Market Insights:
The high-temperature composite
resin market has been segmented, by region, into North America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa.
The market in North America
accounted for the majority share of the global high-temperature composite resin
market in 2017; the regional market is likely to witness significant growth
during the review period. This can be attributed to the expanding aerospace and
defense industry in the US with increased spending on defense equipment. In
2017, the value of the defense equipment sold in the US amounted to around USD
38 billion. Additionally, increasing production of aircraft on account of the
growing demand in nations such as China, India, France, and the UK is likely to
drive the growth of the high-temperature composite resin market. The US
aerospace and defense industry accounted for 34% of the global aerospace and
defense industry’s exports in 2017 which amounted to around USD 143 billion.
The European market is a
prominent market for global high-temperature composite resins and is expected
to grow at a significant rate during the review period on account of the
expanding aerospace industry mainly in France and the UK.
The market in Asia-Pacific is
expected to be the fastest-growing market for global high-temperature composite
resins in the coming years due to the rapidly growing aerospace and defense industry.
Increasing aircraft production in developing nations owing to major aircraft
OEMs such as Airbus and Bombardier shifting their manufacturing bases to the
region is likely to propel market growth in Asia-Pacific.
The markets in Latin America and the
Middle East & Africa are expected to grow as a result of the growing
aviation industry in Mexico and the expanding automotive industry in the Middle
East & Africa.
Worldwide Key Players:
Ø Huntsman International LLC
Ø Koninklijke Ten Cate BV
Ø Hexcel Corporation
Ø Sumitomo Bakelite Co., Ltd
Ø Arkema
Ø Lonza
Ø Hexlon
Ø UBE Industries, Ltd
Ø Evonik Industries AG
Ø DIC Corporation
Ø Celanese Corporation
Industry 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 segmented
into bismaleimides, polyimides, cyanate
resins, phenolic, epoxy, benzoxazine,
thermoplastic, and others.
By manufacturing process, the
market has been divided into layup, injection molding, compression molding, pultrusion, filament winding, resin transfer
molding, and others.
Based on end-use industry, the market has been
segregated into aerospace and defense, automotive and transportation,
electrical and electronics, and others
Intended Audience
- High-temperature composite
resin manufacturers
- Traders and
distributors of high-temperature composite resin
- Research and
development institutes
- Potential investors
- Raw material suppliers
- Nationalized
laboratories
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