High-Temperature Composite Resin Market is Forecasted to Reach US$ 187.0 million in 2025, Says Stratview Research

The global High-Temperature Composite Resin Market is projected to witness a growth rate of 6.1% annually from 2020 to 2025, with an anticipated size of US$ 187.0 million in 2025, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global High-Temperature Composite Resin Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/186/high-temperature-composite-resin-market.html#form

Report Highlights: `
Market Size in 2025: US$ 187.0 million
Growth (CAGR): 6.1% during 2020-2025
Forecast Period: 2020-2025
Trend Period: 2014-2018
Base Year: 2019
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the High-Temperature Composite Resin Market:
The global High-Temperature Composite Resin Market is segmented by resin type, end-use industry type, manufacturing process type and region

Based on resin type: The high-temperature composite resins market is segmented as BMI, Cyanate Ester, Polyimide resin is likely to remain the largest in terms of value over the next five years, with a market share of more than 50% during the forecast period. It is highly used in military aircraft engines as well as airframe applications, nacelles of business jet engines, tooling prepreg, and hot-air ducts.
Polyimide resin is likely to remain the largest in terms of value over the next five years, with a market share of more than 50% during the forecast period.
Polyimide composite parts can withstand continuous use up to 315°C (600°F) and intermittent use up to 480°C (900°F) and exhibit extremely high dimensional stability at elevated temperatures.

Based on end-use industry type: The market is segmented based on the end-use industry types as Aerospace & Defense, Transportation, and Others. Aerospace & Defense is likely to remain the most dominant segment during the forecast period, with a market share of more than 90% during the forecast period. Increasing production rates of high-temperature composite-rich fighter aircraft F-35 (Joint Strike Fighter) is likely to create an impetus in the demand for high-temperature composites in the industry. Lockheed Martin announced it has experienced a 40% increase in deliveries of F-35 aircraft in 2018 over the previous year. The company is likely to further increase its annual deliveries from 91 aircraft in 2018 to an expected delivery of 160 aircraft in 2023. Another key application area of high-temperature composite resin is the tooling prepreg where BMI is gaining traction.

Based on manufacturing process type: The high-temperature composite resins market is segmented as Prepreg Layup, RTM, and Others. Prepreg layup is expected to remain the dominant process for manufacturing composite parts made using high-temperature composite resins. The process is the most widely preferred process for manufacturing critical parts in the aerospace & defense industry, where high-temperature resin systems are used. Prepreg layup offers various advantages, such as consistent material properties, high fiber volume, flexibility in fiber orientation, low-void content, and easy-to-operate on complicated shapes.
To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis North America is projected to remain the largest market during the forecast period, with a market share of more than 50% during the forecast period. This growth outlook is majorly attributed to the following-
• Driven by the world's leading aircraft OEMs, aero-engine manufacturers, tier players, and material suppliers.
• The USA is the growth engine of the region's market. Lockheed Martin has opened a new manufacturing facility to produce its high-geocomposite-rich F-35 aircraft in Pinellas Park, Florida, the USA, to raise the existing production rate. There is a current US government inventory objective of 2,456 F-35 aircraft for the U.S. Air Force, U.S. Marine Corps, and U.S. Navy; commitments from our eight international partners, and three international customers; as well as expressions of interest from other countries.
• Europe is projected to remain the second-largest market for high-temperature composite resins during the forecast period. Dassault Aviation, BAE Systems, and Airbus Group are some of the key OEMs in the region, which are driving the demand for high-temperature composite resins in the European market.

High-Temperature Composite Resin Market Drivers:
• High-temperature resins have a long history in the composites industry with their usage in military and commercial aircraft engines.
• Nowadays, the composite stakeholders are betting on these resin technologies in other sections including airframes and other hot sections.
• Increasing penetration of composites in the aerospace and automotive industries coupled with a greater demand for high-temperature composites, increasing production rates of high-temperature composite-rich F-35 aircraft, and superior performance benefits of high-temperature resins are the key factors proliferating the growth of the market.
• High-temperature resin excels in the performance of composite parts and enhances the part's ability to withstand extreme heat and harsh environmental conditions.
• Also, the resin performs better under fatigue than more brittle ceramics and is lighter than metals; therefore, the manufacturers have started adopting high-temperature resins instead of using ceramics and exotic metals.
• An aircraft engine is one of the biggest application areas of high-temperature composite resins as it is prone to extreme temperature and heat environments.

Top 10 Companies in the High-Temperature Composite Resin Market:
Stratview Research has identified the following companies as the top market players:
• Hexcel Corporation
• Lonza Group
• Renegade Materials Corporation (a part of Teijin Ltd.).
• Solvay S.A.
• Toray Advanced Composites (TenCate Advanced Composites)

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the High-Temperature Composite Resin Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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• Composite Preforms Market: http://www.stratviewresearch.com/96/composite-preforms-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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