Dallas, TX / CRWE PRESS RELEASE / Dec. 9, 2021 - According to the recent study the polyurethane resin composite market is projected to grow at a CAGR of 2.6% from 2020 to 2025. Growth in this market is primarily driven by the composites manufactured from PU resin have short cycle time, high toughness, and flexibility compared to composites based on vinyl ester and unsaturated polyester resin.

Browse 91 figures / charts and 37 tables in this 149 -page report to understand trends, opportunities and forecast in polyurethane resin composite market by end use industry (transportation, construction, and others), application (door, load floor, Cross arm, manhole cover, sunshade, door panel, utility pole, wind turbine blade, window frame and others) manufacturing process (pultursion, reaction injection, injection molding, filament winding, spray up process) and region (North America, Europe, Asia Pacific and ROW).

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“Pultrusion market is expected to remain the largest segment during the forecast period.”

Based on manufacturing process, the polyurethane resin composite market is segmented into pultursion, reaction injection, injection molding, filament winding, and spray up process. Lucintel forecasts that the pultursion market is expected to remain the largest segment and it is also expected to witness the highest growth over the forecast period due to an increasing demand for pultruded products in construction applications, such as window frame, cladding panels and shipping pallets.    

“Within the polyurethane resin composite market, the transportation segment is expected to remain the largest end use industry”

Based on end use industry, the transportation segment is expected to witness the largest growth and it is also expected to witness in the highest growth over the forecast period due to an increasing use of lightweight material to increase fuel efficiency and reduce carbon emissions.  

“Europe will dominate the polyurethane resin composite market in near future”

Europe is expected to be the largest region and it is also expected to witness the highest growth over the forecast period due to growth in automotive and construction industry.

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Major players of Polyurethane resin composite market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market.  Covestro, DowDupont, Huntsman, BASF, and Henkel are among the major polyurethane resin composite providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polyurethane-resin-composite.aspx  or helpdesk@lucintel.com