Global High Temperature Composite Resin Market Size By Product (Phenolic, Epoxy, Thermoplastic), By Application (Aerospace And Defense, Transportation, Electrical And Electronics), By Geographic Scope And Forecast
Report ID: 17877|No. of Pages: 202
Global High Temperature Composite Resin Market Size By Product (Phenolic, Epoxy, Thermoplastic), By Application (Aerospace And Defense, Transportation, Electrical And Electronics), By Geographic Scope And Forecast
High Temperature Composite Resin Market Size And Forecast
High Temperature Composite Resin Market size was valued at USD 0.96 Billion in 2024 and is projected to reach USD 2.4 Billion by 2031, growing at a CAGR of 10.70% from 2024 to 2031.
The Global High Temperature Composite Resin Market is expanding swiftly owing to the increasing demand for high-temperature composite resins in various end-use industries, such as electrical, aerospace, transportation, and defense globally. Moreover, the strict safety regulations governing vehicle transport are anticipated to further propel the expansion of the High Temperature Composite Resin Market worldwide. The Global High Temperature Composite Resin Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global High Temperature Composite Resin Market Definition
Resins utilized in composite applications that will resist excessive heat and temperature are considered high-temperature composite resins. High-temperature composite resins are made up of thermosetting polymer materials. They are typically utilized in applications such as adhesives and sealants. Some typically used high-temperature composite resins include bis maleimides, cyanate esters, polyamides, epoxy, and phenolic. High-temperature composite resin is employed in applications where the need is beyond the service temperature of typical epoxy materials.
The service temperature of these materials can range up to 427°C. These are high-temperature polymers that provide excellent thermal stability, superior mechanical properties, and high chemical resistance, which makes them ideal for the manufacturing of ducts, hot sections, and engines. Also, the high-temperature composite resin is used for making heat protection systems, rocket engine nozzles, titanium replacement in launch vehicles and aircraft, in power plants, as well as military-specific applications.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=17877
Global High Temperature Composite Resin Market Overview
The factors boosting the Global High Temperature Composite Resin Market are the increasing adoption of composites in the aerospace and automotive businesses coupled with a tremendous demand for high-temperature composites in developing countries. Also, the increasing manufacturing rates of high-temperature composite-rich F-35 aircraft and the excellent performance benefits of high-temperature resins are the essential factors driving the growth of the market globally. Moreover, the Global High Temperature Composite Resin Market is expanding swiftly owing to the increasing demand for high-temperature composite resins in various end-use industries, such as electrical, and aerospace, transportation, and defense globally. Furthermore, the strict safety regulations governing vehicle transport is anticipated to further propel the expansion of the High Temperature Composite Resin Market worldwide.
There are certain restrictions and barriers faced that will hinder the overall market growth. The factors such as the high cost of high-temperature composite resins and recycling-related issues are limiting the market growth. Also, handling and processing issues coupled with the need for continuous improvement in product offerings are estimated to sluggish growth during the forecast period. Further, ongoing global economic volatility and fluctuating commodity prices are the potential restraints hampering the overall growth of the Global High Temperature Composite Resin Market. Nevertheless, the advancements in technologies, the number of research programs in line to reduce the cost of high-temperature composite resins, growing advancements in the aerospace industry, and untapped potential in emerging markets offer favorable growth opportunities.
Global High Temperature Composite Resin Market: Segmentation Analysis
The Global High Temperature Composite Resin Market is Segmented on the basis of Product, Application, And Geography.
High Temperature Composite Resin Market, By Product
- Phenolic
- Epoxy
- Thermoplastic
- Polyimide
- Cyanate Ester
Based on Product, the market is bifurcated into Phenolic, Epoxy, Thermoplastic, Polyimide, and Cyanate Ester. The polyimide segment holds the largest market share during the forecast period. The factors that can be attributed to its extensive use in military aircraft for its ability to withstand temperatures up to 315°C and high dimensional stability at higher temperatures are accelerating the demand for this segment.
High Temperature Composite Resin Market, By Application
- Aerospace & Defense
- Transportation
- Electrical & Electronics
Based on Application, the market is bifurcated into Aerospace & Defense, Transportation, Electrical & Electronics. The aerospace & defense segment holds the largest market share during the forecast period. The factors that can be attributed to the growing demand for high-temperature composite resin for manufacturing various components, such as engine parts, interiors, and outer structures of aircraft, missiles, and satellites are fueling the demand for this segment.
High Temperature Composite Resin Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of regional analysis, the Global High Temperature Composite Resin Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America holds the largest market share due to growing demand from the aerospace & defense and transportation sector. The increasing use of high-temperature composite resins in fighter jets is rising significantly in the region owing to the high defense budget of the US, and ongoing projects will boost the market in the North American region.
Key Players
The “Global High Temperature Composite Resin Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as DIC Corporation, Huntsman International LLC, Royal Tencate N.V., Sumitomo Bakelite Co., Ltd., Arkema S.A., Lonza AG, Hexcel Corporation, Hexion Inc, Nexam Chemical Holding AB, and UBE Industries, Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaborations and Agreements
- On December 2017, Sumitomo Bakelite Ltd partnered with GRIP Metal (Canada) to build high-quality composites for aerospace and automotive applications. It is believed that the use of thermoset composite can add value and offer cost-effective solutions.
- On July 2018, Groupe Gazechim Composites and Hexcel Corporation collaborated to offer customized kitting services for high-level composite materials. The final products were provided for defense and aerospace applications.
Mergers and Acquisitions
- On March 2018, Hexcel made an alliance with Arkema (France) to develop thermoplastic solutions for the aerospace industry. The company aims to serve the aerospace & defense industry by focusing on developing thermoplastic carbon fiber-reinforced tapes.
- On March, 2020- Ube Industries, Ltd., announced to acquire Premium Composite Technology North America, Inc. (PCTNA). This acquisition enables UBE to establish a manufacturing unit in Japan, Thailand, and Spain along with offering auto parts to automakers.
Product Launches and Product Expansions
- On October 2019- Saudi Basic Industries Corp. (SABIC) launched a new Xenoy HTX high-heat resin for light-weighting Vehicles and Electronic Vehicles. SABIC claimed to expand its high-temperature resin offering for the automobile market with the new launch.
- On September 2020, Solvay, a Belgian chemical company claimed that its KetaSpire PEEK XT, which was introduced at the Germany K 2019 trade show, is the first-ever true high-temperature polyetheretherketone (PEEK) in the market. The company also claims that the material exhibits significantly higher stiffness & strength at elevated temperatures when they are compared to a standard polyetheretherketone, with nearly 50% higher tensile strength at 160°C and approximately 400% higher tensile modulus.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2021-2023 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | DIC Corporation, Huntsman International LLC, Royal Tencate N.V., Sumitomo Bakelite Co., Ltd., Arkema S.A., Lonza AG, Hexcel Corporation, Hexion Inc, Nexam Chemical Holding AB, and UBE Industries, Ltd. |
| Segments Covered |
|
| Customization scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Verified Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
1 INTRODUCTION OF GLOBAL HIGH TEMPERATURE COMPOSITE RESIN MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL HIGH TEMPERATURE COMPOSITE RESIN MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL HIGH TEMPERATURE COMPOSITE RESIN MARKET, BY PRODUCT
5.1 Overview
5.2 Thermoplastic
5.3 Polyimide
5.4 Phenolic
5.5 Epoxy
5.6 Cyanate Ester
6 GLOBAL HIGH TEMPERATURE COMPOSITE RESIN MARKET, BY APPLICATION
6.1 Overview
6.2 Aerospace & Defense
6.3 Transportation
6.4 Electrical & Electronics
7 GLOBAL HIGH TEMPERATURE COMPOSITE RESIN MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 Middle East & Africa
8 GLOBAL HIGH TEMPERATURE COMPOSITE RESIN MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 DIC Corporation
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Huntsman International LLC
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Royal Tencate N.V.
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Sumitomo Bakelite Co., Ltd.
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Arkema S.A.
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 Lonza AG
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
9.7 Hexcel Corporation
9.7.1 Overview
9.7.2 Financial Performance
9.7.3 Product Outlook
9.7.4 Key Developments
9.8 Hexion Inc
9.8.1 Overview
9.8.2 Financial Performance
9.8.3 Product Outlook
9.8.4 Key Developments
9.9 Nexam Chemical Holding AB
9.9.1 Overview
9.9.2 Financial Performance
9.9.3 Product Outlook
9.9.4 Key Developments
9.10 UBE Industries, Ltd
9.10.1 Overview
9.10.2 Financial Performance
9.10.3 Product Outlook
9.10.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
