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Global High Temperature Resin Market Size, Share, Forecast: By Type: Silicone, Epoxy, Acrylic, Polyethersulfone, Polyester, Polyurethane, Phenolic, Polyetharamide, Others; By Application: Adhesives and Sealants, Paints and Coatings, Composites; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global High Temperature Resin Market Outlook
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.
Key Trends in the Market
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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- The demand for high temperature resin is rising from various end use industries such as construction, automotive, and healthcare owing to the various benefits provided by them such as chemical resistance, sliding friction, and weight savings.
- The ability of high temperature resins to increase the longevity of the structural components used in aerospace and its use as a complement or replacement of mechanical fasteners is further aiding the high temperature resin market growth.
- Rising geopolitical tension in several locations is increasing the demand for defence equipment such as fighter aircraft, communication and spy satellites, and hypersonic missiles, wherein high-temperature composite resins are used in abundance.
Market Analysis
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.
- 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.
- MG Chemicals
- Others
Market Share by Type
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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Market Share by Region
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.
Competitive Landscape
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.
Key Highlights of the Report
| 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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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global High Temperature Resin Market Analysis
8.1 Key Industry Highlights
8.2 Global High Temperature Resin Historical Market (2018-2023)
8.3 Global High Temperature Resin Market Forecast (2024-2032)
8.4 Global High Temperature Resin Market by Type
8.4.1 Silicone
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Epoxy
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Acrylic
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Polyethersulfone
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Polyester
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Polyurethane
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Phenolic
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Polyetharamide
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Others
8.5 Global High Temperature Resin Market by Application
8.5.1 Adhesives and Sealants
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Paints and Coatings
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Composites
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global High Temperature Resin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America High Temperature Resin Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe High Temperature Resin Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific High Temperature Resin Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America High Temperature Resin Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa High Temperature Resin Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 DuPont de Nemours, Inc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BASF SE
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mitsui Chemicals Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Saudi Basic Industries Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Wacker Chemie AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 The Dow Chemical Company
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 DIC Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Huntsman Corporation
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Hexion Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 MG Chemicals
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global High Temperature Resin Market: Key Industry Highlights, 2018 and 2032
2. Global High Temperature Resin Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global High Temperature Resin Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global High Temperature Resin Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global High Temperature Resin Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global High Temperature Resin Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global High Temperature Resin Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America High Temperature Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America High Temperature Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe High Temperature Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe High Temperature Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific High Temperature Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific High Temperature Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America High Temperature Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America High Temperature Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa High Temperature Resin Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa High Temperature Resin Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global High Temperature Resin Market Structure
Key Questions Answered in the Report
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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