Global High Temperature Composite Resin Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Chemical and Material Date : July 31st, 2018
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The global high temperature composite resin market was valued at USD 752.4 million in 2017 and is likely to generate a demand of USD 1,321.2 million by 2024, at a CAGR of 8.2% over the next seven years. Growing demand for thermoplastic resins along with the superior thermal performance offered by high temperature composite resins is expected to drive the market demand. Moreover, considerable rise in the use of high temperature composite resins in transportation and aerospace industries is set to accelerate market growth over the forecast period. The years used for the assessment are as follows;

  • Historical year : 2014, 2015 and 2016
  • Base year : 2017
  • Forecast period: 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the high temperature composite resin market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
  • Finalizing the overall size and share for the global market

OBJECTIVES:

  • To classify global high temperature composite resin market into segments on the basis of resin type, manufacturing process, and end-use to analyze their growth prospects individually
  • To analyze market trends, opportunities, drivers and restraints associated with high temperature composite resins
  • Profiling key companies operating in the global high temperature composite resin market
  • To study market response with respect to the mergers and acquisitions in the industry

MARKET SCOPE

The research scope for high temperature composite resin market is as follows:

By Resin Type

  • Epoxy
  • Phenolic
  • Thermoplastic
  • Polyimide
  • Bismaleimide (BMI)
  • Cyanate Ester
  • Others

By Manufacturing Process

  • Filament winding
    • Helical winding
    • Hoop winding
  • Lay-up
    • Manual lay-up
    • Prepreg lay-up
    • Spray lay-up
    • Automated lay-up
  • Resin transfer molding
  • Compression molding
    • Resin injection molding
    • Incremental
    • Others
  • Injection molding
  • Pultrusion
  • Others

By End-Use

  • Aerospace & defense
  • Building & construction
  • Transportation
  • Medical
  • Electrical & electronics
  • Marine
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central & South America (CSA)
  • Middle East & Africa (MEA)

Growing demand from diverse end-use industries on account of superior thermal performance of high temperature composite resins is expected to foster market growth over the forecast period. Also, stringent government regulations regarding the safety of transportation vehicles are likely to fuel the market demand as these resins improve ignition resistance.

High temperature composite resins have the capability to perform in extreme temperatures ranging between 232°C and 427°C and are available in the form of solids, liquids, or solutions. Until recently high temperature materials had been in the incubation stage of development. Whereas, rising need for high temperature performance along with affordable processing for polymer matrix composite resins has led to a number of research and development activities across the globe.

Key market participants are focusing on innovation in order to reduce cycle time along with production costs, while considering the entire value chain from constituent materials to processed products. Ten Cate, a major market player, has given a new dimension to the high quality thermoplastic composite materials through its range of TenCate Cetex products. These come in a multiple range of fabric based laminates and UD prepregs that can be pre consolidated and tailored to meet diverse customer needs.

In addition, technological advancements have led to the advent of next generation processing techniques that have enabled the manufacture of low-cost, high temperature composites resins. Therefore, composite resins such as epoxy, polyimide, and bismaleimide (BMI), offer excellent temperature performance at reasonable prices.

Moreover, growing use of high temperature composite resins in several medical and scientific devices is anticipated to boost the market demand. These resins possess the ability to withstand chemicals and extreme temperature used in the sterilization of devices. Therefore, its medical applications include stethoscope plates, MRI scanners, static dissipative x-ray, prosthetics, and other surgical devices as they are lightweight, non conductive, non magnetic and demonstrate high tensile strength.

High demand for high temperature composite resins from regional markets of North America and Europe to meet stringent regulations is set to offer opportunities for market growth over the years. However, high associated costs coupled with environmental and processing issues related to high temperature composite resins may hinder the market growth.

Some of the key companies operating in the industry include Sumitomo Bakelite Co., Ltd.; Huntsman International LLC; Hexcel Corporation; Hexion; DIC Corporation; Koninklijke Ten Cate bv; Arkema; Nexam Chemical AB; UBE Industries, Ltd.; Lonza; Solvay; Renegade Materials Corporation; among others.

High Temperature Composite Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. High temperature composite resin market – Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global high temperature composite resin market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.5.1. Rise in research and development activities to achieve optimization

3.5.2. Growing demand from diverse end use industries

3.6. Market dynamics

3.6.1. Market driver analysis

  3.6.1.1. Growing demand for high temperature thermoplastic resins

  3.6.1.2. Superior thermal performance of high temperature composite resins

  3.6.1.3. Rising use in transportation and aerospace industries

3.6.2. Market restraint analysis

   3.6.2.1. High associated costs

  3.6.2.2. Environmental and processing issues

3.6.3. Industry analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Competitive Analysis

4.2. PESTLE Analysis

4.3. Company Market Share Analysis

4.3.1. Competitive Factors

CHAPTER 5. Global High Temperature Composite Resin Market Size and Forecast (2014 – 2024)

5.1. Global High Temperature Composite Resin Market, By Resin Type (Kilo Tons) (USD Million)

5.1.1. Epoxy

5.1.2. Phenolic

5.1.3. Thermoplastic

5.1.4. Polyimide

5.1.5. Bismaleimide (BMI)

5.1.6. Cyanate Ester

5.1.7. Others

5.2. Global High Temperature Composite Resin Market, By Manufacturing Process (Kilo Tons) (USD Million)

5.2.1. Filament winding

   5.2.1.1. Helical winding

   5.2.1.2. Hoop winding

5.2.2. Lay-up

   5.2.2.1. Manual lay-up

   5.2.2.2. Prepreg lay-up

   5.2.2.3. Spray lay-up

   5.2.2.4. Automated lay-up

5.2.3. Resin transfer molding

5.2.4. Compression molding

   5.2.4.1. Resin injection molding

   5.2.4.2. Incremental

           5.2.4.3. Others

5.2.5. Injection molding

5.2.6. Pultrusion

5.2.7. Others

5.3. Global High Temperature Composite Resin Market, By End-Use (Kilo Tons) (USD Million)

5.3.1. Aerospace & defense

5.3.2. Building and construction

5.3.3. Transportation

5.3.4. Medical

5.3.5. Electrical and electronics

5.3.6. Marine

5.3.7. Others

CHAPTER 6. Global High Temperature Composite Resin Market Size and Forecast, By Region (2014 – 2024)

6.1. North America High Temperature Composite Resin Market (Kilo Tons) (USD Million)

6.1.1. North America High Temperature Composite Resin Market, By Resin Type (Kilo Tons) (USD Million)

6.1.2. North America High Temperature Composite Resin Market, By Manufacturing Process (Kilo Tons) (USD Million)

6.1.3. North America High Temperature Composite Resin Market, By End-Use (Kilo Tons) (USD Million)

6.1.4. North America High Temperature Composite Resin Market, By Country (Kilo Tons) (USD Million)

   6.1.4.1. The U.S.

   6.1.4.2. Canada

   6.1.4.3. Mexico

6.2. Europe High Temperature Composite Resin Market (Kilo Tons) (USD Million)

6.2.1. Europe High Temperature Composite Resin Market, By Resin Type (Kilo Tons) (USD Million)

6.2.2. Europe High Temperature Composite Resin Market, By Manufacturing Process (Kilo Tons) (USD Million)

6.2.3. Europe High Temperature Composite Resin Market, By End-Use (Kilo Tons) (USD Million)

6.2.4. Europe High Temperature Composite Resin Market, By Country (Kilo Tons) (USD Million)

   6.2.4.1. Germany

   6.2.4.2. U.K

   6.2.4.3. France

   6.2.4.4. Italy

   6.2.4.5. Rest of Europe

6.3. Asia-Pacific High Temperature Composite Resin Market (Kilo Tons) (USD Million)

6.3.1. Asia-Pacific High Temperature Composite Resin Market, By Resin Type (Kilo Tons) (USD Million)

6.3.2. Asia-Pacific High Temperature Composite Resin Market, By Manufacturing Process (Kilo Tons) (USD Million)

6.3.3. Asia-Pacific High Temperature Composite Resin Market, By End-Use (Kilo Tons) (USD Million)

6.3.4. Asia-Pacific High Temperature Composite Resin Market, By Country (Kilo Tons) (USD Million)

  6.3.4.1. China

  6.3.4.2. Japan

  6.3.4.3. India

  6.3.4.4. South Korea

  6.3.4.5. Rest of Asia-Pacific

6.4. Central & South America (CSA) High Temperature Composite Resin Market (Kilo Tons) (USD Million)

6.4.1. Central & South America (CSA) High Temperature Composite Resin Market, By Resin Type (Kilo Tons) (USD Million)

6.4.2. Central & South America (CSA) High Temperature Composite Resin Market, By Manufacturing Process (Kilo Tons) (USD Million)

6.4.3. Central & South America (CSA) High Temperature Composite Resin Market, By End-Use (Kilo Tons) (USD Million)

6.4.4. Central & South America (CSA) High Temperature Composite Resin Market, By Country (Kilo Tons) (USD Million)

   6.4.4.1. Brazil

   6.4.4.2. Rest of CSA

6.5. Middle East & Africa (MEA) High Temperature Composite Resin Market (Kilo Tons) (USD Million)

6.5.1. Middle East & Africa (MEA) High Temperature Composite Resin Market, By Resin Type (Kilo Tons) (USD Million)

6.5.2. Middle East & Africa (MEA) High Temperature Composite Resin Market, By Manufacturing Process (Kilo Tons) (USD Million)

6.5.3. Middle East & Africa (MEA) High Temperature Composite Resin Market, By End-Use (Kilo Tons) (USD Million)

6.5.4. Middle East & Africa (MEA) High Temperature Composite Resin Market, By Country (Kilo Tons) (USD Million)

   6.5.4.1. Saudi Arabia

   6.5.4.2. Israel

   6.5.4.3. South Africa

   6.5.4.4. Rest of MEA

CHAPTER 7. Key Players and Strategic Developments

7.1. Sumitomo Bakelite Co., Ltd.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. Huntsman International LLC.

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. Hexcel Corporation

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Hexion

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. DIC Corporation

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. Koninklijke Ten Cate bv

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. Arkema

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Nexam Chemical AB

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. UBE Industries, Ltd.

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. Lonza

7.10.1. Business Overview

7.10.2. Product and Service Offering

7.10.3. Financial Overview

7.10.4. Strategic Developments

7.11. Solvay

7.11.1. Business Overview

7.11.2. Product and Service Offering

7.11.3. Financial Overview

7.11.4. Strategic Developments

7.12. Renegade Materials Corporation

7.12.1. Business Overview

7.12.2. Product and Service Offering

7.12.3. Financial Overview

7.12.4. Strategic Developments

Global High Temperature Composite Resin Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024