The global pultrusion market is estimated at USD 1,619.5 million in 2015 and is projected to reach USD 2,045.2 million by 2020, at a CAGR of 4.8% from 2015 to 2020. The key strategies adopted by the major players include new product development, mergers & acquisitions, expansion, partnerships, agreements, and collaborations with other players in the pultrusion landscape to meet the demand of their end users.
Major players operating in the global pultrusion sensor market are Strongwell Corporation (U.S.), Exel Composites (Finland), Bedford Reinforced Plastics (U.S.), Jiangsu Jiuding New Material Co. (China), and JAMCO (Japan).
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Excel Composites (Finland) contributed the largest share to the global pultrusion market in 2014. The company has been focusing on agreements to maintain its leading position in the market. For instance, Exel Composites signed a co-operation agreement with BMW to manufacture carbon-fiber reinforced parts for passenger cars. This development will promote the use of pultruded carbon reinforced parts to manufacture automobiles. The company has witnessed a rapid growth over the past few decades. It had an employee count of over 430 people in 2014.
Strongwell Corporation (U.S.) is another major player operational in the global pultrusion market. The company has been focusing on agreements & partnerships. For instance, in April 2015, Strongwell Corporation (U.S.) signed an agreement with Fibratore S.A. (Columbia) to design and manufacture FRP components. This agreement aims to benefit both companies through expanded engineering, distribution and manufacturing capabilities in the Central and South American region where Fibratore operates.
This report provides a detailed analysis of the pultrusion market and segments the same on the basis of fiber types, resin types, application, and geography. Based on end-user application, the market has been segmented into industrial, housing, civil engineering, consumer and others. Based on geography, the market has been segmented into regions, such as North America, Europe, Asia-Pacific and rest of the World.
