Global Polybenzoxazine Resins Market By End-Use (Aerospace & Defense, Automotive, Electrical & Electronics, Construction and Others ), By Application (Biscuits & Cookies, Cakes & Pastries, Coating Batters and Others) and By Region -Global Forecast to 2031

Polybenzoxazine Resins Market Overview

The Global Polybenzoxazine Resins Market is projected to be US$ 81.5 Mn in 2021 to reach US$ 119.3 Mn by 2031 at a CAGR of 4.0%.

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.

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 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 producing 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 impact this target market's revenue growth positively.

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 Revenue (US$ Mn), 2021–2031

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.

Global Polybenzoxazine Resins Market Attractiveness Analysis by End-Use, 2015–2031

The research report on the global polybenzoxazine resins market includes profiles of some of the 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.

Global Polybenzoxazine Resins Market is Segmented Based on End-Use and Region

Based on End-Use:

• Aerospace & Defense
• Automotive
• Electrical & Electronics
• Construction
• Other Applications

Based on Region:

• North America
• Europe
• CIS
• Asia-Pacific
• South America
• The Middle East & Africa