Market New Research High Temperature Resin Market Overview Report 2022 | Page 2

resistivity to smoke, fume emissions, and heat release. They are finding adoption in railway, miming construction, and
defense where they are used as bulwark supports, bulkheads, flooring and doors and edges.
The burgeoning growth in railway, defense and aerospace industries, chemical bonding properties or adhesive bonds
of resin adding immense durability seeks application as mechanical fasteners in high-end industries and high-
temperature resins finding use in composite applications are interpreted as significant drivers to the market.
Segmentation of high-temperature resins by type leads into epoxy, polyester, thermoplastic, and others. On the basis
of manufacturing, the market is differentiated into lay-up, filament winding, injection molding, protrusion,
compression molding, and the other processes.
On the basis of applications, the market is further divided into transportation, aerospace and defense, building and
construction, marine and the other applications. On the basis of regions, the market is segmented into North America,
Europe, Asia Pacific, MEA, and Latin America. Epoxy resin market is bound to grow in the forecast period due to the
positive impact of industrialization. Epoxy resins display superb adhesive properties at high temperatures and exhibit
impact resistance, resistance to chemical reactions, and resistance to solvents.
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Epoxy resins are an amalgamation of fine physical properties that offer protection against severe corrosive
environments. Hence, they find wide industrial applications in oil refineries, chemical plants, and marine equipments
such as offshore drilling platforms and merchant navy ships. Developing countries like India are expected to register
exponential growth in the forecast period due to rapid industrialization and urbanization. A key area of application for
high-temperature resin market is the high-profile electronics industry that is predicted to register double digit growth
in the forecast period.
Electronics comprising hardware is an integral component of medical equipment, Information Technology,
Telecommunications and automobiles, and others; and hence induced growth is signified in the high-temperature
resin market. Furthermore, India has long-term prospects in the aviation sector and propels growth in high –
temperature resin market due to an intense need for epoxy resins as dedicated aerospace adhesives. Key market
players in the high temperature resin market include Solvay, Huntsman Corporation, DuPont de Nemours and
Company, Hexion, Mitsui Chemicals, DIC Corporation, Henkel AG and Company, Dow Corning Corporation, Wacker
Chemie AG, Royal Tencate NV, and BASF SE.
Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million
USD), market share and growth rate of High Temperature Resin in these regions, from 2012 to 2022 (forecast),
covering
• North America