Global High Temperature Composite Resin Market, By Resin Type (Phenolic, Epoxy, Thermoplastic, Polyimide, Benzoxazine, Cyanate Ester), Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding), End-Use Industry (Aerospace & Defense, Transportation, Electrical & Electronics), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025.
Market Analysis: Global High Temperature Composite Resin Market
The Global High Temperature Composite Resin Market is expected to reach USD 1415.9 million by 2025, from USD 685.1 million in 2017 growing at a CAGR of 9.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global High Temperature Composite Resin Market
Resins that can withstand extreme heat and temperature environments are considered as high temperature composite resin. They have a long history with usage in military and commercial aircraft engines. Layup was the largest manufacturing company for high temperature composite resins. It is used to develop aerospace & defense industry products and recovery of the marine industry globally. With to its improved properties and reduced curing time, the demand is increasing day by day for lightweight and thermal resistant parts.
Moreover, the market will be propelled by superior thermal performance presented by high temperature composite resins. They have linear polymer structures to survive heat when open to high temperatures. The resins have some favourable characteristics such as high adhesion, and flexibility, radiation, impact and chemical resistance. Also, these high composite resins are unaffected to smoke heat and fume emission.
- Increasing demand for lightweight materials from transportation and aerospace industry
- Good performance of thermal high temperature composite resins
- Issues related to recycling of material
- Very high cost of high temperature composite resins
Segmentation: Global High Temperature Composite Resin Market
By Resin Type
- Cyanate Ester
- Others (BMI and Phthalonitriles)
By Manufacturing Process
- Filament Winding
- Injection Molding
- Compression Molding
- Other Processes
By End Use Industry
- Aerospace & Defense
- Aircraft Components
- Space & Defense Components
- Electrical & Electronics
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of south America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Analysis: Global High Temperature Composite Resin Market
The global high temperature composite resin market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of high temperature composite resin market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. For instance, in July 2018 Hexcel Corporation and Groupe Gazechim Composites together made an agreement to provide customized kitting services for advanced composite materials that are sold to aerospace and defense customers
Key Market Competitors: Global High Temperature Composite Resin Market
The key players operating in the global high temperature composite resin market are –
- Huntsman International LLC
- Hexcel Corporation
- Sumitomo Bakelite Co., Ltd.
- Royal Tencate N.V.
- Hexion Inc.
The other players in the market are DIC Corporation (Japan), Arkema S.A. (France), Lonza Group (Switzerland), Nexam Chemical Holding AB (Sweden), UBE Industries, Ltd. (Japan), Renegade Materials Corporation (U.S.), Maverick Corporation (U.S.), Raptor Resins Inc. (U.S.), Performance Polymer Solutions Inc. (U.S.), Barrday Corporation (Canada), Hybrid Plastics Inc. (U.S.), De-Comp Composites, Inc. (U.S.), Shikoku Chemicals Corporation (Japan), Celanese Corporation (U.S.), Sabic (Saudi Arabia) and many more.
Research Methodology: Global High Temperature Composite Resin Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the global high temperature composite resin market
- Analyze and forecast high temperature composite resin market on the basis of resin type, manufacturing process and end-use industry
- Trends of key regional and country-level markets for resin type, manufacturing process and end-use industry
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis