Polymer matrix based high-temperature composite materials are in high demand in the transportation industry

High-Temperature Composite Materials Market

The market size of high-temperature composite materials is projected to reach USD 5.01 Billion by 2021, at a CAGR of 8.41% during the forecast period. The introduction of safety norms in public transport as well as increasing demand for lightweight and high-performance composite materials in the aerospace & defense, transportation, and energy & power applications are key factors responsible for the growth of the high-temperature composite materials market.

Polymer matrix based high-temperature composite materials are in high demand in the transportation industry

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.

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North America accounts for a major share of the high-temperature composite materials market

North America accounts for the largest market of high-temperature composite materials, globally, due to the high demand from the aerospace & defense industry and regulatory norms requiring the use of eco-friendly materials. Along with the existing capacities, several high-temperature composite manufacturers, such as GE aviation (U.S.) and Boeing Research & Technology (U.S.), are expanding their production capacities for high-temperature oxide/oxide ceramic matrix composite materials. The demand for high-temperature composite materials in North America is projected to continuously increase in the near future because of significant performance, less pollution, and advent of new manufacturing techniques. This is further expected to increase the production volumes and decrease the cost of high-temperature composite materials.

Some of the key global players prevailing in the high-temperature composite material market are Kyocera Chemical Corporation (Japan), Royal Tencate N.V. (Netherlands), Renegade Materials Corporation (U.S.), Lonza Group (U.S.), and Ube Industries Ltd. (Japan) among others. These players have adopted various organic and inorganic developmental strategies during the forecast period. For instance, Royal Tencate N.V. and Performance Polymer Solutions (U.S.) entered into an agreement to develop and market high-temperature polymer prepreg materials for F-35 Joint Strike Fighter program.

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