Global Polyurethane Composites Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
“Global Polyurethane Composites Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global polyurethane composites market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global polyurethane composites market report has been segmented on the basis of fiber type, manufacturing process, end-use industry, and region.
Polyurethane composites are made up of rigid thermoset resins. Polyurethane composites are typically grouped according to the density of the polymer matrix and the length of the fiber reinforcement. Polyurethane have high tensile strength, impact resistance, and abrasion resistance as compared to other composites based on unsaturated polyester.
Increasing adoption of polyurethane composites for manufacturing of fuel efficient vehicles, is a key factor expected to drive growth of the global polyurethane composites market over the forecast period. In addition, increasing demand for polyurethane composite-based products in wind power energy industry, is another factor anticipated to propel growth of the target market over the forecast period. Moreover, rising demand of polyurethane composites in various end-use industries such as infrastructure & construction, electrical & electronics, etc., owing to its exceptional mechanical and physical properties, is a dynamic factor expected to fuel growth of the target market over the forecast the period.
However, high processing and manufacturing cost of product, is a major factor expected to restrain growth of polyurethane composites market over the forecast period. Increasing adoption of polyurethane composites in developing countries, is also expected to create a lucrative opportunity for growth of the global polyurethane composites market over the forecast period.
Analysis by Segment:
On the basis of fiber type, the glass fiber polyurethane composites segment is expected to hold major revenue share in the global polyurethane composites market during the forecast period, owing to its various properties such as strength, durability, stability, light weight, heat and temperature resistant. On the basis of manufacturing process, the lay-up manufacturing process segment is registered major share in terms of revenue in the target market and is expected to maintain dominance for the next coming years. On the basis of end-use industry, the transportation segment is anticipated to witness lucrative growth in terms of revenue in the target market over the forecast period.
Analysis by Region:
The Asia Pacific market hold major share in terms of revenue and volume in the target market and is expected to maintain its dominance over the forecast period. Rising demand for polyurethane composites from automobile industry in countries in the region is expected to drive growth of the target market in Asia Pacific over the forecast period. Increasing adoption for polyurethane for infrastructure of residential and commercial complexes in developing countries such as China, India, Indonesia and others, also expected to support revenue growth of the target market over the forecast period. The North America polyurethane composites market account for significant revenue share in the global polyurethane composites market. Latin America, and the Middle East & Africa are at a nascent stage to the global polyurethane composites market and anticipated to register a moderate growth rate over the forecast period.
Market Segmentation and Key Players Operating in The Global Polyurethane Composites Market:
Segmentation on The Basis of Fiber Type:
- Glass Fiber Polyurethane Composites
- Carbon Fiber Polyurethane Composites
- Aramid Fiber Polyurethane Composites
Segmentation on the Basis of Manufacturing Process:
- Resin Transfer Molding
- Injection Molding
- Filament Winding
- Compression Molding
- Others (Vacuum Infusion and Liquid Composite Molding)
Segmentation on the Basis of End-Use Industry:
- Building & Construction
- Electrical & Electronics
- Wind Power Energy
- Sports & Leisure
- Aerospace & Defense
- Others (Marine and Consumer Durables)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- Bayer AG
- DowDuPont Inc.
- Covestro AG
- Huntsman Corporation
- Toray Industries, Inc.
- Hexcel Corporation
- Wanhua Chemical Group Co., Ltd.
- Owens Corning
- Mitsui Chemicals, Inc.
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