MENA High Performance Thermostat Resins Market (Product - Epoxy Resin, Polyester Resin, and Phenol Formaldehyde Resin; Application - Aerospace and Defense, Automotive, and Construction): MENA Industry Analysis, Trends, Size, Share and Forecasts to 2027

MENA High Performance Thermostat Resins Market (Product - Epoxy Resin, Polyester Resin, and Phenol Formaldehyde Resin; Application - Aerospace and Defense, Automotive, and Construction): MENA Industry Analysis, Trends, Size, Share and Forecasts to 2027

Report Code: MENA007 Region: MENA Published: April, 2022

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.

Market Insight

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.

Segment Covered

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.

MENA High Performance Thermostat Resins Market

Companies Profiled:

The report provides profiles of the companies in the market such as NAMA Chemicals, Olin Corporation, Hexion, Huntsman Corporation LLC, and Teijin Limited.

Report Highlights:

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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