Lucintel Forecasts the Global Polyurethane Resin in the Global Composite Market to Reach $197 million by 2031
Lucintel Forecasts the Global Polyurethane Resin in the Global Composite Market to Reach $197 million by 2031
Blog Article
According to a market report by Lucintel, the future of the global polyurethane resin in
the global composite market looks promising with opportunities in the transportation,
construction, and other industries. The global polyurethane resin in the global composite
market is expected to reach an estimated $197 million by 2031 from $161.8 billion in
2023, at a CAGR of 3% from 2024 to 2030. The major drivers for this market are
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,
opportunity and forecast in polyurethane resin in the global composite market to 2030
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).
Lucintel forecasts that transportation will remain the largest end use segment over the
forecast period due to increasing usage of light weight material to increase fuel
economy.
Pultrusion will remain the largest manufacturing process 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. Resin transfer molding is expected to
witness highest growth over the forecast period.
Download sample by clicking on polyurethane resin in the global composite market
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. ROW is expected to witness highest growth over the forecast period.
BASF, Covestro, Huntsman Corporation, Dow Chemicals, Wanhua Chemical Group Co.
Ltd. are the major suppliers in the polyurethane resin in the global composite market.
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 write us at helpdesk@lucintel.com To get access of more than
1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust
market & unmet needs analysis. We are based in Dallas, TX and have been a trusted
advisor for 1,000+ clients for over 20 years. We are quoted in several publications like
the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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