Polyurethane Composites Market Analysis

Global Polyurethane Composites Market Size, Share,
Development, Growth and Demand Forecast to 2023Share,
Development, Growth and Demand Forecast to 202
The global polyurethane composites market is growing in line with the increasing application of polyurethane
composites in several end-use industries, including electrical and electronics, building and construction,
transportation and wind power energy.
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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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