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Aerospace Ceramics Market To Garner Significant Revenues Through 2028

02-06-2020 02:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Aerospace Ceramics Market

Aerospace Ceramics Market

According to QMI, the global aerospace ceramics market is projected to reach USD XX billion by 2028, at a CAGR of XX% during the forecast period. Ceramics have been used in space shuttles for many years and are increasingly being adopted by commercial and military aircraft. Ceramic materials have several properties that make them appealing to the aerospace industry.

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The global aerospace ceramics market report may be a comprehensive overview of the market covering various aspects like product definition, different parameter-based segmentation, distribution channels, supply chain analysis and customary vendor environments. We gather thorough information that identifies the source through proven research methods. In the report on aerospace ceramics, readers can access market information in a smart and logical format. Graphs and tables are in place to help readers get a better insight into the global market for aerospace ceramics.

Following are the properties which make ceramic composites appealing-
o High mechanical strength even at high
temperatures
o High thermal shock resistance
o High stiffness
o High toughness
o High thermal stability
o Low density and lightweight
o High corrosion resistance even at high temperatures

Market segmentation by QMI-
Based on the type of aircraft, the aerospace ceramics market can be segmented into commercial, single-engine piston, helicopters, military, and spacecraft. Among these, the commercial aircraft segment is expected to have the highest share. This is due to the increased air traffic. The increase in the affordability of flights has resulted in the rise in the number of people traveling by flights in the past years. The growth in the overall passengers is likely to fuel the aerospace ceramics market segment in the future. Also, to reduce fuel consumption, which is one of the major costs in operating an airplane, many of the parts in the aircraft are being replaced by lighter materials including ceramics. The Spacecraft segment is expected to see significant growth during the forecast period. This is mainly due to the excellent thermal properties provided by ceramics enabling them to be used in various engine components like the nozzle, combustor liners, shrouds, etc.

Aerospace industry to bring more demand for ceramic coatings-
In a report by NASA's Environmentally Responsible Aviation (ERA), they stated the need to reduce NOx emissions, fuel burn and noise from engine turbine components. To help meet these goals, commercially-produced ceramic matrix composite components and environmental barrier coatings (EBCs) are being evaluated as parts and panels.

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Based on product type, composites are expected to dominate the aerospace ceramics market throughout the forecast period. Ceramic composites are used widely in many parts of an aircraft. The properties of ceramics mentioned above are highly appealing to aircraft manufacturers. Excellent thermal properties and lightweight of these composites are some of the key properties propelling their market demand. Ceramic coatings are mainly used in aerospace as thermal barrier coatings (TBCs) in the hot part of the engine.

Silicon Carbide to be the most popular aerospace ceramics.
By material, the most popular is Silicon Carbide(SiC). SiC matrix composites, which are being commercially developed, are seeing high demand from the aerospace industry since they possess properties such as high oxidation resistance compared to other matrix composites. Silicon carbide fibers reinforce most of discontinuous or short fiber CMCs due to their high strength and stiffness (modulus of elasticity).

Based on application, the aerospace ceramics market is segmented into electrical & electronics, structural and turbine. Advanced ceramics are widely used in the electronics industry, and the average aircraft has a large number of complex electronics.

One such significant advancement includes improvements in the fracture toughness, primarily for structural ceramics. Unlike the traditional ceramics with low strength, the new-age advanced ceramics are making headway with unparalleled strength and robustness. Several new technologies are introduced to the fore over the recent years that are aimed toward ameliorating the efficiency of advanced ceramics, like fiber reinforcement and incorporation of extra duct binders, influencing year-on-year growth of the global aerospace ceramics market.

Understanding the regional growth pattern of Aerospace Ceramics market
Europe and North America are expected to have the highest demand for ceramics in aerospace. Most countries in these regions are developed like the US and Canada in North America and Germany and the UK in Europe. These countries have continuously adopted new technologies in making the aircraft more efficient and durable. Moreover, government regulations regarding fuel emissions are very stringent in these regions and are leading to the increasing adoption of ceramics in aircraft. Furthermore, the presence of the biggest space agencies likes NASA in the US and Europe Space Agency (ESA) in Western Europe and Roscosmos in Russia are expected to fuel the demand for ceramics.

Reasons for the growth of Aerospace Ceramics Market:
o Lightweight and excellent thermal properties.
o Increasing air traffic and commercial aircraft
manufacturing.
o Increasing adoption of ceramics in spacecraft.
o Stringent government regulations.
o Technological advancements in ceramic
composites.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. 1.VX Aerospace
2. SGL Group
3. Hindustan Aeronautics Ltd.
4. Teijin Ltd.
5. Rauschert Steinbach GmbH
6. Mcdnel Advanced Ceramic Technologies LLC
DowDuPont Inc.
7. Composite Horizon LLC
8. Pratt & Whitney
9. Honeywell International Inc.
10. and GE Aviation.

Reasons To Buy This Report:
o Market size estimation of the global aerospace ceramics market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the?aerospace ceramics?market with key developments.
o Broad scope to cover all the possible segments helping every stakeholder in the market.

Major developments in the Aerospace Ceramics Market:
o In May 2018, GE Aviation opened a new factory in Alabama with the investments reaching USD 200 million. The facility is that the U.S.'s only unique location that produces ceramic matrix composites (CMCs) component manufacturing to be utilized in the most well liked portions of reaction propulsion .
o GE Aviation also achieved manufacturing of 30 thousand 3D printed fuel nozzle tips in October the same year.
o In November 2018, Safran opened a CMC research center in Bordeaux to accelerate the development of the material through world-class and state-of-the-art equipment.
o In April 2019, UCLA researcher developed a ceramic aerogel which can be used for insulation in the spacecraft as it can withstand intense heat and severe temperature changes.

Market Segmentation:
o By Aircraft:
o Commercial
o Single Engine Piston
o Helicopters
o Military
o Spacecraft
o By Product Type:
o Composites
o Oxide/Oxide
o SiC/SiC
o C/C
o C/SiC
o Others
o Coatings
o Aerogels
o By Material:
o Alumin
o Zirconia
o Mullite
o Silicon Carbide
o Carbon
o Others
o By Application:
o Electrical & Electronics
o Sensors
o Antennas
o Capacitors
o Resistors
o Others
o Structural
o Engine Components
o Rocket Exhaust Cones
o Insulating Tiles
o Others
o Turbine
o By Region:
o North America
o By Country (US, Canada, Mexico)
o By Aircraft
o By Product Type
o By Material
o By Application
o Western Europe:
o By Country (Germany, UK, France, Spain, Rest of Western Europe)
o By Aircraf
o By Product Type
o By Material
o By Application
o Eastern Europe:
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Aircraft
o By Product Type
o By Material
o By Application
o Asia Pacific
o By Country (China, Japan, India, Rest of Asia Pacific)
o By Aircraft
o By Product Type
o By Material
o By Application
o Middle East:
o By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
o By Aircraft
o By Product Type
o By Material
o By Application
o Rest of the World
o By Region (South America, Africa)
o By Aircraft
o By Product Type
o By Material
o By Application

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:

QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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