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.
High Temperature Composite Resin Market Segmentation Scope |
|
| By Resin Type | 1. Phenolic |
| 2. Epoxy | |
| 3. Thermoplastic | |
| 4. Polyimide | |
| 5. Benzoxazine | |
| 6. Rice Milk | |
| 7. Cyanate Ester | |
| 8. Others | |
| By Manufacturing Process | 1. Layup |
| 2. Filament Winding | |
| 3. Injection Molding | |
| 4. Pultrusion | |
| 5. Compression Molding | |
| 6. Others | |
| By End-Use Industry | 1. Aerospace & Defense |
| 2. Transportation | |
| 3. Electrical & Electronics | |
| 4. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
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. 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.
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.
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.
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global High Temperature Composite Resin Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global High Temperature Composite Resin Market
1.3. Market Dynamics
1.4. Global High Temperature Composite Resin Market, by Segment, 2018
1.4.1. Global High Temperature Composite Resin Market, by Resin Type, 2018, (USD Million)
1.4.2. Global High Temperature Composite Resin Market, by Manufacturing Process, 2018, (USD Million)
1.4.3. Global High Temperature Composite Resin Market, by End-Use Industry, 2018, (USD Million)
1.4.4. Global High Temperature Composite Resin Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. High Temperature Composite Resin Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global High Temperature Composite Resin Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increasing Demand for Lightweight Materials From End User Industries
2.2.2. Increase in Demand for High Temperature Thermoplastic Resin
2.3. Market Restraints
2.3.1. High Cost of High Temperature Composite Resins
2.3.2. Recycling-Related Issues
2.4. Market Opportunities
2.4.1. Increasing Demand From Developed Regions to Meet Stringent Regulations
2.4.2. Number of Research Programs in Line to Reduce the Cost of High Temperature Composite Resins
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global High Temperature Composite Resin Market, by Resin Type
3.1. Market Overview, by Resin Type
3.1.1. Global High Temperature Composite Resin Market, by Resin Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Resin Type, 2018
3.2. Phenolic
3.2.1. Global High Temperature Composite Resin Market, by Phenolic, 2016-2026, (USD Million)
3.3. Epoxy
3.3.1. Global High Temperature Composite Resin Market, by Epoxy, 2016-2026, (USD Million)
3.4. Thermoplastic
3.4.1. Global High Temperature Composite Resin Market, by Thermoplastic, 2016-2026, (USD Million)
3.5. Polyimide
3.5.1. Global High Temperature Composite Resin Market, by Polyimide, 2016-2026, (USD Million)
3.6. Benzoxazine
3.6.1. Global High Temperature Composite Resin Market, by Benzoxazine, 2016-2026, (USD Million)
3.7. Cyanate Ester
3.7.1. Global High Temperature Composite Resin Market, by Cyanate Ester, 2016-2026, (USD Million)
3.8. Others
3.8.1. Global High Temperature Composite Resin Market, by Others, 2016-2026, (USD Million)
Chapter 4 Global High Temperature Composite Resin Market, by Manufacturing Process
4.1. Market Overview, by Manufacturing Process
4.1.1. Global High Temperature Composite Resin Market, by Manufacturing Process, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by Manufacturing Process, 2018
4.2. Layup
4.2.1. Global High Temperature Composite Resin Market, by Layup, 2016-2026, (USD Million)
4.3. Filament Winding
4.3.1. Global High Temperature Composite Resin Market, by Filament Winding, 2016-2026, (USD Million)
4.4. Injection Molding
4.4.1. Global High Temperature Composite Resin Market, by Injection Molding, 2016-2026, (USD Million)
4.5. Pultrusion
4.5.1. Global High Temperature Composite Resin Market, by Pultrusion, 2016-2026, (USD Million)
4.6. Compression Molding
4.6.1. Global High Temperature Composite Resin Market, by Compression Molding, 2016-2026, (USD Million)
4.7. Other Processes
4.7.1. Global High Temperature Composite Resin Market, by Other Processes, 2016-2026, (USD Million)
Chapter 5 Global High Temperature Composite Resin Market, by End-Use Industry
5.1. Market Overview, by End-Use Industry
5.1.1. Global High Temperature Composite Resin Market, by End-Use Industry, 2016-2026 (USD Million)
5.1.2. Incremental Opportunity, by End-Use Industry, 2018
5.2. Aerospace & Defense
5.2.1. Global High Temperature Composite Resin Market, by Aerospace & Defense, 2016-2026, (USD Million)
5.3. Transportation
5.3.1. Global High Temperature Composite Resin Market, by Transportation, 2016-2026, (USD Million)
5.4. Electrical & Electronics
5.4.1. Global High Temperature Composite Resin Market, by Electrical & Electronics, 2016-2026, (USD Million)
5.5. Others
5.5.1. Global High Temperature Composite Resin Market, by Others, 2016-2026, (USD Million)
Chapter 6 Global High Temperature Composite Resin Market, by Region
6.1. Market Overview, by Region
6.1.1. Global High Temperature Composite Resin Market, by Region, 2016-2026, (USD Million)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America High Temperature Composite Resin Market
6.3.1. North America High Temperature Composite Resin Market, by Country, 2016-2026 (USD Million)
6.3.2. United States High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.3.3. Canada High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.4. Europe High Temperature Composite Resin Market
6.4.1. Europe High Temperature Composite Resin Market, by Country, 2016-2026 (USD Million)
6.4.2. United Kingdom High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.4.3. Germany High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.4.4. France High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.4.5. Rest of Europe High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.5. Asia Pacific High Temperature Composite Resin Market
6.5.1. Asia Pacific High Temperature Composite Resin Market, by Country, 2016-2026 (USD Million)
6.5.2. China High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.5.3. Japan High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.5.4. India High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.5.5. Rest of Asia Pacific High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.6. Latin America High Temperature Composite Resin Market
6.6.1. Latin America High Temperature Composite Resin Market, by Country, 2016-2026 (USD Million)
6.6.2. Brazil High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.6.3. Mexico High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.6.4. Rest of Latin America High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.7. Middle East & Africa High Temperature Composite Resin Market
6.7.1. Middle East & Africa High Temperature Composite Resin Market, by Country, 2016-2026 (USD Million)
6.7.2. GCC High Temperature Composite Resin Market, 2016-2026 (USD Million)
6.7.3. Rest of Middle East & Africa High Temperature Composite Resin Market, 2016-2026 (USD Million)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Resin Type
7.3.2. By Manufacturing Process
7.3.3. By End-Use Industry
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Resin Type Developments
Chapter 8 Company Profiles
8.1. Hexcel Corporation
8.1.1. Hexcel Corporation Overview
8.1.2. Hexcel Corporation Resin Types Portfolio
8.1.3. Hexcel Corporation Financial Overview
8.1.4. Hexcel Corporation News/Recent Developments
8.2. Huntsman International LLC
8.2.1. Huntsman International LLC Overview
8.2.2. Huntsman International LLC Resin Types Portfolio
8.2.3. Huntsman International LLC Financial Overview
8.2.4. Huntsman International LLC News/Recent Developments
8.3. Sumitomo Bakelite Co., Ltd
8.3.1. Sumitomo Bakelite Co., Ltd Overview
8.3.2. Sumitomo Bakelite Co., Ltd Resin Types Portfolio
8.3.3. Sumitomo Bakelite Co., Ltd Financial Overview
8.3.4. Sumitomo Bakelite Co., Ltd News/Recent Developments
8.4. Royal Tencate N.V.
8.4.1. Royal Tencate N.V. Overview
8.4.2. Royal Tencate N.V. Resin Types Portfolio
8.4.3. Royal Tencate N.V. Financial Overview
8.4.4. Royal Tencate N.V. News/Recent Developments
8.5. Hexion Inc.
8.5.1. Hexion Inc. Overview
8.5.2. Hexion Inc. Resin Types Portfolio
8.5.3. Hexion Inc. Financial Overview
8.5.4. Hexion Inc. News/Recent Developments
8.6. DIC Corporation
8.6.1. DIC Corporation Overview
8.6.2. DIC Corporation Resin Types Portfolio
8.6.3. DIC Corporation Financial Overview
8.6.4. DIC Corporation News/Recent Developments
8.7. Arkema S.A.
8.7.1. Arkema S.A. Overview
8.7.2. Arkema S.A. Resin Types Portfolio
8.7.3. Arkema S.A. Financial Overview
8.7.4. Arkema S.A. News/Recent Developments
8.8. Lonza AG
8.8.1. Lonza AG Overview
8.8.2. Lonza AG Resin Types Portfolio
8.8.3. Lonza AG Financial Overview
8.8.4. Lonza AG News/Recent Developments
8.9. Nexam Chemical Holding AB
8.9.1. Nexam Chemical Holding AB Overview
8.9.2. Nexam Chemical Holding AB Resin Types Portfolio
8.9.3. Nexam Chemical Holding AB Financial Overview
8.9.4. Nexam Chemical Holding AB News/Recent Developments
8.10. UBE Industries, Ltd
8.10.1. UBE Industries, Ltd Overview
8.10.2. UBE Industries, Ltd Resin Types Portfolio
8.10.3. UBE Industries, Ltd Financial Overview
8.10.4. UBE Industries, Ltd News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. Phase I – Secondary Research
9.2.2. Phase II – Primary Research
9.2.3. Phase III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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