical and effective route for recycling polyurethane composites, recover the inherent energy value of polyurethane composites and mitigate fossil fuel consumption, especially in cases where the only suitable disposal method would focus on energy recovery. It has also been observed that the growth of the polyurethane composites market is being mainly driven by greater strength, plasticity, resilience, light weight nature and heat and moisture resistance properties of polyurethane composites.

However, the slow economic recovery in specific geographies such as Eastern Europe have been restricting the growth rate of the market in recent times.

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