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High Temperature Resin Market worth $4.88 Billion by 2026

 

The Global High Temperature Resin Market is estimated to be valued at USD 3.16 Billion in 2016, and is projected to reach USD 4.88 Billion by 2026, at a CAGR of 4.44% from 2016 to 2026.

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, Polyether sulfone, Alkyd, Polyurethane, Phenolic, Polyetheramide), Application (Adhesives & Sealants, Paints & Coatings, Composites), and Region - Global Forecast to 2026”

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Composites is the fastest growing application of the high temperature resin

High temperature composites are used in various industries such as aerospace & defence, 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 & defence industry, they are used in sidewalls, ceilings, edges, bulkheads, flooring & doors, window reveals, seating, ducting, and latches.

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.

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Key market players in the high temperature resin market

The key players in this market are 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).   

 

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