The high-temperature composite resin market has been segmented, by region, into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The market in North America accounted for the majority share of the global high-temperature composite resin market in 2017; the regional market is likely to witness significant growth during the review period. This can be attributed to the expanding aerospace and defense industry in the US with increased spending on defense equipment. In 2017, the value of the defense equipment sold in the US amounted to around USD 38 billion. Additionally, increasing production of aircraft on account of the growing demand in nations such as China, India, France, and the UK is likely to drive the growth of the high-temperature composite resin market. The US aerospace and defense industry accounted for 34% of the global aerospace and defense industry’s exports in 2017 which amounted to around USD 143 billion.
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The European market is a prominent market for global high-temperature composite resins and is expected to grow at a significant rate during the review period on account of the expanding aerospace industry mainly in France and the UK.
The market in Asia-Pacific is expected to be the fastest-growing market for global high-temperature composite resins in the coming years due to the rapidly growing aerospace and defense industry. Increasing aircraft production in developing nations owing to major aircraft OEMs such as Airbus and Bombardier shifting their manufacturing bases to the region is likely to propel market growth in Asia-Pacific.
The markets in Latin America and the Middle East & Africa are expected to grow as a result of the growing aviation industry in Mexico and the expanding automotive industry in the Middle East & Africa.
Key Players
- Huntsman International LLC
- Koninklijke Ten Cate BV
- Hexcel Corporation
- Sumitomo Bakelite Co., Ltd
- Arkema
- Lonza
- Hexlon
- UBE Industries, Ltd
- Evonik Industries AG
- DIC Corporation
- Celanese Corporation
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Segmentation
The global high-temperature composite resin market has been segmented by type, manufacturing process, end-use industry, and region.
Based on type, the market has been segmented into bismaleimides, polyimides, cyanate resins, phenolic, epoxy, benzoxazine, thermoplastic, and others.
By manufacturing process, the market has been divided into layup, injection molding, compression molding, pultrusion, filament winding, resin transfer molding, and others.
On the basis of end-use industry, the market has been segregated into aerospace and defense, automotive and transportation, electrical and electronics, and 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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