The global ceramic matrix composite material market was explored in the latest research report from Market Research Future (MRFR). The report details the historical background of the global ceramic matrix composite market, its current structure and future growth prospects.
Ceramic matrix composites are composites in which the ceramic matrix is reinforced with fibers. This adds to the structural integrity of the composites and removes fragility. This makes these materials suitable for use in applications that involve extremely high temperatures.
The increasing use of ceramic matrix composites in the aerospace and security sector is expected to be a major driving factor for the global ceramic matrix composite market during the forecast period. Aerospace manufacturers are obsessed with extracting the most power from the lightest materials to make aircraft lighter and more powerful. This has led to large-scale reliance on ceramic matrix composites, which have proven to be the perfect material for use in various aerospace applications such as engine construction, brake discs, turbine blades and others. Increasing government spending on fighter jets in countries such as China, the US, UK and India is expected to remain a key factor for the global ceramic matrix composites market during the forecast period. .
The automotive industry is also a major consumer of ceramic matrix composites and is expected to remain in position throughout the forecast period. Increasing government support for light vehicles, which emit less carbon dioxide and other greenhouse gases than conventionally built vehicles, has led to a growing demand for lightweight materials that can be shaped into the variety of shapes needed in a modern car. The high structural integrity of ceramic matrix composites was essential in driving demand for the same from the automotive industry.
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Competitive analysis:
Leading players in the global market of ceramic matrix composites include 3M, CeramTec, CoorsTek Inc., Kyocera Corporation, SGL Carbon India Pvt. Ltd., Rolls-Royce plc, Lancer Systems, General Electric, COI Ceramics Ltd., and Applied Thin Films Inc.
In March 2019, the DoE Ridge National Laboratory (ORNL) and DoE Rolls-Royce in the US announced plans to use supercomputers to calibrate and smooth the production of ceramic matrix composites. Lowering the cost of manufacturing ceramic matrix composites is the primary goal In this effort, since ceramic matrix composites are expected to replace metals in the aerospace sector in the coming years, their production remains very expensive.
Target Audience
- Aerospace industry
- Automotive industry
- The energy and electricity industry
- Industrial industry
- The electrical and electronics industry
- Research institutes
- Academic institutes
- Government organizations
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Segmentation:
The global composite materials market of ceramic matrix is segmented by type, category, process, application and region.
Based on type, the market of composite materials of ceramic matrix is separated into oxide / oxide, carbon / silicon carbide, silicon carbide, carbon / carbon, silicon carbide / silicon carbide and others.
Based on category, the global ceramic matrix composite matrix market is segmented into short fibers, long fibers (continuous), mustache and others.
By process, the composite material market of a ceramic matrix is segmented for power dissipation, liquid precursors and gaseous penetration.
Based on the application, the ceramic material market of ceramic matrix is separated into aerospace, automotive, electronics, energy and power, industry and others. Aerospace holds a dominant share of 35% in the global ceramic matrix composite materials market, followed by the automotive and electronics industries.
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Regional analysis:
The growing production of aircraft in the US has led to North America emerging as the main regional market for ceramic matrix composites in recent years. Of ceramic matrix composites may lead to their permanent infiltration across the industry over time, which will lead to steady growth of the ceramic matrix composites market.
Asia Pacific is expected to see rapid growth in the ceramic matrix market for ceramic matrices during the forecast period due to the aerospace and electronics industries growing in countries such as China, India, Taiwan and South Korea.
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