Glass Fiber for the Pultrusion Market Trends and Forecast
The future of the glass fiber for the global pultrusion market looks promising with opportunities in the construction, wind energy, and automotive markets. Glass fiber for the global pultrusion market is expected to grow with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are increasing demand for lightweight and corrosion-resistant materials and rising demand for composites in various industries, such as aerospace, automotive, and sports equipment.
• Lucintel forecasts that window profile is expected to witness the highest growth over the forecast period.
• Within this market, construction is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook of Glass Fiber for the Pultrusion Market
• United States: In the United States, Strongwell Corporation announced plans to invest in the expansion of its pultrusion manufacturing facilities in Virginia and Texas. The company aims to meet the growing demand for glass fiber pultruded products in construction, infrastructure, and transportation sectors. Strongwell Corporation set targets to increase production capacity by 30% over the next three years, supported by government grants for infrastructure development projects.
• India: In India, EPP Composites Pvt. Ltd. disclosed its strategy to enter the glass fiber pultrusion market with a new production facility in Gujarat. The company's investment aligns with the Indian government's 'Make in India' initiative, aimed at promoting domestic manufacturing and reducing dependency on imports. EPP Composites aims to capture a significant market share in India's growing composites industry by offering high-quality pultruded products tailored to local market needs. The company set targets to achieve a 25% increase in production capacity within the next two years.
• China: In China, Beijing Composite Materials Co., Ltd. announced plans to develop a new range of glass fiber pultruded profiles for use in railway infrastructure projects. The company aims to enhance product perFormance and production efficiency to meet the increasing demand for lightweight, corrosion-resistant materials in the transportation sector. Beijing Composite Materials set targets to expand its market share in the global pultrusion market by 20% by 2024, supported by government subsidies for investments in high-tech manufacturing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Glass Fiber for the Pultrusion Market by Segment
The study includes a forecast of glass fiber for the global pultrusion market by application, end use, and region.
Glass Fiber for the Pultrusion Market by Application [Value from 2018 to 2030]:
• Window Profile
• Rebar
• Ladder Rail
• Cable Tray
• Structural Shape
• Wind Blade
• Automotive Body Panel
• Others
Glass Fiber for the Pultrusion Market by End Use [Value from 2018 to 2030]:
• Construction
• Wind Energy
• Automotive
• Others
Glass Fiber for the Pultrusion Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Glass Fiber Companies for the Pultrusion Market
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies glass fiber companies for the pultrusion market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of glass fiber companies for the pultrusion market are profiled in this report include-
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Recent Development in Glass Fiber for the Pultrusion Market
• Strongwell Corporation: Strongwell Corporation announced the development of a new type of fiber reinForcement tailored for pultrusion processes. This fiber offers enhanced strength, stiffness, and corrosion resistance, making it suitable for a wide range of structural applications in construction, infrastructure, and industrial sectors.
• Owens Corning: Owens Corning introduced a novel glass fiber Formulation optimized for pultrusion manufacturing. The company's innovation focuses on improving resin compatibility and fiber dispersion, resulting in enhanced mechanical properties and processing efficiency in pultruded products used in automotive, marine, and wind energy applications.
• Sabic: Sabic unveiled a new line of carbon fiber reinForcements specifically designed for high-perFormance pultruded composites. The company's carbon fibers offer exceptional strength-to-weight ratio and durability, catering to the demanding requirements of aerospace, defense, and sporting goods industries.
• Ashland: Ashland announced the launch of a comprehensive portfolio of polyester and vinyl ester resins Formulated for pultrusion applications. The company's resins offer superior thermal stability, flame resistance, and chemical resistance, providing manufacturers with versatile solutions for producing pultruded products in various end-use sectors.
Features of Global Glass Fiber for the Pultrusion Market
Market Size Estimates: Glass fiber for pultrusion market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and Forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Glass fiber for pultrusion market size by application, end use, and region in terms of value ($B).
Regional Analysis: Glass fiber for pultrusion market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different applications, end uses, and regions of glass fiber for the pultrusion market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of glass fiber for the pultrusion market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the growth forecast of glass fiber for the pultrusion market?
Answer: Glass fiber for the global pultrusion market is expected to grow with a CAGR of 5.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the glass fiber for the pultrusion market?
Answer: The major drivers for this market are increasing demand for lightweight and corrosion-resistant materials and rising demand for composites in various industries, such as aerospace, automotive, and sports equipment.
Q3. What are the major segments of glass fiber for the pultrusion market?
Answer: The future of the glass fiber for the pultrusion market looks promising with opportunities in the construction, wind energy, and automotive markets.
Q4. Who are the key glass fiber companies for pultrusion market?
Answer: Some of the key glass fiber companies for pultrusion market are as follows:
• Company 1
• Company 2
• Company 3
• Company 4
• Company 5
Q5. Which glass fiber for the pultrusion market segment will be the largest in future?
Answer: Lucintel forecasts that window profile is expected to witness the highest growth over the forecast period.
Q6. In glass fiber for the pultrusion market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities in glass fiber for the pultrusion market by application (window profile, rebar, ladder rail, cable tray, structural shape, wind blade, automotive body panel, and others), end use (construction, wind energy, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Glass Fiber for the Pultrusion Market Market, Glass Fiber for the Pultrusion Market Market Size, Glass Fiber for the Pultrusion Market Market Growth, Glass Fiber for the Pultrusion Market Market Analysis, Glass Fiber for the Pultrusion Market Market Report, Glass Fiber for the Pultrusion Market Market Share, Glass Fiber for the Pultrusion Market Market Trends, Glass Fiber for the Pultrusion Market Market Forecast, Glass Fiber for the Pultrusion Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.