High Temperature Resin is designed to be used in high-temperature scenarios such as: ducting, molding, and for the automotive and aerospace industries.
Market Analysis and Insights: Global High Temperature Resin Market
Due to the COVID-19 pandemic, the global High Temperature Resin market size is estimated to be worth US$ 4054.3 million in 2022 and is forecast to a readjusted size of US$ 5012.7 million by 2028 with a CAGR of 3.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Phenolic accounting for % of the High Temperature Resin global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Aerospace & Defense segment is altered to an % CAGR throughout this forecast period.
Currently, China is the world’s largest consumer of the high temperature resin in terms of volume with many leading players investing in the country to establish new manufacturing facilities. The growth of the high temperature resins market in China is driven by foreign investments, cost-effective labor, and the availability of inexpensive raw material. The electronics industry is the largest in the country with double digit growth, annually. Due to the high exports and trade agreements, China’s marine industry is growing at a high rate, which is also a key end-user industry of the high temperature adhesive resin.
Global High Temperature Resin Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global High Temperature Resin Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Phenolic
Epoxy
Thermoplastic
Polyimide
Benzoxazine
Cyanate Ester
Others
Segment by Application
Aerospace & Defense
Transportation
Electrical & Electronics
Others
By Company
Huntsman
Hexcel
Sumitomo Bakelite
Royal Tencate
Hexion
DIC
Arkema
Lonza
Nexam Chemical
UBE
SABIC
BASF
DowDupont
Mitsui Chemicals
Wacker Chemie
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina