Market Overview

Worldwide High Temperature Composite Resin Markets to 2023 -- Increasing Demand for High Temperature Composite Resins From the Aerospace & Defense End-Use Industry

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Dublin, July 12, 2018 (GLOBE NEWSWIRE) -- 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.

High temperature composite resin market projected to grow at a CAGR of 9.4% during forecast period

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 major factor driving the growth of the market is the increasing demand for high temperature composite resins from the aerospace & defense end-use industry due to emission regulations and thermal resistance properties of these resins. However, the high prices and difficult processability of high temperature composite resins may restrain the growth of the market.

Lay-up projected to be fastest-growing manufacturing process of high temperature composite resin market during forecast period

The lay-up molding process is the major composite manufacturing process consuming high temperature composite resins owing to the developed aerospace & defense industry and recovery of the marine industry at the global level. This process is applicable for designing simple enclosures and lightly loaded structural panels because it provides orientation of the fibers that can be controlled as needed so that they can absorb maximum stresses to which they are subjected.

North America expected to be the fastest-growing market for high temperature composite resin during forecast period

The North American region is expected to be the fastest-growing high temperature composite resin market globally between 2018 and 2023 due to the increased demand from aerospace & defense and transportation industries. Stringent safety regulations in this region, especially in the US., have helped the high temperature composite resin market to grow in the transportation and aerospace & defense application segment. The demand for high temperature composite resin in aerospace & defense is also high owing to the presence of the largest aircraft manufacturers Boeing and Lockheed Martin in the country. The use of high temperature composite resins in fighter jets is rising significantly in the region owing to the high defense budget of the US.

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/77c8r8/worldwide_high?w=12



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