HOME Top Market Reports High Temperature Composite Resin Market by Resin Type (Phenolic, Epoxy, Thermoplastic, Polyimide, Cyanate Ester), Manufacturing Process, End-use Industry (Aerospace & Defense, Transportation, Electrical & Electronics), and Region - Global Forecast to 2023

High Temperature Composite Resin Market by Resin Type (Phenolic, Epoxy, Thermoplastic, Polyimide, Cyanate Ester), Manufacturing Process, End-use Industry (Aerospace & Defense, Transportation, Electrical & Electronics), and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: June 2018
Report Code: CH 4077

 

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The high temperature composite resin market is estimated to grow from USD 690.0 million in 2017 to USD 1,180.8 million by 2023, at a CAGR of 9.4% during the forecast period. The base year considered for the study is 2017, and the market size is projected for the period 2018-2023. The increase in the use of high temperature composite resins in the aerospace & defense and transportation end-use industries is expected to drive the market in the coming years.

Objectives of the Study

The report analyzes the global high temperature composite resin market, in terms of volume (tons) and value (USD thousand). The report also estimates the size and growth potential of the high temperature composite resin market across different segments, such as end-use industries, resin type, manufacturing process, and region. It forecasts the market size for five regions, namely, North America, Europe, APAC, MEA, and Latin America. The study also covers market opportunities and competitive landscape for stakeholders and market leaders.

The research methodology used to estimate and forecast the high temperature composite resin market begins with gathering data on key company revenues and raw material costs through secondary sources, such as Composites World, Polymer Database, Factiva, D&B Hoovers, Manta, and others. Product offerings are also taken into consideration to determine the market segmentation. The bottom-up approach was used to arrive at the overall size of the high temperature composite resin market from the revenue of key players. After arriving at the total market size, the overall market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with CEOs, VPs, directors, and key executives from related industries. Data triangulation and market breakdown procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the high temperature composite resin market. The breakdown of profiles of primary interviewees is shown in the figure below:

High Temperature Composite Resin Market

To know about the assumptions considered for the study, download the pdf brochure

Key manufacturers of high temperature composite resins include Huntsman International (US), Hexion (US), Hexcel Corporation (US), Royal TenCate (Netherlands), Sumitomo Bakelite (Japan), and Arkema (France).

Target Audience

  • High Temperature Composite Resin Manufacturers
  • Raw Material Suppliers
  • Distributors & Suppliers
  • Industry Associations

“This study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.”

Scope of the Report

The research report segments the high temperature composite resin market into the following submarkets:

By Resin Type

  • Phenolic
  • Epoxy
  • Thermoplastic
  • Polyimide
  • Benzoxazine
  • Cyanate Ester
  • Others
    • Bismaleimide
    • Phthalonitrile

By Manufacturing Process

  • Lay-up
  • Filament Winding
  • Injection Molding
  • Pultrusion
  • Compression Molding
  • Other Processes
    • RTM
    • Resin Film Infusion
    • Tube Rolling
    • Centrifugal Casting

By End-use Industry:

  • Aerospace & Defense
  • Transportation
  • Electrical & Electronics
  • Others
    • Oil & Gas
    • Building & Construction
    • Medical
    • Industrial

By Region

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for this report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the North American high temperature composite resin market
  • Further breakdown of the European high temperature composite resin market
  • Further breakdown of the APAC high temperature composite resin market
  • Further breakdown of the MEA high temperature composite resin market
  • Further breakdown of the Latin American high temperature composite resin market
  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Unit Considered
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the High Temperature Composite Resin Market
    4.2 High Temperature Composite Resin Market, By Resin Type
    4.3 High Temperature Composite Resin Market, By Manufacturing Process
    4.4 High Temperature Composite Resin Market, By End-Use Industry and Region
    4.5 High Temperature Composite Resin Market, By Country
    4.6 High Temperature Composite Resin Market Size, By End-Use Industry

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Excellent Thermal Performance of High Temperature Composite Resins
                    5.2.1.2 Increasing Demand for Lightweight Materials From Transportation and Aerospace & Defense Industries
                    5.2.1.3 Increase in Demand for High Temperature Thermoplastic Resin
           5.2.2 Restraints
                    5.2.2.1 High Cost of High Temperature Composite Resins
                    5.2.2.2 Recycling-Related Issues
                    5.2.2.3 Handling and Processing Issues
           5.2.3 Opportunities
                    5.2.3.1 Increasing Demand From Europe and North America to Meet Stringent Regulations
                    5.2.3.2 Number of Research Programs in Line to Reduce the Cost of High Temperature Composite Resins
           5.2.4 Challenges
                    5.2.4.1 Need for Continuous Improvement in Product Offering
                    5.2.4.2 Ongoing Global Economic Volatility and Fluctuating Commodity Prices
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of Substitutes
           5.3.2 Bargaining Power of Suppliers
           5.3.3 Bargaining Power of Buyers
           5.3.4 Threat of New Entrants
           5.3.5 Intensity of Competitive Rivalry

6 High Temperature Composite Resin Market, By Resin Type (Page No. - 40)
    6.1 Introduction
    6.2 Phenolic
    6.3 Epoxy
    6.4 Thermoplastic
    6.5 Polyimide
    6.6 Benzoxazine
    6.7 Cyanate Ester
    6.8 Others (BMI and Phthalonitriles)

7 High Temperature Composite Resin Market, By Manufacturing Process (Page No. - 51)
    7.1 Introduction
           7.1.1 Layup
           7.1.2 Filament Winding
           7.1.3 Injection Molding
           7.1.4 Pultrusion
           7.1.5 Compression Molding
           7.1.6 Other Processes

8 High Temperature Composite Resin Market, By End-Use Industry (Page No. - 55)
    8.1 Introduction
    8.2 Aerospace & Defense
           8.2.1 Aircraft Components
           8.2.2 Space & Defense Components
    8.3 Transportation
    8.4 Electrical & Electronics
    8.5 Others

9 High Temperature Composite Resin Market, By Region (Page No. - 64)
    9.1 Introduction
    9.2 North America
           9.2.1 US
           9.2.2 Canada
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 Spain
           9.3.4 UK
           9.3.5 Italy
           9.3.6 Rest of Europe
    9.4 APAC
           9.4.1 China
           9.4.2 Japan
           9.4.3 South Korea
           9.4.4 India
           9.4.5 Malaysia
           9.4.6 Rest of APAC
    9.5 Latin America
           9.5.1 Brazil
           9.5.2 Mexico
           9.5.3 Rest of Latin America
    9.6 MEA
           9.6.1 Israel
           9.6.2 South Africa
           9.6.3 Rest of MEA

10 Competitive Landscape (Page No. - 89)
     10.1 Introduction
     10.2 Market Ranking
             10.2.1 Huntsman Corporation
             10.2.2 Hexcel Corporation
             10.2.3 Royal Tencate N.V.
     10.3 Recent Development
             10.3.1 New Product Launch
             10.3.2 Expansion
             10.3.3 Acquisition
             10.3.4 Agreements, Partnerships, & Collaboration

11 Company Profiles (Page No. - 94)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 Huntsman International LLC
     11.2 Hexcel Corporation
     11.3 Sumitomo Bakelite Co., Ltd.
     11.4 Royal Tencate N.V.
     11.5 Hexion Inc.
     11.6 DIC Corporation
     11.7 Arkema S.A.
     11.8 Lonza AG
     11.9 Nexam Chemical Holding AB
     11.10 UBE Industries, Ltd.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.11 Other Companies
             11.11.1 Renegade Materials Corporation
             11.11.2 Maverick Corporation
             11.11.3 Raptor Resins Inc.
             11.11.4 Performance Polymer Solutions Inc.
             11.11.5 Barrday Corporation
             11.11.6 Hybrid Plastics Inc.
             11.11.7 De-Comp Composites, Inc.
             11.11.8 Shikoku Chemicals Corporation
             11.11.9 Celanese Corporation
             11.11.10 Sabic

12 Appendix (Page No. - 116)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (65 Tables)

Table 1 High Temperature Composite Resin Market Size, 2016–2023
Table 2 High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (USD Thousand)
Table 3 High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (Ton)
Table 4 Phenolic High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 5 Phenolic High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 6 Epoxy High Temperature Composite Resin Market Size, By End-Use Industry , 2016–2023 (USD Thousand)
Table 7 Epoxy High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 8 Thermoplastic High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 9 Thermoplastic High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 10 Polyimide High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 11 Polyimide High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 12 Benzoxazine High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 13 Benzoxazine High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 14 Cyanate Ester High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 15 Cyanate Ester High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 16 Other High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 17 Other High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 18 High Temperature Composite Resin Market Size, By Manufacturing Process, 2016–2023 (USD Thousand)
Table 19 High Temperature Composite Resin Market Size, By Manufacturing Process, 2016–2023 (Tons)
Table 20 High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 21 High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 22 High Temperature Composite Resin Market Size in Aerospace & Defense, By Region, 2016–2023 (USD Thousand)
Table 23 High Temperature Composite Resin Market Size in Aerospace & Defense, By Region, 2016–2023 (Ton)
Table 24 High Temperature Composite Resin Market Size in Transportation, By Region, 2016–2023 (USD Thousand)
Table 25 High Temperature Composite Resin Market Size in Transportation, By Region, 2016–2023 (Ton)
Table 26 High Temperature Composite Resin Market Size in Electrical & Electronics, By Region, 2016–2023 (USD Thousand)
Table 27 High Temperature Composite Resin Market Size in Electrical & Electronics End-Use Industry, By Region, 2016–2023 (Ton)
Table 28 High Temperature Composite Resin Market Size in Other End-Use Industries, By Region, 2016–2023 (USD Thousand)
Table 29 High Temperature Composite Resin Market Size in Other End-Use Industries, By Region, 2016–2023 (Ton)
Table 30 High Temperature Composite Resin Market Size, By Region, 2016–2023 (USD Thousand)
Table 31 High Temperature Composite Resin Market Size, By Region, 2016–2023 (Ton)
Table 32 North America: High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 33 North America: High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 34 North America: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (USD Thousand)
Table 35 North America: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (Ton)
Table 36 North America: High Temperature Composite Resin Market Size, By Country, 2016–2023 (USD Thousand)
Table 37 North America: High Temperature Composite Resin Market Size, By Country, 2016–2023 (Ton)
Table 38 Europe High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 39 Europe: High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 40 Europe: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (USD Thousand)
Table 41 Europe: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (Ton)
Table 42 Europe: High Temperature Composite Resin Market Size, By Country, 2016–2023 (USD Thousand)
Table 43 Europe: High Temperature Composite Resin Market Size, By Country, 2016–2023 (Ton)
Table 44 APAC: High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 45 APAC: High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 46 APAC: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (USD Thousand)
Table 47 APAC: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (Ton)
Table 48 APAC: High Temperature Composite Resin Market Size, By Country, 2016–2023 (USD Thousand)
Table 49 APAC: High Temperature Composite Resin Market Size, By Country, 2016–2023 (Ton)
Table 50 Latin America: High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 51 Latin America: High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 52 Latin America: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (USD Thousand)
Table 53 Latin America: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (Ton)
Table 54 Latin America: High Temperature Composite Resin Market Size, By Country, 2016–2023 (USD Thousand)
Table 55 Latin America: High Temperature Composite Resin Market Size, By Country, 2016–2023 (Ton)
Table 56 MEA: High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (USD Thousand)
Table 57 MEA: High Temperature Composite Resin Market Size, By End-Use Industry, 2016–2023 (Ton)
Table 58 MEA: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (USD Thousand)
Table 59 MEA: High Temperature Composite Resin Market Size, By Resin Type, 2016–2023 (Ton)
Table 60 MEA: High Temperature Composite Resin Market Size, By Country, 2016–2023 (USD Thousand)
Table 61 MEA: High Temperature Composite Resin Market Size, By Country, 2016–2023 (Ton)
Table 62 New Productlaunch, 2014–2018
Table 63 Expansion, 2014–2018
Table 64 Acquisition, 2014–2018
Table 65 Agreement, Partnership, & Collaboration, 2014–2018


List of Figures (43 Figures)

Figure 1 High Temperature Composite Resin Market Segmentation
Figure 2 High Temperature Composite Resin Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 High Temperature Composite Resin Market: Data Triangulation
Figure 6 Aerospace & Defense to Be the Largest End-Use Industry in the High Temperature Composite Resin Market
Figure 7 Phenolic to Be the Largest Resin Type in the High Temperature Composite Resin Market
Figure 8 US to Dominate the High Temperature Composite Resin Market
Figure 9 North America Dominated the High Temperature Composite Resin Market
Figure 10 Significant Growth Opportunities in the High Temperature Composite Resin Market, 2018–2023
Figure 11 Phenolic to Be the Largest Resin Type
Figure 12 Lay-Up to Be the Fastest-Growing Manufacturing Process
Figure 13 North America Led the High Temperature Composite Resin Market
Figure 14 Germany to Register the Highest CAGR in the High Temperature Composite Resin Market
Figure 15 Aerospace & Defense to Be the Largest End-Use Industry
Figure 16 Factors Governing the High Temperature Composite Resin Market
Figure 17 High Temperature Composite Resin Market: Porter’s Five Forces Analysis
Figure 18 Phenolic to Be the Largest Resin Type in the High Temperature Composite Resin Market
Figure 19 Aerospace & Defense End-Use Industry to Dominate Phenolic High Temperature Composite Resin Market
Figure 20 Aerospace & Defense to Be the Lagest End-Use Industry in Epoxy High Temperature Composite Resin Market
Figure 21 Aerospace & Defense to Be the Lagest End-Use Industry in Thermoplastic High Temperature Composite Resin Market
Figure 22 Lay-Up Manufacturing Process to Register the Highest CAGR
Figure 23 Aerospace & Defense to Outpace Other End-Use Industries
Figure 24 North America to Register the Highest CAGR in the High Temperature Composite Resin Market in Aerospace & Defense End-Use Industry
Figure 25 Europe to Be the Largest High Temperature Composite Resin Market in Transportation End-Use Industry
Figure 26 APAC to Be the Largest High Temperature Composite Resin Market in Electrical & Electronics End-Use Industry
Figure 27 US to Drive the North American High Temperature Composite Resin Market (2016–2023)
Figure 28 North America: High Temperature Composite Resin Market Snapshot
Figure 29 Europe: High Temperature Composite Resin Market Snapshot
Figure 30 APAC: High Temperature Composite Resin Market Snapshot
Figure 31 Brazil to Dominate the High Temperature Composite Resin Market in Latin America
Figure 32 Israel to Be the Largest High Temperature Composite Resin Market in MEA
Figure 33 New Product Launch Was the Key Growth Strategy Between 2014 and 2018
Figure 34 Huntsman Corporation: the Largest Company in the High Temperature Composite Resin Market
Figure 35 Huntsman International LLC: Company Snapshot
Figure 36 Hexcel Corporation: Company Snapshot
Figure 37 Sumitomo Bakelite Co., Ltd.: Company Snapshot
Figure 38 Royal Tencate N.V.: Company Snapshot
Figure 39 Hexion Inc.: Company Snapshot
Figure 40 DIC Corporation: Company Snapshot
Figure 41 Arkema S.A.: Company Snapshot
Figure 42 Lonza AG: Company Snapshot
Figure 43 UBE Industries, Ltd.: Company Snapshot

The high temperature composite resin market is estimated at USD 753.5 million in 2018 and is projected to reach USD 1,180.8 million by 2023, at a CAGR of 9.4% during the forecast period. The growth of the market can be attributed to the high demand for high temperature composite resins from the aerospace & defense, transportation, electrical & electronics, oil & gas, building & construction, and medical industries. The market has witnessed significant growth over the last few years due to the increased demand for high temperature composite resins for high thermal resistant and lightweight aircraft and automotive parts.

The high temperature composite resin market is segmented on the basis of resin type, manufacturing process, end-use industry, and region. Based on resin type, the market is segmented into lay-up, filament winding, injection molding, pultrusion, compression molding, others. Lay-up is projected to be the largest and fastest-growing segment of the market during the forecast period, owing to its large-scale applications in aerospace & defense and marine industries. Compression molding is estimated to be the second-largest manufacturing process type in the high temperature composite resin market owing to its increasing applications in aerospace & defense and automotive industries.

Based on end-use industry, the high temperature composite resin market is segmented into aerospace & defense, transportation, electrical & electronics, and others. Aerospace & defense is estimated to be the largest segment of the high temperature composite resin market in 2018, owing to the growing demand for high temperature composite resin for engine parts, interiors, and outer structures of aircraft, missiles, and satellites. The transportation industry is the second-largest consumer of high temperature composite resins. The penetration of high temperature composite resins is increasing rapidly in the transportation industry.

The North American region is projected to register the highest CAGR in the high temperature composite resin market, in terms of value between 2018 and 2023. This growth is driven by stringent safety regulations and demand for high thermal resistant materials in this region, especially in the US, for transportation and aerospace & defense industries. This is expected to drive the growth of the high temperature composite resin market in the region.

High Temperature Composite Resin Market

Excellent thermal performance and increasing demand for high temperature thermoplastic resins are the major drivers of the market. Increasing demand for lightweight materials from the aerospace & defense and transportation industries is also driving the market. The high cost of high temperature composite resins and recyclability related issues are the main restraints in the market. The main opportunity for the market is the growing demand for high temperature composite resins from Europe and North America to meet stringent regulations.

Huntsman International (US), Hexion (US), Hexcel Corporation (US), Royal TenCate (Netherlands), Sumitomo Bakelite (Japan), Arkema (France), DIC Corporation (Japan), Lonza (Switzerland), Nexam Chemical Holding (Sweden), and UBE Industries (Japan) are some of the leading players in the high temperature composite resin market. Huntsman Corporation is the leading manufacturer of composite resins. It is a prominent player in the high temperature composite resins market and inclined toward providing innovative and cost-efficient solutions for high temperature composite resins. The high temperature composite resins manufactured by the company are widely used in varied industries, namely, aerospace, transportation, electronics, and oil & gas.

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