Global High Temperature Composite Resin Market Is Expected to Reach USD 1,488.9 Million In 2026

-

The global high temperature composite resin market was valued at USD 734.4 million in 2018 and is expected to reach USD 1,488.9 million in 2026, growing at a CAGR of 9.2% during the forecast period.

High temperature composite resin is manufactured from thermosetting polymer materials. These materials offer outstanding mechanical strength and wear resistance up to 600°F / 315°C. It offers convenient, lightweight and durable solutions for automotive, defense and aerospace, electrical & electronics, building & construction, healthcare, and oil & gas industries. They are available in liquid, solid, solutions, blends, and multifunctional forms.
The growth of the high temperature composite resin market is primarily driven by increasing demand for lightweight polymer materials in end-use industries such as automotive and transportation, aerospace and defense, and electrical and electronics, efficient thermal performance of high temperature composite resins, and growing demand for high temperature thermoplastic resin.

Get Sample Copy of this report at: https://www.ozonemarketreports.com/sample-request/global-high-temperature-composite-resin-market-industry-outlook-2016-2026/154324

Moreover, increasing demand from developed regions to meet stringent regulations and increase in research and development activities to reduce the cost of high temperature composite resins are expected to create opportunities for the manufacturers in the global market over the forecast period.

However, stringent regulations regarding recycling, volatile prices of raw materials, and operating and processing issues are expected to hamper the growth of the global high temperature composite resin market in the coming years. The phenolic segment expected to dominate the market throughout the forecast period Based on resin type, the global high temperature composite resin market has been segmented into phenolic, epoxy, thermoplastic, polyimide, benzoxazine, cyanate ester, and others.

The phenolic composite resin segment accounted for approximately 24% of the share in the global high temperature composite resin market in 2018. While Polyimide accounted highest CAGR of around 11% in the global high temperature composite resin market during the forecast period. Polyimide is widely adopted for the various applications owing it can withstand continuous use up to 315°C (600°F) and intermittent use up to 480°C (900°F) and exhibit extremely high dimensional stability at elevated temperatures. These benefits are expected to enhance the demand and sales for Polyimide across the developed and developing countries in the global market.

Browse Full Report at: https://www.ozonemarketreports.com/materials-and-chemicals/global-high-temperature-composite-resin-market--industry-outlook-2016-2026/154324

Based on manufacturing process, the Layup segment is expected to grow at a CAGR of around 11.5% throughout the forecast period Based on the manufacturing process, the market has been segmented into Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, and others. The Layup manufacturing process segment accounts of the largest share in the market and are expected to grow at a CAGR of around 11.5% during the forecast period. The major factors that are driving the growth of this segment are the leading manufacturing process for high temperature composite resins in terms of value, owing to the developed aerospace & defense industry and recovery of the marine industry globally.

This process is mostly used for developing lightly loaded structural panels and simple enclosures owing to it provides an orientation of fibers that can be controlled as needed so that they can absorb maximum stresses to which they are subjected. Based on end-use industry, the aerospace & defense segment is expected to dominate during the forecast period Based on end-use industry, the market has been segmented into aerospace & defense, transportation, electrical & electronics, and others. The aerospace & defense segment accounts of the largest share in the market and held for more than 42% of the total market in 2018.

The major factors that are driving the growth of this segment are increased use of high temperature composite components in air craft parts such as missiles, satellite, and other structures, interiors, engine parts. 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. The manufacturers such as Huntsman International, Hexion, Hexcel Corporation, Royal TenCate, Sumitomo Bakelite, and Arkema are the mainly investing in the development of high-temperature composite resin for aerospace & defense application, which expected the lead the market in the coming years.

Avail a UPTO 40% Discount on Purchase at: https://www.ozonemarketreports.com/discount-request/global-high-temperature-composite-resin-market-industry-outlook-2016-2026/154324

North America to dominate the high temperature composite resin market throughout the forecast period North America accounted for nearly 37% share of the global high temperature composite resin market in 2018 and is expected to dominate the market throughout the forecast period. Stringent safety regulations in this region and presence of the largest aircraft manufacturers Boeing and Lockheed Martin are the major driving factor for the region in the global market. Europe is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in European countries to meet the demand for high temperature composite resin.

The Dassault Aviation, BAE Systems, and Airbus Group are some of the key OEMs, which are driving the demand for high-temperature composite resins in the European market.Company Profiles and Competitive Intelligence:The major players operating in the global high temperature composite resin market are UBE Industries, Ltd (Japan), Sumitomo Bakelite (Japan), DIC Corporation (Japan), Royal TenCate (Netherlands), Hexion (US), Huntsman International (US), Arkema (France), Lonza AG (Germany), Nexam Chemical Holding AB (Sweden), Hexcel Corporation (US) among others.

Contact Us:
Name: Steven Samuel
Email - info@ozonemarketreports.com
Phone - +91 9370882135
Website: https://www.ozonemarketreports.com/

Comments

Post a Comment

Popular posts from this blog

Global Ransomware Protection Market is growing at a CAGR of 16.58% from 2017 to 2025

-
The Global  Ransomware Protection  Market was valued at USD 8.35 billion in 2016 and is projected to reach USD 33.21 billion by 2025, growing at a CAGR of 16.58% from 2017 to 2025.  Ransomware  is a type of malicious software from crypto virology that threatens to publish the victim’s data or perpetually block access to it unless a ransom is paid. Ransomware protection system ensures several benefits for organizations that include – patch and vulnerability management, application control, privilege management, file and removable media protection, and remediation of running ransomware. Market Dynamics: 1. Market Drivers 1.1 Adoption of multi-layered security systems 1.2 Increasing adoption of threat intelligence among enterprises 1.3 Evolution of ransomware-as-a-service model 1.4 Rising phishing attacks and targeted security breaches 1.5 Increasing demand for data backup and recovery solutions 2. Market Restraints 2.1 Increasing ransom amount 2.2 Lack of technical...
Read more

Global Special Mission Aircraft Market is growing at a CAGR of 3.85% from 2017 to 2025

-
The Global Special Mission Aircraft Market was valued at USD 11.37 billion in 2016 and is projected to reach USD 15.98 billion by 2025, growing at a CAGR of 3.85% from 2017 to 2025.  Special Mission Aircraft are versatile aircraft that can be used by all three sectors of the armed forces for various operations. Special mission aircraft are equipped with surveillance equipment to detect the movement of enemy units but usually lack major offensive weapons. These aircraft have capabilities in areas such as maritime patrol as well as anti-submarine and airborne early warning and control. They can be used in both military and non-military missions. Market Dynamics: 1. Market Drivers 1.1 Development of EW counter measure system in aircrafts 1.2 Growing terrorism and insurgencies due to conflict 1.3 Rising investments by governments in defense sector 2. Market Restraints 2.1 Lack of expertise and trained pilots Request Sample Visit : https://www.ozonemarketreports.c...
Read more

Global Pipeline Safety Market is growing at a CAGR of 9.65% from 2017 to 2025

-
The Global  Pipeline Safety  Market was valued at USD 5.85 billion in 2016 and is projected to reach USD 13.40 billion by 2025, growing at a CAGR of 9.65% from 2017 to 2025.  Pipelines  are recognized as a safe and reliable means of transporting hazardous products over significant distances. Pipeline safety is defined as a range of general duties which are applicable to all pipelines, and additional duties for major accident hazard pipelines which transport products defined as dangerous fluids. Benefits of pipeline safety includes – reduced administration costs, reduced insurance and liability costs, reduced costs from injuries and illness, and improved level of compliance. Market Dynamics: 1. Market Drivers 1.1 Rising security regulations and standards 1.2 Increasing demand of oil and gas in developing economies 1.3 Increasing sustainable use of resources 1.4 Up gradation of refineries, drilling sites and exploration of new sites 2. Market Restraints 2.1 Budget ...
Read more