High Temperature Composite Resin - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global High-Temperature Composite Resin Market is accounted for $767.28 million in 2018 and is expected to reach $1,994.79 million by 2027 growing at a CAGR of 11.2% during the forecast period. Some of the key factors influencing the market growth include increasing demand for lightweight materials from transportation and aerospace & defense industries, excellent thermal performance of high-temperature composite resins and an increase in demand for high-temperature thermoplastic resin. However, the high cost of high-temperature composite resins is restricting market growth.
High-temperature composite resin improves the performance of composite parts and enhances parts ability to resist harsh environmental and extreme heat conditions. These are polymers that hold a high glass transition temperature without exhibiting a change in structural form. High-temperature composite resins are used to increase fume emissions, resistivity to smoke, and heat release. These resins are used in applications that require resistance to high temperatures such as bulkheads, ducting, and ceilings.
Amongst End User, Aerospace & defense is expected to have significant growth during the forecast period, owing to the growing demand for high-temperature composite resin for engine parts, interiors, and outer structures of aircraft, missiles, and satellites. The use of high-temperature composite resin in interior components of aircraft leads to the production of lightweight aircraft with improved engine efficiency, reduction in CO2 emissions, and superior performance.
By Geography, North America is estimated to have a lucrative growth during the forecast period, due to the increased demand from aerospace & defense and transportation industries. Stringent safety regulations in this region, especially in the US, have helped the high-temperature composite resin market to grow in the transportation and aerospace & defense application segment.
Some of the key players in the global High-Temperature Composite Resin market are BASF SE, Henkel AG & Co. KGaA, Mitsui Chemicals Inc., Sumitomo Bakelite Co., Ltd., Huntsman International LLC, Hexcel Corporation, E.I. Dupont De Nemours and Company, Royal Tencate N.V., Cytec Solvay Group, Lonza Group AG, UBE Industries, Ltd., Nexam Chemical Holding AB, Solvay S.A., Arkema S.A., Hexion Inc., Wacker Chemie AG, DIC Corporation, and Evonik Industries AG.
Manufacturing Processes Covered:
• Filament Winding
• Prepreg Layup
• Compression Molding
• Injection Molding
• Other Manufacturing Processes
• Ultra-High Molecular Weight Polyethylene Fibers (UHMWPE) /Carbon
• Carbon/Glass and Glass/Carbon
• High-Modulus Polypropylene (HMPP) /Carbon
• Other Fibers
Resin Types Covered:
• Cyanate Ester
• Vinyl Ester
• Poly Ether Ether Ketone (PEEK)
• Other Resin Types
End Users Covered:
• Automotive & Transportation
• Aerospace & Defense
• Electrical & Electronics
• Pipe & Tank
• Wind Energy
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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