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Ceramic Matrix Composites Market Expected to Reach $7,707 Million by 2023 : Manufacturers, Regions, Types, Major Drivers, Revenue with top key players Rolls-Royce PLC., COI Ceramics Inc., SGL Group. Ceramtec, Lancer Systems., Coorstek Inc., Applied Thin F

11-14-2018 04:06 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Ceramic Matrix Composites Market Expected to Reach $7,707

According to a new report published by Allied Market Research, titled, "Ceramic Matrix Composites Market by Fiber Type, Type, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global ceramic matrix composites market was valued at $3,900 million in 2016, and is projected to reach at $7,707 million by 2023, growing at a CAGR of 10.3% from 2017 to 2023. The oxide-oxide (Ox/Ox) segment accounted for the maximum share of total market in 2016.

Ceramic matrix composites are considered as materials consisting of ceramic matrix combined with a ceramic, such as oxides and carbides, in the dispersed phase. These materials exhibit multiple physical & mechanical properties such as high refractoriness and brittleness. Moreover, the ceramic fiber composites provide toughness and strength at high temperatures, therefore find wide application in aerospace & defense industry in ballistic applications.

Get sample copy of this report :
https://www.alliedmarketresearch.com/request-sample/2436

At present, the global market witnesses numerous opportunities, owing to high temperature stability and better thermal shock resistance boosting the demand for aircraft component production. Moreover, the energy & power segment is estimated to emerge as the growing application of ceramic composites. In addition, growth in the aerospace & defense sectors and installation of new power plants in Asia-Pacific are expected to boost the market growth. However, surge in customization requirement and slower adoption in newer applications are expected to restrict the market growth during the forecast period.

Key Findings of the Ceramic Matrix Composites Market:

• In terms of value, the silicon carbide reinforced silicon carbide (SiC/SiC) segment is anticipated to exhibit the highest growth rate of 10.7% during the analysis period.

• Asia-Pacific is anticipated to lead the market in 2023, and is projected to grow with a CAGR of 11.0%, in terms of value.

• The aerospace & defense segment occupied one-third of the total market in 2016.

• Brazil occupied more than one-third of the total LAMEA ceramic matrix composites market in 2016.

• In terms of value, Japan is expected to grow at a CAGR of 11.7% from 2017 to 2023.

Access Full Summary at: https://www.alliedmarketresearch.com/ceramic-matrix-composites-market

The oxide-oxide segment accounted for the maximum share, in terms of volume, in 2016. Moreover, this segment witnesses strong demand for aerospace, defense, and energy & power applications, owing to improved properties of oxide compounds such as no oxidation, fracture resistant, and less expensive production process.

Top key players :

• Rolls-Royce PLC.
• COI Ceramics Inc.
• SGL Group. Ceramtec
• Lancer Systems.
• Coorstek Inc.
• Applied Thin Films Inc.
• Ultramet
• Composites Horizons
• Starfire Systems Inc.

Table of content :

Chapter: 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

Chapter: 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

Chapter: 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTER’S FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increasing demand for ceramic matrix composites in automotive industry
3.4.1.2. Increasing demand for light weight fuel efficient vehicles
3.4.1.3. Excellent mechanical properties at higher temperatures

3.4.2. Restraints

3.4.2.1. Higher costs compared to other alloys

3.4.3. Opportunities

3.4.3.1. Increasing research and development activities and bulk production of ceramic fibers.

Send Enquiry on this report @
https://www.alliedmarketresearch.com/purchase-enquiry/2436

About Us:

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
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help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

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