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', published by MarketsandMarkets, In terms of value, the 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 percent between 2016 and 2021.
Ceramic matrix
Ceramic matrix composite materials have the highest market share of the High-Temperature Composite Materials Market due to large demand from the aerospace & defense industry. High-temperature ceramic is used in cylinder sleeves in engines, piston-recess walls bearings, and brake disks. Their properties such as reduced nitride oxide emission, less weigh & fuel burn, reduced noise, and ability to withstand very high temperatures are driving their growth in the aerospace & defense industry. Besides this, the consumption of ceramic matrix composite materials is also predicted to increase due to growing demand from nuclear fusion & fission reactors and petrochemical applications.
Polymer matrix
The demand for high-temperature polymer matrix composite materials in the transportation industry for weight reduction and fire, smoke & toxicity (FST) compliance is growing in the modern light and passenger rails. Further, health, safety, and environmental regulations regarding toxic smoke emission standards, specifically, in North America and Europe, are the major factors driving the demand of FST complaint high-temperature thermoset and thermoplastic composite materials in the transportation industry.
END