High Temperature Composite Resin Market worth 835.2 Million USD by 2020

1. MarketsandMarkets Presents • High Temperature Composite Resin Market • Trends and Forecasts to 2020 http://www.marketsandmarkets.com/Market-Reports/fst-composite-resin-market-208638888.html

2. The report, "High Temperature Composite Resin Market” by Resin Type (Phenolic, Epoxy, Polyester, Thermoplastic Resin, and Others), by Composite Manufacturing Process (Layup, Filament Winding, Injection Moulding, Pultrusion, Compression Moulding, and Others), by Application (Transportation, Aerospace & Defence, Building & Construction, Marine, and Others), and by Region - Trends and Forecasts to 2020", This report defines and segments the high temperature composite resin market with analysis and forecast of the market size. • The global ‘High Temperature Composite Resin’ market is projected to reach USD 835.2 Million by 2020, witnessing a CAGR of 8.5% between 2015 and 2020. The increasing number of patents filed for high temperature composite resin by global players, introduction of stringent public safety norms, growing demand for high temperature composite, new product launches, continuous agreements, joint ventures & collaborations activities undertaken by companies are key factors driving the growth of the global market for high temperature composite resin. http://www.marketsandmarkets.com/Market-Reports/fst-composite-resin-market-208638888.html

3. http://www.marketsandmarkets.com/Market-Reports/fst-composite-resin-market-208638888.htmlhttp://www.marketsandmarkets.com/Market-Reports/fst-composite-resin-market-208638888.html • In terms of value, the thermoplastic high temperature resin is expected to be the fastest-growing high temperature composite resin type. This is because high temperature thermoplastic resins exhibits properties such as high impact strength, better surface quality, high rigidity at elevated, and sub-zero temperature is useful in applications including aerospace & defence and transportation. Additionally, thermoplastic resin as a matrix material can be reshaped and reformed unlike in case of thermoset resin and the composite formed is also easily recyclable. http://www.marketsandmarkets.com/Market-Reports/fst-composite-resin-market-208638888.html

4. The transportation application segment is projected to continue to lead the high temperature composite resin market in 2020. This can be attributed to the growing needs of lighter, safer, cleaner, and more cost-effective vehicles that fulfil all personal safety standards mandated by various regulatory authorities. The increased use of composite components in interior application of high speed, monorail, metro, trams, intercity, commuter rails, and so on are further driving the growth of the high temperature composite resin market. • The North American region is projected to register the highest CAGR in the high temperature composite resin market, in terms of value between 2015 and 2020. This growth is driven by stringent safety regulations in this region especially in the U.S. helped the high temperature composite resin market to grow in the transportation and aerospace & defence application segment. http://www.marketsandmarkets.com/Market-Reports/fst-composite-resin-market-208638888.html

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