The global high-temperature resin market is estimated to reach $4.88 billion by 2026.
The global high-temperature resin market is estimated to reach $4.88 billion by 2026, at a compound annual growth rate (CAGR) of 4.4% from 2016-2026. The market reportedly will be dominated by high-temperature silicone resin. Asia-Pacific is the fastest-growing region for the high-temperature adhesives.
Factors driving the global high-temperature resin market include: the increasing demand for high-temperature resin as an alternative to mechanical fasteners in high-end applications, growth in application areas, increasing demand for high-temperature composite resins in railway and aerospace interior applications, and the increasing demand for thermoplastic resins in composite. The higher cost of high-temperature composites, issues related to recycling of high-temperature thermosetting resins, and regulations related to the use of hazardous chemicals are reportedly restraining market growth.