High Temperature Composite Resin Market by Resin Type, Manufacturing Process, End-use Industry, and Region - Global Forecast to 2023
DUBLIN, July 10, 2018 /PRNewswire/ --
The "High Temperature Composite Resin Market by Resin Type, Manufacturing Process, End-use Industry, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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The high temperature composite resin market is estimated at USD 753.5 million in 2018 and is projected to reach USD 1,180.8 million by 2023, at a CAGR of 9.4% during the forecast period.
The growth of the market can be attributed to the high demand for high temperature composite resins from the aerospace & defense, transportation, electrical & electronics, oil & gas, building & construction, and medical industries. The market has witnessed significant growth over the last few years due to the increased demand for high temperature composite resins for high thermal resistant and lightweight aircraft and automotive parts.
The high temperature composite resin market is segmented on the basis of resin type, manufacturing process, end-use industry, and region. Based on resin type, the market is segmented into lay-up, filament winding, injection molding, pultrusion, compression molding, others. Lay-up is projected to be the largest and fastest-growing segment of the market during the forecast period, owing to its large-scale applications in aerospace & defense and marine industries. Compression molding is estimated to be the second-largest manufacturing process type in the high temperature composite resin market owing to its increasing applications in aerospace & defense and automotive industries.
Based on end-use industry, the high temperature composite resin market is segmented into aerospace & defense, transportation, electrical & electronics, and others. Aerospace & defense is estimated to be the largest segment of the high temperature composite resin market in 2018, owing to the growing demand for high temperature composite resin for engine parts, interiors, and outer structures of aircraft, missiles, and satellites. The transportation industry is the second-largest consumer of high temperature composite resins. The penetration of high temperature composite resins is increasing rapidly in the transportation industry.
The North American region is projected to register the highest CAGR in the high temperature composite resin market, in terms of value between 2018 and 2023. This growth is driven by stringent safety regulations and demand for high thermal resistant materials in this region, especially in the US, for transportation and aerospace & defense industries. This is expected to drive the growth of the high temperature composite resin market in the region.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the High Temperature Composite Resin Market
4.2 High Temperature Composite Resin Market, By Resin Type
4.3 High Temperature Composite Resin Market, By Manufacturing Process
4.4 High Temperature Composite Resin Market, By End-Use Industry and Region
4.5 High Temperature Composite Resin Market, By Country
4.6 High Temperature Composite Resin Market Size, By End-Use Industry
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Excellent Thermal Performance of High Temperature Composite Resins
5.2.1.2 Increasing Demand for Lightweight Materials From Transportation and Aerospace & Defense Industries
5.2.1.3 Increase in Demand for High Temperature Thermoplastic Resin
5.2.2 Restraints
5.2.2.1 High Cost of High Temperature Composite Resins
5.2.2.2 Recycling-Related Issues
5.2.2.3 Handling and Processing Issues
5.2.3 Opportunities
5.2.3.1 Increasing Demand From Europe and North America to Meet Stringent Regulations
5.2.3.2 Number of Research Programs in Line to Reduce the Cost of High Temperature Composite Resins
5.2.4 Challenges
5.2.4.1 Need for Continuous Improvement in Product Offering
5.2.4.2 Ongoing Global Economic Volatility and Fluctuating Commodity Prices
5.3 Porter's Five Forces Analysis
5.3.1 Threat of Substitutes
5.3.2 Bargaining Power of Suppliers
5.3.3 Bargaining Power of Buyers
5.3.4 Threat of New Entrants
5.3.5 Intensity of Competitive Rivalry
6 High Temperature Composite Resin Market, By Resin Type
6.1 Introduction
6.2 Phenolic
6.3 Epoxy
6.4 Thermoplastic
6.5 Polyimide
6.6 Benzoxazine
6.7 Cyanate Ester
6.8 Others (BMI and Phthalonitriles)
7 High Temperature Composite Resin Market, By Manufacturing Process
7.1 Introduction
7.1.1 Layup
7.1.2 Filament Winding
7.1.3 Injection Molding
7.1.4 Pultrusion
7.1.5 Compression Molding
7.1.6 Other Processes
8 High Temperature Composite Resin Market, By End-Use Industry
8.1 Introduction
8.2 Aerospace & Defense
8.2.1 Aircraft Components
8.2.2 Space & Defense Components
8.3 Transportation
8.4 Electrical & Electronics
8.5 Others
9 High Temperature Composite Resin Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 Spain
9.3.4 UK
9.3.5 Italy
9.3.6 Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 India
9.4.5 Malaysia
9.4.6 Rest of APAC
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Rest of Latin America
9.6 MEA
9.6.1 Israel
9.6.2 South Africa
9.6.3 Rest of MEA
10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking
10.2.1 Huntsman Corporation
10.2.2 Hexcel Corporation
10.2.3 Royal Tencate N.V.
10.3 Recent Development
10.3.1 New Product Launch
10.3.2 Expansion
10.3.3 Acquisition
10.3.4 Agreements, Partnerships, & Collaboration
11 Company Profiles
11.1 Huntsman International LLC
11.2 Hexcel Corporation
11.3 Sumitomo Bakelite Co., Ltd.
11.4 Royal Tencate N.V.
11.5 Hexion Inc.
11.6 DIC Corporation
11.7 Arkema S.A.
11.8 Lonza AG
11.9 Nexam Chemical Holding AB
11.10 UBE Industries, Ltd.
11.11 Other Companies
11.11.1 Renegade Materials Corporation
11.11.2 Maverick Corporation
11.11.3 Raptor Resins Inc.
11.11.4 Performance Polymer Solutions Inc.
11.11.5 Barrday Corporation
11.11.6 Hybrid Plastics Inc.
11.11.7 De-Comp Composites, Inc.
11.11.8 Shikoku Chemicals Corporation
11.11.9 Celanese Corporation
11.11.10 Sabic
For more information about this report visit https://www.researchandmarkets.com/research/cb35t4/high_temperature?w=5
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