Composites and Advanced Materials

According to a new market report published by Lucintel, the future of the polyurethane resin in the global composite industry market looks promising with opportunities in the transportation, construction, and other industries. The global polyurethane resin in the global composite industry market is expected to reach an estimated $315.2 million by 2027 with a CAGR of 6.1% from 2021 to 2027. 

The major drivers for this market are increasing demand for lightweight materials in the automotive industry to achieve higher fuel efficiency and reduce greenhouse gas emissions and growing acceptance of polyurethane resin in the global composite industry in wind blade application due to its fast curing and good flow ability as compared to epoxy resin.

In this market, pultrusion, injection molding, reinforced reaction injection molding, resin transfer molding, filament winding, and spray-up process are the various manufacturing processes. Lucintel forecasts that pultrusion by process will remain the largest manufacturing process and it is expected to witness the highest growth over the forecast period due to increasing demand for pultruded products, such as wind turbine spar caps, cladding panels, window frame, and door and load floor.

Within the polyurethane resin in the global composite industry market, transportation will remain the largest end use segment and is also expected to witness the highest growth over the forecast period due to increasing usage of light weight material to increase fuel economy.

North America is expected to remain the largest region over the forecast period due to higher acceptance level of polyurethane composites materials and growth in automotive industry. ROW is expected to witness the highest growth over the forecast period.

Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of bio based polyurethane resin in the global composite industry in the composites market and increasing penetration of polyurethane resin in the global composite industry in construction and wind energy applications of the composites market. BASF, Covestro, Huntsman, Dow, and Wanhua are among the major manufacturers of polyurethane resin.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global polyurethane resin in the global composite industry market by end use application, manufacturing process, fiber type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Polyurethane Resin in the Global Composite Industry Market 2022-2027: 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 global polyurethane resin in the global composite industry market by end use application, manufacturing process, fiber type, and region as follows:
































This 144-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 write us at helpdesk@lucintel.com.

About Lucintel

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, high growth opportunities for the global polyurethane resin in the global composite industry market by end use (transportation, construction, and others), application (doors, load floors, cross arms, manhole covers, sunshades, door panels, side panels, utility poles, wind energy, windows, and others), manufacturing process (pultrusion, injection molding, reinforced reaction injection molding, resin transfer molding, filament winding, and spray up process), fiber type (chopped and roving), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

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 the emerging trends in this market and the reasons behind them?

Q.7 What are the 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 major 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 how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?