The global high temperature composite resin market is projected to reach $1.0 billion by 2025, at a CAGR of 2.2% during 2020-2025. The growth of high temperature composite resin market is driven by increasing demand for high temperature resistance composites and standardization of materials to withstand certain temperature performance.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the high temperature composites resin market by end use industry (aerospace & defense, pipe & tank, electrical/electronics, and others), resin (epoxy, vinyl ester, phenolic, BMI, cyanate ester, PEEK, others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the high temperature composite resin market?
Q.4 What are some changing demands of customers in the high temperature composite resin market?
Q.5 What are the new developments in the high temperature composite resin market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this high temperature composite resin area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this high temperature composite resin market?
Emerging trends, which have a direct impact on the dynamics of the industry, include development of resin system with low volatile organic compound (VOC) and increasing focus on thermoplastic resins.
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Market Segmentation:
Based on resin, the high temperature composite resin market is segmented into aerospace & defense, pipe & tank, electrical/electronics. The epoxy segment accounted for the largest share of the market in 2020 due to wide application area in aerospace & defense and pipe and tank and PEEK resin is expected to register the highest CAGR during the forecast period due to its increasing demand in thermoplastic composites.
North America will remain the largest region due to the strong demand form pipe and tank and aerospace/defense industries. Europe is expected to witness the highest growth during the forecast period due to the increasing production rate of advanced aircraft models with higher composite content and expected demand for high heat resistance materials.
Key Players in the high temperature composite resin market are Hexion, Huntsman, Victrex, Solvay, and Olin.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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