Home > Chemicals & Materials > Advanced Materials > Functional Materials > Pultrusion Products Market
Pultrusion Products Market size was valued at over USD 3 billion in 2021, due to a surge in demand for durable, lightweight structural composites. The industry is further expected to depict a CAGR of over 3.5% through 2022-2030.
Pultrusion is used to make specialized parts that are lightweight and robust; to that end, the process receives huge demand from industries such as civil, automobile, and aerospace manufacturing along with industrial, construction, chemical, electrical, and civil engineering. Citing an instance, the construction sector in North America was valued at USD 1.9 trillion, and structural composites were an integral component.
Furthermore, there is a growing demand for malls, houses, and recreational spaces across major regions, due to the rising population of the world. To cater to these global demands, lightweight and easy-to-transport structural composites are being used, owing to benefits such as sustainability and affordability. Materials used in windows, doors, and roofs are lightweight and additional benefits of cost-effectiveness and sustainability have increased the usage of structural composites.
Report Attribute | Details |
---|---|
Base Year: | 2021 |
Pultrusion Products Market Size in 2021: | 3 Billion (USD) |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 3.5% |
2030 Value Projection: | 4 Billion (USD) |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 479 |
Tables, Charts & Figures: | 677 |
Segments covered: | Fiber, Resin, End-Use |
Growth Drivers: |
|
Pitfalls & Challenges: |
|