Global Polybenzoxazine resins market was value US$ XX Mn in 2017, and is expected to reach US$ XX Mn by 2026, at a CAGR of XX% during forecast period.
Polybenzoxazine resins is a newly developed addition polymerized phenolic system, having a wide range of interesting features and the capability to overcome several shortcomings of conventional novolac and resole-type phenolic resins. It is a class of high-performance phenolic resins which are utilized in the structural and engineering applications due to good flame retardance and thermal properties of phenolic resins, including high mechanical properties, such as noise absorption and good sound.
Polybenzoxazine resins are synthesized from aldehyde, phenol or substituted phenols, such as formaldehyde, acid aldehyde, or pyromucic aldehyde, and amine groups. They can be synthesized by either solvent or solventless technology.
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Polybenzoxazine is a class of high-performance materials and have an ability of alloying with other minor components is a crucial property for this novel kind of thermosetting. Polybenzoxazine resin can improve electrical and physical properties of its compound, as an additive to other resins. Furthermore, it is effective as the resin of composite materials. Polybenzoxazine resins, when heated, homopolymerize to form a rigid polymer, which can be used for manufacturing products such as high-temperature composites and electronic components.
The transportation segment follows the aerospace & defense segment in terms of share of the Polybenzoxazine resins market. Polybenzoxazine resins hold low dielectric constant, low hygroscopicity, high heat resistance, dimensional stability of processing, and good flame retardance. Therefore, they have attracted considerable attention in the field of electronic products. The increasing use of polymer composites in the automotive industry for the production of lightweight vehicles with enhanced fuel efficiency is also acting as a driver for the market. Electric vehicles are generally made from polymer composites and thus, growth in electric vehicle production and the automotive industry is expected to escalate the demand for polybenzoxazine resins. Polybenzoxazine combine excellent stiffness and high-temperature performance with the ability to withstand exposure to moisture, chemicals, and other corrosive materials. Theyâ€™re ideal for usage in extreme environments and offer low flammability.
In terms of region, North America dominated the market. And Europe is a key market of polybenzoxizine resin market. Technological advancements in military industry and aerospace in Europe offers significant opportunity to the Polybenzoxazine resins market. The population is exponentially increasing in the Asia Pacific region, which leads to the growing demand for Polybenzoxazine resins from automotive, and aerospace.
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The report covers a comprehensive review of major market drivers, restraints, opportunities, challenges, and key issues in the market. Furthermore, Competitive scenario and market share of the top players in the market, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTERâ€™s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to particular market segment.
Scope of Polybenzoxazine Resins Market:
Global Polybenzoxazine Resins Market, By Product Type
Bisphenol A Benzoxazine Resin
Bisphenol F Benzoxazine Resin
Global Polybenzoxazine Resins Market, By Application
Aerospace & Defense
Electrical & Electronics
Global Polybenzoxazine Resins Market, By Region
Middle East & Africa
Key Players Operating In Polybenzoxazine Resins Market: