Dublin, Aug. 19, 2024 (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 was valued at an estimated US$4.9 Billion in 2023 and is projected to reach US$8.2 Billion by 2030, growing at a CAGR of 7.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the high-temperature composite materials market is driven by several factors, primarily the increasing demand from the aerospace and defense sectors. These industries require materials that can perform under the extreme conditions of aerospace environments, where traditional materials cannot sustain. Technological advancements in material science that enhance the performance attributes of high-temperature composites - such as increased thermal stability and improved durability - are also key growth drivers.
Additionally, the shift towards more energy-efficient systems in automotive and industrial applications stimulates the need for materials that can operate at higher temperatures to achieve greater efficiency. Regulatory pressures and environmental considerations further push the development and adoption of these composites, as industries seek to reduce emissions and improve energy consumption. With ongoing innovation and increasing industrial demand, the market for high-temperature composites is expected to expand significantly, continuing to unlock new applications and opportunities.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the CMC Composite Materials segment, which is expected to reach US$4.1 Billion by 2030 with a CAGR of a 8.2%. The MMC Composite Materials segment is also set to grow at 7.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 9.4% CAGR to reach $862.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 3A Composites, BASF SE, Henkel AG & Co. KGaA, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global High-Temperature Composite Materials Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 410 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $4.9 Billion |
| Forecasted Market Value (USD) by 2030 | $8.2 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Need for Advanced Materials, the Cornerstone for Innovation & Growth of High Temperature Composite Materials
- Everything is Made Up of Something. The Era of Advanced Materials Continues to Transform & Elevate the High Temperature Composites Market: Global Market for Advanced Materials (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 2031
- Competition
- High-Temperature Composite Materials - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- High Temperature Composites Materials: Overview, Types, Applications & R&D
- Recent Industry Activity
- Innovations
MARKET TRENDS & DRIVERS
- Hypersonic Aircrafts & Missiles 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
- Lightweighting in Aerospace Components & Systems to Drive Growth in the Market
- Expansion of Global Commercial Airline Fleet to Spur Demand Opportunities for High-Temperature Composite Materials
- Aging Aircraft Expand Opportunities for Engineering Materials
- Fleet Upgrades & New Aircraft Manufacturing Opportunities to Open Parallel Growth Opportunities for High Temperature Composite Materials
- Robust Opportunities Emerge in Energy Storage Applications
- Technological Advances Especially in Materials Remain Important in Driving Energy Storage Capacity Additions
- Growing Demand for High Temperature Electronics to Drive New Opportunities for High Temperature Ceramic Composites
- Interest Spikes in Nano-Reinforced High-Temperature Composite Materials (HTCMs)
- Ceramic Matrix Composites (CMC), the Most Popular Type of High Temperature Composites
- Why Metal Matrix Composites (MMC) Are Finally Becoming the Material of Choice for Manufacturers
- Focus Shifts to Integrating Digital Technologies in the Manufacturing Process for HTCMs
- Continuous Innovations Will Be the Way Forward
- Continuous Fiber Composites & Hybrid Composites Emerge to be the Future of HTCMs
- Sustainability Takes the Spotlight in the High-Temperature Composite Materials Market
- As Global Pollution Continues to Rise, Sustainable HTCMs Will Become More Indispensable & Omnipresent
FOCUS ON SELECT PLAYERS(Total 83 Featured)
- 3A Composites
- BASF SE
- Henkel AG & Co. KGaA
- Hexion Inc.
- Nippon Carbon Co., Ltd.
- Renegade Materials Corporation
- SGL Carbon SE
- Solvay S.A.
- Teijin Limited
- Toray Advanced Composites
- Ube Corp.
For more information about this report visit https://www.researchandmarkets.com/r/4z8v22
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