NEW YORK, March 24, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the pultrusion industry looks good with growing opportunities in the transportation, infrastructure, consumer goods, and construction industries. The global pultrusion market is forecast to grow at a CAGR of 4.6% from 2016 to 2021. The major growth drivers for this market are the rise in demand for lightweight materials and increasing demand for durable products for corrosive environments, such as in rebar and gratings applications. Increasing energy efficiency requirements from consumers and greater focus on total lifecycle cost of end products are further driving the market.
On the basis of comprehensive research, Lucintel forecasts that the demand for window profile will experience the highest growth in the forecast period, supported by increasing energy efficiency requirements from consumers and a higher degree of insulation than aluminum. These qualities save energy and add comfort and value in applications where temperature differentials are high.
During forecast period, the window profile is expected to emerge as the largest market by value and the second-largest market by volume consumption after ladder rail.
North America is expected to remain the largest market due to growth in end use applications and a wider acceptance of pultruded parts. Asia Pacific and Rest of the World are expected to witness significant growth over the forecast period because of the growing awareness of pultruded products.
For market expansion, the report suggests innovation and new product development, where the unique characteristics of pultrusion technology can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for end users.
Strongwell, Exel Composites, Creative Pultrusion, Bedford, Werner Ladder, Masco, and Pultron are among the major suppliers of the pultrusion market. Some companies are opting for M&A as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global pultrusion market by application, material type, and region and has come up with a comprehensive research report, "Global Pultrusion Market 2015-2020: Global Market Outlook." The Lucintel report serves as a springboard 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 pultrusion market through 2020, segmented by end use industry, material, and region as follows:
By application [million pounds and $ million shipment analysis from 2009 to 2020]:
- Window Profiles
- Ladder Rails
- Cable Trays
- Electric Insulators
- Road Markers
- Sound Barriers
- Sporting Goods
- Tool Handles
- Utility Poles
- Structural Shapes
By end use industry [million pounds and $ million shipment analysis from 2009 to 2020]:
- Consumer Goods
- Cooling Tower
- Other Industries
By material type [million pounds and $ million shipment analysis from 2009 to 2020]:
- Fiberglass Roving
- Fiberglass Mat
- Carbon Fiber
- Filler & Others
By region [volume (million pounds/ kilotons) and $ million shipment analysis from 2009 to 2020]:
- North America
- Asia Pacific and Rest of World
Some of the features of Growth Opportunities in the Pultrusion Market 2016-2021: Global Market Outlook include:
- The market size estimates for the pultrusion industry
- Global pultrusion market breakdown by various applications
- Global pultrusion market by key regions (North America, Europe, Asia) and by countries in terms of value and volume
- Global pultrusion market trend (2010-2015) & forecast (2016-2021) by industry by application and region in terms of value and volume
- Growth rates for various applications
- Composite materials consumption in the global pultrusion industry. Market break down by different types of resins and fibers
- Growth opportunities and emerging pultrusion applications
- Competitive analysis: market leaders and their market shares
- Market penetration for pultruded products in various applications
- Market outlook and insights
Read the full report: http://www.reportlinker.com/p03509638-summary/view-report.html
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