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  • High Temperature Composite Resin Market Worth 1,180.8 Million USD by 2023

     



    (EMAILWIRE.COM, March 14, 2019 ) The report "High Temperature Composite Resin Market by Resin Type (Phenolic, Epoxy, Thermoplastic, Polyimide, Cyanate Ester), Manufacturing Process, End-use Industry (Aerospace & Defense, Transportation, Electrical & Electronics), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the High Temperature Composite Resin Market is estimated at USD 753.5 million in 2018 and is projected to reach USD 1,180.8 million by 2023, at a CAGR of 9.4% between 2018 and 2023.

    Request for free customization of report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=208638888

    The High Temperature Composite Resin Market is driven by the increasing demand for high temperature composites from industries such as aerospace & defense, transportation, and electrical & electronics. In addition, the introduction of stringent safety standards in public transportation, CAFE norms, and increasing demand for thermal- and FST-resistant composite resins from rail & aircraft interiors and aircraft and automobile engines is also driving the demand for these resins.

    Lay-up was the largest manufacturing process of the market in 2018.

    The lay-up process includes hand lay-up, spray-up, automated tape laying, and automated fiber placement processes, and is the leading manufacturing process for high temperature composite resins in terms of value, owing to the developed aerospace & defense industry and recovery of the marine industry globally. This process is used for designing simple enclosures and lightly loaded structural panels because it provides orientation of fibers that can be controlled as needed so that they can absorb maximum stresses to which they are subjected.

    Aerospace & defense is estimated to be the largest end-use industry segment of the High Temperature Composite Resin Market in 2018.

    The demand for lightweight and thermal resistant parts has given an edge to high temperature composite resins due to its improved properties and reduced curing time. The increased use of high temperature composite components in interiors, engine parts, and outer structures of aircraft, missiles, and satellites is driving the growth of the High Temperature Composite Resin Market. The use of high temperature composite resin composite resin in interior components of aircraft leads to the production of lightweight aircraft with improved engine efficiency, reduction in CO2 emissions, and superior performance. It also enables aircraft manufacturers to meet public safety norms.

    Don't miss out on business opportunities in High Temperature Composite Resin Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=208638888
    Browse in-depth TOC on "High Temperature Composite Resin Market”
    65 - Market Data Tables
    43 - Figures
    123 - Pages

    North America is estimated to be the largest market for high temperature composite resin in 2018.

    The North American region is expected to be the fastest-growing market for high temperature composite resins globally between 2018 and 2023 due to the increased demand from aerospace & defense and transportation industries. Stringent safety regulations in this region, especially in the US, have helped the High Temperature Composite Resin Market to grow in the transportation and aerospace & defense application segment. The demand for high temperature composite resins in aerospace & defense is high owing to the presence of the largest aircraft manufacturers Boeing and Lockheed Martin in the country. The use of high temperature composite resins in fighter jets is rising significantly in the region owing to the high defense budget of the US.

    Some of the key players operating in the High Temperature Composite Resin Market include Huntsman International (US), Hexion (US), Hexcel Corporation (US), Royal TenCate (Netherlands), Sumitomo Bakelite (Japan), and Arkema (France). These players have adopted various organic and inorganic strategies over the last five years to achieve growth in the High Temperature Composite Resin Market.

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    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


    MarketsandMarkets™

    Mr. Shelly Singh

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    sales@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

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