High Temperature Resin Market to Register 4.44% CAGR to 2022, According to New M&M Report Published at MarketPublishers.com15 Dec 2016 • by Natalie Aster
LONDON – The worldwide market for high temperature resins is projected to gain traction registering a CAGR of 4.44% in the years to come to amount to USD 4.88 billion by 2026.
The extensive use of high temperature resins in place of mechanical fasteners in high end applications, growing application spheres, the expanding demand for thermoplastic resins in composite applications, and the soaring demand for high temperature composite resins in rail and aerospace interior applications are acting as drivers of the market growth.
However, higher priced high temperature composites, issues pertaining to recycling of high temperature thermoreactive resins, and regulations pertaining to the usage of hazardous chemicals, are hindering the sector’s growth.
Within the high temperature resin market, high temperature silicone resins are posting the fastest growth rate, as it has the intrinsic ability to hold out against long-term exposure to elevated temperatures than the majority of other adhesive substances & sealant compounds, composite chemistries, and paints and coatings.
The APAC high temperature adhesives market is registering the fastest growth, particularly led by countries like China, Korea, India, Vietnam, and Malaysia.
Solvay S.A., Hexion Inc., DIC Corporation, KGaA, Huntsman Corporation, Wacker Chemie AG, BASF SE, amongst others, are the dominant market players.
New research report “High Temperature Resin Market” elaborated by M&M offers a bird’s-eye view of the market on a global level, categorising it on the basis of type, application area, as well as by geography.
The research study examines the degree of market penetration; canvasses emerging technologies, R&A activities, and new product launches; sheds light on the market development across various regions and countries. Comprehensive details about lucrative emerging markets are included. The report uncovers extensive information on new products, recent developments, untapped geographic areas, and investments in the worldwide high temperature resin marketplace. The study sheds light on the drivers, restraints, opportunities, challenges. It gives detailed insights into the competitive scene alongside presenting profiles of the leading companies covering market shares, products, strategies, and manufacturing capabilities. Forecasts of the market development through 2021 are available, too.
More in-demand research reports by our partner are available at M&M page.