Global High Temperature Resin Market Growth of 4.44% CAGR by 2026

The global high temperature resin market is expected to grow at a CAGR of 4.44% from 2016 to 2026, reaching $4.88 billion by 2026, as per a recent market report released by Research and Markets. The global high temperature resin market is being driven by the rising demand for high temperature resin as an alternative to mechanical fasteners in high end applications, the rising demand for high temperature composite resins in railway and aerospace interior applications, as well as the rising demand for thermoplastic resins in composite applications. The higher cost of high temperature composites, issues about recycling of high temperature thermosetting resins, and regulations on the use of hazardous chemicals, are limiting the growth of the global high temperature resin market.

The demand for high temperature silicone resin in this market is increasing at the highest rate due to its inherent ability to resist extended exposure to higher temperatures than most of other adhesives and sealants, paints & coatings, and composite chemistries. This has enabled it to be the primary choice for under hood automotive applications. It can also be used in thicker films, making it useful as a vibration dampening or isolation tool, if the coated assembly is to be placed in a high vibration environment. High temperature silicone resin can withstand temperatures up to 1000°F (538°C), depending on the end use industry.

Asia-Pacific is the fastest-growing region in the high temperature adhesive market. The high demand in emerging countries in this region such as China, India, and others, is driving the global adhesive market. This growth results from the increasing demand for high-performance and high-quality high temperature adhesives from end-user industries such as automotive, electrical & electronics, aerospace, and others. Additionally, the carpentry & construction and assembly & transport industries are also demonstrating the increasing demand for adhesives.