Global Rubber Bonded Abrasives Market, By Fibre Type (Glass Fibre Polyurethane Composites and Carbon Fibre Polyurethane Composites), Manufacturing Process (Lay-Up, Pultrusion, Resin Transfer Moulding, Injection Moulding, Filament Winding and Compression Moulding), End User Industry (Transportation, Building and Construction, Electrical and Electronics, Wind Power Energy, Petrochemical, Sports and Leisure, Aerospace and Defence and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Polyurethane Composites Market
Data Bridge Market Research analyses that the polyurethane composites market will witness a CAGR of 4.81% for the forecast period of 2021-2028. Rising application of polyurethane composite- based product by the various end user industries such as wind power energy industry and rising adoption of polyurethane composites in the manufacturing of fuel efficient vehicles are the two major factors attributable to the growth of the polyurethane composites market. This signifies that the global polyurethane composites market value would stand tall by USD 999.42 million by the year 2028.
Polyurethane composites are flexible materials that can be formed into rigid and flexible foams, and elastomers. Polyurethane composites can be used by the various end user verticals as these are resilient, flexible and durable thermoset resin. The polyurethane composites are better and superior alternative to polyester and vinyl ester.
Rising application of polyurethane composites by electrical and electronics industry will fuel up the market growth rate. Growth and expansion of transportation industry especially in the developing economies will further create lucrative market growth opportunities. Excellent properties offered by polyurethane composites such as lightweight nature good acoustic & heat-insulating properties and excellent 3-D malleability will further propel the market growth.
However, slowdown in the global automotive production especially post coronavirus outbreak will pose a major challenge to the market growth. High production costs will further derail the market growth rate. Recyclability issues associated with polyurethane composites will also hamper the market growth rate.
This polyurethane composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyurethane composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyurethane Composites Market Scope and Market Size
The polyurethane composites market is segmented on the basis of fibre type, manufacturing process and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of fibre type, the polyurethane composites market is segmented into glass fibre polyurethane composites and carbon fibre polyurethane composites.
- On the basis of manufacturing process, the polyurethane composites market is segmented into lay-up, pultrusion, resin transfer moulding, injection moulding, filament winding and compression moulding.
- On the basis of end user industry, the polyurethane composites market is segmented into transportation, building and construction, electrical and electronics, wind power energy, petrochemical, sports and leisure, aerospace and defence and others. Transportation segment is sub-segmented into interiors and exteriors. Building and construction segment is sub-segmented into indoor application and outdoor application. Electrical and electronics segment is sub-segmented into electronics components. Wind power energy segment is sub-segmented into blades and others. Petrochemical segment is sub-segmented into pipes and tanks. Sports and leisure segment is sub-segmented into sports and leisure. Aerospace and defence segment is sub-segmented into commercial and military. Others segment is sub-segmented into marine and consumer durables.
Global Polyurethane Composites Market Country Level Analysis
The polyurethane composites market is analysed and market size, volume information is provided by country, fibre type, manufacturing process and end user industry as referenced above.
The countries covered in the polyurethane composites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is dominates the polyurethane composites market and is expected to undergo substantial gains during the forecast period. This is because of the large scale application of polyurethane composites by various verticals across countries like China, India and Japan. Increased initiatives by the government to stimulate FDI inflow will also boost up the demand for polyurethane composites.
The country section of the polyurethane composites market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyurethane Composites Market Share Analysis
The polyurethane composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyurethane composites market.
The major players covered in the polyurethane composites market report are BASF SE, Bayer AG, Covestro AG, Huntsman International LLC., ELANTAS GmbH, Henkel Corporation., Dow, TORAY INDUSTRIES, INC.., SEKISUI CHEMICAL CO., LTD., SGL Group, Owens Corning., Wanhua., Linecross and Webasto Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.