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Polyurethane Composites Market by Sub segments, Industry Demands & Trends, Market Insight By 2023
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The polyurethane composites market has been segmented by fiber type, manufacturing process, end use industry and region. On the basis of fiber type, the market has been segmented into glass fiber polyurethane composites and carbon-fiber polyurethane composites.
Based on the fiber type segment, the higher growth of the glass fiber polyurethane composites segment could be accredited to the properties such as strength, flexibility, durability, stability, light weight and resistance to heat, temperature, and moisture of glass fiber polyurethane composites.
On the basis of manufacturing process, lay up is expected to witness highest growth in the global polyurethane composites market because of the low cost and ease of processing, which makes lay-up manufacturing process one of the important processes for polyurethane composites.
Geographically, the polyurethane composites market has been segmented into North America, Europe, Asia-Pacific and Rest of the world. Asia-Pacific has been the largest market for polyurethane composites.
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The key market players operating in the global polyurethane composites market are BASF SE, Bayer AG, Hexcel Corporation, Huntsman Corporation, SGL Group, Toray Industries, Inc., The Dow Chemical Company, Wanhua Chemical Group Co., Ltd., Sekisui Chemical Co., Ltd., Owens Corning, and SGL Group, among others, all of which have adopted various strategies to increase their market shares.
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