Lucintel's latest market report analyzed that pultrusion provides attractive opportunities in the transportation, infrastructure, consumer goods, and construction industries. The pultrusion market is expected to reach $3.4 billion by 2026 with a CAGR of 4.6%. In this market, a utility poles is the highest growth segment by application, whereas consumer goods is largest by end use industry. Strategic collaboration of pultruded parts manufacturers with OEMs to serve unique needs and find new application areas provides strategic growth path in this market.
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Based on applications, the pultrusion market is segmented into window profile, rebar, ladder rails, cable trays, electrical insulators, decking, grating, road maker, sound barrier, sporting goods, tool handles, utility poles, structural shapes, transportation, wind energy, and others. The utility poles segment is expected to register the highest CAGR during the forecast period, supported by ongoing replacement of wooden poles and performance benefits of FRP poles over wood, steel, and other poles. Asia Pacific and ROW are expected to remain the largest regions, and are also expected to experience the highest growth over the forecast period because of growth in chemical, consumer goods, and construction industry. The major drivers for growth are increasing urbanization, rapid industrialization, and growing awareness of pultruded products.
Browse in-depth TOC on “Pultrusion Market”
242 – Tables
193 – Figures
301 – Pages
The pultrusion market is marked by the presence of several big and small players. Some of the prominent players offering pultrusion include strongwell corporation, excel composites, werner company, polyone corporation, Bedford reinforcement, creative pultrusion Inc., tecton products, teel plastics, fiberline composites.
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