High-Temperature Composite Materials Market
Also by region a global forecasts to 2021 is given. The high-temperature composite materials 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 % between 2016–2021.Ceramic matrix composite materials have the highest market share of the high-temperature composite materials market due to large demand from the aerospace and 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 and fuel burn, reduced noise, and ability to withstand very high temperatures are driving their growth in the aerospace and defense industry. The consumption of ceramic matrix composite materials is also predicted to increase due to growing demand from nuclear fusion and fission reactors and petrochemical applications.