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
o By Type
o By Manufacturing Process
o By End-User
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
European High-Temperature Composite Resin Market Report Segment
By Type
By Manufacturing Process
By End-User
European High-Temperature Composite Resin Market Report Segment