The penetration of lightweight composites in the development of advanced engine technology requiring high thermal stability fueled the growth of high temperature matrix systems.

The adoption of new standards can have a significant impact on the insulation industry, as observed in Russia and Mexico in the near future—quantifying this impact, however, is difficult and extremely speculative.

Increased demand for valves from healthcare & pharmaceuticals industries and growing investment in research & development are some of the major factors driving the market growth.

Increasing demand from aerospace segment is one of the major reasons behind this market growth. The cost of carbon fibres is directly proportional to the cost of precursor raw materials from which they are obtained.

Growth in the importance of safety valves in industrial practice and the expansion of nuclear energy generation are the main driving factors for developing the market’s growth.