Pultrusion Products Market Analysis

Pultrusion Products Market Analysis

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In terms of fiber, the pultrusion products market is bifurcated into glass, carbon, aramid, and others. The glass fiber segment is expected to register revenue worth more than USD 2 billion by 2030. Glass fiber is used to make reinforced plastic and can be woven into a fabric, flattened into a sheet, or randomly distributed. Glass fibers are being increasingly used across various industries such as maritime, automotive, civil engineering, and in developing recreational and athletic products to reinforce polymers.

One of the main benefits of using glass fibers for polymer reinforcement is high performance at a low cost, which may augment product demand. Furthermore, its corrosion resistance characteristics enable glass fibers to be used as a replacement for steel reinforcements in concrete and seawater. With urbanization on the rise and surging demand for commercial infrastructure, the production of glass fiber will increase in the ensuing years.

Based on resin, the pultrusion products market is segmented into polyester, epoxy, polyurethane, vinyl ester, and others. The polyester resin segment is anticipated to register a CAGR of over 4% through 2030. Polyester resins account for close to 65% of all the pultrusion resins used in the business of composite manufacturing. This is primarily due to ease of customization during the creation of polymer chains. Additionally, polyester resins are very adaptable and can be used to create any composite depending on the composition of constituent parts. Such desirable characteristics are expected to contribute significantly to segmental progress.

The pultrusion products market size from the industrial end-use segment is predicted to reach 130 Kilo tons by 2030. The industrial sector comprises pipe supports, fiberglass struts, cored tubing, cooling towers, residential door profiles, docks, conveyor systems, ladders, and bridge components. Different industrial components are being produced using the process of pultrusion to offer reinforcement and enhance their weight and durability. Building project designers benefit from the characteristics of pultruded products which comprise corrosion resistance, high-grade ratios, dielectric properties, low thermal expansion, and impact resistance, further fostering market demand from the segment.

Regionally, the pultrusion products market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American industry is expected to grow at a CAGR of 3.5% through 2030. Growing private and public investments in the automotive sector to produce lightweight designs and optimize vehicular performance have fostered the demand for pultrusion products. The thriving automotive industry will also lead to an increase the demand for carbon fiber components, thereby pushing the market trends.