Rising Packaging Application Fuels Demand For High Temperature Resins

The high-temperature resin has captured industry worth $3,560.6 million in 2021, and it is projected to generate 3.9% from 2021 to 2030, to generate $5,031.7 million revenue in 2030. It is ascribed to extreme temperature resistance and harsh environmental conditions. Since, they are effective substitutes for metals and ceramics, it has resulted in their growing adoption, and thus, propelling the industry growth.

Since, they are effective metal and ceramics substitutes, it has resulted in their rising adoption, and thus fuel the industry growth.

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The Epoxy category captures the significant share, and it is projected to capture $1,326.8 million revenue in 2030, ascribed to extreme corrosion resistant and negligible epoxy high-temperature resins outgassing.

Under the type segment, polyester resins are projected to experience the substantial rise in the high-temperature resin industry. These thermoplastic polymers are transparent, recyclable, possess high density, and excellent shatter and strength, as well as food and water resistance. Therefore, packaging material and manufacturing textiles are widely used.

Polyethersulfone resins are projected to capture the ideal revenue in the coming years. They are transparent, amorphous, flexural, and possess highly strong engineering plastic characteristics, with extreme heat and chemical resistance.

These resins are massively used for electrical or electronic applications, solenoid valve bodies, float switches, manifolds, dairy connectors, and petri dishes. Other applications of resin include medical components, food and beverage procession, and wastewater recovery.

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APAC holds the largest industry share, and it is projected to generate $1,986.4 million revenue in 2030, rising at a rate of 4.2% from 2021 to 2030. Other major factors that fuel the industry growth are consistent advancements in the construction sector, and rising urbanization rate in emerging economies such as India, Japan, and China.

Therefore, the demand for high temperature resins is projected to rise due to the expansion of the construction sector.

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This release was published on openPR.