High-Temperature Composite Materials Market Soars as Aerospace & Defense Applications Drive Demand

High-temperature composite materials are a type of composite material that is engineered to endure severe temperatures. These materials are utilized in a number of applications, including aerospace, automotive, and industrial. The materials are made up of two or more components, such as carbon fibers, glass fibers, and resin, and are designed to preserve their strength and stability even at high temperatures. High-temperature composite materials are used to create components and parts that must withstand extreme temperatures, such as aircraft engines and space shuttle components.

The global "High-Temperature Composite Materials Market by Temperature Range (High and Ultra-High), Matrix System (PMC, CMC and MMC Materials), Application (Aerospace & Defense, Transportation, Energy & Power, E&E and Others) and by Region - Global Forecasts to 2021", In terms of value, the high-temperature composite materials market size was projected to reach USD 5.01 Billion by 2021, registering a CAGR of 8.41%. This growth is attributed to the high demand for high-temperature composite materials in the aerospace & defense and transportation industries, driven by the regulatory norms, ability to withstand elevated temperatures and stress without cracking, high strength, and superior performance.

Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=7130448 

Matrix System: Ceramic matrix composite materials comprise major share of the high-temperature composite materials market

Ceramic matrix composite materials have the highest market share of the high-temperature composite materials market due to large demand from the aerospace & defense industry. High-temperature ceramic is used in cylinder sleeves in engines, piston-recess walls bearings, and brake disks. Their properties such as reduced nitride oxide emission, less weigh & fuel burn, reduced noise, and ability to withstand very high temperatures are driving their growth in the aerospace & defense industry. Besides this, the consumption of ceramic matrix composite materials is also predicted to increase due to growing demand from nuclear fusion & fission reactors and petrochemical applications.

Polymer matrix-based high-temperature composite materials are in high demand in the transportation industry

The demand for high-temperature polymer matrix composite materials in the transportation industry for weight reduction and fire, smoke & toxicity (FST) compliance is growing in the modern light and passenger rails. Further, health, safety, and environmental regulations regarding toxic smoke emission standards, specifically, in North America and Europe, are the major factors driving the demand of FST complaint high-temperature thermoset and thermoplastic composite materials in the transportation industry.

Get the Latest Version of the Report at: https://www.marketsandmarkets.com/RequestNewVersion.asp?id=7130448 

North America accounts for a major share of the high-temperature composite materials market

North America accounts for the largest market of high-temperature composite materials, globally, due to the high demand from the aerospace & defense industry and regulatory norms requiring the use of eco-friendly materials. Along with the existing capacities, several high-temperature composite manufacturers, such as GE aviation (U.S.) and Boeing Research & Technology (U.S.), are expanding their production capacities for high-temperature oxide/oxide ceramic matrix composite materials. The demand for high-temperature composite materials in North America is projected to continuously increase in the near future because of significant performance, less pollution, and advent of new manufacturing techniques. This is further expected to increase the production volumes and decrease the cost of high-temperature composite materials.

Some of the key global players prevailing in the high-temperature composite material market are Kyocera Chemical Corporation (Japan), Royal Tencate N.V. (Netherlands), Renegade Materials Corporation (U.S.), Lonza Group (U.S.), and Ube Industries Ltd. (Japan) among others. These players have adopted various organic and inorganic developmental strategies during the forecast period. For instance, Royal Tencate N.V. and Performance Polymer Solutions (U.S.) entered into an agreement to develop and market high-temperature polymer prepreg materials for F-35 Joint Strike Fighter program.

Read Our Trending Press Release Below:

Security Inks Market- Global Forecast to 2027

Laminating Adhesives Market- Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441