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 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.
Browse 37 market data tables and 91 figures spread through 149 pages and in-depth TOC on “Polyurethane Resin in the Composites Market”
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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.
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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.
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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 composites market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the polyurethane resin in the 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 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 composites market by end use industry, manufacturing process, application, and region as follows:
By End Use Industry (Value ($M) and Volume (M lbs) shipment analysis from 2013 to 2024):
By Application (Volume (M lbs) shipment analysis from 2013 to 2024):
- Load Floor
- Cross Arm
- Manhole Cover
- Door Panels
- Side Panel
- Utility Pole
- Wind Turbine Blade
- Window Frame
By Manufacturing Process (Value ($M) shipment analysis from 2013 to 2024):
- 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
- Asia Pacific
- Rest of World
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This 149-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 click on this link https://www.lucintel.com/polyurethane-resin-composite.aspx or [email protected]
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers 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 report answers following 11 key questions:
Q.1 What are some of the most promising potential, growth opportunities for the polyurethane resin composite market to 2024 by segments end use industry (transportation, construction, and others), application (door, load floor, Cross arm, manhole cover, sunshade, door panel, utility pole, wind turbine blade, window frame and others) manufacturing process (pultursion, reaction injection, injection molding, filament winding, spray up process) and region (North America, Europe, Asia Pacific and ROW) ?
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?
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