Pultruded Panels Market to Witness Mounting Growth in Approaching Time
May 30, 2022
Stratview Research releases a new report on the Pultruded Panels Market that shows lucrative growth opportunities in the global industry during the next five-year period. This report ensures reliable information related to the present and future market trends. The following summary will give an overview of the challenges, dynamics, and more details mentioned in the report.
Pultruded Panels Market Insights:
Stratview Research followed a three-way approach to understand as well as estimate the severity and recovery cycle of the market from the pandemic. Primary interviews with the industry stakeholders; past industry downturns caused by recession and pandemic; and available authentic data sources disclosing the possible decline due to the pandemic were considered as a base to estimate the pandemic’s impact on the pultruded panels market. The collective outcome of the study suggests that the market will follow a V-shaped recovery as it recorded in other downturns (The Great Recession); however, the recovery cycle would be slackened, taking a longer time than the ones taken during the great recession.
Also, there will be a double-digit decline in the demand for pultruded panels in the year 2020, followed by a hefty recovery in 2021 and a sequential growth pattern in the coming years. As a result, the pultruded panels market is expected to reach US$ 0.5 billion in 2025.
The Pultruded Panels Market size depends upon several factors that have direct or indirect influence on the demand and supply chain. The report published by Stratview Research throws light on the vital extracts of many such factors derived using different types of analysis like supply chain analysis, etc. These methods help in analysing the core strength of the companies, identifying their growth strategies, recognising their gaps as well as opportunities to lay out an effective roadmap which leads to higher profitability.
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Key Players
The report also highlights the topmost linchpins active in the market. According to the list, here are few key players mentioned in the report -
- 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.
Market Segmentation:
The report segments based upon geographics, demographics, benefits and volume etc., identifies the most attractive segments and sub-segments and have different driving factors. The segmentation mentioned in the report has been arranged in such a way that it can help users to be more efficient in terms of time, investment, and other resources. It also allows the businesses to learn more about their target audience so that they can tailor their strategies, and campaigns in increasing their market share and revenue.
The selection of a resin system varies from application to application. Polyester, vinyl ester, and epoxy are the most common resin systems used widely in pultruded panels. Among all the resin systems, polyester composite is anticipated to maintain its lead in the market in the foreseen future. The resin system is also dominant in the entire pultruded composites market, driven by several factors including its lower cost and good properties.
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.
Report Customization Options
Stratview Research offers one of the following free customization options to the users along with this detailed report:
Company Profiling
- Detailed brief of additional market players.
- SWOT analysis of key players.
- Competitive Benchmarking
Benchmarking of the market key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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