Pultruded Panels Market to Witness Mounting Growth in Approaching Time

Stratview Research has recently published a report on Pultruded Panels Market segmented by End-Use Industry Type (Building & Construction, Transportation, Aerospace & Defense, and Others), by Matrix Type (Polyester Composites, Vinyl Ester Composites, and Other Composites), by Reinforcement Type (Glass Composites and Carbon Composites), and by Region (North America, Europe, Asia-Pacific, and Rest of the World). The objective of the market experts at Stratview Research is to conduct a thorough analysis of the ‘Pultruded Panels Market’ and put a detailed knowledge about the industry and business attractiveness, revenue, market size, segmentation, growth and restraining factors so that the user gets in depth information about the industry and the business from a past, current and a future perspective and can potentially invest capital for further growth.

Additionally, the report covers a variety of established and emerging start-ups and organisations operating in the industry. As a result, the report provides a comparative analysis by presenting the user with various aspects of the markets discussed in the report.

Covid-19 Analysis –

Nationwide lockdowns have impacted, and halted productions, supply of raw materials sourcing disruption has affected the balance in the supply of finished products. This report aims to cover all the aspects of how the pandemic has affected the business in the Pultruded Panels Market and how has the subsequent lockdowns inflamed the industry scenario and what are the areas that needs urgent action and re-planning.

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Segment-wise analysis

The report encompasses in-depth segmentations like regional segmentation, segmentation by product types, application-wise segmentation, geographical segmentation and thereby gives the user an overview of the effectiveness of the segmentation by various classes.

Among a gamut of end-use industries, building & construction, transportation, and aerospace & defense are the major ones, leveraging the benefits of pultruded panels. However, Building & Construction is expected to remain the largest market for pultruded panels in the coming five years. The demand for pultruded panels in building & construction is worryingly being affected by the pandemic. However, a quick recovery is anticipated in the coming years, filling the voids generated due to the pandemic. Transportation and aerospace & defense are anticipated to mark a huge decline in their pultruded panels’ demand in 2020 while anticipating a healthy recovery recouping their 2019-market size by 2025.

Similar to resins, the selection of fiber for panels depends on several parameters including cost, performance, weight, etc. Glass fiber and carbon fiber are used in pultruded panels. Glass fiber composite is expected to maintain its supremacy in the market over the next five years, whereas carbon composite is expected to maintain its excellent growth pace by 2025. Carbon composites offer large number of benefits over glass composites. However, the high cost of carbon fiber restricts its widespread usage in the market, limited to high-performance applications demanding enormous weight saving.

In terms of region, North America is expected to remain the largest market for pultruded panels during the forecast period, mainly driven by the USA. Despite registering massive business loss in the region, the region is anticipated to maintain its lead in the global market in the coming five years, propelled by the huge demand for composites coupled with a robust supply chain.

Market Insights

Pultrusion requires no additional recognition for its contribution to the composites industry. The technology has earned a remarkable position over a period of time, especially in building & construction. A multitude of applications including rebars, structural profiles, windows, gratings, ladder rails, panels, and handrails, are increasingly fabricated through this process. Now, the composites industry stakeholders are heavily betting on the technology for the further penetration of composite materials in the mammoth construction sector, which still relies on the traditional materials, preferably steel.

Key Players in the Pultruded Panels Market

Strongwell Corporation Creative Pultrusion, Inc. Exel Composites Oyj Bedford Reinforced Plastics Röchling Group (Glastic Corporation) Fibergrate Composite Structures Inc. KREMPEL GmbH Fiber-Tech Industries, Inc. ISOVOLTA AG.

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