According to a new market report published by
Lucintel, the future of the global high temperature composite resin market looks
promising with opportunities in aerospace & defense, pipe & tank, and electrical
& electronics industries. The global high temperature composite resin market
is expected to reach an estimated $1.1 billion by 2024 with a CAGR of 4.9% from 2019 to 2024.
The major drivers for this market are increasing demand for high temperature
resistance composites and standardization of materials to withstand certain
temperature performance.
In this
market, epoxy, vinyl ester, phenolic, BMI, cyanate ester, and PEEK are the
major resin systems used for producing composite intermediate materials and end
products. Lucintel forecasts that epoxy
resin will remain the largest segment by value and volume due to its wide
application area in aerospace & defense and pipe and tank. PEEK resin is
expected to witness highest growth over the forecast period due to its increasing
demand in thermoplastic composites.
Within the high temperature composite resin
market, pipe & tank will remain the largest end use industry. Others
segment (which includes transportation, industrial) is expected to witness
highest growth over the forecast period due to the increasing requirement for
high performance and heat resistance materials.
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.
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. Hexion, Huntsman, Victrex, Solvay, and
Olin are among the major suppliers of high temperature resin for composites.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global high temperature composite resin market by
end use industry, resin, and region, and has
come up with a comprehensive research report entitled “Growth
Opportunities in the Global High Temperature Composite Resin Market 2019-2024:
Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves
as a catalyst for growth strategies as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast for
the global high temperature
composite resin market by
end use industry, resin, and region, as follows:
By end use
Industry [Volume (Kilotons) and $M shipment analysis from 2013 to 2024]:
- Pipe & Tank
- Aerospace & Defense
- Electrical & Electronics
- Others
By resin [Volume
(Kilotons) and $M shipment analysis from 2013 to 2024]:
- Epoxy
- Vinyl Ester
- Phenolic
- Bismaleimide (BMI)
- Cyanate Ester
- Polyetheretherketone (PEEK)
- Others
By region
[Volume (Kilotons) and $M shipment analysis
from 2013 to 2024]:
- North America
- Europe
- Asia Pacific
- Rest of the World
This
211-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel
offerings include advanced
materials reports, composite
materials market report, strategic
growth consulting, market research due
diligence and business
strategy consulting.
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.
This report addresses the following key
questions:
Q. 1. What are
some of the most promising, high-growth opportunities for the global 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 products segments will grow at
a faster pace and why?
Q.
3. Which region will grow at a faster
pace and why?
Q.4. What are the key factors affecting market
dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What
are the business risks and competitive threats in this market?
Q.6. What
are the emerging trends in this market and reasons behind them?
Q.7. What
are some of the changing demands of customers in the market?
Q.8. What
are the new developments in the market and which companies are leading these
developments?
Q.9. Who
are the major players in this market? What strategic initiatives are being
taken by key companies for business growth?
Q.10. What
are some of the competing products in this market and how big of a threat do
they pose for loss of market share by product substitution?
Q.
11. What M&A activity has occurred in the last 5 years? 
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