The high temperature composite materials
market will gain leverage from rising disposable income worldwide resulting in
a high vehicular population. With a growing number of people having a better
income at their disposal, the number of vehicles on the road has increased
remarkably. Approximately 95 million vehicles both commercial and passenger
were sold in 2018. High temperature composite materials are used in vehicles
for their agility and lightweight nature. They’re also environment-friendly and
exhibit high performance. The high temperature composite materials market share
has been estimated to grow at a CAGR of 7.9% during the forecast period
2019-2025. In 2018, the high temperature composite materials market size
reached $4.3 billion. Some of the high temperature composite materials are fiber
reinforced polymer, metal matrix composites, advanced composite materials, ceramic
matrix composites, and high stretching forces material.
North
America To Geographically Lead The High Temperature Composite Materials Market
High Temperature Composite Materials Market: Key Application
On the basis of application, the high
temperature composite materials market can be segmented into aerospace,
defense, transportation, energy, power, electrical, electronics, and others.
Transportation has emerged as the most promising segment of the market owing to
the large demand for high temperature composite materials in vehicles. This
application segment has been evaluated to grow with a CAGR of 7.5% during the
forecast period 2019-2025.
High Temperature Composite Materials Market: Competitive Landscape
The companies which hold majority shares in the high temperature composite materials market share are Kyocera Chemical Corporation, Royal Tencate N.V., Renegade Materials Corporation, Lonza Group, Ube Industries Ltd., 3M Co., General Electric Co., CeramTec GmbH, SGL Carbon SE, Vesuvius PLC, Lancer Systems LP, Ultramet Inc, Starfire Systems Inc.
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A. Composite Materials Market
https://www.industryarc.com/Report/246/composite-materials-market-analysis-report.html
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High Temperature Composite Materials Market: Competitive Landscape
The companies which hold majority shares in the high temperature composite materials market share are Kyocera Chemical Corporation, Royal Tencate N.V., Renegade Materials Corporation, Lonza Group, Ube Industries Ltd., 3M Co., General Electric Co., CeramTec GmbH, SGL Carbon SE, Vesuvius PLC, Lancer Systems LP, Ultramet Inc, Starfire Systems Inc.
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https://www.industryarc.com/support.php?id=500266
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