The Global Market for high-performance resin matrix composites is expected to reach $17 billion by 2025, according to a recent research report by Global Market Insights.

Strong growth in the aviation sector, including commercial and civil aviation, will be the primary driver of growth in the high performance resin matrix composites market over the next few years.

High performance resin matrix composites with superior performance, high wear resistance and strength are suitable for the production of aircraft parts.

The continuous advancement of urbanization and the continuous improvement of consumer spending power will certainly have a positive impact on the number of global air passengers.

For example, the global total passenger km RPK (also known as passenger turnover) was only 4 billion in 2006, and will exceed 15 billion by 2033.

The rapid growth of aircraft production and the reduction of airfare will accelerate the market demand for high performance resin matrix composite products in the expected time frame.

The size of the high performance resin matrix composites market is having an impact on the automotive industry in terms of manufacturing lightweight and high-strength components.

For example, the global auto industry produced about 8.7 million vehicles in 2013 and is expected to produce more than 130 million vehicles by 2025.

Social and economic factors such as improved lifestyles and rising disposable income will have a significant impact on global car sales.

During the forecast period, high production costs and high product prices may act as a barrier to further expansion of the high performance composite market.

However, with the increasing attention to renewable energy, the demand of wind farms for fan blades will definitely play a positive role in the development of high-performance composite materials market.

In addition, global wind power generation is expected to grow by a further 12 per cent by 2025 as the market becomes less dependent on fossil fuels.

In 2017, resin sales accounted for more than 55% of the total capacity of the high-performance resin matrix composite market.

The main resin products include epoxy resin, phenolic resin and polyester resin.

Its high strength and excellent wear resistance will further expand the market size of high performance resin matrix composites in the near future.

The growing demand for high-performance composite materials is mainly used in the manufacture of automotive components, fan blades, aerospace components, ship structures and electrical conductors.

Epoxy resin has been widely used in shipbuilding due to its excellent adhesion and waterproof properties.

In addition, due to its high resistance, flame retardant and excellent mechanical properties, high performance resin will be widely used in electronic materials and metal connection in the next few years, and it will play a positive role in promoting the development of high performance resin matrix composite market.