The global ceramic matrix composites market is studied in the latest research report from Market Research Future (MRFR). The report profiles the global ceramic matrix composites market’s historical background, present structure, and future growth prospects.
Ceramic matrix composites are composites wherein the ceramic matrix is reinforced with fibers. This adds to the structural integrity of the composites and removes brittleness. This makes these materials suitable for use in applications involving extremely high temperatures.
Competitive Analysis:
Leading players in the global ceramic matrix composites market include 3M, CeramTec, CoorsTek Inc., Kyocera Corporation, SGL Carbon India Pvt. Ltd., Rolls-Royce plc, Lancer Systems, General Electric, COI Ceramics Inc., and Applied Thin Films Inc.
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In March 2019, the U.S. DoE’s Oak Ridge National Laboratory (ORNL) and Rolls-Royce announced plans to use supercomputers to calibrate and smoothen the manufacturing of ceramic matrix composite parts. Lowering the cost of the production process of ceramic matrix composites is the major target in this endeavor, as ceramic matrix composites are likely to replace metals in the aerospace sector in the coming years, but manufacturing them remains highly expensive.
The growing use of ceramic matrix composites in the aerospace and defense sector is likely to be a major driver for the global ceramic matrix composites market over the forecast period. Aerospace sector manufacturers are obsessed with getting the most strength out of the lightest materials in order to make aircraft lighter and stronger. This has led to a large-scale reliance on ceramic matrix composites, which have proven to be the perfect material for use in various aerospace applications such as engine building, brake disks, turbine blades, and others. The increasing government spending on fighter jets in countries such as China, the U.S., the UK, and India is likely to remain a major driver for the global ceramic matrix composites market over the forecast period. The rising commercial airliner industry is also likely to bode well for the global ceramic matrix composites market over the forecast period.
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The automotive industry is also a major consumer of ceramic matrix composites and is likely to remain in the position over the forecast period. The growing government support to lightweight vehicles, which emit less carbon dioxide and other greenhouse gases than conventionally built vehicles, has led to growing demand for lightweight materials that can molded into the variety of shapes needed in a modern automobile. The high structural integrity of ceramic matrix composites has been vital in driving the demand for the same from the automotive industry.
Segmentation:
The global ceramic matrix composites market is segmented by type, category, process, application, and region.
On the basis of type, the ceramic matrix composites market is segregated into oxide/oxide, carbon/silicon carbide, silicon carbide, carbon/carbon, silicon carbide/silicon carbide, and others.
Based on category, the global ceramic matrix composites market is segmented into short fibers, long (continuous) fibers, whiskers, and others.
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By process, the ceramic matrix composites market is segmented into power dispersion, liquid precursors, and gaseous infiltration.
On the basis of application, the ceramic matrix composites market is segregated into aerospace, automotive, electronics, energy and power, industrial, and others. Aerospace holds a dominant 35% share in the global ceramic matrix composites market, followed by the automotive and electronics industries.
Regional Analysis:
The rising production of aircraft in the U.S. has led to North America emerging as the major regional market for ceramic matrix composites over the last few years. The region is likely to retain its position over the forecast period due to the consistent growth of the aerospace sector in the region and the large number of major aviation industry players operating in the region. The utility of ceramic matrix composites is likely to lead to their steady percolation throughout the industry over time, leading to steady growth of the ceramic matrix composites market.
Asia Pacific is likely to witness rapid growth of the ceramic matrix composites market over the forecast period due to the growing aerospace and electronics industries in countries such as China, India, Taiwan, and South Korea.
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The Ceramic Matrix Composites Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global Ceramic Matrix Composites market are 3M Company, Applied Thin Films Inc., CeramTec International, COI Ceramics Inc., CoorsTek Inc., General Electric Company, Kyocera Corporation, Lancer Systems LP, SGL Carbon Company, Starfire Systems Inc., Ube Industries Ltd., Ultramet, Inc and others..
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Ceramic Matrix Composites Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/ceramic-matrix-composites-market/download-sampleMarket DynamicsSilicon carbide reinforced silicon carbide (SIC/SIC) segment held the major share in 2019.
SIC/SIC is widely used in high-temperature application, owing to its properties such as resistance to high temperature and oxidation.
This is attributed to the fact that silicon carbide fiber offers high stiffness, high chemical resistance, high temperature tolerance, and low weight as well as thermal expansion.
Global Ceramic Matrix Composites market has been leaning towards the growth curve and contributing to the global economic scenario on the basis of growth rate and revenue.
The Global Ceramic Matrix Composites Market research report provides a detailed explanation to the reader about the fundamentals of the Ceramic Matrix Composites market, which is inclusive of the business strategies, market demands, key players, and a futuristic outlook of the market.The research report is inclusive of the impact analysis of the currently unfolding COVID-19 pandemic.
The pandemic has affected the economic scenario of the world and brought about dynamic changes in the demands and trends of key segments of the market.
The report covers the current and future impact of COVID-19 on the overall market.Get a Sample copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1240Major Players evaluated in the Report: Rolls-Royce PLC., General Electric Company, SGL Group, COI Ceramics Inc., Ceramtec, Lancer Systems, United Technologies, Applied Thin Films, Inc., Coorstek Inc., Composites Horizons, Ultramet, Graftech International Ltd. (Fiber Materials Inc.), Starfire Systems Inc., and Pyromeral Systems, among others.The substantial growth of the Ceramic Matrix Composites market over the last decade and the current trends and demands point towards its growth in the forecast period (2020-2027).
The report covers all the investment opportunities, market dynamics, threats, opportunities, challenges, restraining factors, and technological advancements in the global Ceramic Matrix Composites market.
The cumulative information about crucial segments provides a thorough analysis to the reader that might assist them in achieving expected goals for their business.Key Benefits of the Report: Clear understanding of the Ceramic Matrix Composites market and its operationsIndustrial chain analysis along with the current and future market trends and opportunitiesCurrent market scenario and forecast estimation up to 2027 to understand the full growth potential of the Ceramic Matrix Composites industryIn-depth analysis of the factors influencing the growth of the marketStrategic marketing recommendations, key information for market entrants, and expansion plans of other businesses to offer a competitive edge to the readerExtensive profiling of key competitors along with their business structures, strategies, and business expansion plansReinforcement type Outlook (Volume, Kilo tons; 2018-2026, Revenue, USD Billion; 2018-2026)Carbon/Carbon (C/C)Carbon/Silicon Carbide (C/SiC)Oxide/OxideSilicon Carbide/ Silicon Carbide (SiC/SiC)OthersAccess Full Report Description, TOC, Table of Figure, Chart, etc.
