DALLAS, Oct. 23, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the pultrusion market looks good with opportunities in the transportation, infrastructure, consumer goods, and construction industries. The global pultrusion market is expected to reach an estimated $3.0 billion by 2023 and it is forecast to grow at a CAGR of 4.1% from 2018 to 2023. The major growth drivers for this market are increasing demand for lightweight, corrosion resistant, and durable products for various end use industries.
Browse 197 market data tables and 254 figures spread through 365 pages and in-depth TOC on “Global Pultrusion Market" at https://www.lucintel.com/pultrusion-market.aspx
In this market, window profile, rebar, ladder rails, cable trays, electric insulators, decking, grating, road markers, sound barriers, sporting goods, tool handles, utility poles, structural shapes, transportation, antennas and others are used for pultrusion manufacturing for application. Lucintel forecasts that the demand for utility poles will experience the highest growth in the forecast period, supported by ongoing replacement of wooden poles and performance benefits of FRP poles over wood, steel, and other poles. Download Free PDF Brochure @ https://www.lucintel.com/pultrusion-market.aspx#/
Asia Pacific and ROW are expected to remain the largest regions by value and volume; they are also expected to experience the highest growth over the forecast period because of growth in chemical, consumer goods, and construction industry. The major drivers for growth are increasing urbanization, rapid industrialization, and growing awareness of pultruded products. Pre-Purchase Query click https://www.lucintel.com/pultrusion-market.aspx#/
Emerging trends, which have a direct impact on the dynamics of the pultrusion industry, include strategic collaboration of pultruded parts manufacturers with OEMs to serve unique needs and find new application areas. Strongwell Corporation, Exel Composites, Werner Ladder, Bedford, Creative Pultrusion, and polyone and others are among the major suppliers of pultrusion.
Lucintel, a leading global market research firm has analyzed growth opportunities in the global pultrusion market by application, property type, end use industry, & region and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Pultrusion Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com.