Comparative Study of High-Temperature Composite Material Market
The high-temperature composite material market is projected to grow at a healthy CAGR over the forecast period. High-temperature composites are lightweight composites that can withstand temperatures of up to 1000°C. The materials used in lightweight composites have outstanding thermo-mechanical endurance and dimensional consistency at high temperatures. Incombustibility, the elimination of smoke while subjected to heat or fire, and vibration resistance are all advantages of high-temperature composite materials. Heat shields, fire barriers, exhaust ducts, pipes containing hot fluids or gases, and other internal structures are only a few of their significant applications. High-temperature composite materials are often used as thermal and sound insulators in rocket fuel tanks, supercooled tanks, vehicle cylinders, nuclear power plants, and airplane fuselage heat insulation.
Due to rising geographical geopolitical tensions and the South China Sea, the demand for sophisticated defence equipment including hypersonic missiles, unmanned aerial vehicles, fighter aircraft, and communication and spy satellites is increasing. High-temperature composite resin material market is used in fighter jet engines, exterior bodies, nozzles, air defense systems, blades and propellers, leading edges for fire-resistant material, and hypersonic missiles, for submarine propulsion compartments.
Maintenance of High Standards
To meet current and future demanding standards, this sector needs additional products on a daily basis. Portfolio optimization is crucial in the high-temperature composite material business to maintain high competitiveness and satisfying composite end customers.
Use of Ceramics
The entire size of the aerospace and military sector will grow due to a significant increase in focus on high composites fighter jets like the F-35. The product is increasingly being used in interiors, engine parts, missiles, aircraft external structures, and satellites, among other applications. This is due to an increasing demand for ultra-high-temperature materials, that mean cutting long-haul flight times in half. The growing number of research efforts to encourage use of such ceramics in aerospace.
Performance of Polymer Material
Polymer-reinforced high-temperature material is preferred over metal-reinforced high-temperature material because it performs better under fatigue and is lighter. Polymer is thermally and oxidative stable, meaning it can endure high-temperature combustion without breaking molecular bonds. Because of its exceptional resilience to smoke, fire, and high temperatures, it is a fantastic choice for airline and automobile interior the exceptional features of high-temperature composite materials, the industry is growing.
Demand in the Defence
The growing need for ceramic matrix composite materials in the aerospace and military industries, they currently account for the vast bulk of the market. Piston chamber wall 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 irradiation and inertial confinement fusion expand. Due to qualities such as low weight, decreased fuel consumption, less nitrogen oxide emission, and reduced noise, the aerospace and defence sectors have been driving the development of high-temperature composite materials.
Demand in Automotive Industry
The fire, smokes and toxicity (FST) compliance and weight reduction, polymer matrix composite materials are becoming more popular in the automotive sector. Due to the growing popularity of new light passenger trains, the demand for high polymers matrix composite materials is also growing. The principal elements driving their demand in the transportation industry, primarily in North America and Europe, are health, safety, and environment (HSE) laws for hazardous smoke emission levels. The market is driven by strict safety regulations in public transportation and increased demand for less density and high composite materials in the aerospace and military, transportation, and energy and power industries.
North America to Dominate the Market
The market for high-temperature composite materials in North America is predicted to increase at the fastest rate. Infrastructure development, investment by high-temperature composite materials producers, and capacity expansions by various key players are just a few of the reasons driving the market in this area forward. In North America, the United States dominated the market for high-temperature composite materials. Due to expansion in the aerospace & defence and transportation industries, the consumption of high-temperature composites has risen exponentially.
Insight of COVID-19
The global economy was slowed by the COVID-19 pandemic, which posed unprecedented problems to a variety of industrial sectors around the world. The pandemic has disrupted the supply chain, notably in terms of raw ingredients for the production of high-temperature composite material products. Several sectors of the economy have suspended operations as a consequence of the pandemic, resulting in a decline in market growth. The high-temperature composite material business felt the brunt of the crisis, with demand for the product stalling in the aerospace & defense, electrical & electronics, automotive, building and construction sectors, among others. MRI and surgical target devices, C scanners, tables, X-ray couches, and equipment all used modern composite fully compatible despite the epidemic.
