High-Temperature Composite Materials Market Size & Forecast Report - 2026 to 2030

The global high-temperature composite materials market size is projected to grow at a significant CAGR of over 7% during the forecast period 2021 to 2027. The strong demand for the product from aerospace & defense and transportation is a major factor to drive the market growth. Furthermore, the properties associated with the product such as lightweight, high strength, are temperature resistance is anticipated to increase the demand for the product, which is expected to fuel the market growth. Moreover, the increasing demand for high-temperature electronics is expected to fuel the market growth.

Market Drivers:

Growing Demand from Aerospace and Defense Industries: The aerospace and defense industries are significant drivers of the high-temperature composite materials market. These industries require materials that can withstand extreme temperatures and provide excellent mechanical properties. High-temperature composite materials, such as carbon fiber-reinforced polymers (CFRP) and ceramic matrix composites (CMC), offer high strength, lightweight properties, and excellent thermal resistance. They are used in aircraft engines, rockets, missile systems, and other high-temperature applications, driving the demand for these materials.

Increasing Need for Fuel Efficiency: The pursuit of fuel efficiency is a crucial driving factor for the high-temperature composite materials market. The lightweight nature of composite materials helps reduce the overall weight of vehicles, aircraft, and other transportation systems. By using high-temperature composites in engine components, structural parts, and other applications, manufacturers can achieve weight reduction and improve fuel efficiency. As regulations and consumer demand for fuel-efficient vehicles and aircraft increase, the demand for high-temperature composite materials grows.

Advancements in Manufacturing Technologies: Technological advancements in manufacturing processes have played a significant role in the growth of the high-temperature composite materials market. Innovations such as automated fiber placement, resin transfer molding, and additive manufacturing have improved the production efficiency and reduced the cost of manufacturing high-temperature composites. These advancements have made high-temperature composite materials more accessible to various industries, driving their adoption.

Growing Demand for High-Performance Materials: The demand for high-performance materials is increasing across various industries, including automotive, aerospace, energy, and electronics. High-temperature composite materials possess exceptional mechanical properties, resistance to extreme temperatures, and excellent dimensional stability. They can operate under harsh conditions, such as high temperatures, corrosive environments, and high mechanical loads. The need for high-performance materials in demanding applications fuels the demand for high-temperature composite materials.

Expansion of Renewable Energy Sector: The expansion of the renewable energy sector, particularly in wind and solar power, drives the demand for high-temperature composite materials. Wind turbine blades and solar panels require materials that can withstand high temperatures, UV exposure, and environmental stresses. High-temperature composite materials offer superior strength, stiffness, and thermal stability, making them suitable for renewable energy applications. As the demand for renewable energy sources grows, so does the demand for high-temperature composite materials.

Stringent Regulatory Standards: Stringent regulatory standards related to emissions, safety, and performance requirements in various industries contribute to the adoption of high-temperature composite materials. For example, in the automotive industry, regulations such as Corporate Average Fuel Economy (CAFE) standards and European Union emission standards drive the use of lightweight and fuel-efficient materials. High-temperature composite materials enable manufacturers to meet these regulatory standards while maintaining performance and safety requirements.

Increasing Application in Industrial Heating and Furnaces: High-temperature composite materials find application in industrial heating systems and furnaces. They are used as insulation materials, combustion chamber linings, and heat shields to withstand high temperatures and provide thermal efficiency. The demand for energy-efficient industrial heating systems and furnaces drives the adoption of high-temperature composite materials in these applications.

Growing Demand from Emerging Economies: Emerging economies, especially in Asia-Pacific and Latin America, are witnessing rapid industrialization and infrastructure development. These regions are experiencing increased demand for high-temperature composite materials in industries such as aerospace, automotive, energy, and construction. The growing manufacturing activities and infrastructure projects in these economies fuel the demand for high-temperature composite materials.

Market Snapshot:

Market Insights:

The global high-temperature composite materials market is bifurcated into temperature, matrix system, application, and geography. On the basis of the matrix systems, the market is further segmented into polymer, ceramic, and metal matrix composite materials. The ceramic matrix composite material segment dominated the global market in 2020 and accounted to hold the largest revenue share of over two-third of the market by the end of the analysis period. the increasing demand for the product in various applications such as gas turbines, suction boxes, turbine engines, engine components, and others is a major factor to drive the segment growth.

On the basis of application, the market is segmented into aerospace & defense, transportation, energy & power, electronics & electrical, and others. The aerospace & defense segment dominated the global high-temperature composite materials market in 2020 and expected to maintain its dominance over the forecast period. The increasing demand for the product in aero-engine and interior components is a major factor to drive the segment growth. Furthermore, the properties associated with the product such as durability, lightweight, and low maintenance cost are further expected to fuel the segment growth over the forecast period.

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The high-temperature composite materials comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The high-temperature composite materials market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

• 2018-19 – Historical Year
• 2020 – Base Year
• 2021-2027 – Forecast Period

Market Segmentation:

By Temperature:

• High
• Ultra-High

By Matrix System:

• Polymer Matrix Composite (PMC)
• Ceramic Matrix Composite (CMC)
• Metal Matrix Composite (MMC)

By Application:

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

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Geographic Coverage

Geographically, North America dominated the global high-temperature composite materials market in 2020 and accounted to hold the largest revenue share of over one-third percent of the market by the end of the analysis period. The fast-growing aerospace & defense sector is one of the prominent factor driving the market growth in the region. Furthermore, the growth in the infrastructure industry and the increasing investment by manufacturers are further anticipated to boost the market growth in North America.

Competitive Assessment

Some of the major market players operating in the global high-temperature composite materials market are BASF SE, Kyocera Chemical Corporation, Henkel AG & Co. KGAA, Hexion Inc., and UBE Industries Ltd. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• BASF SE
• Kyocera Chemical Corporation
• Henkel AG & Co. KGAA
• Hexion Inc.
• UBE Industries Ltd.
• SGL Group
• Cytec Industries, Inc.
• Schweiter Technologies
• Royal Tencate N.V.
• Nippon Carbon Company Ltd.

Key Questions Answered by High-Temperature Composite Materials Market Report

• Global high-temperature composite materials market forecasts from 2021-2027
• Regional high-temperature composite materials market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2021-2027 covering 15 major countries from the regions as mentioned above
• High-temperature composite materials submarket forecasts from 2021-2027 covering the market by temperature, by matrix system, by application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about high-temperature composite materials market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level high-temperature composite materials markets from 2021-2027
• Competitive Landscape and market positioning of top 10 players operating in the high-temperature composite materials market