Current economic conditions for processors in Asia and Pacific Rim countries may generate the most growth for pultruded applications, said Sanjay Mazumdar, president and chief executive officer of consulting and market research firm E-Composites Inc. of Dallas.
Domestic pultruders can expect "a profit squeeze in the next six years due to competition from China," he said in a June 8 talk at the Global Pultrusion Technology Conference in Baltimore.
Domestic pultruders need to move past traditional business strategies and "look at finished end products as the keys to growth and profitability," he said. They need to increase value-added services to differentiate themselves from the competition.
Mazumdar valued global shipments of pultruded products for 2000 at about $947.8 million. He said that over the past five years, the market has grown roughly 13 percent in Asia, 9 percent in Europe and only 1 percent in North America.
After previously sourcing pultruded ladder rails from the U.S., retailer Home Depot Inc. is buying the product from China, he said. "China has taken the [largest] market share in ladder rails," Mazumdar noted.
E-Composites offers a 496-page global market outlook on 2006-11 growth opportunities in pultrusion. The report costs $5,400.