Press release
High Temperature Resin Market 2022: Outlook, Key Players, Share, Driving Factors, Challenges
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Global High Temperature Resin market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• E.I. Dupont De Nemours and Company
• Solvay S.A.
• BASF SE
• DIC Corporation
• And Other
The burgeoning growth in railway, defense and aerospace industries, chemical bonding properties or adhesive bonds of resin adding immense durability seeks application as mechanical fasteners in high-end industries and high-temperature resins finding use in composite applications are interpreted as significant drivers to the market. Segmentation of high-temperature resins by type leads into epoxy, polyester, thermoplastic, and others. On the basis of manufacturing, the market is differentiated into lay-up, filament winding, injection molding, protrusion, compression molding, and the other processes.
On the basis of applications, the market is further divided into transportation, aerospace and defense, building and construction, marine and the other applications. On the basis of regions, the market is segmented into North America, Europe, Asia Pacific, MEA, and Latin America. Epoxy resin market is bound to grow in the forecast period due to the positive impact of industrialization. Epoxy resins display superb adhesive properties at high temperatures and exhibit impact resistance, resistance to chemical reactions, and resistance to solvents.
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Epoxy
• Silicone
• Acrylic
• Others
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of High Temperature Resin for each application, including
• Adhesives & Sealants
• Paints & Coatings
• Composites
Epoxy resins are an amalgamation of fine physical properties that offer protection against severe corrosive environments. Hence, they find wide industrial applications in oil refineries, chemical plants, and marine equipments such as offshore drilling platforms and merchant navy ships. Developing countries like India are expected to register exponential growth in the forecast period due to rapid industrialization and urbanization. A key area of application for high-temperature resin market is the high-profile electronics industry that is predicted to register double digit growth in the forecast period.
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