1. Leading
composite manufacturing process: Lay-up process.
2. Key
Application: Power Inductors to grow at highest CAGR during 2015-2020.
3. Major
End Users: Transportation Industry.
4. Geographically-
North America, the key realm.
Application and End Users of FST Composite Resin Market:
Power Inductors estimated to grow
at best CAGRs during the forecast period, according to IndustryARC. Power
transmission, automotive and tele communication: major end-users for inductors.
Transportation, aerospace & defense industries are noted to be the top
drivers of the global market sales. Availability of different types results in
applications in various industries and segments.
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Transportation sector is
accounted to be the top 1 revenue generator owing to growing demand for
lightweight transportation parts. They own improved properties and reduced
curing time; thus serving many industrial verticals.
The increased use of composite
components in the interior application of high speed, monorail, metro, trams,
intercity, commuter rails and so on are driving the growth of the FST composite
resin market. The use of FST composite resin in interior components of rail,
automotive, and other heavy vehicles, not only leads to the production of
lightweight vehicles, improved engine efficiency, reduction in CO2 emissions,
and superior performance, but also enable the vehicle manufacturers to meet
public safety norms.
Regional Outlook of FST Composite Resin Market:
North America is the current
major contributor to the overall sales of the FST Retardant Composite Resin
Market and is also projected to be the fastest-growing market for FST composite
resin, in terms of value and volume during the coming years. High economic
growth rate, growing manufacturing industries, and new product developments by
various leading players are few factors leading to the growth of the market for
FST composite resin in this region.
The U.S. dominates the market for
FST composite resin in North America. Stringent safety regulations in this
region especially in the U.S. drive the FST composite resin market in the
transportation and aerospace & defense applications. Also, the demand for
FST composite resin in aerospace & defense is high owing to the presence of
largest aircraft manufacturer Boeing in the country. Asia is also one among the
top 3 regions which will contribute well in the coming decade.
Segmentation of FST Composite Resin Market:
IndustryARC segments the Global FST
Retardant Composite Resin Market into 4 broad types depending on certain
deciding factors like:
1. By
Resin Type: Phenolic, Polyester, Epoxy, Thermoplastic, Vinyl Ester and Others.
2. By
Manufacturing Process: Lay-up, Filament Winding, Injection Molding, Pultrusion,
Compression Molding and Others.
3. By
Industry: Electronics, Telecommunications, Health Care, Aerospace &
Defence, Building And Construction, Automotive, Marine, Chemical, Nuclear,
Transportation and Others.
4. By
Geography: Americas, Europe, Asia and ROW.
Top Vendors of FST Composite Resin Market:
The FST Retardant Composite Resin
Market Report includes more than 40-50 key players of the global market with
few of the notable ones mentioned further below. IndustryARC has studied all
the companies through refined methods of collecting primary, secondary and
tertiary sources of information. All business factors like acquisitions made
and being planned by the company, past trends, current happenings, future
predictions, and overall estimations of market growth, product portfolios and
many others are analyzed in depth in this report.
·
Reichhold Llc
·
Hexion Inc.
·
Unishield International, Llc
·
Msm Industries, Inc.
·
Taiwan U-Pellet Co., Ltd.
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About IndustryARC:
IndustryARC is a research
and consulting firm that publishes more than 500 reports annually in various
industries, such as Agriculture, Automotive, Automation & Instrumentation,
Chemicals and Materials, Energy and Power, Electronics, Food & Beverages,
Information Technology, Life sciences & Healthcare.
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