Rising Packaging Application Fuels Demand For High Temperature Resins
The high-temperature resin has captured industry worth $3,560.6 million in 2021, and it is projected to generate 3.9% from 2021 to 2030, to generate $5,031.7 million revenue in 2030.
Noida, UP, India, 30th May 2023, King NewsWire – It is ascribed to extreme temperature resistance and harsh environmental conditions. Since, they are effective substitutes for metals and ceramics, it has resulted in their growing adoption, and thus, propelling the industry growth.
Since, they are effective metal and ceramics substitutes, it has resulted in their rising adoption, and thus fuel the industry growth.
The Epoxy category captures the significant share, and it is projected to capture $1,326.8 million revenue in 2030, ascribed to extreme corrosion resistant and negligible epoxy high-temperature resins outgassing.
These chemicals possess high adhesion properties to improve resistance against wear & tear. These are also known as polyepoxides, used in the manufacturing or products and materials, including primers & sealers, paints, plastics, and adhesives.
Silicone resins are projected to experience modest growth in the comig years. Their rising demand is ascribed to high heat resistance and high preference compare to natural rubber. Silicon resins can function at as extreme temperature as 230 °C, while natural rubber melts at 120°C and deteriorate at 80°C.
Silicone resins are projected to experience the modest growth in the coming years. It is ascribed to low surface tension, high compressibility, thermal stability, and chemical inertness. Several silicone resins posses water repellence, cand can stay stable at 300 °C.
The acrylic resins are projected to capture a major revenue share in the near future. Their high demand is led by their workability, flexibility, better adhesion, and superior physical harness.
Furthermore, their resistance to related heat, solvent, weather, and chemicals with the glossy appearance, transparency, and color stability leads to their increased preference in the coatings industry.
In addition, they posses great tensile strength, and hence used for elastomers, decorative panels, and adhesives.
Under the type segment, polyester resins are projected to experience the substantial rise in the high-temperature resin industry. These thermoplastic polymers are transparent, recyclable, possess high density, and excellent shatter and strength, as well as food and water resistance.
Therefore, packaging material and manufacturing textiles are widely used.
Polyethersulfone resins are projected to capture the ideal revenue in the coming years. They are transparent, amorphous, flexural, and possess highly strong engineering plastic characteristics, with extreme heat and chemical resistance.
These resins are massively used for electrical or electronic applications, solenoid valve bodies, float switches, manifolds, dairy connectors, and petri dishes. Other applications of resin include medical components, food and beverage procession, and wastewater recovery.
APAC holds the largest industry share, and it is projected to generate $1,986.4 million revenue in 2030, rising at a rate of 4.2% from 2021 to 2030. Other major factors that fuel the industry growth are consistent advancements in the construction sector, and rising urbanization rate in emerging economies such as India, Japan, and China.
Therefore, the demand for high temperature resins is projected to rise due to the expansion of the construction sector.
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Organization: P&S Intelligence
Contact Person: Pramod Kumar
Website: https://www.psmarketresearch.com/market-analysis/high-temperature-resin-market
Email: pramod.kumar@psmarketresearch.com
Contact Number: 08076192446
Address: P&S Intelligence
City: Noida
State: UP
Country: India
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