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Historical Year
Forecast Year
The global pultrusion market stood at a value of around USD 2.21 billion in 2023. The market is further expected to grow at a CAGR of 5.10% in the forecast period of 2024-2032 to attain a value of around USD 3.45 billion by 2032.
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The glass fibre segment, based on fibre type, accounts for a significant share in the market owing to the cost-effectiveness, corrosion resistance, great strength-to-weight ratio, and high heat distortion temperature of the product. The high structural strength, coupled with the ability of the material to get moulded to precise tolerances, makes it ideal for the building and construction industry. Over the forecast period, the growing demand for glass fibre as a reinforcing material, such as E-glass and S-glass, is likely to propel the segment’s growth.
The pultrusion industry in the Asia Pacific is driven by the expansion of the end use industries in countries like India and China, rising number of local manufacturers, rapid industrialisation and urbanisation, and rising investments towards infrastructure development across the region. Further, the advancements in the automotive sector in countries like South Korea and Japan are likely to generate a significant demand for pultrusion in the region in the forecast period.
Pultrusion is defined as a manufacturing process in which the reinforced fibres and liquid resins are converted into fibre-reinforced plastic. Pultrusion is a process which involves the development of parts using constant-cross section.
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Based on fibre type, the market can be segmented into:
The major resin types considered in the market report include:
The segmentation of the market, on the basis of application, includes:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global pultrusion industry is driven by the rising application of pultrusion in the building and construction sector, owing to the rapid infrastructure development in emerging economies. This can be attributed to the rising demand for fiberglass in the development of industrial and residential structures owing to the scalability and flexibility offered by the material. Further, the market is anticipated to be driven by the growing utilisation of pultrusion in advanced reinforced polymer (FRP) composites for structural application. This is mainly due to the fact that pultrusion offers best productivity/cost ratio. Over the forecast period, the increasing inclination towards polymer pultruded products as an alternative to steel and aluminium in the construction and industrial sector is likely to provide impetus to the market.
The report gives a detailed analysis of the following key players in the global pultrusion market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Fibre Type |
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| Breakup by Resin Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global pultrusion market attained a value of nearly USD 2.21 billion.
The market is estimated to grow at a CAGR of 5.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.45 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising application of pultrusion in various end use industries and the growing demand for polymer pultruded products as an alternative to steel and aluminium, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the rising investments in the construction and engineering sector, coupled with the technological advancements in various end use industries.
Glass fibre, and carbon fibre, among others are the major fibre types included in the market report.
Polyester, polyurethane, and vinyl ester, among others are the different types of resins based on which the market is segmented.
Industrial, construction, electrical, and automotive are the different applications of pultrusion.
The major players in the industry are Strongwell Corporation, Jiangsu Jiuding New Material Co Ltd, Creative Pultrusions Inc., Fibrolux GmbH, and JAMCO Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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