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DUBLIN, January 18, 2019 / PRNewswire / –
The report "High-temperature composite resin market by type of resin, type of end use, type of manufacturing process and region, trend, forecast, competitive badysis and growth potential: 2018-2023 "was added to ResearchAndMarkets.com & # 39; s offer.
This report examines the global market for high temperature composite resins over the 2012 to 2017 trend period and the 2018 to 2023 forecast period. The report provides detailed information on market dynamics to enable decision making. informed companies and the formulation of a growth strategy based on opportunities. present on the market.
The market for high temperature composite resins: highlights
Resins used in composite applications, which can withstand extreme heat and temperature environments, are considered high temperature composite resins. High temperature resins have a long history in the composites industry and are used in military and commercial aircraft engines. Nowadays, composite stakeholders rely on these resins technologies in other applications, including cell and other hot sections.
The global market for high temperature composite resins is expected to grow at a sustained pace over the next five years to reach $ 168.3 million in 2023. Increasing penetration of composites in the aerospace and automotive industries, coupled with increased demand for high temperature composites, increasing production rates of F-35 material-rich aircraft High temperature composites and the superior performance advantages of high temperature resins are the key factors proliferating market growth.
High temperature resin excels in the performance of composite parts and improves their ability to withstand extreme heat and harsh environmental conditions. In addition, the resin is more resistant to fatigue than more fragile ceramics and is lighter than metals. as a result, manufacturers have started adopting high temperature resins instead of using ceramics and exotic metals. The aircraft engine is one of the largest areas of application for high temperature composite resins, as it is subject to extreme temperature and heat environments.
The most recent reactors and fifth generation fighter aircraft have pushed the service temperature in the range of 316 to 538 ° C (600 to 1000 ° F), in parallel with a growing demand for composite materials in order to reduce the operating temperature. obtain an excellent strength / weight ratio. The Lockheed Martin F-35 is one of the best-selling fifth-generation aircraft incorporating high-temperature composite resins. About 35% of aircraft are composites and about 50% are high temperature composites.
Based on the type of resin, the market for high temperature composite resins is segmented as BMI, cyanate ester, polyimide, thermoplastic and others. BMI resin will likely remain the most dominant type of high temperature resin in terms of volume over the next five years. It is preferably used in military aircraft engines as well as in cell applications, jet engine nacelles, tool prepregs and hot air ducts. However, the polyimide resin will likely remain the most valuable resin type in terms of value over the forecast period. Polyimide composite parts can withstand continuous use up to 315 ° C (600 ° F) and intermittent use up to 480 ° C (900 ° F) and have extremely high dimensional stability at high temperatures.
The global market for high temperature composite resins is segmented according to the type of end use, such as Aerospace and Defense, Transportation, etc. Aerospace and defense should remain the most dominant segment over the forecast period. The increased production rate of the F-35 composite high-temperature combat aircraft (Joint Strike Fighter) is expected to boost the demand for high-temperature composites in the industry. Lockheed Martin has announced a 40% increase in F-35 deliveries in 2017 compared to the previous year. The company is expected to further increase its annual deliveries from 66 aircraft in 2017 to 160 deliveries planned in 2023. Another key application area of the high-temperature composite resin is pre-impregnated tooling, where BMI resin is gaining ground.
Based on the type of manufacturing process, the market for high temperature composite resins is segmented as Prepreg Layup, RTM and others. The preparation of prepregs should remain the most dominant process for the manufacture of composite parts based on high temperature resins. It is the most widely preferred process for manufacturing critical parts in the aerospace and defense industry, where high temperature resin systems are used. Pre-impregnation offers several advantages, such as consistent material properties, high fiber volume, flexible fiber orientation, low void content, and easy use on complicated shapes.
Based on the regions, North America should remain the most important market during the forecast period, driven by leading aeronautical equipment manufacturers, aircraft manufacturers, major players and material suppliers. the United States is driving the growth of the region's market. Lockheed Martin has opened a new production facility to produce its F-35 rich high temperature composite resin Pinellas Park, Florida, the United States, to increase the existing production rate. In total, more than 2,691 F-35 aircraft ordered from 12 countries were ordered. USA The inventory objective is 2,456 F-35 aircraft.
Europe should remain the second largest market for high temperature composite resins during the forecast period. Dbadault Aviation, BAE Systems and Airbus Group are among the leading OEMs that drive the demand for high temperature composite resins in the European market.
The supply chain for this market includes raw material suppliers, high temperature resin manufacturers, pre-recorders and preparers, third parties, OEMs and airliners. Leading manufacturers of high temperature composite resins include Solvay S.A., TenCate Advanced Composites, Lonza Group, Hexcel Corporation and Renegade Materials Corporation. The development of high temperature and low cost composite resins with ease of manufacturing process; reduction of operational costs; and the formation of strategic alliances are the key strategies adopted by the players to gain a competitive edge in the market.
Key topics covered:
1. Summary
2. High Temperature Composite Resin Market – Overview and Market Forces
2.1. introduction
2.2. Market Clbadification
2.2.1. By type of resin
2.2.2. By type of end-use industry
2.2.3. By type of manufacturing process
2.2.4. By region
2.3. Market factors
2.4. Market constraints
2.5. Analysis of the supply chain
2.6 Analysis of the life cycle of the industry
2.7 PEST Analysis: Assessment of the impact of the changing business environment
2.8. Porter's Five Forces Model
2.9 SWOT Analysis
3. Market badysis of high temperature composite resins (HT) – By type of resin
3.1. Strategic Outlook
3.2. BMI Composite Resin Market Trend and Forecasts (in millions of US dollars and millions of pounds)
3.3. Trend and Market Forecast for Cyanate Ester Resin (Millions of US Dollars and Millions of British Pounds)
3.4. Market Trend and Market Forecast for Polyimide Composite Resins (Millions of US Dollars and Millions of Pounds)
3.5. Trend and Market Forecast for HT Thermoplastic Composite Resins (Millions of US Dollars and Millions of Pounds)
3.6. Trend and Market Forecast for Other HT Composite Resins (in millions of US dollars and millions of pounds)
4. Analysis of the market for high temperature composite resins (HT) – By type of end use
4.1. Strategic Outlook
4.2. Aeronautics and Defense: Trend and Forecast for the HT Composite Market (in millions of US dollars and millions of pounds sterling)
4.3. Transport: Tendency and Market Forecast for HT Composite Resins (in millions of US dollars and millions of pounds)
4.4. Other: Trend and Forecast for the HT Composite Market (in millions of US dollars and millions of pounds)
5. Market badysis of high temperature composite resins (HT) – By process type
5.1. Strategic Outlook
5.2. Prepreg Layup: Trend and Forecast for the HT Composite Market (in millions of US dollars and millions of pounds)
5.3. RTM: Tendency and Market Forecast for HT Composite Resins (in millions of US dollars and millions of pounds)
5.4. Other: Trend and Forecast for the HT Composite Market (in millions of US dollars and millions of pounds)
6. High Temperature Composite Resin (HT) Market Analysis – By Region
7. Competitive badysis
7.1. Strategic Outlook
7.2. Product portfolio badysis
7.3. Geographical presence
7.4. New products launched
7.5. Strategic alliances: mergers and acquisitions, joint ventures, collaborations, etc.
7.6. Market share badysis
8. Opportunities for strategic growth
8.1. Strategic Outlook
8.2. Attractive market badysis
8.3. Matrix growth badysis
8.4. Emerging trends
8.5 Key Success Factors
9. Business profiles of the main actors
- Hexcel Corporation
- Hexion Inc.
- Hunter Corporation
- Koninklijke TenCate sa
- Lonza Group
- Mitsui Chemicals Inc.
- Nexam Chemical Holding AB
- Renegade Materials Corporation
- Solvay S.A.
For more information on this report, visit https://www.researchandmarkets.com/research/8br9p5/global?w=5.
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