One of the major trends identified in the global high temperature resin market is focus of manufacturers on the development of advanced high-performance resin components, user-friendly materials, and recyclable material forms. Additionally, the strict safety regulations governing vehicle transport will further encourage the resin demand in the automotive sector, creating new opportunities for the market on a global scale in the future. Asia-Pacific (APAC) is estimated to be the most lucrative market for these resins as the electronics industry is flourishing, and urbanization and industrialization activities are increasing in the region.
High temperature resin is linear or crosslinked, aromatic/heterocyclic polymer possessing high glass transition temperature and having the ability to withstand continuous exposure in air at a temperature above 316 °C (600 °F), without unveiling substantial loss of structural integrity.
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These resins are used in various industries, including transportation, aerospace and defense, marine, and building and construction. These resins are extensively used in the transportation and building and construction industries, owing to high resistivity to ignition and reduced smoke, heat release, and fume emission. These resins are used as an alternative to mechanical fasteners in various industrial sectors such as automotive, transportation, and industrial machinery.
By resin type, the high temperature resin market can be classified into epoxy, acrylic, silicone, polyester, polyethersulfone, polyetheramide, alkyd, polyurethane, and phenolic. Among these, epoxy is widely used as a high temperature resin as it has superior properties, including high adhesion, impact resistance, flexibility, and chemical and solvent resistance.
Geographically, the high temperature resin market is categorized into North America, Europe, APAC, the Middle East and Africa (MEA), and Latin America (LATAM). Among these, APAC is expected to be the fastest growing market during the forecast period. Robust growth in automotive manufacturing and high investment in infrastructural development are the main growth driver for the market in the region. Thus, these factors are allowing major players to shift their focus from developed nations to developing nations of the APAC region, such as China, India, and Thailand, which in turn, will also augment the market growth during the forecast period.
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High Temperature Resin Market Competitive Landscape
Some of the major players operating in the global high temperature resin market are Huntsman Corporation, Hexion Inc., Mitsui Chemicals Inc., Solvay S.A., Royal Tencate N.V., DuPont Inc., Wacker Chemie AG, DIC Corporation, Henkel AG & Co., KGaA, The Dow Chemicals Company, and BASF SE.
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada France, Russia, the U.K., Italy, Spain, Japan, China, India, South Korea, Brazil, and Mexico.
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