High Temperature Composite Resin Market 2017 Global Analysis, Opportunities And Forecast To 2021

The report provides essential information including market data, segmentation, market size, key trends, M&A, product developments, industry forecasts, corporate intelligence, and other relevant information.

High Temperature Composite Resin Industry

Description

This report, from Stratview Research, studies the high temperature resin market in the global composites industry over the period 2010 to 2021. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.

The High Temperature Resin Market in the Global Composites Industry:

Highlights

The global high temperature composite resin market exhibits promising growth potential during the forecast period of 2016 to 2021. It is forecast to grow at an impressive CAGR of 7.4% over the next five years. Increasing use of composites in the structural applications of next generation aircraft, and high demand of fast curing resins for mass produced vehicles and longer wind blades are major growth drivers of the market.

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Aerospace & Defense industry is expected to remain the largest user of high temperature composite resins over the next five years. Most of the structural components of an aircraft, such as engine nose are exposed to a harsh environment, such as extreme heat and high velocity. Failure of a component can lead to the catastrophic failure of entire system and kill many human lives. High temperature resin excels the performance of composite parts and enhances parts’ ability to withstand extreme heat. Increasing annual production rate of composite rich aircraft, B787, A350XWB, and C Series are likely to maintain a healthy growth momentum for high temperature resin in the aerospace and defense industry.

Transportation is likely to experience the fastest growth during the forecast period. The stringent regulations set by government of many countries with respect to increasing the fuel efficiency or reduce carbon emissions is driving the use of advanced materials including composites. Composite are gaining traction in the critical areas of vehicle including chassis and under the hood applications.

In the overall composites industry, epoxy resin is the second largest resin type after unsaturated polyester resin as it offers several benefits, such as excellent inter-laminar shear strength, high impact resistance, high stiffness, high fatigue resistance, and high flexural strength. However, it is the most dominant resin type in the category of high temperature resin for composite applications. The resin is suitable for high performance applications, such as aerospace & defense, wind energy, and premium automotive vehicles. Other high temperature resins include BMI, Cyanate Ester, and thermoplastic resins.

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Prepreg lay-up process is expected to remain the largest process for manufacturing high temperature resins based composite parts. The process is the most widely preferred process for manufacturing of critical parts in the aerospace & defense industry where high temperature resin system is used. It is also suitable for many composite applications in the transportation and marine industries. Other manufacturing processes include filament winding, compression molding, injection molding, and resin infusion.

North America is expected to remain the largest market for high temperature composite resin over the next five years. The region is the world’s capital of the aerospace composite manufacturing with presence of several aerospace OEMs and tier players. The region is also likely to exhibit the fastest growth over the next five years, driven by increasing composites usage in the aerospace & defense and automotive industries and also sustained growth in the wind energy market.

The supply chain of this market comprises raw materials suppliers, resin manufacturers, distributors, parts molders, OEMs, and end users. The key high temperature resin manufacturers are Momentive (Hexion), Huntsman Corporation, Hexcel, Solvay (Cytec), Henkel AG & Co. KGaA, SABIC, and RTP Company. New product development, application development and process optimization are the key strategies adopted by the key players to gain competitive edge in the market.

Research Methodology

This report offers high quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 300 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 8 detailed primary interviews with the market players and industry experts across the value chain in all the four regions are usually executed to obtain both the qualitative and quantitative insights.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis

• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

• Market trend and forecast analysis

• Market segment trend and forecast

• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

• Attractive market segments and associated growth opportunities

• Emerging trends of the carbon brakes market

• Strategic growth opportunities for the existing and new players

• Key success factors

The High Temperature Composite Resin market is segmented into the following categories.

Global High Temperature Composite Resin Market by Resin Type:

• Epoxy Resin (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• BMI Resin (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Cyanate Ester (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Thermoplastic Resins (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Global High Temperature Composite Resin Market by End Use Industry Type:

• Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Marine (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

• Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

Continued...

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