The North American high-temperature composite resin market is anticipated to grow at a considerable CAGR during the forecast period (2020-2026). The growth of the market in the region can be attributed to the strong presence of various global aerospace & defense production companies. The manufacturing of aerospace and defense products has a significant application of high-temperature composite resin, therefore, the high production of aircraft engines and high manufacturing capital in aerospace & defense are aiding to the market growth. In addition to this, the well-established automotive & transportation and electrical & electronics will also impact the growth of the market during the forecast period.
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Additionally, the presence of companies such as Hexion Specialty Chemicals, Inc., Huntsman Corp., and E.I. Dupont De Nemours and Co. among others in the region will also contribute majorly to the market high-temperature composite resin market. In addition to this, these companies are continuously engaging in various expansion activities.
For instance, in May 2020, Huntsman Corp. completed the acquisition of CVC Thermoset Specialties (CTS), a North American specialty chemical manufacturer serving the industrial composites, adhesives, and coatings markets. CTS offers specialized curing and toughening agents, resin adducts, and other high-performance epoxy resins used in a wide range of applications. Such activities will also fuel the growth of the North American high-temperature composite resin market.
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Market Coverage
• The market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Competitive Landscape- Celanese Corp., Hexcel Corp., DuPont De Nemours, Inc., Hexion Specialty Chemicals, Inc., Arkema Group
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?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
North American 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
North American High-Temperature Composite Resin Market Report Segment
• United States
• Canada
Company Profiles
• Arkema Group
• Celanese Corp.
• DuPont De Nemours, Inc.
• Hexcel Corp.
• Hexion Specialty Chemicals, Inc.
• Huntsman Corp.
• Hybrid Plastics, Inc.
• Maverick Molding Company
• Raptor Resins Inc.
• Renegade Materials Corp.
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