Ceramic Matrix Composites Market Insights | Key players: General Electric Company, Rolls-Royce Plc., SGL Group, COI Ceramics, United Technologies, CeramTec, Lancer Systems, CoorsTek, Applied Thin Films, Ultramet

According to recent research " Ceramic Matrix Composites Market by Matrix Type (Oxide/Oxide, SiC/SiC, Carbon/Carbon), Application (Aerospace & Defense, Automotive, Energy & Power, Electrical & Electronics), and Region - Global Forecast to 2026", published by MarrketsandMarkets™, The ceramic matrix composites market is projected to reach USD 7.51 Billion by 2026, growing at a CAGR of 9.65%, from 2016 to 2026. The demand for light weight and high-performance ceramic matrix composites in automotive and aerospace & defense applications is propelled by regulatory norms emphasizing on the use of light weight and fuel efficient materials.

Browse 84 market data tables and 44 figures spread through 140 pages and in-depth TOC on “Ceramic Matrix Composites Market - Global Forecast to 2026”
https://www.marketsandmarkets.com/Market-Reports/ceramic-matrix-composites-market-60146548.html

Early buyers will receive 10% customization on this report.

The growing demand for lightweight and high-temperature materials in aerospace and defense structural applications is enhancing the growth of the ceramic matrix composites market globally

North America is expected to be largest and the fastest-growing market for ceramic matrix composites during the forecast period. The high demand for ceramic matrix composites in this region is due to the rising demand in aerospace and defense applications such as exhaust nozzle, nose cap, and turbofan engines. The high penetration of ceramic matrix composites in this region can also be attributed to the growing strength of USD, low interest rates, presence of large number of ceramic matrix manufacturers, and increasing R&D in new matrix types and R&D activities. The need for developing lightweight materials to curb oil prices and reduce carbon footprint is further boosting the aerospace composites market in North America.

With the highest concentration of ceramic matrix composites manufactures, the U.S. leads the ceramic matrix composites market in North America as well as globally. Lightweight, increased fuel efficiency, and high performance properties are driving the growth of ceramic matrix composites in the commercial airlines of this region. Further, major ceramic composite manufacturers such as General Electric Company (U.S.) are extensively investing and increasing their production capacities of ceramic matrix composites to meet the high demand for LEAP engines from commercial airline companies such as Boeing.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=60146548

The key companies offering ceramic matrix composites are mainly involved in investments & expansions, acquisitions, and agreements/partnerships/joint ventures to strengthen their position in the global ceramic matrix composites market. Through investments & expansions, the key players are trying to increase their manufacturing capabilities of ceramic matrix composites to cater the increase in demand from emerging markets such as Asia-Pacific. In addition, the players are investing to offer new, technologically advanced ceramic matrix composites products. For example, General Electric Company has invested in a 100 acre manufacturing center in Huntsville to manufacture jet engines and land based gas turbines for electric power.

From 2012 to 2016, agreements/partnerships/joint ventures, investments & expansions, and acquisitions were the key strategies of the market players. Investments & expansions accounted for a share of 46.67% among all development activities in the global ceramic matrix composites market. Acquisition was the second most-preferred growth strategy, and accounted for 26.67% of the total development strategies in the global ceramic matrix composites market.

Request Sample@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=60146548

The major manufacturers profiled in this report are Rolls-Royce Plc. (U.K.), CeramTec (Germany), SGL Group (Germany), General Electric (U.S.), United Technologies (U.S.). Lancer Systems (U.S.), CoorsTek (U.S.), CoI Ceramics Inc. (U.S.), Applied Thin Films Inc. (U.S.), Ultramet (U.S.), and others. These companies have adopted various organic and inorganic growth strategies such as agreements/partnerships/joint ventures, investments & expansions, acquisitions, and new product launches to expand their global presence and increase their penetration into the global ceramic matrix composites market

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
newsletter@marketsandmarkets.com

This release was published on openPR.