Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by
Infinium Global Research on high performance thermostat resins market provides
in-depth analysis of segments and sub-segments in the MENA as well as regional
high performance thermostat resins market. The study also highlights the impact
of drivers, restraints, and macro indicators on the MENA and regional high
performance thermostat resins market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of the MENA high performance thermostat resins market. According to the
report, the MENA high performance thermostat resins market is projected to grow
at a significant CAGR over the forecast period of 2021-2027.
Various fields such as aerospace,
electronic packing, automotive, and other high performance areas have
extensively adopted high performance thermosets. For instance, polyimide, a
type of special engineering plastic, is used in separation membrane,
microelectronics, and other fields due to its excellent high thermal stability,
mechanical properties, and dielectric properties. Furthermore, researchers are
improving the material properties from the perspective of a molecular structure
due to higher expectations for the performance of materials due to the
development of industries and commerce. Moreover, due to the growing demand for
high performance polymeric materials in the industry, several thermosets such
as bismaleimides, advanced epoxy resins, cyanate esters, and phenolic resins
have been widely investigated the performance of thermosetting products.
The MENA high performance
thermostat resins market is expected to witness healthy growth over the
forecast period. The major factors driving the market are the strong growth of
the construction industry in the Middle East & Africa and the rising demand
for electrical and electronic devices. The construction industry of the MENA
region is extensively growing with the increasing demand for composites like
epoxy resins. Hence this factor is expected to contribute to the
high performance thermostat resins market in the MENA region. Furthermore, the
rising development of aerospace manufacturing in these countries is propelling
the market’s growth in the region. Due to this increasing development of
aerospace manufacturing, composites manufacturing in the Middle East is rising,
especially in Saudi Arabia and the United Arab Emirates. Additionally, the
United Arab Emirates focuses on composite part manufacturing and advanced
aerospace structure, intending to become the original equipment manufacturer
(OEM). This initiative of the UAE is expected to propel the growth of the
high performance thermostat resins market in the MENA region. However, a
hazardous impact on health is expected to hinder the development of the market
in the MENA region. Nevertheless, the high demand for lightweight vehicles in
the automobile industry and rising demand for lightweight yet strong parts in
the aerospace industry are anticipated to provide lucrative growth
opportunities.
Geographically, Saudi Arabia
dominates the high performance thermostat resins market in the MENA region.
Earlier, market openness and investment opportunities were less in Saudi Arabia
when compared to other emerging economies. However, the government of Saudi
Arabia is reforming its economic plans with investments in diversified sectors
and is trying to attract private investments in the country to make it a
diversified economy that is not dependent on oil. All these factors are
mentioned in the country’s 10th development plan. Furthermore, Saudi Arabian
government has announced its largest financial budget ever to support the
country’s expansion as part of its Vision 2030 program. Additionally, Saudi
Arabia is among the leading producers of paints and coatings in the Middle East
& African region, and there are several local paint manufacturers currently
present in the country. Moreover, Saudi Arabia focuses on automotive, minerals/metal,
chemical/polymer, energy, and pharmaceutical/biotech. In addition, Saudi
Arabia’s vision 2030 seeks a 70% increase in manufacturing capacity in the
region by 2030. Hence, adhesives and sealants stakeholders in the OEM
transportation sector are likely to benefit from these developments. These
developments are expected to contribute to the increase in demand for
thermostat resins.
The report on MENA high
performance thermostat resins market covers segments such as product and
application. On the basis of product, the sub-markets include epoxy resin,
polyester resin, and phenol formaldehyde resin. On the basis of application,
the sub-markets include aerospace and defense, automotive, and construction.
The report provides profiles of
the companies in the market such as NAMA Chemicals, Olin Corporation, Hexion,
Huntsman Corporation LLC, and Teijin Limited.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of high performance thermostat resins market. Moreover, the study
highlights current market trends and provides forecast from 2021-2027. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
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