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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Pultruded Panels Market: By Matrix Type, By Reinforcement Type, By End User, and Geography
Pultruded Panels Market: By Matrix Type, By Reinforcement Type, By End User, and Geography
Pultruded Panels Market size was valued at US$ 256 million in 2023 and is poised to grow at a CAGR of 4.6% from 2024 to 2030. The global market provides a detailed overview of the market and that can be segmented by matrix type, reinforcement type, and end-user. By matrix type, the pultruded panels market has been segmented into polyester composites, vinyl ester composites, and others. The polyester composites segment is likely to be the largest and fastest-growing segment in terms of matrix type.
Based on reinforcement type, the pultruded panels market is segmented into carbon composites and glass composites. Among these, the carbon composites segment is expected to have the fastest-growing market during the forecast period 2023-2029. On the basis of end-users, the market is segregated into building & construction, transportation, aerospace & defense, and others The building & construction held considerable market share during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
4.6%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The rising need for high-strength structural composites in offshore oil drilling projects, cooling towers, and civil engineering will drive demand for pultrusion products in the market. Pultruded goods provide corrosion resistance, high strength-to-weight ratios, heat resistance, dielectric properties, and dimensional stability, all of which help designers with construction projects.
Asia Pacific market is expected to witness the highest market share during the forecast period. Some of the factors driving the market in the region include the expansion of end-user industries, the rise of local manufacturing, and the increase in the number of domestic players in the vertical market sector. North America held a considerable market share during the estimated period owing to designers' increased adoption of pultruded parts in a variety of end-use applications The most used pultruded products in the region are polyester and vinyl ester. The manufacturing of a robust composite for a variety of applications is supported by rising demand.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 256 million |
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Market CAGR |
4.6% |
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By Matrix Type |
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By Reinforcement Type |
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By End User |
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The global pultruded panels market size was valued at US$ 256 million in 2023 and is projected to grow at a CAGR of 4.6% from 2024 to 2030.
The major players in the global pultruded panels market are Strongwell Corporation, Creative Pultrusion, Inc., Exel Composites Oyj, Bedford Reinforced Plastics, Röchling Group (Glastic Corporation), Fibergrate Composite Structures Inc., KREMPEL GmbH, Fiber-Tech Industries, Inc. and ISOVOLTA AG.
APAC is the fastest-growing region for Pultruded Panels Market
| 1. Executive Summary |
| 2. Global Pultruded Panels Market Introduction |
| 2.1. Global Pultruded Panels Market Taxonomy |
| 2.2. Global Pultruded Panels Market Definitions |
| 2.2.1. By Matrix Type |
| 2.2.2. By Reinforcement Type |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3. Global Pultruded Panels Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Pultruded Panels Market Dynamic Factors - Impact Analysis |
| 3.6. Global Pultruded Panels Market Competition Landscape |
| 4. Global Pultruded Panels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Pultruded Panels Market, By Matrix Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Polyester Composites |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Vinyl Ester Composites |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Pultruded Panels Market, By Reinforcement Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Carbon Composites |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Glass Composites |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Pultruded Panels Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Building & Construction |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Transportation |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Aerospace & Defense |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Pultruded Panels Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Pultruded Panels Market - Opportunity Analysis Index, By Matrix Type, Reinforcement Type, End User, and Region, 2024 - 2030 |
| 9. North America Pultruded Panels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Matrix Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Polyester Composites |
| 9.1.2. Vinyl Ester Composites |
| 9.1.3. Others |
| 9.2. Reinforcement Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Carbon Composites |
| 9.2.2. Glass Composites |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Building & Construction |
| 9.3.2. Transportation |
| 9.3.3. Aerospace & Defense |
| 9.3.4. Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Pultruded Panels Market - Opportunity Analysis Index, By Matrix Type, Reinforcement Type, End User, and Country, 2024 - 2030 |
| 9.6. North America Pultruded Panels Market Dynamics Trends |
| 10. Europe Pultruded Panels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Matrix Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Polyester Composites |
| 10.1.2. Vinyl Ester Composites |
| 10.1.3. Others |
| 10.2. Reinforcement Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Carbon Composites |
| 10.2.2. Glass Composites |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Building & Construction |
| 10.3.2. Transportation |
| 10.3.3. Aerospace & Defense |
| 10.3.4. Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe Pultruded Panels Market - Opportunity Analysis Index, By Matrix Type, Reinforcement Type, End User, and Country, 2024 - 2030 |
| 10.6. Europe Pultruded Panels Market Dynamics Trends |
| 11. Asia-Pacific Pultruded Panels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Matrix Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Polyester Composites |
| 11.1.2. Vinyl Ester Composites |
| 11.1.3. Others |
| 11.2. Reinforcement Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Carbon Composites |
| 11.2.2. Glass Composites |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Building & Construction |
| 11.3.2. Transportation |
| 11.3.3. Aerospace & Defense |
| 11.3.4. Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Pultruded Panels Market - Opportunity Analysis Index, By Matrix Type, Reinforcement Type, End User, and Country, 2024 - 2030 |
| 11.6. Asia-Pacific Pultruded Panels Market Dynamics Trends |
| 12. Latin America Pultruded Panels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Matrix Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Polyester Composites |
| 12.1.2. Vinyl Ester Composites |
| 12.1.3. Others |
| 12.2. Reinforcement Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Carbon Composites |
| 12.2.2. Glass Composites |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Building & Construction |
| 12.3.2. Transportation |
| 12.3.3. Aerospace & Defense |
| 12.3.4. Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Rest of Latin America |
| 12.5. Latin America Pultruded Panels Market - Opportunity Analysis Index, By Matrix Type, Reinforcement Type, End User, and Country, 2024 - 2030 |
| 12.6. Latin America Pultruded Panels Market Dynamics Trends |
| 13. Middle East and Africa Pultruded Panels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Matrix Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Polyester Composites |
| 13.1.2. Vinyl Ester Composites |
| 13.1.3. Others |
| 13.2. Reinforcement Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Carbon Composites |
| 13.2.2. Glass Composites |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Building & Construction |
| 13.3.2. Transportation |
| 13.3.3. Aerospace & Defense |
| 13.3.4. Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. South Africa |
| 13.4.3. Rest of MEA |
| 13.5. MEA Pultruded Panels Market - Opportunity Analysis Index, By Matrix Type, Reinforcement Type, End User, and Country, 2024 - 2030 |
| 13.6. MEA Pultruded Panels Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Strongwell Corporation |
| 14.2.2. Creative Pultrusion, Inc. |
| 14.2.3. Exel Composites Oyj |
| 14.2.4. Bedford Reinforced Plastics |
| 14.2.5. Rachling Group (Glastic Corporation) |
| 14.2.6. Fibergrate Composite Structures Inc. |
| 14.2.7. KREMPEL GmbH |
| 14.2.8. Fiber-Tech Industries, Inc. |
| 14.2.9. ISOVOLTA AG. |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.