Polybenzoxazine resins are relatively economical as compared to Bismaleimide (BIS) resins, which gives them an upper hand over BIS resins. They possess several properties such as high strength, flame retardance, low water absorption, high temperature resistance, dimensional stability and less curing time and thus, offer superior performance. Polybenzoxazine resins are synthesized by the reaction of phenol, formaldehyde and amine. The formulation of polybenzoxazine resins is halogen-free, which gives them an advantage over traditional resins.

Polybenzoxazine resins are recently-developed addition polymer compounds which is polymerized phenolic system. Polybenzoxazine resins are thermosetting polymers that are lightweight compounds exhibiting high strength. They are ideal alternatives for various types of traditional resins such as epoxy and phenolic resins in challenging applications.

The molecular structure of polybenzoxazine resins provides them with high design flexibility along with good mechanical strength, which makes them popular in the aerospace and automotive industry. Polybenzoxazine is widely used in interior panels, lavatories, bulkheads and in primary & secondary structures in the aerospace industry. In the automotive industry, polybenzoxazine resins are used in the production of frames, under the hood components, body panels and structural reinforcement of vehicles such as cars, buses and trucks.

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Polybenzoxazine resins are used in the preparation of composite pipes, down-hole plugs and risers for oil & gas industry. They are also used in the chemical industry, mainly for autoclave tooling and in high pressure vessels. In the electronic industry, polybenzoxazine resins are used in the manufacturing of halogen-free laminates for PCBs. These resins are gaining attention from the construction industry, due its high mechanical strength & dimensional flexibility.

Polybenzoxazine Resins Market: Dynamics

Polybenzoxazine resins are gaining traction in the building and construction industry, owing to their physical & mechanical properties. The increasing population and growth in urbanization in developing regions are fuelling the growth of the building & construction industry. Growth of the building & construction industry is expected to drive the growth of the polybenzoxazine resins market. Manufacturers are focusing on reducing the weight of aircraft to enhance efficiency and performance, which in turn is driving the demand for polymer composites in aircraft production.

Growth of the aerospace industry is expected to surge the demand for polybenzoxazine resins. 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 Resins Market: Market Participants

Key players operating in the polybenzoxazine resins market include Kaneka Aerospace and SHIKOKU CHEMICALS CORPORATION.

The polybenzoxazine resins market research report presents a comprehensive assessment of the polybenzoxazine resins market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The polybenzoxazine resins market research report provides analysis and information according to polybenzoxazine resins market segments by geography, application and industry, among others.

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The polybenzoxazine resins market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with polybenzoxazine resins market attractiveness as per segments. The report also maps the qualitative impact of various market factors on the polybenzoxazine resins market segments and geographies.

Polybenzoxazine Resins Market: Segmentation

By Product Type:

  • Bisphenol A Benzoxazine Resin
  • Bisphenol F Benzoxazine Resin
  • Others

By Application:

  • Aerospace & Defense
  • Transportation
  • Electrical & Electronics
  • Others

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