High Temperature Epoxy Resins Market - Global Industry Analysis, Size, Share, Growth 2024
High
temperature epoxy resins are used wherever high temperature resistance
is required. Very high performance epoxy casting and laminating resin is
intended for use in high temperature environments up to 180°C (356°F).
High temperature epoxy resins have HDT (Heat Distortion Temperature) of
180°C which ensures that up to this temperature the epoxy will not
shrink, distort, or crack. Along with its high heat distortion
temperature, the high temperature epoxy resin also has good clarity, a
low viscosity and exceptional wetting characteristics when used with
carbon fiber or aramid fiber. When cured, the high temperature epoxy
resin has excellent mechanical properties. High temperature epoxy resin
also has excellent chemical, electrical and radiation resistance.
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Due
to its various properties the high temperature epoxy resins have major
application in industries such as coatings, adhesives, construction,
composites and electronics. The growing demand from coating, electronic
and other industrial applications is expected to drive the global high
temperature epoxy resins market in the years to come.
High
temperature epoxy resin is best for ultra thin bond lines, strain
gauges, bonding and coating critical electronic components, protecting
and sealing porous materials, etc. The high temperature epoxy resin is
suitable for use in wet-lay laminating or vacuum bagging of composite
parts, R.I.M. tooling, vacuum forming and other applications requiring
dimensional stability at high temperatures. High temperature epoxy resin
is also suitable for encapsulation applications or for use as a high
temperature epoxy adhesive for bonding a variety of surfaces. High
temperature epoxy resin plays an important role in manufacturing braided
carbon tubed exhaust pipes. The typical advantages of the high
temperature epoxy resins are excellent adhesion to metals, plastics,
ceramics and glass, low moisture absorption, high temperature stability,
high bond strength, and low shrinkage. High temperature epoxy resins
are excellent electrical insulators and have ability to protect
electrical components from short circuiting, dust and moisture. Owing to
all such benefits, high temperature epoxy resins are growingly used in
end-user industries such as coating and electronic industries across the
globe.
Quantity
of usage of high temperature epoxy resins has high degree of
co-relation with industrialization. As a result high temperature epoxy
resin has huge market in developing nations. Asia Pacific is projected
to be the fastest growing market for high temperature epoxy resins in
the next six years, consuming more than half of the global demand. The
main reason for this is the growing demand for high temperature epoxy
resins market from developing countries such as China, Japan, Taiwan and
South Korea. The high growth in this region is mainly driven by growing
population, vast economies developed as well as developing, favorable
investment policies, and government initiatives to promote industrial
growth. The key companies operating in the high temperature epoxy resin
market are largely focusing on these growing economies for tapping their
enormous market potential. Therefore, the global high temperature epoxy
resin market is expected to experience a significant growth in the
future. The consumption of high temperature epoxy resin is being closely
followed by the U.S.
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Some
of the major companies operating in the global high temperature epoxy
resin market are The DOW Chemical Company, BASF SE, Huntsman
Corporation, Aditya Birla Chemicals Ltd., Epoxy Resin Division of Baling
Petrochemical Co.,Ltd., Resoltech, Kukdo Chemical Co. Ltd, 3M Company,
Chang Chun Plastics Co. Ltd., Nama Chemicals, Momentive Performance
Materials Holdings LLC and Nan Ya Plastics Corporation.
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