Global High-Temperature Composite Resin Market is expected to reach $1,994.79 million by 2027 growing at a CAGR of 11.2% during 2018 to 2027.
Dec 2, 2019
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, and Evonik Industries AG.
Gaithersburg, Maryland, United States - December 2, 2019 /MarketersMedia/ —
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.
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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.
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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.
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Manufacturing Processes Covered:
• Filament Winding
• Pultrusion
• Prepreg Layup
• Compression Molding
• Injection Molding
• Other Manufacturing Processes
Fibers Covered:
• Ultra-High Molecular Weight Polyethylene Fibers (UHMWPE) /Carbon
• Carbon/Glass and Glass/Carbon
• Aramid/Carbon
• High-Modulus Polypropylene (HMPP) /Carbon
• Other Fibers
Resin Types Covered:
• Phenolic
• Polyimide
• Benzoxazine
• Epoxy
• Cyanate Ester
• Thermoplastic
• Vinyl Ester
• Poly Ether Ether Ketone (PEEK)
• Other Resin Types
End Users Covered:
• Automotive & Transportation
• Aerospace & Defense
• Electrical & Electronics
• Pipe & Tank
• Wind Energy
• Marine
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
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Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/
Source: MarketersMedia
Release ID: 88936817
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