Global High Temperature Resin Market Size By Product (Epoxy, Silicone, Acrylic), By Application (Adhesives & Sealants, Paints & Coatings), By Geographic Scope And Forecast
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global High Temperature Resin Market Size By Product (Epoxy, Silicone, Acrylic), By Application (Adhesives & Sealants, Paints & Coatings), By Geographic Scope And Forecast
High Temperature Resin Market Size And Forecast
High Temperature Resin Market size was valued at USD 3.97 Billion in 2024 and is projected to reach USD 5.51 Billion by 2031, growing at a CAGR of 4.32% from 2024 to 2031.
Growing demand from various end-use industries such as automotive, defense and aerospace, building & construction, healthcare, electrical & electronics, and oil & gas industries is a major factor driving the growth of High Temperature Resin Market. Also, stringent regulations over control of emissions from various automobiles are fueling the growth of High Temperature Resin Market. The Global High Temperature 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 Resin Market Definition
Resins are the material used to transfer stress between the reinforced fibers and act as glue to hold the fibers together and protect them from mechanical and environmental damage. High Temperature Resin is a type of product, which can be used in harsher environments that are exposed to higher temperature than normal, usually higher than 150˚C. High Temperature Resins are used in specialized applications which require a combination of extraordinary properties.
Depending upon their applications, they must possess superior short-and long term thermal stability, radiation and chemical resistance to burning, and superior mechanical properties which are often equated to metals.High-Temperature Epoxy resin is a majorly used product that is used for protective coatings due to its superior properties, such as high adhesion, flexibility, chemical and solvent resistance, and others. Also, these resins offer a unique combination of various properties such as adhesion, physical and chemical properties that provide protection against severe corrosive environments.
A variety of High-Temperature Resins includes Epoxy, Silicone, Acrylic, Polyester, and Polyethersulfone. High Temperature Resin finds applications in various fields such as automotive & transportation, aerospace & defense, electrical & electronics, industrial, marine, and building & construction. Automotive and aerospace are primary consumers of High Temperature Resin as they are used for manufacturing f vehicles and aircraft in huge amounts.
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Global High Temperature Resin Market Overview
High Temperature Resin possesses excellent performance in the face of harsh environmental conditions and high temperatures. Growing demand and utilization in automobiles and aircraft are driving the growth of the High Temperature Resin Market. Increasing demand from the aerospace industry as various composite resins are used to reduce the overall weight of the aircraft.
Growing development trends in the aerospace industry are fueling the growth of the High Temperature Resin Market. Furthermore, positive growth in the automotive industry due to stringent regulations to reduce the emission of carbon from vehicles and to reduce the eight of vehicles are boosting demand for High Temperature Resin and thereby contributing to the growth of the market. High-temperature composite resins usually find applications in areas requiring resistance high-temperature such as ducting, ceilings, and bulkheads.
Moreover, because of the high glass conversion temperature, High Temperature Resin is used in filament bending applications which are appropriate for elevated strength carbon fiber-reinforced composite structures. Additionally, increase in usage and demand from various end-use industries such as automotive, defense and aerospace, electrical & electronics, building & construction, healthcare, and oil & gas industries because of advantages such as low-void content, high fiber volumes, easy operability on complex shapes and consistent material properties are accelerating the growth of High Temperature Resin Market.
On the contrary, huge investments associated with these high-performance resins and recycling limitations are anticipated to restrict the growth of the High Temperature Resin Market. Nonetheless, innovations and advancements in the recycling process and stringent regulations on the manufacturing of aircraft and vehicles are expected to generate lucrative opportunities for High Temperature Resin Market in the years to come.
Global High Temperature Resin MarketSegmentation Analysis
The Global High Temperature Resin Market is segmented on the basis of Product, Application, And Geography.
High Temperature Resin Market, By Product
- Epoxy
- Silicone
- Acrylic
- Polyester
- Polyethersulfone
Based on Product, the market is bifurcated into Epoxy, Silicone, Acrylic, Polyester, and Polyethersulfone. High temperature Epoxy resins are expected to hold the largest share in the market due to superior properties of epoxy over others such as impact resistance, flexibility, high adhesion ad chemical and physical properties.
High Temperature Resin Market, By Application
- Adhesives & Sealants
- Paints & Coatings
- Composites
Based on Application, the market is bifurcated into Adhesives & Sealants, Paints & Coatings, and Composites. The composites segment is accounted for holding the largest share and is also expected to grow at the fastest pace during the forecasted period due to the growing demand for high-temperature composite resin in aerospace interior applications, railway, and growing demand for thermoplastic resins are driving the growth of the segment.
High Temperature Resin Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, The Global High Temperature Resin Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific is expected to grow with the highest CAGR during the forecasted period and also accounted for holding the largest share in the market. The growth of the region is attributed to increasing demand from emerging countries; China is the world’s largest consumer of high temperature resins. Also, growing automobile production in the region is driving the growth of High Temperature Resin Market in the region.
Key Players
The “Global High Temperature Resin Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are E.I. DUPONT, SOLVAY., BASF, DIC, HENKEL & CO. KGAA, SAUDI BASIC INDUSTRIES (SABIC), ROYAL TENCATE, HUNTSMAN, MITSUI CHEMICALS, WACKER CHEMIE, DOW CORNING, HEXION SPECIALTY CHEMICALS.
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
- In October 2019, Solvay unveiled Keta Spire PEEK XT, the industry’s first natural high-temperature PEEK. This ground-breaking material combines the chemical resistance of regular PEEK with dramatically increased strength and stiffness at high temperatures.
- In October 2019, Saudi Basic Industries Corp. (SABIC) introduced a high-heat resin called Xenoy HTX for lightweight and electronic vehicles. With this latest introduction, SABIC increased its high-temperature resin offering for the automotive sector. This would boost the market for high-temperature composite resins.
- In February 2019, Henkel added a variety of high-performance epoxy-based compounds to its Loctite MAX polyurethane (PU) matrix resins line. This resin portfolio would be aimed at the high-temperature automotive composite applications market, such as wheels.
- In April 2018, the new DuPont Zytel HTNFR42G30NH, a novel non-halogenated flame-retardant high-performance polyamide resin offering with bio-based content for SMT (Surface Mount Technology) connectors, was introduced by DowDuPont Transportation & Advanced Polymers.
- In March 2021, after failing to achieve superior strength, transparency, heat resistance, hydrolytic stability, and mechanical property retention under steam sterilization for demanding biopharmaceutical processing conditions with polycarbonate (PC) resin, TBL, a manufacturer of single-use, bioprocess components, and systems, turned to Solvay’s transparent Udel P-1700 PSU resin.
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 | E.I. DUPONT, SOLVAY., BASF, DIC, HENKEL & CO. KGAA, SAUDI BASIC INDUSTRIES (SABIC), ROYAL TENCATE, HUNTSMAN, MITSUI CHEMICALS, WACKER CHEMIE, DOW CORNING, HEXION SPECIALTY CHEMICALS. |
Segments Covered |
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Customization scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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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
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