High-Temperature Composite Resin Market to Signify Strong Growth by 2024-2031

High-Temperature Composite Resin Market is estimated to grow at a CAGR of around 9% during the forecast period. In polymer chemistry and materials science, the resin is a solid or highly viscous substance of plant or synthetic origin that is typically convertible into polymers. Resins are usually mixtures of organic compounds. High-temperature resins are those resins which perform normally at temperatures higher than 150?C. It is thermally stable; it can sustain itself in the 600-1000° C. The high-temperature can be stored and processed at ambient temperature and has high chemical and corrosive resistance also, it is environmentally friendly and recyclable.

The use of high-temperature composite resin in aerospace & defence, electrical & electronics, and transportation industry is contributing to the growth of the global high-temperature composite resin market. High-temperature composite resin is used in the automobile and construction industries too. Thermoset high-temperature composite resin BMI and Cyanate ester resins are used mostly in the aerospace & defense industry for its heat resistant property, also it is insoluble and non-melting. BMI resin can be used where operations performed at a temperature of more than 450°C, it is extensively used in missile and engine components, such as nozzle flaps, body flaps for the Space Shuttle, nacelles, and others.

Cyanate ester resins can be used where the temperature may exceed 600°C, it has a less moisture sensitivity and it is used in the optomechanical and spacecraft applications. Thermoplastic high-temperature composite resin epoxy is used extensively in electrical & electronics and construction industries for its damage tolerance property, also for its strong adhesive quality epoxy resin is also used for painting and coating. Moreover phenolic is used largely in many industries for its heat resistant property.

Plaster, alabaster, concrete, latex, and metal are some of the alternatives that are used at a substitute of the high-temperature composite resin. These alternatives, and high manufacturing cost consist of several steps are restraining the growth of the global high-temperature composite resin market. Although the new 3D printing technology is now using high-temperature composite resin to produce complex products and prototypes, this factor is contributing to the future growth of the global high-temperature composite resin industry.

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High Temperature Composite Resin Market Segmentation

By Type

• Epoxy
• Phenolic
• Polyimide
• Bismaleimides (BMI)
• Others

 By Manufacturing Process

• Layup
• Injection Molding
• Pultrusion Molding
• Filament Winding
• Others

By End-User

• Aerospace and Defence
• Transportation
• Electrical & Electronics
• Others

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Regional Analysis           

North America                                                                                                           

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles

• Arkema S.A. 
• Barrday Corp.
• Celanese Corp.
• De-Comp Composites, Inc.
• DIC Corp.
• EI du Pont de Nemours & Co.
• Hexcel Corp.
• HexionSpecialty Chemicals, Inc.
• Huntsman Corp.
• Hybrid Plastics, Inc.
• Lonza Group
• Maverick Corp.
• Mitsui Chemicals, Inc.
• Nexam Chemical Holding AB
• Performance Polymer Solutions, Inc.
• Raptor Resins, Inc.
• Renegade Materials Corp. (A part of Teijin Ltd.)
• SABIC
• Shikoku Chemicals Corp.
• Solvay S.A.
• Sumitomo Bakelite Co., Ltd.
• UBE Industries, Ltd.
• Toray Industries, Inc. (Royal Tencate N.V.)

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