Global Pultrusion Market, By Fiber (Glass, Aramid, Carbon, Others), By Resin (Polyester, Polyurethane, Epoxy, Vinyl Ester, Others), By End Use (Industrial, Power& Energy, Housing, Automotive, Civil Engineering, Consumer, Aerospace, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Mar 2024

Code : CMI6775

Pages :135

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market Concentration and Competitive Landscape

Global Pultrusion Market Concentration By Players

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Rising Adoption in Renewable Energy Sector

With world moving rapidly towards adoption of cleaner and greener sources of energy, the renewable energy sector has become one of the primary growth engines of the global economy For instance, The International Renewable Energy Agency (IRENA) estimates that renewable power capacity additions increased by 45% year-on-year in 2021. Both solar and wind power industries have seen exponential capacity additions over the past decade due to supportive government policies and aggressive business investments. Pultruded composites are increasingly used across various applications in these industries due to their lightweight and corrosion resistance properties. In solar PV systems, pultrusions are ideal for mounting structures, racking systems and other structural components that need to withstand tough weather conditions for decades. Similarly, in wind turbines, these materials are a preferred choice for blades, nacelles and support towers. Standard fiberglass is now being replaced by advanced Pultruded FRP materials in many such applications due to their superior mechanical properties and attractive performance-cost ratio.

Key Players Insights