Market
Overview:
High-temperature composite
resins are used in applications that require resistance to high temperatures
such as bulkheads, ducting, and ceilings. The growth of the global High-Temperature
Composite Resin Industry is driven by the increasing demand in major end-use
industries such as aerospace and defense, automotive and transportation, and
electrical and electronics. Some of the commonly used high-temperature
composite resins are bismaleimides, polyimides, cyanate esters, bezoxazines,
phenolic, and epoxy. Bismaleimide resins are the most widely used
high-temperature composite resins in various applications including military
and commercial aircraft and helicopters due to their high-temperature resistance
properties.
The demand for
high-temperature composite resins is driven by the growing aerospace and
defense industry globally. These Resins find application in various
parts of aircraft such as engines, ducts, stators, and heat shields. The
expanding aviation industry with the rising demand for commercial aircraft,
especially in developing nations, on account of increasing air traffic and low
fuel prices is likely to drive the growth of the High-Temperature Composite
Resin Industry.
Global Key
Players:
Ø Huntsman International LLC
Ø Hexcel Corporation
Ø Sumitomo Bakelite Co., Ltd
Ø Koninklijke Ten Cate BV
Ø Hexlon
Ø DIC Corporation
Ø Arkema
Ø Lonza
Ø UBE Industries, Ltd
Ø Evonik Industries AG
Ø Celanese Corporation
Market
Segmentation:
The
High-Temperature
Composite Resin Industry has been segmented by type, manufacturing process, end-use
industry, and region. Based on type, the market has been divided into
bismaleimides, polyimides, cyanate resins, phenolic, epoxy, benzoxazine,
thermoplastic, and others. The bismaleimides type segment accounted for the
largest market share in 2017 and is expected to grow at a significant rate
during the review period. This market growth can be attributed to increasing
use of bismaleimides in the aerospace industry on account of high thermal and oxidative
stability and good electrical and mechanical properties.
On
the basis of manufacturing process, the market has been segmented into layup,
injection molding, compression molding, pultrusion, filament winding, resin
transfer molding, and others. The layup manufacturing process is the most
widely used due to its cost-effectiveness.
By
end-use industry, the market has been segregated into aerospace and defense,
automotive and transportation, electrical and electronics, and others. The
aerospace and defense segment accounted for the largest market share in 2017 on
account of the increasing use of high-temperature composite resins in engines,
ducts, stators, and heat shields, among others.
Intended
Audience
- High-temperature composite
resin manufacturers
- Traders and distributors of
high-temperature composite resin
- Research and development
institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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