"Exotic" materials are not required for simple quick rocket flights at velocities to ~Mach=2.5. A fiberboard airframe rocket with AC grade plywood fins and plastic NC assembled with TiteBond(R) (or equivalent) wood glue wiil survive just fine provide the fins are stiff (thick) enough not to flutter and the airframe and NC are stiff (thick) enough not to buckle at max V. If you make it stiff enough, your biggest problem will be finding it after the flight because it goes so high....
The primary airframe requirement is stiffness to prevent column buckling, and it is not subject to much heating so material selection is not as important as the NC tip an the leading edges where peak aerodynamic heating can result in rapid and catastrophic material degradations above Mach=2.5.
Aerodynamic heating is proportional to the product of the Mach Number cubed and the atmospheric density. Going really fast at low altitudes for long times is where you have big thermal failure issues at the NC tip and fin leading edges.
- The aeroheating at Mach 2 is (2/1)^3 = 8 times higher than Mach 1, 16 times higher at Mach 2.5, 27 times higher at Mach 3, and 64 times higher at Mach 4!
- Altitude reduces the heating due to the density reduction: at 22 KFt the density is 50% of sea level so the heating is reduced by a factor of 2, and at 59KFt the density is 10% of sea level so the heating is reduced by a factor of 10.
Aerodynamic airframe heating due to conductive and convective heat transfer from the slipstream boundary layer is several orders of magnitude lower than on the leading edges and not an issue with hobby rockets. CF airframe is the lightest solution to make a sufficiently stiff tube for high Mach flight. A commercial tube made to industry specs and heat treated to 250F/350F should be fine.