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Exactitude Consultancy Latest Published Polyurethane Composites Market by Fiber Type(Glass Fiber Polyurethane Composites, Carbon Fiber Polyurethane Composites, Others), Manufacturing Process (Lay-up, Pultrusion, Resin Transfer Molding, Injection Molding, Filament Winding, Compression Molding, Others), End-User (Transportation, Building & Construction, Electrical & Electronics, Wind Power Energy, Petrochemical, Sports & Leisure, Aerospace & Defense, Others), and Region (North America, Europe, Asia Pacific, South America, Middle East, and Africa), Global trends and forecast from 2022 to 2029
The global Polyurethane Composites Market will witness a CAGR of 5.7% for the forecast period of 2022-2029. It is expected to reach above USD 872.87 Million by 2029 from USD 530 Million in 2020.
Polyurethane composites are elastomers and tight and flexible foams made from flexible polyurethane components. Polyurethane composites are tough, flexible, and durable thermoset resins that may be employed by a variety of end-user verticals. Polyester and vinyl ester are inferior alternatives to polyurethane composites. As polyurethane composites are recyclable, they are environmentally favorable. Polyurethane composites are also considerably faster and easier to use than polyester spray-ups, as polyester spray-ups involve rolling out the glass to release air. The costs of tools and labor are also reduced. All of these benefits will contribute to the global polyurethane composites market’s expansion.
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