New York, Sept. 09, 2019 (GLOBE NEWSWIRE) -- The growth of the market is governed by various factors such as growing demand from the aerospace and defense industries and stringent government regulations
The high temperature composite resin market is expected to reach USD 1.63 Billion by 2026, according to a new report by Reports and Data. The High Temperature Composite Resin Market is anticipated to show robust growth during the forecast period. The key factors driving the market is growing demand for lightweight materials from transport and aerospace industry which tends to stimulate the market globally.
Resins that can endure excessive heat and temperature environments are known as high temperature composite resin. They are mainly famous for usage in military and commercial aircraft engines. It is used to improve aerospace & defense industry products and recovery of the marine industry globally. With its enhanced properties and decreased curing time, the demand for lightweight and thermal resistant parts are increasing day by day.
APAC is anticipated to witness the highest rate of 9.8% during the forecast period. The market is expected to be the fastest-growing in this region due to the quickly growing aviation industry in developing economies. Growing air traffic coupled with the growing tourism industry in emerging economies has led to a rise in demand for aircrafts, which is expected to accelerate the growth of the high-temperature composite resin market.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/high-temperature-composite-resin-market
Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the market on the basis of Resin Type, Fiber, End User, and region:
Resin Type Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
Fiber Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
End User Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
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Regional Outlook (Volume, Square Meters; and Revenue, USD Billion; 2016-2026)
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