Ceramic Matrix Composites Market Report 2023 - Growth, Demand, Share And Key Trends 2032 | General Electric Company, Rolls-Royce, SGL Carbon, Axiom Materials Inc., United Technologies

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Ceramic Matrix Composites Market Size, Growth Rate, And Forecast

The global ceramic matrix composites market size grew from $12.41 billion in 2022 to $13.64 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ceramic matrix composites market size is expected to grow to $20.24 billion in 2027 at a CAGR of 10.4%.

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Ceramic Matrix Composites Market Drivers

The high demand for lightweight automobiles across the globe is contributing to the growth of the ceramic matrix composites market. The increased demand for lightweight electric vehicles has turned automakers' focus to lightweight composite materials as a substitute for heavier steel and iron in vehicles.

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Ceramic Matrix Composites Market Segments

1. By Type: Oxide/Oxide, Carbon/Silicon Carbide, Carbon/Carbon, Silicon Carbide/Silicon Carbide.
2. By Category: Short Fiber, Long Continous Fiber, Whiskers.
3. By Production Method: Powder Dispersion, Reactive Melt Infiltration, Polymer Impregnation and Pyrolysis, Gaseous Infiltration, Chemical Vapor Infiltration, Sol-Gel.
4. By End-Use Industry: Aerospace and Defense, Transportation, Energy, Electrical and Electronic, Medical.
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Ceramic Matrix Composites market.

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Ceramic Matrix Composites Market Key Players

Major competitors in the ceramic matrix composites market include General Electric Company, Rolls-Royce, SGL Carbon, Axiom Materials Inc., United Technologies, 3M Company, COI Ceramics, Lancer Systems.

The Business Research Company's "Global Ceramic Matrix Composites Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Ceramic Matrix Composites Market Include:

1. Executive Summary
2. Ceramic Matrix Composites Market Characteristics
3. Ceramic Matrix Composites Market Trends And Strategies
4. Ceramic Matrix Composites Market - Macro Economic Scenario
5. Ceramic Matrix Composites Market Size And Growth
……
26. Africa Ceramic Matrix Composites Market
27. Ceramic Matrix Composites Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ceramic Matrix Composites Market
29. Ceramic Matrix Composites Market Future Outlook and Potential Analysis
30. Appendix

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