About High Temperature Resin
High Temp Resin has a heat deflection temperature of 238 °C. It is used to printing activities, precise prototypes with high thermal stability. High temperature resins performs normally at temperatures higher than 150˚C. These resins are used in end-use industries where high mechanical performance is required. Rising demand in end use industries for coatings, adhesives for automobiles and for other coatings. In addition, rising inclination towards using bio based resin has created growth opportunities for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of high temperature resin is expected to grow with increasing demand for wide range of applications in number of end use industries. Several companies are operating in the market to provide high temperature resin. The market is highly fragmented with the presence of several market players. In addition, many local vendors are providing their broad product portfolio which in turn increasing competitive rivalry. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Solvay S.A. (Belgium), Brenntag North America, Inc. (United States), Huntsman Corporation (United States), Deltech Resins (United States), E. I. du Pont de Nemours and Company (United States), Macro Polymers (India), Hexion Inc. (United States), Mitsui Chemicals Inc. (Japan), Tradeasia International (Singapore), Hitech Industries FZE (UAE) and Serkim (Turkey) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Uniform Synthetics. (India), Amura Polymers (India) and Eco Overseas. (India).
Segmentation Overview
AMA Research has segmented the market of Global High Temperature Resin market by Type (Silicone Resins, Epoxy Resins, Acrylic Resins, Polyester Resins, Phenolic Resins, Polyamide Resins, Polystyrene Resins and Others), Application (Paintings & Coatings, Adhesives & Sealants and Others) and Region.
On the basis of geography, the market of High Temperature Resin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Print Size Resolution, the sub-segment i.e. 25 Micron will boost the High Temperature Resin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
More Preference for Epoxy Resin over Others
Market Growth Drivers:
Rising Industrial Expenditure of Paint & Coatings in Number of End Use Industries and Growing Inclination towards Bio based High Temperature Resin
Challenges:
Availability of Alternatives
Restraints:
High Cost of Production
Opportunities:
Augmenting Painting & Coatings in Asia Pacific Region has Created Growth Opportunities and Increasing Demand for High Temperature Resin for Automobile Industry
Market Leaders and their expansionary development strategies
In March 2020, Ube Industries, Ltd., has acquirde Premium Composite Technology North America, Inc. (PCTNA). This acquisition enables UBE to establish a manufacturing unit in Japan, Thailand, and Spain along with offering auto parts to automakers.
In October 2019, SABIC has launched XENOY HTX resin at K 2019 event. This high temperature resin provides a material solution for battery protection systems, structural automotive components and body-in-white components. It is made up of brand new polyester-based resin technology responds to vehicle light weighting and electrification trends and provides a drop-in alternative to PA66 compounds and alloys.
Key Target Audience
High temperature resin Manufacturers, High temperature resin Suppliers/Distributors, Components Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.