Europe is a significant market for the high-temperature composite resins all across the globe and is growing at a CAGR of 8.7% during the forecast period. The region is a hub for innovative technologies. The countries in Europe are the leading aerospace and automotive manufacturers globally which are significantly contributing to the growth of the market.
Europe is the second-largest producer of vehicles followed by Asia-Pacific. As per the International Organization of Motor Vehicle Manufacturers, in Europe, more than 21.3 million vehicles were produced in 2019 compared to around 22.3 million in 2018 with a decline of 4.3% YoY. Moreover, the region also manufactures high-performance sports cars that augment the demand for high-temperature composite resin in the automotive segment.
A full report of Europe High-Temperature Composite Resin Market is available at: https://www.omrglobal.com/industry-reports/europe-high-temperature-composite-resin-market
Moreover, the growth in the electric vehicle market will provide significant growth to the European high-temperature composite resins industry. The EV market is still in the nascent stage, however, a wide range of EV models are already introduced into the market and various new launches are in pipeline.
Market Coverage
- The market number available for – 2018-2025
- Base year- 2018
- Forecast period- 2019-2025
- Segment Covered-
o By Type
o By Manufacturing Process
o By End-User
- Competitive Landscape- Arkema Group, Evonik Industries AG, Lonza Group, and others
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Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Europe High-Temperature Composite Resin Market Report Segment
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
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
