Polyurethane Composites Market Projected to Reach 909.8 Million USD by 2026
The polyurethane composites market is estimated at USD 515.0 Million in 2016, and is projected to reach USD 909.8 Million by 2026, at a CAGR of 5.9% from 2016 to 2021.
The report "Polyurethane Composites Market by Type (Glass, Carbon), Manufacturing Process (Lay-Up, Pultrusion, Resin Transfer Molding), End-Use Industry (Transportation, Building & Construction, Electrical & Electronics), Region - Global Forecast to 2026", The global polyurethane composites market is projected to reach USD 909.8 Million by 2026, at a CAGR of 5.9% from 2016 to 2026.
Browse 121 market data tables and 83 figures spread through 173 pages and in-depth TOC on “Polyurethane Composites Market - Global Forecast to 2026”
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Increase in demand of polyurethane composites from the transportation, building & construction, electrical & electronics, wind power energy industries is propelling the growth of this market.
Fiber glass polyurethane composites is the fastest-growing fiber type segment of the global polyurethane composites market
The fiber glass polyurethane composites is estimated to account for the largest share of the polyurethane composites market in 2016, and is projected to be the fastest-growing type segment from 2016 to 2026. The growth is mainly attributed features such as superior strength, flexibility, durability, stability, light weight, heat, and moisture resistivity that makes fiber glass polyurethane composites more preferred choice in industries.
Lay-up segment is anticipated to grow at the highest CAGR from 2016 to 2026
The lay-up segment is anticipated to grow at the highest CAGR in global polyurethane composites market from 2016 to 2026. Low cost and ease of ease of processing makes lay-up manufacturing process as one of the prominent manufacturing process for polyurethane composites.
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Transportation is the fastest-growing end-use industry segment of the global polyurethane composites market
The transportation segment is estimated to account for the largest share of the global polyurethane composites market in 2016, and is projected to be the fastest-growing segment from 2016 to 2026. This growth can be attributed to the increased demand for the use of polyurethane composites in the automobile industry, due to its light weight and superior physical and mechanical properties.
Asia-Pacific is the largest market for the polyurethane composites in 2016
Asia-Pacific is the largest market for polyurethane composites in 2016. This increased demand can be attributed to the growing demand for polyurethane composites from the end-use industries such as transportation, building & construction, electrical & electronics, and wind power energy in this region.
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Key players operational in the market include BASF SE (Germany), Bayer AG (Germany), Hexcel Corporation (U.S.), Huntsman Corporation (U.S.), SGL Group (Germany), Toray Industries, Inc. (Japan), The Dow Chemical Company (U.S.), Wanhua Chemical Group Co., Ltd. (China), Sekisui Chemical Co., Ltd. (Japan), Owens Corning (U.S.), and SGL Group (Germany).
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Mar 06, 2017