Reports

Global Pultrusion Market to Grow at a CAGR of 5% During 2022-2027, Aided by Rising Application of the Pultruded Products in Various End Use Industries

Pultrusion Market

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 (2018-2028); 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 2023-2028 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:

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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Pultrusion Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Pultrusion Historical Market (2018-2022) 
    8.3    Global Pultrusion Market Forecast (2023-2028)
    8.4    Global Pultrusion Market by Fibre Type
        8.4.1    Glass Fibre
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Carbon Fibre
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Others
    8.5    Global Pultrusion Market by Resin Type
        8.5.1    Polyester
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Polyurethane
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Vinyl Ester
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Pultrusion Market by Application
        8.6.1    Industrial
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Construction
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Electrical
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Automotive
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)    
    8.7    Global Pultrusion Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Pultrusion Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Pultrusion Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Pultrusion Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Pultrusion Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Pultrusion Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Strongwell Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Jiangsu Jiuding New Material Co Ltd 
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Creative Pultrusions Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Fibrolux GmbH
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5     JAMCO Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Pultrusion Market: Key Industry Highlights, 2018 and 2028
2.    Global Pultrusion Historical Market: Breakup by Fibre Type (USD Billion), 2018-2022
3.    Global Pultrusion Market Forecast: Breakup by Fibre Type (USD Billion), 2023-2028
4.    Global Pultrusion Historical Market: Breakup by Resin Type (USD Billion), 2018-2022
5.    Global Pultrusion Market Forecast: Breakup by Resin Type (USD Billion), 2023-2028
6.    Global Pultrusion Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Pultrusion Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Pultrusion Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Pultrusion Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Pultrusion Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Pultrusion Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Pultrusion Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Pultrusion Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Pultrusion Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Pultrusion Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Pultrusion Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Pultrusion Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Pultrusion Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Pultrusion Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Global Pultrusion Market Structure

Key Questions Answered in the Report

What was the global pultrusion market size in 2021?

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

What is the growth rate of the market?

The market is estimated to grow at a CAGR of 5% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 2.7 billion by 2027.

What are the major regional markets of pultrusion, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major industry drivers?

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.

What are the key industry trends of the global pultrusion market?

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.

What are the major fibre types included in the market report?

Glass fibre, and carbon fibre, among others are the major fibre types included in the market report.

What are the different resin types based on which the market is segmented?

Polyester, polyurethane, and vinyl ester, among others are the different types of resins based on which the market is segmented.

What are the different applications of pultrusion?

Industrial, construction, electrical, and automotive are the different applications of pultrusion.

Who are the key industry players, according to the report?

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 2023-2028, 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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