Lucintel Forecasts High Temperature Composite Resin Market To Reach $1 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the high temperature composite resin market is projected to reach an estimated $1 billion by 2030 at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by increasing demand for thermally stable materials in different end use industries, which requires parts that are lightweight and offer high heat resistance.
Browse 134 figures/charts and 97 tables in this 211-page report to understand trends, opportunities and forecast in high temperature composite resin market by end use (aerospace & defense, pipe & tank, electrical/electronics, and others), resin (epoxy, vinyl ester, phenolic, BMI, cyanate ester, PEEK, others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that pipe and tank will remain the largest end use segment over the forecast period. Aerospace and defense and is expected to witness the highest growth due to its high mechanical properties such as. reduced vehicle weight translates into better fuel economy lower emissions, and reduce weight by as much as 35% as compared to steel in many applications.
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... Epoxy resin high temperature composite resin will remain the largest resin over the forecast period due to its wide application area in aerospace & defense and pipe and tank.
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Asia Pacific is expected to remain the largest region over the forecast period due to due to increasing demand and adoption of composite materials in various commercial and military aircraft.
Solvay Group, Hexion Inc., Toray Advance Composites, Lonza Group AG, Huntsman Corporation, Polynt-Reichhold, Ashland Inc, AOC, Swancor Ind. Co Ltd. are the major supplier in the high temperature composite resin market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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