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Pultrusion, a process that is used for manufacturing composite materials, impregnates reinforced materials such as fibers, woven fabrics, and branded strands with resins. This infusion is either done by pulling the reinforcement through a bath or by injecting the resin into an injection chamber, which is connected to the dye. Thermosetting polymers used for this process include polyester, polyurethane, vinylester, and epoxy. Pultrusion technology has also been successfully incorporating the use of thermoplastic matrices such as polybutylene terephthalate (PBT) and polyethylene terephthalate (PET). Significant development in materials and technologies used for manufacturing composite materials has taken place since the introduction of the pultrusion technology in 1944. This can be ascribed to the proactive investment of various manufacturers in R&D activities to develop innovative technologies for construction, aerospace, tourism & sports, electrical power, and automotive industries.

Of late, manufacturers of plastics have been experimenting with many applications that traditionally use metals. Pultrusion is a typical example of the benefits of such experimentation. Hence, polymer pultruded products are replacing materials such as steel and aluminum in construction, transportation, and infrastructure industries. Attainment of flexible design patterns through the usage of various thermosetting and thermoplastic raw materials is another major factor driving the pultrusion market.

Increase in demand for lightweight materials and rise in demand for durable products for corrosive environments, such as rebar and gratings applications, are the key factors augmenting the pultrusion market. Furthermore, upcoming technological advancements, industrial developments, and innovative techniques developed for the use of pultrusion are anticipated to influence market growth. The pultrusion market has been witnessing strong growth since the last few years owing to the high demand from end-user industries in the U.S., Germany, France, China, and Japan. However, factors such as lack of recyclability and high cost of raw materials vis-à-vis that for traditional materials may hamper market growth.

Based on fiber type, the pultrusion market can be segmented into glass fiber, carbon fiber, and others. The glass fiber segment dominates the pultrusion market as it offers properties such as corrosion resistance, incombustibility, and product appearance. Carbon fibers are widely used in commercial applications such as rebars and structural components in the aerospace & defense industry.

Based on resin type, the pultrusion market can be divided into polyester, vinyl ester, polyurethane, and other resins. Resin provides resistance to the environment (i.e. corrosion resistance, UV resistance, impact resistance, etc.), while glass provides strength in addition to safety from fire.

Based on application, the pultrusion market can be segregated into industrial, housing, civil engineering, consumer, and others. Pultruded products are being used in different applications due to the physical and mechanical properties such as light weight, high mechanical strength, heat resistance, chemical stability, thermal stability, recyclability, dimensional stability, and good optical clarity.

In terms of geography, the pultrusion market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Currently, Asia Pacific is the largest consumer of pultruded parts; China and Japan are the major countries in terms of consumption. Urbanization and rapid industrialization have boosted the construction & infrastructure sector in Asia Pacific. This has been augmenting the demand for pultruded structural parts in the region. Additionally, Asia Pacific and North America are the most active markets in terms of strategic initiatives, owing to their emerging market demand. Expansion in end-user industries, rise in local manufacturing, and increase in number of domestic players in the vertical market segment (for instance, industrial applications) are some of the factors driving the pultrusion market.

Key players operating in the pultrusion market include Strongwell Corporation, Exel Composites, Bedford Reinforced Plastics, Jiangsu Jiuding New Material Co., Faigle Kunstsoffe GmbH, and Diversified Structural Composites.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Pultrusion Market

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