MarketResearch.biz announces publication of its most recently generated research report titled, “Global Polybenzoxazine Resins Market by end-use (Aerospace & Defense, Automotive, Electrical & Electronics, Construction, Other End-Use), Application (Biscuits & Cookies, Cakes & Pastries, Coating Batters, and Others), and Region – Global Forecast to 2031.”, which offers a holistic view of the global polybenzoxazine resins market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2021–2025) is projected to be over US$ 0.4 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Polybenzoxazine is a relatively new high-performance phenolic resin that is polymerized by corresponding benzoxazines. The product is formed by the reaction of phenol or bisphenol A with formaldehyde and aromatic amines, and is cured by thermal ring-opening polymerization technology. Polybenzoxazine is a class of high-performance phenolic resins used in structural and engineering applications to simplify the process used to protect or process high-performance materials and replace common environmental hazards in resins.
Global Polybenzoxazine Resins Market: Market Dynamics
Benzoxazine resin and its copolymers are high-performance resins developed to overcome various disadvantages of traditional resins. They are also suitable for use in extreme environments and have low flammability. Due to their excellent chemical resistance, low flammability and excellent thermal stability, they are an excellent choice for components used in high temperature areas and/or corrosive media. This is another factor that is expected to promote income growth. The demand for polybenzoxazine resins required for the production of aircraft components, such as interior panels, ceilings, toilets, partitions and other secondary structures, can withstand humidity and chemicals due to its excellent rigidity and high temperature performance. The impact of products and other corrosive materials is expected to have a positive impact on the revenue growth of this target market.
The increase in the number of regulatory approvals required by the relevant regulatory agencies for chemical manufacturing companies may hinder smaller industry players and thus hinder the revenue trajectory of the market. In addition, each country has formulated its own guidelines for the manufacture and supply of chemicals and the safe use of these substances. This is another factor that is expected to inhibit market growth to a certain extent.
Cost-effective benzoxazine resin with good FST characteristics, while providing higher mechanical performance advantages and reducing toxicity levels. In addition, benzoxazine products are also used in various injection molding processes, such as vacuum resin transfer molding (VARTM), and subsequently improved its beneficial properties. Technological advances in the military industry and aerospace fields are expected to bring significant opportunities for increased revenue growth.
Global Polybenzoxazine Resins Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global polybenzoxazine resins market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global polybenzoxazine resins market is estimated to expand at a moderate CAGR of 4.0% during the forecast period.
Global Polybenzoxazine Resins Market: Segmental Snapshot
The market report has been segmented on the basis of end-use and region. The end-use segment includes aerospace & defense, automotive, electrical & electronics, construction, other end-use. The regions covered in the analysis are North America, Europe, CIS, Asia-Pacific, South America, Middle East & Africa.
By end-use: The aerospace & defense segment is expected to register a CAGR of over 4.8%, thereby accounting for highest revenue share among the end-use segments.
By region: The market in Europe accounted for highest revenue share in the global polybenzoxazine resins market in 2021, and is estimated to register a CAGR of over 4.2% between 2021 and 2031.
Global Polybenzoxazine Resins Market: Competitive Analysis
The research report on the global polybenzoxazine resins market includes profiles of major companies such as Huntsman Corporation, Kaneka Aerospace LLC, Shikoku Chemicals Corp., Gurit Holding AG, Konishi Chemical Industry Co., Ltd., Bitrez Group Limited, Atul Ltd., Japan Material Technologies Corporation, ABR Organics Limited.
The Global Polybenzoxazine Resins Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2031 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global Polybenzoxazine Resins Market for 2021–2031.
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