High-Temperature Composite Resin Market is segmented by Resin Type (BMI, Cyanate Ester, Polyimide, Thermoplastics, and Others), by End-Use Industry Type (Aerospace & Defense, Transportation, and Others), by Manufacturing Process Type (Prepreg Layup, RTM, and Others), and by Region (North America, [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
High-Temperature Composite Resin Market is segmented by Resin Type (BMI, Cyanate Ester, Polyimide, Thermoplastics, and Others), by End-Use Industry Type (Aerospace & Defense, Transportation, and Others), by Manufacturing Process Type ...
The Global High-Temperature Composite Resin Market is projected to grow at a healthy CAGR of 6.1% over the next five years to reach US$ 187.0 million by 2025.
A High-Temperature Composite Resin is a specialized type of resin material designed to withstand extreme heat and maintain its structural integrity in high-temperature environments. It is used in applications where traditional resins would fail or degrade under elevated temperatures. These resins are typically formulated with thermally stable polymers, additives, and reinforcements such as fibers or fillers that enhance their heat resistance and mechanical properties. High-temperature composite resins find applications in industries like aerospace, automotive, and manufacturing, where they are used in components subjected to high heat, such as engine parts, exhaust systems, and tooling for composite manufacturing processes.
Market Dynamics
High-temperature resins have a long history in the composites industry with their usage in military and commercial aircraft engines. Nowadays, the composite stakeholders are betting on these resin technologies in other sections including airframes and other hot sections.
Increasing penetration of composites in the aerospace and automotive industries coupled with a greater demand for high-temperature composites, increasing production rates of high-temperature composite-rich F-35 aircraft, and superior performance benefits of high-temperature resins are the key factors proliferating the growth of the market.
High-temperature resin excels in the performance of composite parts and enhances the part’s ability to withstand extreme heat and harsh environmental conditions. Also, the resin performs better under fatigue than more brittle ceramics and is lighter than metals; therefore, the manufacturers have started adopting high-temperature resins instead of using ceramics and exotic metals. An aircraft engine is one of the biggest application areas of high-temperature composite resins as it is prone to extreme temperature and heat environments.
Newer jet engines and 5th generation fighter aircraft have pushed service temperature into the range of 600°F to 1000°F (316°C to 538°C), along with an increasing demand for composite materials to achieve excellent strength-to-weight ratio. Lockheed Martin’s F-35 is among the best-selling 5th generation aircraft, which has incorporated high-temperature composite resins. About 35% of the aircraft is made of composites, approximately 50% of which are high-temperature composites.
Segments Analysis
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By Resin Type
The high-temperature composite resins market is segmented as BMI, Cyanate Ester, Polyimide, Thermoplastics, and Others. BMI resin is likely to remain the most dominant resin type in terms of volume over the next five years. It is highly used in military aircraft engines as well as airframe applications, nacelles of business jet engines, tooling prepreg, and hot-air ducts. Polyimide resin is likely to remain the largest in terms of value over the next five years.
Polyimide composite parts can withstand continuous use up to 315°C (600°F) and intermittent use up to 480°C (900°F) and exhibit extremely high dimensional stability at elevated temperatures.
By End-Use Industry Type
The market is segmented based on the end-use industry types as Aerospace & Defense, Transportation, and Others. Aerospace & Defense is likely to remain the most dominant segment during the forecast period. Increasing production rates of high-temperature composite-rich fighter aircraft F-35 (Joint Strike Fighter) is likely to create an impetus in the demand for high-temperature composites in the industry.
Lockheed Martin announced it has experienced a 40% increase in deliveries of F-35 aircraft in 2018 over the previous year. The company is likely to further increase its annual deliveries from 91 aircraft in 2018 to an expected delivery of 160 aircraft in 2023. Another key application area of high-temperature composite resin is the tooling prepreg where BMI is gaining traction.
By Manufacturing Process Type
The high-temperature composite resins market is segmented as Prepreg Layup, RTM, and Others. Prepreg layup is expected to remain the dominant process for manufacturing composite parts made using high-temperature composite resins. The process is the most widely preferred process for manufacturing critical parts in the aerospace & defense industry, where high-temperature resin systems are used. Prepreg layup offers various advantages, such as consistent material properties, high fiber volume, flexibility in fiber orientation, low-void content, and easy-to-operate on complicated shapes.
Regional Analysis
Based on the regions, North America is projected to remain the largest market during the forecast period, driven by the world’s leading aircraft OEMs, aero-engine manufacturers, tier players, and material suppliers. The USA is the growth engine of the region’s market. Lockheed Martin has opened a new manufacturing facility to produce its high-geocomposite-rich F-35 aircraft in Pinellas Park, Florida, the USA, to raise the existing production rate. There is a current US government inventory objective of 2,456 F-35 aircraft for the U.S. Air Force, U.S. Marine Corps, and U.S. Navy; commitments from our eight international partners, and three international customers; as well as expressions of interest from other countries.
Europe is projected to remain the second-largest market for high-temperature composite resins during the forecast period. Dassault Aviation, BAE Systems, and Airbus Group are some of the key OEMs in the region, which are driving the demand for high-temperature composite resins in the European market.
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Key Players
The supply chain of this market comprises raw material suppliers, high-temperature resin manufacturers, prepregs & compounders, tier players, OEMs, and airliners.
The key high-temperature composite resins manufacturers include-
The development of low-cost high-temperature composite resins with ease of manufacturing processes; reduced operational cost; and formation of strategic alliances are the key strategies adopted by the players to gain a competitive edge in the market.
Research Methodology
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage a multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
Report Features
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s high-temperature composite resins market realities and future market possibilities for the forecast period of 2020 to 2025. After conducting a series of comprehensive reports on aerospace prepreg, thermoplastic prepregs, high-temperature prepregs, out-of-autoclave (OoA) prepregs, and BMI prepreg, we have further expanded our portfolio with first of its kind study on the high-temperature composite resins market in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies in order to expedite their growth process.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the High-Temperature Composite Resin Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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Solvay S.A., Toray Advanced Composites (TenCate Advanced Composites), Lonza Group, Hexcel Corporation, and Renegade Materials Corporation (a part of Teijin Ltd.) are among the key players in the high-temperature composite resin market.
