According to a new market report published by Lucintel, the future of the high temperature composite resin market looks promising with opportunities in the aerospace & defense, pipe & tank and electrical & electronics application market. The global high temperature composite resin market is expected to reach an estimated $1.3 billion by 2027 with a CAGR of 7.9% from 2021 to 2027.
Browse 97 market data tables and 134 figures spread through 211 pages and in-depth TOC on “Global High Temperature Composite Resin Market"
The major driver for the high temperature composite resin market is increasing demand for thermally stable materials in different end use industries, which requires parts that are lightweight and offer high heat resistance.
In this market, epoxy, vinyl ester, phenolic, BMI, cyanate ester, and PEEK are the major resins of high temperature composite resin. Lucintel forecasts that epoxy resin in high temperature composite resin will remain the largest resin type over the forecast period due to its wide application area in aerospace & defense and pipe and tank. PEEK is expected to witness the highest growth over the forecast period.
Within the high temperature composite resin market, aerospace & defense will remain the largest application segment and is also expected to witness the highest growth over the forecast period due to its high mechanical properties such as reduced vehicle weight translates into better fuel economy lower emissions, and reduce weight by as much as 35% as compared to steel in many applications.
Asia Pacific is expected to remain the largest region over the forecast period due to increasing demand and adoption of composite materials in various commercial and military aircraft. Europe is expected to witness the highest growth over the forecast period.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of resin system with low volatile organic compound (VOC) and increasing focus on thermoplastic resins. Hexion, Huntsman, Victrex, Solvay, Tencate, Lonza, Polynt, Ashland, AOC Aliancys, and Swancor companies are some of the manufacturers of high temperature composite resins.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global high temperature composite resin market by end use, resin, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global High Temperature Composite Resin Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global high temperature composite resin market by end use, resin, and region as follows:
By End Use [Value ($B) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
•Aerospace & Defense
•Pipe & Tank
•Electrical & Electronics
•Others
By Resin Type [Value ($B) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
•Epoxy
•Vinyl Ester
•Phenolic
•Bismaleimide (BMI)
•Cyanate Ester
•Polyetheretherketone (PEEK)
•Other
By Region [Value ($B) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
•North America
•Asia Pacific
•The Rest of the World
This 211-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/high-temperature-composite-resin-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global high temperature composite resin market by end use (aerospace & defense, pipe & tank, electrical/electronics, and others), resin (epoxy, vinyl ester, phenolic, BMI, cyanate ester, PEEK, others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?