Pultrusion Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Pultrusion Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Chemical & Materials

Report Digest

Pultrusion Market Introduction

Pultrusion is a process of manufacturing composite material profiles having constant cross sections and physical or material properties tailored to specific end-use requirements. The word pultrusion is the portmanteau of words ‘pull’ and ‘extrusion’. The process of pultrusion involves pulling the reinforcement materials like fibers or braided strands through a heated stationary die.

Pultruded composites are being used commonly across a vast range of end-use industries, including transportation, construction, electrical, and chemical industries. Manufacturers in the pultrusion market are introducing pultruded composites with advanced properties to suit requirements of a specific end-use applications, to gain momentum in the pultrusion market.

Pultrusion Market – Notable Developments

  • Strongwell Corp., a U.S.-based player in the pultrusion market, recently entered a distribution agreement with Pipespain S.L., a Spanish company, for distribution of the company’s pultruded fiberglass grating products including DURADEK®, DURAGRID®, SAFRAIL™ Fiberglass Handrail Systems, and EXTREN® fiberglass structural shapes and plate. With this agreement, the company is aiming to establish a strong presence in Spain and Portugal to capitalize on offshore, marine, oil and gas, and chemical markets across these countries.
  • PolyOne Corporation, a leading plastic material and resin manufacturing company, announced that it will acquire PlastiComp, LLC, a leading manufacturer of long fiber reinforced thermoplastic composites. PlastiComp recently started its second pultrusion line for manufacturing long-carbon-fiber-reinforced composites, and the PolyOne is aiming to expand its advanced composites portfolio with this investment.
  • Exel Composites – another leading player in the pultrusion market – announced in July 2018 that it has partnered with Ziebel – a Norwegian distributor of fiber optics – to develop a fiber optic-embedded carbon composite rod with the help of the expertise of Diversified Structural Composites (DSC) in pultrusion technology. Exel Composites acquired DSC in April 2018 to leverage DSC’s expertise in pultrusion technologies to complement its existing growth strategies.

Some of the most prominent competitors operating in the competitive landscape of global pultrusion market include –

  • Strongwell Corporation
  • Werner Company
  • Exel Composites
  • Teel Plastics
  • Glasforms Inc.
  • Bedford Reinforced Plastics
  • Fiber-Line Inc.
  • Jiangsu Jiuding New Material Co.
  • Tecton Engineering and Construction LLC
  • Faigle Kunstsoffe GmbH
  • Creative Pultrusion
  • Diversified Structural Composites
  • JAMCO Corporation

Pultrusion Market Dynamics

Growing Demand for Lightweight and Durable Materials to Withstand Harsh Environment Triggers Pultrusion Market Growth

Most industry players across the manufacturing sector are spurning heavy weight metal components to improve the performance characteristics of end products. Manufacturers are willing to experiment with innovative materials to explore possibilities to improve material properties of the product, and thereby, plastics and pultruded composites have been gaining popularity among them since past few years.

Leading players in the pultrusion market are introducing pultruded composites with excellent physical properties, such as heat resistance, corrosion resistance, flexibility, dielectric properties, and high strength-to-weight ratios to suit changing requirements of end-users. Thereby, the demand for flexible plastic materials with excellent performance characteristics that can withstand extreme environments is increasing, triggering growth of the pultrusion market.

High Initial Costs vis-à-vis the Pultrusion Process Create Barriers to Entry for Small Businesses in the Pultrusion Market

Though the pultrusion market is witnessing rapid growth with a widening range of its end-user industries, the need for high initial investments is creating challenges for pultrusion market players to offer competitive prices. The production costs and initial investments associated with pultruded composites are higher than its competitive materials, and this is one of the main challenges faced by players in the pultrusion market. Fabrication costs and material handling guides are the primary expenses of manufacturers in the pultrusion market and thereby, initial investments remain high in the pultrusion market. This creates major barriers to entry for new entrants in the pultrusion market.

Pultrusion Market Players Eye Lucrative Opportunities in the Automotive Industry

The automotive industry is undergoing transformations in terms of the types of materials used in various automotive parts. The lightweighting trend is spreading rapidly across the automotive industry, creating numerous lucrative opportunities for players in the pultrusion market. Pultrusion is one of the most cost-effective method of manufacturing composite parts used as important automotive components.

Leading players in the pultrusion market are offering tailored pultrusions suitable for automotive applications, including chassis rails, roof beams, door intrusion beams, and front-end support systems. With the leading manufacturers in the pultrusion market launching innovative pultruded resins for manufacturing various automotive parts, which can ultimately replace metal components, pultrusion market is expected to witness positive growth in the upcoming years.

Pultrusion Market Segmentation

Based on the types of fibers, the pultrusion market is segmented into

  • Carbon Fiber Composites
  • Glass Fiber Composites 
  • Other

Based on the attribute types, the pultrusion market is segmented into

  • Corrosion
  • Non-Corrosion

Based on the types of resins, the pultrusion market is segmented into

  • Epoxy Composites
  • Polyester Composites
  • Phenolic Composites
  • Vinlyester Composites
  • Other

Based on its applications, the pultrusion market is segmented into

  • Electric Insulators
  • Window Profiles
  • Ladder Rails
  • Rebar
  • Sound Barriers
  • Cable Trays
  • Grating
  • Road Markers
  • Sporting Goods
  • Utility Poles
  • Structural Shapes
  • Tool Handles
  • Decking
  • Antennas
  • Transportation
  • Others

Based on the end-use industries, the pultrusion market is segmented into

  • Electrical
  • Infrastructure
  • Chemical
  • Consumer Goods
  • Building and Construction 
  • Transportation
  • Cooling Tower
  • Other

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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.

Pain Points

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?