Growth in the application areas, increasing demand for high temperature composites in the railway and defense applications, use of high temperature adhesives as a replacement for mechanical fasteners in high end applications, and the increasing demand for high temperature thermoplastic resins for composite applications is driving the global high temperature resin market.

Composites is the fastest growing application of the high temperature resin:

High temperature composites are used in various industries such as aerospace & defense, transportation, building & construction, and marine. High temperature resins are used in composites to increase resistivity to ignition and the reduction of smoke, fume emission, and heat release. These properties of high temperature resins in composites are driving their use in the rail, aerospace, and building & construction industries. In the aerospace & defense industry, they are used in sidewalls, ceilings, edges, bulkheads, flooring & doors, window reveals, seating, ducting, and latches.

Browse 112 market data tables and 54 figures spread through 162 pages and in-depth TOC on “High Temperature Resin Market by Type (Epoxy, Silicone, Acrylic, Polyester, Polyethersulfone, Alkyd, Polyurethane, Phenolic, Polyetheramide), Application (Adhesives & Sealants, Paints & Coatings, Composites), and Region - Global Forecast to 2026”

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High temperature epoxy resins are widely used for protective coatings due to the superior properties, such as high adhesion, impact resistance, flexibility, chemical and solvent resistance, and others. High temperature epoxy resins offer a unique combination of adhesion, chemical resistance, and physical properties that provide high protection against severe corrosive environments.

Forecasts:

High temperature resins are those resins which perform normally at temperatures higher than 150˚C. These resins are used in end-use industries where high mechanical performance is required. These include automotive & transportation, aerospace & defense, electrical & electronics, industrial, marine, and building & construction. High temperature resins are used in these industries in the form of adhesives & sealants, paints & coatings, and composites.

The market for the high temperature epoxy resins was the largest in terms of volume in 2015. High temperature epoxy resins are widely used for protective coatings due to the superior properties, such as high adhesion, impact resistance, flexibility, chemical and solvent resistance, and others. High temperature epoxy resins offer a unique combination of adhesion, chemical resistance, and physical properties that provide high protection against severe corrosive environments.

The Asia-Pacific region is expected to grow at the fastest rate in the global high temperature resin market, in terms of value and volume, from 2016 to 2021. The increasing demand from emerging economies, such as China and India, and the increased sales of high-end vehicles, and electrical & electronics appliances, are expected to drive the growth of the Asia-Pacific high temperature resin market. China, India, and Thailand are major hubs of automotive production, which require the use of the high temperature resin in the manufacture of adhesives for these applications.

Currently, China is the world’s largest consumer of the high temperature resin in terms of volume with many leading players investing in the country to establish new manufacturing facilities. The growth of the high temperature resins market in China is driven by foreign investments, cost-effective labor, and the availability of inexpensive raw material. The electronics industry is the largest in the country with double digit growth, annually. Due to the high exports and trade agreements, China’s marine industry is growing at a high rate, which is also a key end-user industry of the high temperature adhesive resin.


Major Key Players:

Key companies such as Solvay S.A. (Belgium), Huntsman Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), Hexion Inc. (U.S.), Mitsui Chemicals Inc. (Japan), DIC Corporation (Japan), Henkel AG & Co., KGaA (Germany), Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Royal Tencate N.V. (Netherlands), and BASF SE (Germany) are profiled in this report.

Henkel AG & Co. KGaA is a global market leader in the adhesives business. The company has a strong global position and is expected to retain its market share in the near future by pursuing strategies such as joint ventures and new product launches to cater to the changing customer requirements. To keep up with the on-going trend of developing products that reduce volatile organic compounds (VOCs) and toxicity, the company has introduced solvent-free assembly adhesives with improved performances. In October 2014, Henkel launched a new product, the Loctite Benzoxazine (BZ) composites family, which includes prepregs, infusion resins, film adhesives, and tooling materials. The major application of this new product series is found in the aerospace & defense industry. Similarly in September 2013, Henkel launched Loctite MAX 3, a polyurethane matrix resin with application in the automotive & transportation industry.