High-Temperature Composite Materials are composite materials that can withstand higher temperatures than conventional composite materials. They are typically made of a combination of high-temperature-resistant fibers and resins like carbon, Kevlar, and PEEK. The aerospace, automotive, medical, and energy industries are the primary drivers of their use and demand. These materials are used to make engine parts, fuel tanks, exhaust manifolds, and other high-temperature components for automotive and aerospace applications, as well as medical implants and radiation shielding. They are also used in the energy industry to insulate steam and hot water pipes, as well as turbines. The demand for High-Temperature Composite Materials is expected to grow as new applications are developed and as the aerospace, automotive, medical, and energy industries increasingly rely on them. In terms of value, the high-temperature composite materials market size was USD 3.36 Billion in 2015 and is projected to reach USD 5.01 Billion by 2021, registering a CAGR of 8.41% between 2016 and 2021.
The report “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%.
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Key Drivers in High-Temperature Composite Materials Market
- Increasing Demand for Lightweight Materials: The growing demand for lightweight materials in aerospace, automotive, and other industries is propelling the high-temperature composite materials market forward. The use of these materials in place of metal components reduces overall product weight and thus increases fuel efficiency.
- Increasing Preference for Automation: The growing preference for automation in manufacturing processes is also propelling the high-temperature composite materials market forward. The use of these materials contributes to the reduction of the weight of machinery components, making them more efficient and cost-effective.
- Growing Demand for High-Performance Materials: The rising demand for high-performance materials is also propelling the high-temperature composite materials market forward. The use of these materials improves the finished product’s strength and durability, making it more suitable for use in high-performance applications.
- Increasing Adoption of Advanced Manufacturing Processes: The growing use of advanced manufacturing processes is also propelling the high-temperature composite materials market forward. The use of these materials aids in the reduction of manufacturing time and cost, making them more suitable for use in high-performance applications.
- Technological advancements: Technological advances in the manufacturing of high-temperature composite materials have enabled manufacturers to produce higher-quality materials at lower costs. As a result, the cost of these materials has decreased, making them more affordable to end users.
Matrix System: Ceramic matrix composite materials comprise major share of the high-temperature composite materials market.
Ceramic matrix composites (CMCs) are a type of composite material made up of a ceramic matrix reinforced with fibrous or particulate reinforcement. They’re used in a variety of industries, including aerospace, automotive, defence, and energy. CMCs are extremely heat-resistant materials capable of withstanding temperatures of up to 1,500°C (2,700°F). They are used in a variety of high-temperature applications due to their superior mechanical and thermal properties, such as hot gas turbine blades and combustors, rocket nozzles, and exhaust systems. CMCs have a high strength-to-weight ratio and are resistant to thermal shock and oxidation, making them ideal for high-temperature applications. As a result, they are increasingly being used in industries such as aerospace, automotive, defense, and energy, where they are replacing traditional metallic materials. As a result, CMCs have a major share of the high-temperature composite materials market.
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Polymer matrix based high-temperature composite materials are in high demand in the transportation industry
In the transportation sector, polymer matrix-based high-temperature composite materials have long been used. In the automotive industry, these materials have been employed to create parts for engines, exhaust systems, and other parts. These materials have made it possible to create components that are lighter, more effective, and more long-lasting. They are excellent for use in high-performance applications since they are also very resistant to high temperatures. These materials can also be modified to meet the requirements of a given application, enabling the production of custom parts for a range of uses. As the need for these components has grown in recent years, the utilisation of polymer matrix-based high-temperature composite materials has been growing quickly. This is due to the need for lighter materials that can withstand higher temperatures, while still providing the necessary strength and durability.
North America accounts for a major share of the high-temperature composite materials market
The largest market for high-temperature composite materials is North America, followed by Europe, Asia Pacific, and the Rest of the World. The presence of many aerospace and automotive companies, which are increasingly using high-temperature composite materials due to their low weight, high strength, and corrosion resistance, can be attributed to the region’s growth. Significant investments are also being made in research and development activities in the region, with the goal of developing advanced materials with higher temperature resistance. Furthermore, the presence of an established manufacturing infrastructure as well as key players such as 3M, Lockheed Martin, and Boeing are driving the growth of the North American high-temperature composite materials market.
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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.
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