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The global high temperature resin market size reached a value of approximately USD 4.13 billion in 2023. The market is further projected to grow at a CAGR of 4.50% between 2024 and 2032, reaching a value of USD 6.13 billion by 2032.
High temperature resins contain properties necessary to withstand high temperatures and are used in the production of coatings and adhesives. It has the ability to resist deformation and has high strength, precision, hardness, and modulus.
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Based on type, the market is segmented into silicone, epoxy, acrylic, polyethersulfone, polyester, polyurethane, phenolic, and polyetharamide, among others. On the basis of application, the market is divided into adhesives and sealants, paints and coatings, and composites. Based on region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global high temperature resin global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The epoxy segment held a large share of the market because of its high quality and superior properties compared to other types including silicone, polyester, and phenolic. The high impact resistance, high adhesion, and flexibility characteristics are rapidly fuelling the high temperature resin market demand. Additionally, epoxy resins are resistant to moisture, corrosion and chemicals and offer great strength and stability, boosting their industrial applications.
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North America accounted for a large market share owing to the growing demand for high temperature resins from the aerospace and automotive industries. They are considered a good metal replacement option because of their various properties including temperature and chemical resistance and are used as sealants and adhesives in the transportation sector. The government of the United States is increasing standards and regulations regarding the safety of vehicles, which is further contributing to the increased utilisation of these resins. The presence of key aircraft manufacturers and the increasing use of high temperature resins in fighter jets are further contributing towards the high temperature resin market growth in North America.
BASF SE was founded in 1865 and is headquartered in Ludwigshafen, Germany. The company provides a wide range of solutions in chemicals and materials, agriculture, and transportation, among others.
Mitsui Chemicals Inc is a chemical manufacturing company that was founded in 1997. The company is headquartered in Tokyo, Japan and is known for providing products and services in fields such as construction, automotive, and electronics/information.
Saudi Basic Industries Corporation was established in 1976 and has its headquarters located in Riyadh, Saudi Arabia. The company is mainly involved in metals, petrochemicals, industrial polymers, metals, chemicals, and fertilisers manufacturing.
Other high temperature resin market players include DuPont de Nemours, Inc, Wacker Chemie AG, The Dow Chemical Company, DIC Corporation, Huntsman Corporation, Hexion Inc., and MG Chemicals, among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 4.13 billion in 2023.
The market is projected to grow at a CAGR of 4.50% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 6.13 billion by 2032.
The key drivers of the market include rising demand for paints and coatings applications of resins, rapid industrialisation and urbanisation, and increasing composites demand from the aviation sector.
The key trends of the market include rising demand from various end use industries and ability of high temperature resins to increase the longevity of structural components used in the aerospace sector.
The significant applications of high temperature resins include adhesives and sealants, paints and coatings, and composites.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the high temperature resin market are DuPont de Nemours, Inc, BASF SE, Mitsui Chemicals Inc, Saudi Basic Industries Corporation, Wacker Chemie AG, The Dow Chemical Company, DIC Corporation, Huntsman Corporation, Hexion Inc., and MG Chemicals, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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