Pultrusion is a process of manufacturing structural composites parts using polymer matrix and fibers. Properties of products manufactured through pultrusion are good strength, good chemical resistance, non-magnetic, low maintenance, and very low thermal expansion.
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The pultruded parts have applications in the construction industry where different pultruded parts are used in the form of gratings, rebars and customized profiles. Pultruded products provide manufacturers and designers with the benefits of high strength-to-weight ratios, corrosion resistance, heat resistance, dielectric properties, and dimensional stability. FRP pultrusions are cost effective and versatile alternative to traditional materials, such as steel, aluminum, and timber. FRP pultrusions weigh 75% less than steel and are non-corrosive. FRP rebar has also been applied to various aspects of chemical anti-corrosion, and it replaces carbon steel, stainless steel, wood, and non-ferrous metals. Moreover, pultruded structural components used in the cooling towers produce an engineered framework of high quality, reliability, and safety.
Industrial applications are expected to drive the pultrusion market in the next five years due to an increase in demand for pultruded parts in cooling towers, offshore oil drilling projects and civil engineering. Currently, the global pultrusion market is dominated by various market players, such as Exel Composites (Finland), Strongwell Corp. (U.S.), Bedford Plastics (U.S.), Creative Pultrusion (U.S.) and Glasfroms Inc (U.S).
The report “Pultrusion Market by Type (Glass Fiber, Carbon Fiber and others), By Resin Type (Polyester, Vinyl Ester, Polyurethane and Others) by Application (Industrial, Housing, Civil Engineering, Consumers and others) and by Region – Global Trends and Forecasts to 2020”, The pultrusion end market in terms of value is expected to reach around USD 2,045.2 Million by 2020, at a CAGR of 4.8% between 2015 and 2020.
Apart from the market segmentation, this report also makes use of Porter’s Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global pultrusion market.