Polyurethane Composites Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
The global polyurethane composites market is prophesied to gain a telling impetus owing to a wide scope of applications available for industry players to cash in on. Polyurethane composites are studied to be a multipurpose thermoset polymer matrix that could up its market growth on account of the desperate pursuit of chemists and scientists to develop quality, automated, and fast composite production.
The usage of chopped fibers in the development of suitable formulations for fabrication procedures could have been key for the evolution of the polyurethane composite platform. On account of its outweighing automation level, versatility, and comparatively lesser initial capital requirements (open mold), the fiber composite spray (FCS) technology is anticipated to receive a strong momentum in the foreseeable future. However, the development of long-fiber injection (LFI) technology is envisaged to immeasurably benefit the automobile and industrial applications sectors. For instance, the LFI technology could be applied for tractor bonnets or manhole covers.
Continuous fiber reinforcement composites are prognosticated to receive a significant focus because of their enhanced properties that they are capable to offer. The closed nature of processes such as resin transfer molding (RTM) and structural reaction injection molding (S-RIM) could prove them as favorable technologies for polyurethanes. The development of polyurethane systems for the pultrusion process using closed injection method demonstrated low pull forces, good surface luster, and fast speeds. Coupled with the absence of diluents, polyurethanes could be an attractive and a tangible option for an environment-friendly and a clean pultrusion process.
Polyurethane composites have recently forayed into foamed structural RIM automotive interior and exterior parts such as package shelves, load floors, and pick-up truck boxes. Used for anti-corrosion, reinforcement, in engineering components, electrical insulation, in aircrafts, trains and cars, and wear and tear protection, polyurethane composites are systems that are processed into molded parts or coatings, in combination with fillers, short, or long fibers. The method involves the use of either a conventional composite manufacturing procedure or casting, spraying, liquid resin press molding.
The polyurethane composites market report includes a detailed analysis of the key trends, opportunities, growth drivers, and restraining factors in the market for polyurethane composites. The major market players are analyzed in detail wherein factors such as their business strategies, market shares, and product portfolios are studied. The supply and demand ratio, market dynamics, market attractiveness, technological advancements, and market projections have been revealed along with relevant statistical data.
As polyurethane composites are manufactured with rigid thermoset resins, they possess superior strength and greater resistance to abrasion and heat when compared with composites that use vinyl ester resins and unsaturated polyester. Research shows that polyurethane composites save more than 20% of the weight of non-automotive applications. This is expected to augment the growth of global polyurethane composites market.
Polyurethane composites are environment friendly as they are recyclable. Furthermore, compared to polyester spray-ups, polyurethane composites are much faster and convenient to use, as polyester spray-ups require rolling out the glass to release air. The tooling and labor costs are also lower. All these advantages will aid the growth of global polyurethane composites market.
Fiber glass polyurethane composites are likely to emerge as one of the most promising segments by type. Factors such as durability, light weight, resistance to moisture and heat, and flexibility account for the opportunities presented by this segment. By end user, the transportation segment is projected to hold a major share in the market for polyurethane composites, owing to the heightened demand exhibited by the automotive industry. The polyurethane composites market will witness abundant opportunities on account of the growing number of applications ranging from electric light poles to bathtubs. On the other hand, strict regulatory policies are likely to limit polyurethane composites market growth.
Based on geography, the global polyurethane composites market can be segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. North America has been a prominent market for polyurethane composites and is expected to retain its strong position in the years to come. The growth in this region has been attributed to rigorous construction activities aimed at upgrading public infrastructural facilities.
Asia Pacific has been displaying a surge in demand for polyurethane composites. This demand is driven by growing number of end users such as electrical and electronics, transportation, and building and construction. Recently, these industries have been expanding at a phenomenal rate in Asian countries such as China, India, and Japan, thereby generating significant prospects. Mexico is another regional market that will present immense opportunities over the coming years due to improving standards of living.
The key companies operating in the polyurethane composites market include Bayer AG, Toray Industries, Inc., SGL Group, BASF SE, Hexcel Corporation, The Dow Chemical Company, Huntsman Corporation, Sekisui Chemical Co., Ltd., and Wanhua Chemical Group Co., Ltd. Growing costs of energy generation coupled with awareness about greenhouse effect have led major companies to boost their energy-efficiency levels.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report