Quick Summary:
In an era of immense technological innovation and industrial growth, the high-temperature composite materials market demonstrates profound potential for significant progress. This cutting-edge sector, valued at $4.5 Billion in 2022, is estimated to undergo substantial expansion, reaching an impressive figure of $8.1 Billion by 2030.
Senior executives eyeing opportunities in the industry will find our comprehensive research report an invaluable resource. Offering a keen analysis of prominent market segments, the report delivers expert insights into the major geo-economic landscapes, including the U.S. and China, as well as promising markets like Japan, Canada, and Germany. Benefit from a 360-degree view of the competitive dynamics within the sector with a detailed study of key players, including powerhouses like BASF SE, Henkel AG, and Solvay S.A. Your purchase grants access to our digital archives and research platform, with updates offered complimentary for one year, keeping you abreast of emerging trends and new developments in this thriving field.
Economic Outlook
The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US$6 trillion economy by 2030, surpassing Japan and Germany.The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global High-Temperature Composite Materials Market to Reach $8.1 Billion by 2030
The global market for High-Temperature Composite Materials estimated at US$4.5 Billion in the year 2022, is projected to reach a revised size of US$8.1 Billion by 2030, growing at a CAGR of 7.5% over the analysis period 2022-2030. CMC, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$3.9 Billion by the end of the analysis period. Growth in the MMC segment is estimated at 7.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 9.2% CAGR
The High-Temperature Composite Materials market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$838.8 Million by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 7.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.Select Competitors (Total 57 Featured)
- 3M Company
- DuPont de Nemours, Inc.
- Akzo Nobel NV
- Evonik Industries AG
- Arkema Group
- Cabot Corporation
- DIC Corporation
- Ceramtec GmbH
- COI Ceramics, Inc.
- 3A Composites International AG
- Barrday Inc.
- De-Comp Composites, Inc.
- Diatex SAS
- AOC Aliancys
- Avient Corp.
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- Special discussions on the global economic climate and market sentiment
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- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- BASF SE
- Henkel AG & Co. KGaA
- Hexion Inc.
- Kyocera Unimerco A/S
- Nippon Carbon Co., Ltd.
- Renegade Materials Corporation
- Schweiter Technologies AG
- SGL Carbon SE
- Solvay S.A.
- Toray Advanced Composites
- Ube Industries, Ltd.