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Global Pultrusion Market: By Fibre Type: Glass Fibre, Carbon Fibre, Others; By Resin Type: Polyester, Polyurethane, Vinyl Ester, Others; By Application: Industrial, Construction, Electrical, Automotive; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Pultrusion Market Outlook

The global pultrusion market stood at a value of around USD 2 billion in 2021. The market is further expected to grow at a CAGR of 5% in the forecast period of 2022-2027 to attain a value of around USD 2.7 billion by 2027.

 

Global Pultrusion Market

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The Glass Fibre Segment Holds a Significant Share in the Global Pultrusion Industry

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 Asia Pacific Accounts for a Significant Share in the Market

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: Market Segmentation

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.

 

Global Pultrusion Market by Segment

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Based on fibre type, the market can be segmented into:

  • Glass Fibre
  • Carbon Fibre
  • Others

The major resin types considered in the market report include:

  • Polyester
  • Polyurethane
  • Vinyl Ester
  • Others

The segmentation of the market, on the basis of application, includes:

  • Industrial
  • Construction
  • Electrical
  • Automotive

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Pultrusion Market by Region

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Rising Application of Pultrusion in the Building and Construction Sector to Boost the Growth of the Pultrusion Industry

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.

 

Key Industry Players in the Global Pultrusion 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:

  • Strongwell Corporation
  • Jiangsu Jiuding New Material Co Ltd
  • Creative Pultrusions Inc.
  • Fibrolux GmbH
  • JAMCO Corporation
  • Others

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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Fibre Type, Resin Type, Application, Region
Breakup by Fibre Type Glass Fibre, Carbon Fibre, Others
Breakup by Resin Type Polyester, Polyurethane, Vinyl Ester, Others
Breakup by Application Industrial, Construction, Electrical, Automotive
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Strongwell Corporation, Jiangsu Jiuding New Material Co Ltd, Creative Pultrusions Inc., Fibrolux GmbH, JAMCO Corporation, Others
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Pultrusion Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Pultrusion Historical Market (2017-2021) 
    8.3    Global Pultrusion Market Forecast (2022-2027)
    8.4    Global Pultrusion Market by Fibre Type
        8.4.1    Glass Fibre
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Carbon Fibre
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Others
    8.5    Global Pultrusion Market by Resin Type
        8.5.1    Polyester
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Polyurethane
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Vinyl Ester
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Pultrusion Market by Application
        8.6.1    Industrial
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Construction
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Electrical
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Automotive
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
    8.7    Global Pultrusion Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Strongwell Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Jiangsu Jiuding New Material Co Ltd 
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3     Creative Pultrusions Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Fibrolux GmbH
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    JAMCO Corporation
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Pultrusion Market: Key Industry Highlights, 2017 and 2027
2.    Global Pultrusion Historical Market: Breakup by Fibre Type (USD Billion), 2017-2021
3.    Global Pultrusion Market Forecast: Breakup by Fibre Type (USD Billion), 2022-2027
4.    Global Pultrusion Historical Market: Breakup by Resin Type (USD Billion), 2017-2021
5.    Global Pultrusion Market Forecast: Breakup by Resin Type (USD Billion), 2022-2027
6.    Global Pultrusion Historical Market: Breakup by Application (USD Billion), 2017-2021
7.    Global Pultrusion Market Forecast: Breakup by Application (USD Billion), 2022-2027
8.    Global Pultrusion Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Pultrusion Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Pultrusion Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Pultrusion Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Pultrusion Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Pultrusion Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Pultrusion Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Pultrusion Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Pultrusion Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Pultrusion Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Pultrusion Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Pultrusion Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Pultrusion Market Structure

Key Questions Answered in the Report

In 2021, the global pultrusion market attained a value of nearly USD 2 billion.

The market is estimated to grow at a CAGR of 5% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 2.7 billion by 2027.

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.

Analyst Review

The global pultrusion market attained a value of USD 2 billion in 2021, driven by the rising application of pultrusion in various end use industries. Aided by the rising investments in the construction sector, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5%. The market is projected to reach USD 2.7 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on fibre type, the market is divided into glass fibre, carbon fibre, and others. On the basis of resin type, the market is divided into polyester, polyurethane, and vinyl ester, among others. By application, the industry is divided into industrial, construction, electrical, and automotive. The major regional markets for pultrusion are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Strongwell Corporation, Jiangsu Jiuding New Material Co Ltd, Creative Pultrusions Inc., Fibrolux GmbH, and JAMCO Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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