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High Temperature Composite Resin Market Trends and Forecast

The future of the global high temperature composite resin market looks promising with opportunities in the aerospace & defense, pipe & tank and electrical & electronics application market. The global high temperature composite resin market is expected to reach an estimated $1.1 billion by 2028 with a CAGR of 5.5% from 2022 to 2028. The major driver for the high temperature composite resin market is increasing demand for thermally stable materials in different end use industries, which requires parts that are lightweight and offer high heat resistance.
  • Lucintel forecasts that pipe and tank will remain the largest end use segment over the forecast period.  Aerospace and defense and is expected to witness the highest growth due to its high mechanical properties such as. reduced vehicle weight translates into better fuel economy lower emissions, and reduce weight by as much as 35% as compared to steel in many applications.
  • Epoxy resin high temperature composite resin will remain the largest resin over the forecast period due to its wide application area in aerospace & defense and pipe and tank.
  • Asia Pacific is expected to remain the largest region over the forecast period due to due to increasing demand and adoption of composite materials in various commercial and military aircraft.