Global Ceramic Matrix Composites Market Poised to Witness Lucrative Growth at a CAGR of 8.1% during Period 2017-2026

The global market discussion on ceramic matrix composites can be found in the latest study, added to the wide archive of Market Research Hub (MRH) with the title of “Ceramic Matrix Composites Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026”. This is a 170-page precise study, offering readers a clear perspective of the market which accurately predicts the future of the market and also gives an impression of the present market situation. This 267-page in-depth report reveals insight into the crucial aspects of the global market important segments, competitive landscape and major factors fueling growth. Also, the market has been segmented into six regions: North America, Latin America, Europe, Asia Pacific and MEA.

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Overview and Key Highlights

It has been analyzed that ceramic matrix composites seek enormous applications in various industrial sectors that include chemical, energy & environment, aerospace & defense, and mechanical; therefore it has given huge momentum to the market growth. As per the active research evaluations, global ceramic matrix composites market is predictable to expand at an encouraging CAGR of 8.1% from 2017 to 2026. Also, the revenues generated from the global sales is anticipated to cross a valuation of US$ 6,500 million by the end of this period.

In the initial section, the report presents a detailed market overview of ceramic matrix composites market. This section comprises qualitative analysis, by considering the factors shaping the market drivers, opportunities and restraints, together with Porter's five forces and market attractiveness analysis. Some of the prime findings identified by the study include:

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The major advantages of ceramic materials over other materials is their flexibility to oxidation and deterioration at elevated temperatures, their high melting points, and high compressive fortes. The noticeable thermal shock resistance and damage tolerance CMCs has led to their growing application in making structures that are subject to extremely hot conditions, such as in internal engine components.

Presently, industries such as energy and power and electrical and electronics are expected to serve the dominant demand for CMCs. Besides, automotive, aerospace and defense industries are proving to be highly lucrative for the sales of CMCs during the forecast period.

From a geographical perspective, the APEJ market is expected to lead the market in terms of sales growth, throughout the mentioned forecast. This is because of excess raw material sources and low-waged labor available in the region’s developing nations such as China and India.

Based on product type, the ceramic matrix composites market is segmented into carbon/carbon, SiC/SiC, oxides/oxides, and other types. Of these, the SiC/SiC is expected to account for the leading share in the global market over the forecast period.

At present, key players functioning in the global ceramic matrix composites market include CeramTec, Specialty Materials, Inc., Clariant Corporation (KiON Corporation), CoorsTek, Ultramet, COI Ceramics, and Lancer Systems, LP.

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This release was published on openPR.