Dublin, May 11, 2023 (GLOBE NEWSWIRE) -- The "High-Temperature Composite Materials: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for High-Temperature Composite Materials estimated at US$4.5 Billion in the year 2022, is projected to reach a revised size of US$8.1 Billion by 2030, growing at a CAGR of 7.5% over the analysis period 2022-2030.
CMC, one of the segments analyzed in the report, is projected to record a 7.8% CAGR and reach US$3.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the MMC segment is readjusted to a revised 7.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 9.2% CAGR
The High-Temperature Composite Materials market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$838.8 Million by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 7.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.
Select Competitors (Total 57 Featured) -
- BASF SE
- Henkel AG & Co. KGaA
- Hexion Inc.
- Kyocera Unimerco A/S
- Nippon Carbon Co., Ltd.
- Renegade Materials Corporation
- Schweiter Technologies AG
- SGL Carbon SE
- Solvay S.A.
- Toray Advanced Composites
- Ube Industries, Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 354 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.5 Billion |
| Forecasted Market Value (USD) by 2030 | $8.1 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- High-Temperature Composite Materials - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Need for Advanced Materials, the Cornerstone for Innovation & Growth of High Temperature Composite Materials
- Everything is Made Up of Something: Robust Opportunity for Advanced Materials, the Foundation for Growth in the High Temperature Composites Market: Global Market for Advanced Materials (In US$ Billion) for Years 2020, 2022 and 2024
- Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
- COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- The First Vaccines Are Here! Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
- How Are Major End-Use Industries for High Temperature Composite Materials Impacted by the Pandemic & What's the New Normal?
- Military & Defense Industry
- Global Defense & Related Technologies Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Aerospace & Aviation
- Global Aerospace & Aviation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Transportation
- Global Transportation Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Energy & Power
- Global Energy Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Electronics & Electrical (E&E)
- Global Electrical & Electronics Equipment Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- High Temperature Composites Materials: Definition, Scope, Types, Applications, Research & Development
- Recent Industry Activity
- Innovations
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Hypersonic Aircrafts to Spur Demand for Ultra-High-Temperature Composite Materials
- As the Race to Leverage Emerging Opportunities in Hypersonics Begins, Material Innovations Remain Crucial in Breaking New Barriers: Global Market for Hypersonic Missiles (In US$ Million) for Years 2020, 2022, 2024, 2026
- Lightweighting in Aerospace Components & Systems to Drive Growth in the Market
- Global Fleet of Commercial Aircraft in 2036 by Region (in Units)
- Aging Aircraft Expand Opportunities for Engineering Materials
- Fleet Upgrades & New Aircraft Manufacturing Opportunities to Open Parallel Growth Opportunities for High Temperature Composite Materials: Global Average Aircraft Fleet Age (In Years) by Geographic Region/Country for Cumulative Period 2018-2023 and 2023-2028
- Robust Opportunities Emerge in Energy Storage Applications
- Why Energy Storage is Growing in Popularity?
- Here's How High-Temperature Composites Can Revolutionize Energy Storage
- Technological Advances Especially in Materials Remain Important in Driving Energy Storage Capacity Additions: Energy Storage Capacity Worldwide (In Gigawatt Hours) for Years 2020, 2025 & 2030
- Growing Demand for High Temperature Electronics to Drive New Opportunities for High Temperature Ceramic Composites
- Ceramic Matrix Composites (CMC), the Most Popular Type of High Temperature Composites
- CMCs In Aerospace
- Why Metal Matrix Composites (MMC) Are Finally Becoming the Material of Choice for Manufacturers
- Continuous Innovations Will Be the Way Forward
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/okyvqg
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