The size of the high-temperature resin market was around $3,561 million in 2021, and it will progress at a growth rate of about 4% in the years to come, reaching about $5,032 million by 2030. The growth of the industry is chiefly credited to the capability of these materials to endure tremendously high temperatures and severe environmental conditions. They are an effective auxiliary for ceramics and other metals have led to their growing adoption, thus driving the growth of the industry.
Epoxy has the highest revenue of $1,326.8 million in 2030, because of the excellent corrosion resistance and negligible outgassing of epoxy high-temperature resins. They are outstanding chemicals with sturdy adhesion and heat resistance. The resins are utilized in the form of practical powder coatings to improve resistance against wear & tear. Also acknowledged as polyoxides, they are utilized for the manufacturing of products and materials used in building and construction, like primers& sealers, adhesives, plastics, and paints.
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Silicone resins will observe modest growth in the coming years. Factors driving the requirement for them are their high resistance to heat and preference over natural rubber, as the former can work at much higher temperatures, of approximately 230 degrees Celsius, as opposed to natural rubbers, which weaken at 80 °C and melt at 120 °C. These resins are utilized to manufacture industrial and medical products since of their high sponginess, chemical inertness, low surface tension, and thermal stability.
Adhesives & sealants will have the largest share in the industrial revenue, advancing at a growth rate of 4% in the years to come. The main factors pushing the requirement for these materials in the manufacture of adhesives & sealants are their improved bonding abilities, sturdiness, and suppleness, and the longevity of the bonded parts. Modern technologies have enhanced UV and chemical confrontation, accompanied by providing adhesives with capabilities of noise and vibration reduction.
Adhesives and sealants are put to use in several industries like packaging, construction/building, automotive, electronics, medicines, and graphic arts in addition, they are utilized in the shipbuilding and marine sector for providing a waterproof seal between the substrate and strong lightweight bonds to the physical mechanisms of the machinery. The resins are fundamentally used to guard the equipment against water, weather, chemicals, or inadvertent damage.
APAC has the best global outlook in the high-temperature resin market. This will generate revenue of above $1,986 million in 2030, with a growth rate of above 4% in the years to come. Some main factors fuelling industrial growth are the steady progress in the construction industry and the speedy development in the countries like India, China, and Japan.