High-Temperature Composite Resin Market Size 2021 Research Reports, Industry Share, In-Depth Qualitative Insights, Growth Opportunity, Regional Analysis And Forecast To 2027
Market Segmentation
The global
high-temperature composite resin market has been segmented by type,
manufacturing process, end-use industry, and region. Based on type, the market
has been divided into bismaleimides, polyimides, cyanate resins, phenolic,
epoxy, benzoxazine, thermoplastic, and others. The bismaleimides type segment
accounted for the largest market share in 2017 and is expected to grow at a
significant rate during the review period. This market growth can be attributed
to increasing use of bismaleimides in the aerospace industry on account of high
thermal and oxidative stability and good electrical and mechanical properties.
On the basis of
manufacturing process, the High-Temperature
Composite Resin Market has been segmented into layup, injection molding,
compression molding, pultrusion, filament winding, resin transfer molding, and
others. The layup manufacturing process is the most widely used due to its
cost-effectiveness.
By end-use industry, the market has been segregated into
aerospace and defense, automotive and transportation, electrical and
electronics, and others. The aerospace and defense segment accounted for the
largest market share in 2017 on account of the increasing use of
high-temperature composite resins in engines, ducts, stators, and heat shields,
among others.
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Regional Analysis
Based on region, the high-temperature composite resin market has
been segmented into North America, Europe, Asia-Pacific, Latin America, and the
Middle East & Africa.
The market in North America accounted for the largest share of
the high-temperature composite resin market in 2017 and is expected to continue
its dominance in the coming years on account of increasing investments in the
defense sector.
The market in
Asia-Pacific is expected to grow at a considerable rare during the review
period owing to the expanding end-use industries such as aerospace and defense
and automotive and transportation in India, China, and South-East Asia.
The growing aerospace and defense industry with the increasing
production of aircraft is likely to drive the growth of the European
high-temperature composite resins market in the coming years.
The markets in Latin America and the Middle East & Africa
are likely to register moderate growth during the review period as a result of
the growing automotive industry with the increasing demand for passenger
vehicles.
Competitive Analysis
Some of the key players
in the global high temperature composite resins market are Huntsman
International LLC (US), Lonza (Switzerland), Hexcel Corporation (US), Evonik
Industries AG (Germany), Koninklijke Ten Cate BV (Netherlands), Hexlon (US),
DIC Corporation (Japan), Arkema (France), Sumitomo Bakelite Co., Ltd (Japan),
UBE Industries, Ltd (Japan), and Celanese Corporation (US).
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