Polyurethane Composites Market Share

APAC Market Statistics

Asia Pacific industry is likely to hold largest revenue share of 41% by 2037, The growth of the market can be attributed majorly to the increasing infrastructure sector in the region. For instance, the growing construction projects in different sectors, such as social infrastructure, and transportation infrastructure, are also anticipated to boost market growth during the forecast period. Further, in applications for civil infrastructure and construction materials, composite materials are being employed more and more. For temporary housing applications, composite structural insulation panels are designed and produced utilizing vacuum-aided resin transfer molding and low-density polyurethane foam. Owing to the advantages of inherent design flexibility, using these types of composite panels in building construction will result in affordable, high-performance products. The use of core-filled composite structures has significant advantages over traditional panels, including stronger buckling resistance, higher strength, stiffness, and reduced structural weight. In addition, applications for glass fiber-reinforced polymer composites in infrastructure seem promising which in turn will contribute to the market growth in the region. In the coming ten years, the Asia Pacific infrastructure industry is anticipated to rise by more than 5% annually.

North American Market Forecast

The North American polyurethane composites market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market can be attributed majorly to the increased use of polyurethane composites in the aerospace sector. For instance, manufacturers of aerospace products are implementing a common technique termed "lightweight" to lower the cost of fuel and increase fuel efficiency. Owing to their great strength, honeycomb panels constructed of composites and paper mixes are frequently a preferred option for lightweighting. Further, metal and plastic ornamental objects in airplane cabins are frequently replaced with polyurethane foam, all these factors are anticipated to contribute to the increase in demand for polyurethane composites in the region.

Europe Market Forecast

Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the growing production of vehicles. The production of large internal body parts of vehicles will drive the demand for polyurethane composites in the region. For instance, Germany uses thermoplastic composites as a protective coating in vehicles, which is also anticipated to contribute to the market growth in the region.