The global high-temperature composite resin market is estimated to witness significant growth during the forecast period. In the aerospace & defense industry, there is a range of companies that are manufacturing spacecraft, private aircraft, and commercial military aircraft. Lightweight composites are crucial to boost the fuel economy and maintain the set safety standards and performance of modern aircraft. To accelerate a lighter object, less energy is needed compared to the acceleration of heavier one, therefore lightweight composite materials deliver a significant potential to increase the efficiency of aircraft. Further, a decrease in overall weight can significantly reduce fuel consumption which is driving the demand for high-temperature composite resin in the aerospace & defense industry.
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At the end of 2017, the inward stock of foreign direct investment (FDI) into the US aerospace manufacturing industry totaled more than $21 billion. Hence, there is a huge scope for high-temperature composite resin in the aerospace industry in commercial aircraft, military aircraft, and space segments. Further, the fast-growing aviation market in emerging economies will increase the burden on the aircraft manufacturers to manufacture advanced and light-weighted aircraft which prominently includes the manufacturing with the lightest and most durable materials.
The increased spending and investment in the R&D of the aerospace industry also affects the growth of the high-temperature composite resin market. The high-temperature composite resins possess several benefits that include lightweight, thermal protection, durability among others. The Commercial Aircraft Corporation of China Ltd. (COMAC), a Chinese state-owned aerospace manufacturer is a large player and key manufacturer in the aerospace industry. In May 2017, COMAC launched C919 aircraft with the most advanced technological features and is about to launch more such aircraft including C929 and C939 in the near future. Such continuous efforts to develop advance aircraft for commercial aircraft, military aircraft, and space segment is driving the global high-temperature composite resin market
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High Temperature Composite Resin Market Segmentation
By Type
- Epoxy
- Phenolic
- Polyimide
- Bismaleimides (BMI)
- Others
By Manufacturing Process
- Layup
- Injection Molding
- Pultrusion Molding
- Filament Winding
- Others
By End-User
- Aerospace and Defense
- Transportation
- Electrical & Electronics
- Others
Regional Analysis
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
