Global High Temperature Composite Material Market - Forecasts from 2022 to 2027

The high-temperature composite material market is projected to grow at a healthy CAGR over the forecast period. A composite material is made up of two or more elements with markedly different chemical and physical properties which, when combined, generate material with qualities that are distinct from the individual elements. High-Temperature Composite Materials are usually described by their maximum application temperature about the melting temperature of the material, which is highly dependent on the applied stress level and corrosive environment resistance.

Due to increased use in the electronics and electrical, automotive, and transportation sectors, the market for high-temperature composite materials will grow rapidly in the coming years. The aviation industry has made great achievements as a result of falling fuel prices and increased air traffic levels, complementing the need for commercial aircraft. The market will be aided by the increasing number of national investments in defence equipment. They are widely used in the automobile industry to meet the growing demand for lightweight, fuel-efficient vehicles.

Because of the increased need for ceramic matrix composite materials in the aerospace and military industries, they now hold the majority of the market share. Piston recess walls, bearings, brake discs, and cylinder sleeves are all made of high-temperature ceramic. Ceramic matrix composite materials are becoming more popular as their applicability in petrochemical and nuclear fission and inertial confinement fusion expand. Due to qualities such as low weight, decreased fuel consumption, less nitride oxide emission, and reduced noise, the aerospace and defence sectors have been driving the development of high temperatures.

Owing to their fire, smoke, and weight reduction, polymer matrix composite materials are becoming more popular in the automotive sector. The market for high-temperature polymeric matrix composite materials is also growing because modern light passenger railways are becoming increasingly popular.

The aerospace and military sector's overall size will grow due to a considerable rise in demand for high-temperature composite fighter jets like the F-35. Interior, missiles, engine parts, aircraft exterior structures, and satellites are among the many components for which the product is being used more frequently. This is due to a growing preference for ultra-high-temperature materials, which help to shorten the duration of long-haul flights. Another major driver of the segment's growth is the increasing number of research projects involving the use of ceramics in aerospace.

North America dominates the high-temperature composite materials market, which is expected to rise during the forecast period as a result of regulatory requirements for the use of environmentally friendly materials in the aerospace and defence sectors growing demand. The worldwide high-temperature composite materials market is also driven by reduced emissions, the introduction of new manufacturing techniques, and substantial performance.

COVID-19 Impact on High Temperature Composite Material Market

The global economy was impeded by the COVID-19 pandemic, which posed unprecedented problems to a variety of industrial sectors around the world. The high-temperature composite material business felt the brunt of the crisis, with demand for the product stalling in the aerospace & defence, automotive, electrical & electronics, and building & construction sectors, among others. Despite the pandemic, sophisticated composite prepregs saw extensive use in a variety of medical applications, including MRI & C scanners, surgical target instruments, X-ray couches, tables, and equipment.

Market Segmentation:

• By Type

Polymer matrix composite materials

Ceramic matrix composite materials

Metal matrix composite materials

• By End-Use type

Aerospace and defense

Transportation

Energy and Power

Electronics and Electrical

Others

• By Geography

North America

• USA
• Canada
• Mexico

South America

• Brazil
• Argentina
• Others

Europe

• United Kingdom
• Germany
• France
• Italy
• Others

Middle East and Africa

• Saudi Arabia
• Israel
• Others

Asia Pacific

• China
• Japan
• India
• South Korea
• Indonesia
• Thailand
• Taiwan
• Others