Stratview Research announces the addition of a new market research report on Global High Temperature Composite Resin Market by End Use Industry Type (Aerospace & Defense, Transportation, Building & Construction, Marine, and Others), by Resin Type (Epoxy, BMI, Cyanate Ester, Thermoplastic, and Others), by Composite Manufacturing Process (Prepreg Layup, Filament Winding, Resin Infusion, Compression Molding, Injection Molding and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018 – 2023.
This market report from Stratview Research studies the high temperature composite resin market over the period 2010 to 2021. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Global High Temperature Composite Resin Market: Highlights
As per Stratview Research, the global high temperature composite resin market offers an excellent growth of 6% CAGR during the forecast period of 2018 to 2023 to reach US$ 168.3 million in 2023, which offers an opportunity to the industry players to align themselves with the market growth.
There are several factors bolstering the growth of high temperature resin in the global composite industry. The author of the report cited increasing use of composites in the structural applications of next generation aircraft, and high demand of fast curing resins for mass produced vehicles and longer wind blades as major growth drivers of the market.
Aerospace & Defense industry is expected to remain the largest user of high temperature composite resins over the next five years. Increasing annual production rate of composite rich aircraft, B787, A350XWB, and C Series are likely to maintain a healthy growth momentum for high temperature resin in the aerospace and defense industry.
Transportation is likely to experience the fastest growth during the forecast period. The stringent regulations set by government of many countries with respect to increasing the fuel efficiency or reduce carbon emissions is driving the use of advanced materials including composites.
In terms of region, North America is expected to remain the largest market for high temperature composite resin over the next five years. The region is the world’s capital of the aerospace composite manufacturing with presence of several aerospace OEMs and tier players. The region is also likely to exhibit the fastest growth over the next five years, driven by increasing composites usage in the aerospace & defense and automotive industries and sustained growth in the wind energy market.
The key high temperature resin manufacturers are Momentive (Hexion), Huntsman Corporation, Hexcel, Solvay (Cytec), Henkel AG & Co. KGaA, SABIC, and RTP Company. New product development, application development and process optimization are the key strategies adopted by the key players to gain competitive edge in the market.
This industry research report from Stratview Research provides market intelligence in the most comprehensive manner. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the research report:
Avail free customization options which are listed in the link given below along with the detailed Table of Contents and Report Description.
Free customization options for market research report on global high temperature composite resin market.
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