The High-Temperature Composite Materials – Global Strategic Business Report is now available on ResearchAndMarkets.com. The market for high-temperature composite materials was valued at approximately $4.9 billion in 2023 and is anticipated to grow to $8.2 billion by 2030, with a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. This report offers a thorough analysis of market trends, drivers, and forecasts to aid in making strategic business decisions.
Key growth drivers include rising demand from the aerospace and defense sectors, where high-temperature composites are essential due to their superior performance in extreme conditions. Advances in material science are enhancing the thermal stability and durability of these composites, further fueling growth. The push for energy-efficient systems in automotive and industrial applications also drives demand for materials that can withstand higher temperatures. Regulatory pressures and environmental considerations are accelerating the adoption of these materials as industries strive to reduce emissions and improve energy efficiency.
Key Insights:
- Market Growth: The CMC Composite Materials segment is projected to reach $4.1 billion by 2030, growing at an 8.2% CAGR, while the MMC Composite Materials segment is expected to grow at a 7.5% CAGR.
- Regional Analysis: The U.S. market, valued at $1.5 billion in 2023, and China, projected to grow at a 9.4% CAGR to $862.4 million by 2030. Other key regions include Japan, Canada, Germany, and the Asia-Pacific region.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and forecasts in USD millions from 2023 to 2030.
- Regional Analysis: Detailed insights into major markets including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
- Company Profiles: Information on key players such as 3A Composites, BASF SE, Henkel AG & Co. KGaA, and more.
- Complimentary Updates: Free report updates for one year to stay current with market developments.
Key Questions Answered:
- How will the global high-temperature composite materials market evolve by 2030?
- What are the primary drivers and constraints affecting the market?
- Which segments will experience the most growth during the forecast period?
- How will market shares for various regions and segments change by 2030?
- Who are the leading market players, and what are their prospects?
Key Attributes:
- 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:
The high-temperature composite materials sector is evolving rapidly, with advanced materials driving innovation and growth. Emerging applications and technological advancements are expanding market opportunities, especially in aerospace, energy storage, and electronics.
Market Trends & Drivers:
- Increased demand for ultra-high-temperature composites driven by hypersonic aircraft and missiles.
- Growth in lightweight aerospace components and systems.
- Expansion of the global commercial airline fleet and the need for aircraft upgrades.
- Advances in energy storage and high-temperature electronics.
- Rising interest in nano-reinforced and sustainable composite materials.
Focus on Select Players:
- 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 details, visit ResearchAndMarkets.com.
