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Global High Temperature Composite Resin Market

Author: Aparna Deshmukh
by Aparna Deshmukh
Posted: Apr 19, 2019

Global High Temperature Composite Resin Market

was valued US$ 752.80 Mn in 2017 and is expected to reach US$ 1553.67 Mn by 2026, at a CAGR of 9.48 % during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding High Temperature Composite Resin market dynamics, structure by identifying and analyzing the market segments by End User, Resin Types, Manufacturing Process, and Region and, project the global market size. Further, report also focus on competitive analysis of key players by Resin Types, price, financial position, Resin Types portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to particular market segment. High temperature resins are refer as thermosetting polymer materials, used in sealants, adhesives, and composite resins for applications that involve exposure to high temperatures. High temperature resins are extensively used across numerous industries, such as aerospace, electrical and electronics, etc. In the aerospace industry, they are generally used for rocket motor castings, missiles, and spacecraft as well as in gaskets, adhesives, and sealants. This can be attributed to their several properties, such as high adhesion, impact resistance, radiation resistance, chemical resistance, flexibility, etc. High temperature resins can work in risky temperature environments ranging between 232°C and 427°C. The major driving factors of the market are excellent thermal performance of high temperature composite resins, and increase in demand for high temperature thermoplastic resin. High cost of high temperature composite resins and handling and processing issues are the major restraining factor which hinder the growth of the market. Manufacturers are focusing on the growth of advanced high performance resin components, user-friendly materials, recyclable material forms, and processing operations that allow the displacement of conventional epoxy. Based on resin type, Bismaleimide resin is expected to remain the most dominant high-temperature resin type in terms of volume over the forecasted period. It is mostly used in military aircraft engines as well as airframe applications, nacelles of business jet engines, tooling prepreg, and hot-air ducts. Nevertheless, polyimide resin is also likely to remain the largest resin type in terms of value during the forecast period. Based on manufacturing process, layup is likely to remain the most dominant process for manufacturing composite parts made using high-temperature resins. It is the most preferred process for manufacturing of critical parts in the aerospace & defense industry, where high-temperature resin systems are used. Prepreg layup offers numerous advantages, such as consistent material properties, high fiber volume, flexibility in fiber orientation, low-void content, and easy to operate on complicated shapes. In terms of End User industry, Aerospace & defense is accounts the largest share of the end-use industry segment of the high temperature composite resin market in 2017. The high demand for lightweight and thermal resistant parts has given an edge to high temperature composite resins due to its better properties and reduced curing time. The improved use of high temperature composite components in interiors, missiles, engine parts, and outer structures of aircraft and satellites is driving the growth of the high temperature composite resin market.

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Author: Aparna Deshmukh

Aparna Deshmukh

Member since: Apr 15, 2019
Published articles: 3

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