The Global High Temperature Resin Market is expected to witness significant demand over the forecast period. Material science in listing resins has termed it as a solid or highly viscous substance finding extensive use in polymer industry. Resins can be of two types viz: natural resins and synthetic resins that have numerous spin-offs such as polyamide resins, epoxy resins, polysulfide, and polyphthalamide. The important parameters to be considered when dealing with high temperature resin market are glass transition temperature, continuous use temperature, and heat deflection temperature.
High temperature resins are linear polymers that possess high glass transition temperature without exhibiting a significant transition in structural form. Their high temperature resistive property to degradation is legendary and finds significance in railway and defense applications. High-temperature resins are the innocuous elements in aerospace, defense, buildings, construction and marine. Composite resins employing high temperature resins are used to increase resistivity to smoke, fume emissions, and heat release. They are finding adoption in railway, miming construction, and defense where they are used as bulwark supports, bulkheads, flooring and doors and edges.
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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.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of High Temperature Resin in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
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
• Henkel AG & Co. KGaA
• Saudi Basic Industries Corporation (SABIC)
• Royal Tencate N.V.
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.
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.
Electronics comprising hardware is an integral component of medical equipment, Information Technology, Telecommunications and automobiles, and others; and hence induced growth is signified in the high-temperature resin market. Furthermore, India has long-term prospects in the aviation sector and propels growth in high –temperature resin market due to an intense need for epoxy resins as dedicated aerospace adhesives. Key market players in the high temperature resin market include Solvay, Huntsman Corporation, DuPont de Nemours and Company, Hexion, Mitsui Chemicals, DIC Corporation, Henkel AG and Company, Dow Corning Corporation, Wacker Chemie AG, Royal Tencate NV, and BASF SE.
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