High Temperature Composite Resin Market worth 835.2 Million USD by 2020


Posted May 20, 2016 by pmahamulkar7

The global ‘High Temperature Composite Resin’ market is projected to reach USD 835.2 Million by 2020

 
The report, "High Temperature Composite Resin Market by Resin Type (Phenolic, Epoxy, Polyester, Thermoplastic Resin, and Others), by Composite Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, and Others), by Application (Transportation, Aerospace & Defense, Building & Construction, Marine, and Others), and by Region - Trends and Forecasts to 2020".

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Key Content Of This Market
Browse 74 market data Tables and 47 Figures spread through 131 Pages and in-depth TOC on "High Temperature Composite Resin Market by Resin Type (Phenolic, Epoxy, Polyester, Thermoplastic Resin, and Others), by Composite Manufacturing Process (Layup, Filament Winding, Injection Molding, Pultrusion, Compression Molding, and Others), by Application (Transportation, Aerospace & Defense, Building & Construction, Marine, and Others), and by Region - Trends and Forecasts to 2020"

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Increase in the demand for high temperature composite resin from the transportation industry

The demand for lightweight transportation parts has given an edge to composite resin due to its improved properties and reduced curing time. The increased use of composite components in the interior application of high speed, monorail, metro, trams, intercity, commuter rails and so on are driving the growth of the high temperature composite resin market. The use of high temperature composite resin in interior components of rail, automotive, and other heavy vehicles, not only leads to the production of lightweight vehicles, improved engine efficiency, reduction in CO2 emissions, and superior performance, but also enable the vehicle manufacturers to meet public safety norms.

Lay-Up process: The leading composite manufacturing process for high temperature composite resin by value

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

North America is the key region for high temperature composite resin market

The North American region is expected to be the fastest-growing market for high temperature composite resin market, globally between 2015 and 2020 due to the increased demand from aerospace & defense and transportation industries. Stringent safety regulations in this region especially in the U.S. have helped the high temperature composite resin market to grow in the transportation and aerospace & defense application segment. Also, the demand for high temperature composite resin in aerospace & defense is high owing to the presence of the largest aircraft manufacturer Boeing in the country. Boeing already has planned to increase its Boing-737 and Boing-787 production rates that use significant amount of high temperature composite resin for interior application.

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Markets and Markets
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Categories Business
Last Updated May 20, 2016