According to the recent study the polyurethane resin in the global composite market is projected to reach an estimated $299.2 million by 2028 from $235.8 million in 2022, at a CAGR of 4.0% from 2022 to 2028. Growth in this market is primarily driven by increasing demand for lightweight materials in the automotive industry to achieve higher fuel efficiency and reduce greenhouse gas emissions and growing acceptance of polyurethane resin in the global composite industry in wind blade application due to its fast curing and good flow ability as compared to epoxy resin.
Browse 82 figures / charts and 56 tables in this 144 -page report to understand trends, opportunities and forecast in polyurethane resin in the global composite market by end use (transportation, construction, and others), application (doors, load floors, cross arms, manhole covers, sunshades, door panels, side panels, utility poles, wind energy, windows, and others), manufacturing process (pultrusion, injection molding, reinforced reaction injection molding, resin transfer molding, filament winding, and spray up process), fiber type (chopped and roving), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Transportation market is expected to remain the largest segment during the forecast period.”
Based on end use, the polyurethane resin in the global composite market is segmented into transportation, construction, and others. Lucintel forecasts that the transportation market is expected to remain the largest segment due to increasing usage of light weight material to increase fuel economy.
“Within the polyurethane resin in the global composite market, the pultrusion segment is expected to remain the largest manufacturing process”
Based on manufacturing process the pultrusion segment is expected to witness the highest growth over the forecast period due to increasing demand for pultruded products, such as wind turbine spar caps, cladding panels, window frame, door and load floor.
“North America will dominate the polyurethane resin in the global composite market in near future”
North America is expected to remain the largest region over the forecast period due to higher acceptance level of polyurethane composites materials and growth in automotive industry
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Major players of polyurethane resin in the global composite market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF, Covestro, Huntsman Corporation, Dow Chemicals, Wanhua Chemical Group Co. Ltd. are among the major polyurethane resin in the global composite providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polyurethane-resin-composite.aspx or [email protected]