All updated as on -
In 2022, the whole worldwide market was estimated to be worth $121.0 Mn USD. From 2023 to 2030, it is predicted to increase at a CAGR of 5.5%, ultimately reaching US$ 179.8 Mn.
Phthalonitrile (PN) resin is a high-tech polymer with exceptional qualities, making it ideal for demanding industries like aerospace and the military. It's a polyimide, which means it's a high-performance thermosetting resin. In addition to its exceptional mechanical qualities, PN resin is also flame retardant, electrically insulating, and resistant to high temperatures. Resins based on phthalonitrile have an excellent strength-to-weight ratio, low moisture absorption, and great thermal stability. Its versatility makes it useful in many contexts.
To create phthalonitrile resin, phthalic anhydride is reacted with aromatic diamines to form a strongly cross-linked polymer. By applying heat and pressure, the resin hardens into a three-dimensional network with the desired qualities. Due to its wide range of useful features, phthalonitrile resin has seen increased demand from industries as varied as aerospace, defence, electrical & electronics, automotive, and construction.
Phthalonitrile resin's performance and usefulness have both seen major boosts thanks to technological developments. Complex forms, enhanced part consolidation, and decreased production time are all possible with phthalonitrile resin composites thanks to the use of techniques like resin transfer moulding (RTM) and additive manufacturing (3D printing).
The characteristics of phthalonitrile polymer have been improved with the use of nanotechnology. Nanoparticles and nanofibers, for example, can be incorporated into resin composites to increase their mechanical strength, electrical conductivity, and thermal stability. Market expansion for phthalonitrile resin can be attributed to the material's increasing adaptability and use across industries as a result of increased R&D spending.
Report Coverage
Global Phthalonitrile Resin research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Phthalonitrile Resin report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Phthalonitrile Resin competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Phthalonitrile Resin market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Phthalonitrile Resin market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Phthalonitrile Resin market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ITECMA, Azista Industries Private Limited, Huntsman Corporation, Toray Advanced Composites, Renegade Materials Corporation, Hexcel Corporation, Lonza Group, Ten Cate BV, and Alfa Aesar.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Phthalonitrile Resin market based on the below-mentioned segments:
Global Phthalonitrile Resin market, By Application
Aircraft Components
Automotive Components
Electronic Packaging
Fire Resistant Garments
Building Materials
Wind Blade Components
Ship Components
Others
Global Phthalonitrile Resin Market, By End User
Aerospace & Defense
Automotive
Electrical & Electronics
Power
Textile
Building & Construction
Marine
Others
Global Phthalonitrile Resin market, Regional Analysis
Phthalonitrile (PN) resin is a high-tech polymer with exceptional qualities, making it ideal for demanding industries like aerospace and the military. It's a polyimide, which means it's a high-performance thermosetting resin. In addition to its exceptional mechanical qualities, PN resin is also flame retardant, electrically insulating, and resistant to high temperatures. Resins based on phthalonitrile have an excellent strength-to-weight ratio, low moisture absorption, and great thermal stability. Its versatility makes it useful in many contexts.
To create phthalonitrile resin, phthalic anhydride is reacted with aromatic diamines to form a strongly cross-linked polymer. By applying heat and pressure, the resin hardens into a three-dimensional network with the desired qualities. Due to its wide range of useful features, phthalonitrile resin has seen increased demand from industries as varied as aerospace, defence, electrical & electronics, automotive, and construction.
Phthalonitrile resin's performance and usefulness have both seen major boosts thanks to technological developments. Complex forms, enhanced part consolidation, and decreased production time are all possible with phthalonitrile resin composites thanks to the use of techniques like resin transfer moulding (RTM) and additive manufacturing (3D printing).
The characteristics of phthalonitrile polymer have been improved with the use of nanotechnology. Nanoparticles and nanofibers, for example, can be incorporated into resin composites to increase their mechanical strength, electrical conductivity, and thermal stability. Market expansion for phthalonitrile resin can be attributed to the material's increasing adaptability and use across industries as a result of increased R&D spending.
Report Coverage
Global Phthalonitrile Resin research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Phthalonitrile Resin report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Phthalonitrile Resin competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Phthalonitrile Resin market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ITECMA, Azista Industries Private Limited, Huntsman Corporation, Toray Advanced Composites, Renegade Materials Corporation, Hexcel Corporation, Lonza Group, Ten Cate BV, and Alfa Aesar. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Phthalonitrile Resin Market from 2021 to 2030.
- Market Forecast for Phthalonitrile Resin Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Phthalonitrile Resin competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Phthalonitrile Resin
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Phthalonitrile Resin market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Phthalonitrile Resin market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ITECMA, Azista Industries Private Limited, Huntsman Corporation, Toray Advanced Composites, Renegade Materials Corporation, Hexcel Corporation, Lonza Group, Ten Cate BV, and Alfa Aesar.
Primary Target Market
- Market Players of Phthalonitrile Resin
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Phthalonitrile Resin market based on the below-mentioned segments:
Global Phthalonitrile Resin market, By Application
Aircraft Components
Automotive Components
Electronic Packaging
Fire Resistant Garments
Building Materials
Wind Blade Components
Ship Components
Others
Global Phthalonitrile Resin Market, By End User
Aerospace & Defense
Automotive
Electrical & Electronics
Power
Textile
Building & Construction
Marine
Others
Global Phthalonitrile Resin market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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