GLOBAL PULTRUSION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has been the dominant regional market for pultrusion globally with estimated 45.3% share in 2024. The presence of major end-use industries such as construction, transportation and machinery manufacturing has fueled the growth of pultrusion market in the region. The U.S. accounts for the largest share of the North America pultrusion market owing to strong industrial ecosystem and technologically advanced manufacturing capabilities. Established industry players in the region focus on continuous product innovation through R&D investment to cater growing demand from diverse end-use applications. Moreover, the presence of major composite material manufacturers and machinery suppliers strengthen the value chain in the region.

Asia Pacific market has emerged as the fastest growing regional market for pultrusion in recent years. This growth can be attributed to rapid industrialization and infrastructure development activities in emerging economies of China and India. There is rise in pultrusion demand for applications in building & construction, transportation and electrical sectors. Countries like China, Japan and South Korea have presence of numerous pultrusion product manufacturers to serve growing domestic as well as export demand. Industry players in the region are focusing on setting up manufacturing units with latest machinery to cater rising demand from infrastructure projects. Moreover, supportive government policies promote growth of composite material and infrastructure industry, boosting pultrusion adoption.