High Temperature Composite Resins Market Projected to Reach US$ 168.3 Million in 2023
High-temperature resins have a long history in the composites industry with usage in military and commercial aircraft engines. Nowadays, composite stakeholders are betting on these resin technologies in other applications including airframe and other hot sections.
The global high-temperature composite resins market is projected to grow at a healthy rate over the next five years to reach US$ 168.3 million in 2023. Increasing penetration of composites in 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.