Polyurethane Composites Market Size, Share, Development, Growth and Demand Forecast to 2024

  • Publishing: May 2021
  • Report Code: CM10891
  • Available Format: PDF

The global polyurethane composites market is growing in line with the increasing application of polyurethane composites in several end-use industries, including electrical and electronics, building and construction, transportation and wind power energy. The increasing acceptance of polyurethane composites in the development of lightweight automotive components, which have superior mechanical and physical properties against competing materials, is expected to drive the demand for polyurethane composites, during the forecast period (2016 - 2022).

The polyurethane composites market has been segmented by fiber type, manufacturing process, end use industry and region. On the basis of fiber type, the market has been segmented into glass fiber polyurethane composites and carbon-fiber polyurethane composites. Based on manufacturing process, the market has been segmented into lay-up, pultrusion, resin transfer molding, injection molding, filament winding and compression molding. On the basis of end use, the market has been segmented into industry transportation, building and construction, electrical and electronics, wind power energy, petrochemical, sports and leisure and aerospace and defense.

Based on the fiber type segment, the higher growth of the glass fiber polyurethane composites segment could be accredited to the properties such as strength, flexibility, durability, stability, light weight and resistance to heat, temperature, and moisture of glass fiber polyurethane composites. This leads to increasing use of glass fiber polyurethane composites in the manufacturing of various products across various industries.

On the basis of manufacturing process, lay up is expected to witness highest growth in the global polyurethane composites market because of the low cost and ease of processing, which makes lay-up manufacturing process one of the important processes for polyurethane composites.

Geographically, the polyurethane composites market has been segmented into North America, Europe, Asia-Pacific and Rest of the world. Asia-Pacific has been the largest market for polyurethane composites. The growth can be accredited to high economic growth rate, followed by heavy investments across various industries, such as automotive, building and construction, electrical and electronics and wind power energy. Moreover, governments, worldwide, have taken initiatives for the inflow of foreign investments to cater to the domestic demand, which is expected to drive the demand for polyurethane composites within this region.

The factors restricting the growth of the global polyurethane composites market include slow economic recovery of the European countries and North America, and recyclability issues of these composites.

The key market players operating in the global polyurethane composites market are BASF SE, Bayer AG, Hexcel Corporation, Huntsman Corporation, SGL Group, Toray Industries, Inc., The Dow Chemical Company, Wanhua Chemical Group Co., Ltd., Sekisui Chemical Co., Ltd., Owens Corning, and SGL Group, among others, all of which have adopted various strategies to increase their market shares.

Place An Order
USD 4900 USD 6400 USD 8400
Customized Report Solution

Get a bespoke market intelligence solution

We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws