The High Temperature Resin Market projected to grow at a (CAGR) of 4.44% during the forecast period

“High temperature resin market to register a CAGR of 4.44% between 2016 and 2026”

The global high temperature resin market is estimated to reach USD 4.88 billion by 2026, at a CAGR of 4.44% from 2016 to 2026. The increasing demand for high temperature resin as an alternative to mechanical fasteners in high end applications, growth in application areas, the increasing demand for high temperature composite resins in railway and aerospace interior applications, and the increasing demand for thermoplastic resins in composite applications is driving the global high temperature resin market. The higher cost of high temperature composites, issues related to recycling of high temperature thermosetting resins, and regulations related to the use of hazardous chemicals, are restraining the growth of the global high temperature resin market.

 

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“High temperature silicone resin is growing at the highest rate among all the types for paint & coating applications”

The demand for high temperature silicone resin in the high temperature resin market is growing at the highest rate, as it has the inherent ability to withstand extended exposure to higher temperatures than most other adhesives & sealants, paints & coatings, and composite chemistries. This aspect has made it the primary choice for under hood automotive applications. It can also be applied in thicker films, making it useful as a vibration dampening/isolation tool, if the coated assembly is to be placed in a high vibration environment. The high temperature silicone resin can withstand temperatures up to 1000°F (538°C), depending upon the end-use industry.

 

“Rising demand in Asia-Pacific is the major driver of the high temperature resin for adhesives & sealants application“

The Asia-Pacific is the fastest-growing region for the high temperature adhesives. The high demand in emerging countries, such as China, India, Korea, Malaysia, and Vietnam, is driving the global adhesives market. This growth stems from a rise in the demand for high-performance, high-quality high temperature adhesives from end-user segments such as electrical & electronics, automotive, aerospace, and other products. In addition, the carpentry & construction, and assembly & transport industries are also witnessing a growing demand for adhesives.

 

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Breakup of primary interviews:

  • By Company Type – Tier 1 – 50%, Tier 2 – 35%, and Others – 15%
  • By Designation – C level – 38%, D level – 35%, and Others – 27%
  • By Region – North America – 25%, Europe – 25%, Asia-Pacific – 24%, the Middle East & Africa – 13%, and South America – 13%

 

The key companies profiled in this report are, Solvay S.A. (Belgium), Huntsman Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), Hexion Inc. (U.S.), Mitsui Chemicals Inc. (Japan), DIC Corporation (Japan), Henkel AG & Co., KGaA (Germany), Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Royal Tencate N.V. (Netherlands), and BASF SE (Germany).

 

Related Report:

Global High Temperature Composite Resin Industry Market Research Report

The High Temperature Composite Resin market revenue was xx.xx Million USD in 2013, grew to xx.xx Million USD in 2017, and will reach xx.xx Million USD in 2023, with a CAGR of x.x% during 2018-2023. Based on the High Temperature Composite Resin industrial chain, this report mainly elaborate the definition, types, applications and major players of High Temperature Composite Resin market in details. Deep analysis about market status (2013-2018), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2018-2023), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and characteristics of the High Temperature Composite Resin market.

Read More: https://watchersofmarkets.com/products/global-high-temperature-composite-resin-industry-market-research-report

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Posted by on Friday August 10 2018, 12:30 PM EDT. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Featured Press Release, Manufacturing, Manufacturing & Construction, Plastics, Power, Technology Hardware & Equipment, Technology, Media, & Telecommunications, Textiles. Comments and Trackbacks are open. Follow responses: RSS 2.0

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