Increasing Demand from End-User Industry to Drive the European High-Temperature Composite Resin Market

Europe is a significant market for the high-temperature composite resins all across the globe and is growing at a CAGR of 8.7% during the forecast period (2019-2025). The region is a hub for innovative technologies. The countries in Europe are the leading aerospace and automotive manufacturers globally which are significantly contributing to the growth of the market.

Europe is the second-largest producer of vehicles followed by Asia-Pacific. As per the International Organization of Motor Vehicle Manufacturers, in Europe, more than 21.3 million vehicles were produced in 2019 compared to around 22.3 million in 2018 with a decline of 4.3% YoY. Moreover, the region also manufactures high-performance sports cars that augment the demand for high-temperature composite resin in the automotive segment.

Browse the full report description of "Europe High-Temperature Composite Resin Market Size, Share & Trends Analysis Report By Type (Epoxy, Phenolic, Polyimide, Bismaleimides (BMI), and Others), By Manufacturing Process (Layup, Injection Molding, Pultrusion Molding, Filament Winding, and Others), By End-user (Aerospace and Defense, Transportation, Electrical & Electronics, and Others), and Forecast Period- 2019-2025" at https://www.omrglobal.com/industry-reports/europe-high-temperature-composite-resin-market

Moreover, the growth in the electric vehicle market will provide significant growth to the European high-temperature composite resins industry. The EV market is still in the nascent stage, however, a wide range of EV models are already introduced into the market and various new launches are in pipeline.

Market Coverage

• The market number available for – 2018-2025
• Base year- 2018
• Forecast period- 2019-2025
• Segment Covered- 

o By Type

o By Manufacturing Process

o By End-User

• Competitive Landscape- Arkema Group, Evonik Industries AG, Lonza Group, and others

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

European High-Temperature Composite Resin Market Report Segment

By Type

• Epoxy
• Phenolic
• Polyimide
• Bismaleimides (BMI)
• Others

By Manufacturing Process

• Layup
• Injection Molding
• Pultrusion Molding
• Filament Winding
• Others

By End-User

• Aerospace and Defense
• Transportation
• Electrical & Electronics
• Others

European High-Temperature Composite Resin Market Report Segment

• United States
• Canada