High Temperature Resin Market - Forecast(2023 - 2028)
High Temperature Resin Market Overview
High Temperature Resin Market size is forecast to reach $4.9 billion by 2026, after
growing at a CAGR of 5.2% during 2021-2026. High Temperature Resin is the
thermosetting or thermoplastic polymers which are used in high temperature
application as sealants, adhesives, connector, insulator, and others. The high
temperature resins are excellent heat resistant, low thermal expansion, solvent
solubility, and structural capability, resistant to burning, chemical and
radiation resistant and have great mechanical properties. Standard thermoset
polyurethanes can resist temperatures ranging from -80 to 200 degrees
Fahrenheit. Some polyurethane chemistries, on the other hand, may withstand
temperatures as high as 300°F. Polyethersulfone (PES) are a type of
high-temperature thermoplastic. Polyethersulfone (PES) is a strong contender
for meeting FAA criteria for aircraft interior parts because of its low
flammability and minimal smoke output. The growth in the market is due to the
increase in the usage of high temperature resin in various sectors like, electrical
and electronics, medical, automotive and others.
COVID-19 Impact:
Thermoset resin is used as a
matrix with fibres such as glass fibre, carbon fibre, natural fibre, and others
in thermoset composites. Thermoset resins are currently frequently utilised for
composite fabrication because they are liquid at ambient temperatures when
uncured. This unique property of thermoset resin enables for easy reinforcing
fibre impregnation. Composites are widely used in the aircraft sector.
Composites have risen to prominence in the aerospace and defence industries as
a result of growing environmental concerns and the search for high-strength,
light-weighting materials to improve fuel efficiency. The entire aerospace and
defence industries has been thrown into chaos by the COVID-19 epidemic. Most
airlines, as well as OEMs and their suppliers in the aircraft production
ecosystem, appear to be facing a significant drop in revenue and cash flow. The
composite demand in aircraft manufacture will be hurt the most by this massive
impact on material suppliers.
Report Coverage
The report: “High Temperature Resin Market - Forecast
(2021-2026)”, by IndustryARC, covers an in-depth analysis of the following
segments of the High Temperature Resin Industry.
By Type: Thermoset Resin (Epoxy, Phenolic, Silicones, Polyimides, Cyanate Esters,
Polybenzoxazines and Bismaleimides) and Thermoplastic Resin (Amorphous
(Polysulfones (PS), Polyetherimides (PEI), Polyphenylsulfone and Others) and
Semi Crystalline (Polyphenylene Sulfide (PES), Liquid Crystal Polymer (LCP),
Polyether ether ketone (PEEK), Polyphthalamide and Others)).
By Application:
Adhesives
& Sealants, Paints & Coatings, Heat Exchanger parts, Connectors and
Couplers, Electrical Insulation, Casting and Others.
By
End Use: Electrical and Electronics, Automotive, Medical, Aerospace
& Defense, Industrial and Others.
By
Geography: North America (U.S, Canada and Mexico), Europe (UK, France, Germany,
Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China,
Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan,
Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile,
Rest of South America), and RoW (Middle East and Africa).
Key Takeaways
- North America dominates the High Temperature Resin Market owing to rapid increase in automotive and industrial applications.
- The market drivers and restraints have been assessed to understand their impact over the forecast period.
- The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
- The other key areas of focus include the various applications and end use industry in High Temperature Resin Market and their specific segmented revenue.
- Due to the COVID-19 pandemic, most of the countries have gone under temporary shutdown, due to which operations of High Temperature Resin Market related industries has been negatively affected, thus hampering the growth of the market.
Figure: High Temperature Resin Market Revenue, 2020-2026 (US$ Billion)
![High Temperature Resin Market Revenue](https://i.imgur.com/JBzXb0H.png)
High Temperature Resin Market Segment Analysis
- By Type
Thermoset Resins held the largest
share of 44% in the High Temperature Resin Market in 2020. Epoxy and Silicones
are holding the market for the high temperature market. Epoxies are high
performance resins which are used in every industry because of good heat,
corrosion resistance, great bond performance and reasonable price. The raisin
has a three-dimensional network of cross linking and hence has great finishing,
excellent adhesion, tailored elasticity, and great strength. Silicones are the
man-made elastomers to produce an advantage over natural rubber by combining
the heat resistance with cold performance.
High Temperature Resin Market Segment Analysis - By Application
Adhesives
& Sealants held the largest share of 38% in the High Temperature Resin
Market in 2020. This rise is mainly due to the growing demand for adhesives
and sealants in metals, ceramics, plastics, and composites. The growing use of
adhesives and sealants in different industries like automobiles, aerospace,
electronics, medical and other industrial applications. Adhesives &
Sealants are also used in the paints, coatings, and woodworking industries for
different purposes. Urbanization with a large network of connections has
contributed to an increase in demand and material and adhesives requirements. Many companies are spending lot in research and
development in order to generate the new cutting-edge processing aids and
provide a smarter way for using high temperature resins.
High Temperature Resin Market
Segment Analysis - By End Use
Aerospace
& Defense Sector held the largest share in the High Temperature Resin
Market in 2020 with a CAGR of 5.5% during the forecast period of 2021-2026. The
rise in demand in aerospace sector is due to the use of high temperature resin
in the manufacturing of different components like engine components, exterior
and interior of the aircrafts, making of missiles and satellites and others.
The growth is also in the automobile sector in which the high temperature
resins are used in order to reduce the weight of the material and enhance the
performance. Thus, flourishing aerospace & defense and automobile
industries may drive the growth of the High Temperature Resin Market.
High Temperature Resin Market Segment Analysis - Geography
North America dominated the High Temperature Resin Market in the year 2020 with a market share of 40% followed by Europe and Asia Pacific. The North America region is dominating because of the rise in the aerospace and defense industry in the region. North America is also a hub for the development and innovation of the space vehicles which uses high temperature resins. North America’s investment in defense and development is booming the market. Currently, the High Temperature Resin industry has been affected due to COVID-19 pandemic where most of the industrial activity has been temporarily shut down. In in turn has affected the demand and supply chain as well which has been restricting the growth in year 2021.
High Temperature
Resin Market Drivers
Rise in Demand for high temperature resin in automobiles
Industrialization
has led to the increase in demand for high temperature resin in various
industries for different purposes. The use of high temperature resins is used
in the automobiles because they improve the resistance to higher ignition.
These are used to withstand the specific temperature range. Because of the higher temperature range the
use of higher temperature resin is also increasing in other industries like
medical, transportation, electronics, and others.
High Temperature Resin Market Challenges
High production cost and environmental damage
Innovation is the
key to developing new products and hence the high temperature resin is the
outcome of it. The use of cutting-edge technology for making of the high
temperature resin is increasing the cost. Also, many of the high temperature
resins are not recyclable and hence are harmful for the environment and hence
is causing a challenge in high temperature resin market.
High Temperature Resin Market Landscape
Technology launches,
acquisitions and R&D activities are key strategies adopted by players in
the High Temperature Resin Market. Major players in the High Temperature Resin
Market are Henkel AG, KGaA, Dow Corning Corporation, BASF SE, Mitsui Chemicals
Inc., Solvay S.A., Huntsman Corporation, DIC Corporation, Saudi Arabia Basic
Industries Corporation, Wacker Chemie AG, Royal Tencate N.V., and Others.
Acquisitions/Technology Launches/ Product Launches
- In February 2019, Teijin Holding USA Inc. acquired Renegade a leading supplier of highly heat resistant thermoset prepreg, to expand its carbon fiber intermediate business for aerospace applications.
Related Reports:
High-Temperature
Composite Resin Market – Forecast (2021 - 2026)
Report
Code: CMR 79052
High
Temperature Coatings Market – Forecast (2021 - 2026)
Report
Code: CMR 0316
Epoxy
Resin Market – Forecast (2021 - 2026)
Report
Code: CMR 0656
For more Chemicals and Materials Market reports - Please click here
LIST OF TABLES
1.Global High Temperature Resin Market By Type Market 2019-2024 ($M)1.1 Types of High Temperature Resin Market 2019-2024 ($M) - Global Industry Research
1.1.1 Epoxy Market 2019-2024 ($M)
1.1.2 Silicone Market 2019-2024 ($M)
1.1.3 Acrylic Market 2019-2024 ($M)
1.1.4 Polyester Market 2019-2024 ($M)
1.1.5 Polyethersulfone Market 2019-2024 ($M)
1.1.6 Alkyd Market 2019-2024 ($M)
1.1.7 Polyurethane Market 2019-2024 ($M)
1.1.8 Phenolic Market 2019-2024 ($M)
1.1.9 Polyetheramide Market 2019-2024 ($M)
1.2 High Temperature Resin for Adhesives & Sealants Application Market 2019-2024 ($M) - Global Industry Research
1.3 High Temperature Resin for Paints & Coatings Application Market 2019-2024 ($M) - Global Industry Research
1.4 High Temperature Resin for Composites Market 2019-2024 ($M) - Global Industry Research
2.Global High Temperature Resin Market By Type Market 2019-2024 (Volume/Units)
2.1 Types of High Temperature Resin Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Epoxy Market 2019-2024 (Volume/Units)
2.1.2 Silicone Market 2019-2024 (Volume/Units)
2.1.3 Acrylic Market 2019-2024 (Volume/Units)
2.1.4 Polyester Market 2019-2024 (Volume/Units)
2.1.5 Polyethersulfone Market 2019-2024 (Volume/Units)
2.1.6 Alkyd Market 2019-2024 (Volume/Units)
2.1.7 Polyurethane Market 2019-2024 (Volume/Units)
2.1.8 Phenolic Market 2019-2024 (Volume/Units)
2.1.9 Polyetheramide Market 2019-2024 (Volume/Units)
2.2 High Temperature Resin for Adhesives & Sealants Application Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 High Temperature Resin for Paints & Coatings Application Market 2019-2024 (Volume/Units) - Global Industry Research
2.4 High Temperature Resin for Composites Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America High Temperature Resin Market By Type Market 2019-2024 ($M)
3.1 Types of High Temperature Resin Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Epoxy Market 2019-2024 ($M)
3.1.2 Silicone Market 2019-2024 ($M)
3.1.3 Acrylic Market 2019-2024 ($M)
3.1.4 Polyester Market 2019-2024 ($M)
3.1.5 Polyethersulfone Market 2019-2024 ($M)
3.1.6 Alkyd Market 2019-2024 ($M)
3.1.7 Polyurethane Market 2019-2024 ($M)
3.1.8 Phenolic Market 2019-2024 ($M)
3.1.9 Polyetheramide Market 2019-2024 ($M)
3.2 High Temperature Resin for Adhesives & Sealants Application Market 2019-2024 ($M) - Regional Industry Research
3.3 High Temperature Resin for Paints & Coatings Application Market 2019-2024 ($M) - Regional Industry Research
3.4 High Temperature Resin for Composites Market 2019-2024 ($M) - Regional Industry Research
4.South America High Temperature Resin Market By Type Market 2019-2024 ($M)
4.1 Types of High Temperature Resin Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Epoxy Market 2019-2024 ($M)
4.1.2 Silicone Market 2019-2024 ($M)
4.1.3 Acrylic Market 2019-2024 ($M)
4.1.4 Polyester Market 2019-2024 ($M)
4.1.5 Polyethersulfone Market 2019-2024 ($M)
4.1.6 Alkyd Market 2019-2024 ($M)
4.1.7 Polyurethane Market 2019-2024 ($M)
4.1.8 Phenolic Market 2019-2024 ($M)
4.1.9 Polyetheramide Market 2019-2024 ($M)
4.2 High Temperature Resin for Adhesives & Sealants Application Market 2019-2024 ($M) - Regional Industry Research
4.3 High Temperature Resin for Paints & Coatings Application Market 2019-2024 ($M) - Regional Industry Research
4.4 High Temperature Resin for Composites Market 2019-2024 ($M) - Regional Industry Research
5.Europe High Temperature Resin Market By Type Market 2019-2024 ($M)
5.1 Types of High Temperature Resin Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Epoxy Market 2019-2024 ($M)
5.1.2 Silicone Market 2019-2024 ($M)
5.1.3 Acrylic Market 2019-2024 ($M)
5.1.4 Polyester Market 2019-2024 ($M)
5.1.5 Polyethersulfone Market 2019-2024 ($M)
5.1.6 Alkyd Market 2019-2024 ($M)
5.1.7 Polyurethane Market 2019-2024 ($M)
5.1.8 Phenolic Market 2019-2024 ($M)
5.1.9 Polyetheramide Market 2019-2024 ($M)
5.2 High Temperature Resin for Adhesives & Sealants Application Market 2019-2024 ($M) - Regional Industry Research
5.3 High Temperature Resin for Paints & Coatings Application Market 2019-2024 ($M) - Regional Industry Research
5.4 High Temperature Resin for Composites Market 2019-2024 ($M) - Regional Industry Research
6.APAC High Temperature Resin Market By Type Market 2019-2024 ($M)
6.1 Types of High Temperature Resin Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Epoxy Market 2019-2024 ($M)
6.1.2 Silicone Market 2019-2024 ($M)
6.1.3 Acrylic Market 2019-2024 ($M)
6.1.4 Polyester Market 2019-2024 ($M)
6.1.5 Polyethersulfone Market 2019-2024 ($M)
6.1.6 Alkyd Market 2019-2024 ($M)
6.1.7 Polyurethane Market 2019-2024 ($M)
6.1.8 Phenolic Market 2019-2024 ($M)
6.1.9 Polyetheramide Market 2019-2024 ($M)
6.2 High Temperature Resin for Adhesives & Sealants Application Market 2019-2024 ($M) - Regional Industry Research
6.3 High Temperature Resin for Paints & Coatings Application Market 2019-2024 ($M) - Regional Industry Research
6.4 High Temperature Resin for Composites Market 2019-2024 ($M) - Regional Industry Research
7.MENA High Temperature Resin Market By Type Market 2019-2024 ($M)
7.1 Types of High Temperature Resin Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Epoxy Market 2019-2024 ($M)
7.1.2 Silicone Market 2019-2024 ($M)
7.1.3 Acrylic Market 2019-2024 ($M)
7.1.4 Polyester Market 2019-2024 ($M)
7.1.5 Polyethersulfone Market 2019-2024 ($M)
7.1.6 Alkyd Market 2019-2024 ($M)
7.1.7 Polyurethane Market 2019-2024 ($M)
7.1.8 Phenolic Market 2019-2024 ($M)
7.1.9 Polyetheramide Market 2019-2024 ($M)
7.2 High Temperature Resin for Adhesives & Sealants Application Market 2019-2024 ($M) - Regional Industry Research
7.3 High Temperature Resin for Paints & Coatings Application Market 2019-2024 ($M) - Regional Industry Research
7.4 High Temperature Resin for Composites Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US High Temperature Resin Market Revenue, 2019-2024 ($M)2.Canada High Temperature Resin Market Revenue, 2019-2024 ($M)
3.Mexico High Temperature Resin Market Revenue, 2019-2024 ($M)
4.Brazil High Temperature Resin Market Revenue, 2019-2024 ($M)
5.Argentina High Temperature Resin Market Revenue, 2019-2024 ($M)
6.Peru High Temperature Resin Market Revenue, 2019-2024 ($M)
7.Colombia High Temperature Resin Market Revenue, 2019-2024 ($M)
8.Chile High Temperature Resin Market Revenue, 2019-2024 ($M)
9.Rest of South America High Temperature Resin Market Revenue, 2019-2024 ($M)
10.UK High Temperature Resin Market Revenue, 2019-2024 ($M)
11.Germany High Temperature Resin Market Revenue, 2019-2024 ($M)
12.France High Temperature Resin Market Revenue, 2019-2024 ($M)
13.Italy High Temperature Resin Market Revenue, 2019-2024 ($M)
14.Spain High Temperature Resin Market Revenue, 2019-2024 ($M)
15.Rest of Europe High Temperature Resin Market Revenue, 2019-2024 ($M)
16.China High Temperature Resin Market Revenue, 2019-2024 ($M)
17.India High Temperature Resin Market Revenue, 2019-2024 ($M)
18.Japan High Temperature Resin Market Revenue, 2019-2024 ($M)
19.South Korea High Temperature Resin Market Revenue, 2019-2024 ($M)
20.South Africa High Temperature Resin Market Revenue, 2019-2024 ($M)
21.North America High Temperature Resin By Application
22.South America High Temperature Resin By Application
23.Europe High Temperature Resin By Application
24.APAC High Temperature Resin By Application
25.MENA High Temperature Resin By Application
26.E.I. Dupont De Nemours & Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Solvay S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.DIC Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Henkel AG & Co. KGaA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Saudi Basic Industries Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Royal Tencate N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Huntsman Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Mitsui Chemicals Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Wacker Chemie AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.DOW Corning Corporation., Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Hexion Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)