Pultruded Panels Market to Witness Expansion
Stratview Research has published a new report titled ‘Pultruded Panels Market’ to its database. It has segmented the market 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).
Market Segments' Analysis
The market researchers have studied the Pultruded Panels Market minutely for better understanding. The report consists of segment-wise details to assist the users in making suitable decisions for better growth opportunities. Below is the short piece of information -
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.
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.
Highlights of the report:
The report also highlights the following segments -
- The market structure and forecasts for the coming years.
- Drivers, restraints, opportunities, and current trends of Pultruded Panels Market.
- Historical data and forecast.
- Estimations for the forecast period 2025.
- Developments and trends in the market.
Our market research experts have studied the Pultruded Panels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-chain, pricing trends, product preferences, consumer patterns & more. The findings are further validated through primary research with industry experts across the globe.
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