Irving, Texas (PRWEB) April 18, 2013
The global pultrusion market is poised for growth after experiencing declines during the last five years (2007-2012). In 2018, the total market is expected to be 606 million pounds, valued at $1,712 million. The future of the pultrusion industry appears bright with tremendous opportunities in the transportation, infrastructure, consumer goods, and building and construction industries.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the pultrusion industry and presents its findings in “Growth Opportunities in the Pultrusion Market 2013-2018: Global Market Outlook.” The pultrusion market consists of 14 main applications and seven main industries and is further divided into corrosion and non-corrosion markets based on applications.
The market is highly price sensitive. While more expensive than the competition, pultruded products are growing in use for applications where weight savings, corrosion resistance, durability, and other performance benefits are critical. Nevertheless, high cost continues to be a limiting factor for developing new applications. In some applications, composites are the materials of choice even based on cost. In most applications, however, such as window profiles, rebar, utility poles, grating, bridge decking, and so on, composites parts are from 20% to 50% more expensive than competing materials.
The leading growth applications during 2013-2018 are expected to be window profiles, rebar, and transportation. In terms of regional growth, the Asia Pacific region is expected to lead the market, followed by North America and Europe.
Lucintel believes that in the next six years, new resin systems will be introduced in the pultrusion process for various reasons, such as to increase line speeds, to increase FST performance, to decrease styrene content, and more. An increase in the use of carbon fiber in pultrusion applications is likely as well. Polyurethane resin also will see more usage in pultrusion applications.
The composites market report provides trend scenarios and forecast statistics for 2013-2018, details industry drivers and challenges, compares properties and prices, and highlights industry leaders. Also covered in the study are descriptions of growth opportunities and emerging pultrusion applications, manufacturing processes, and more.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, chemical consultants and cost efficiency. To learn more, visit http://www.lucintel.com.