Allied Market Research

2024

High-temperature Composite Resin Market

High-temperature Composite Resin Market Size, Share, Competitive Landscape and Trend Analysis Report by Material (Epoxies, Polyurethanes, Polyurea, Polysulfides, Acrylics, Bismaleimides, Others), by Application (Paint and Coatings, Engines, Turbine Blades, Pipe Tanks, Adhesives Sealant, Flooring, Hypersonic Vehicles, Others) and by End Use Industry (Automotive, Aerospace Défense, Power Energy, Chemical, Electrical Electronic, Construction, Marine, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Eswara Prasad
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High-temperature Composite Resin Market Outlook 2030

High temperature composite resins are produced from thermosetting polymer ingredients. They are generally utilized in applications such as adhesives and sealants. Processes in a variety of sectors, including electrical and electronic, aerospace, and others, are carried out at extremely high temperatures. This necessitates the use of materials that can be used efficiently. High-temperature composite resins are the best choice in these situations. Polyamides, bismaleimides, cyanate esters, epoxy, and phenolic are some of the most often used high temperature composite resins. The rapidly growing aerospace and automotive industries are meeting the surge in need for high-temperature composite resin all over the world. In the face of extreme external conditions and high temperatures, high temperature composite resins function admirably. As a result, they are increasingly being used in composite components in vehicles and planes.

COVID-19 Impact analysis

  • Since the beginning of 2020, the global economy has been experiencing a recession as a result of the COVID-19 epidemic. The COVID-19 outbreak has had a significant impact on the production and distribution of high-temperature composite resins.
  • The pandemic has hampered the supply chain, particularly in terms of raw materials for high-temperature composite resin production. As a result of the pandemic, several manufacturing sectors have ceased operations, resulting in a decrease in market growth.

Top Impacting Factors

The need for sophisticated defense equipment, such as hypersonic missiles, fighter aircraft, unmanned aerial vehicles, and communication and spy satellites, is on an increase in due to rise in geopolitical tensions in the Middle East and the South China Sea. Fighter jet engines, external bodies, nozzles, air defense systems, blades & propellers, leading edges on hypersonic missiles, and fire-resistant material for submarine propulsion compartments all employ high-temperature composite resin. As a result, the need for high-temperature composite resin is projected to increase as the sale of defense equipment rises. High-temperature composite resins can withstand temperatures of up to 1600 degrees Fahrenheit. Companies choose polymer reinforced high-temperature resins over metal-reinforced resins because they perform better under fatigue and are lighter. Polyimide resin has good thermal-oxidative stability, which means it can withstand high-temperature combustion without breaking molecular bonds. It is a good choice for aero plane and vehicle interiors because of the resin's strong resistance to fire, smoke, and high temperatures. The market is experiencing growth because of excellent properties of high temperature composite resin. High temperature composite resin industry requires new products on a regular basis to fulfil the present and future strict standards. In the high-temperature composite resin industry, portfolio optimization is critical to maintain high competition and satisfy composite end customers. Furthermore, the cost of recycled composite material is higher than that of new composite material. As a result, the majority of composite materials end up in landfills. the difficulty of recycling thermoset composites is a stumbling barrier, impeding the expansion of the market.

Market Trends

  • Hexcel and Arkema (France) formed a strategic partnership to develop thermoplastic solutions for the aerospace sector. The firm specializes in creating thermoplastic carbon fiber-reinforced tapes for aerospace and defense applications.
  • GRIP Metal (Canada) and Sumitomo Bakelite Ltd., joined together to provide high-quality composites for aerospace and automotive applications. The use of thermoset composites may add value to a project while also providing cost-effective options.
  • TenCate has extended its Nottingham plant. This facility will allow the firm to expand its manufacturing capacity and provide new thermoset composite material solutions.
  • Saudi Basic Industries Corp. (SABIC) has introduced a new high-heat resin called Xenoy HTX for light-weighting vehicles and electronic vehicles. SABIC has increased its high-temperature resin offering for the automotive industry with this latest introduction. This is projected to boost the market growth for high-temperature composite resins.

Key Benefits of the Report

  • This study presents the analytical depiction of the high-temperature composite resin industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the High-temperature composite resin market share.
  • The current market is quantitatively analyzed to highlight the high-temperature composite resin market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed High-temperature composite resin market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the high-temperature composite resin report

  • Who are the leading market players active in the high-temperature composite resin market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
      • What is " high-temperature composite resin "?
      • what does " high-temperature composite resin " allow organizations to achieve?
      • which technologies combine to make " high-temperature composite resin " a critical organizational asset?
      • What is " high-temperature composite resin " Market prediction in the future?
      • Who are the leading global players in the " high-temperature composite resin " Market?
      • What are the current trends and predicted trends?
      • What are the challenges faced in the " high-temperature composite resin " Market?
      • What are the key benefits of the " high-temperature composite resin “Market report?
      • What are the driving factors and opportunities in the market?  

High-temperature Composite Resin Market Report Highlights

Aspects Details
High-temperature Composite Resin Market By Material
By Material
  • Epoxies
  • Polyurethanes
  • Polyurea
  • Polysulfides
  • Acrylics
  • Bismaleimides
  • Others
High-temperature Composite Resin Market By Application
By Application
  • Paint and Coatings
  • Engines
  • Turbine Blades
  • Pipe & Tanks
  • Adhesives & Sealant
  • Flooring
  • Hypersonic Vehicles
  • Others
High-temperature Composite Resin Market By End Use Industry
By End Use Industry
  • Automotive
  • Aerospace & Défense
  • Power & Energy
  • Chemical
  • Electrical & Electronic
  • Construction
  • Marine
  • Others
High-temperature Composite Resin Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

Arkema Group, Texas Research International, Inc., Sumitomo Bakelite Co., Ltd., Hexion Inc., Huntsman International LLC, Lonza Group Ltd, Nexam Chemical Holding AB, Hexcel Corp, DIC Corp., Saudi Basic Industries Corp.

Key Market Players

UBE Industries, Ltd, Others

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High-temperature Composite Resin Market

Global Opportunity Analysis and Industry Forecast, 2023-2032