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 market 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 market.
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
Market 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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