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Ceramic Matrix Composites Market Analysis, Trends, Growth, Research And Forecast 2032
Ceramic Matrix Composites Market
The Business Research Company's Ceramic Matrix Composites Global Market Report 2023 identifies high demand for lightweight automobiles as the major driver for the ceramic matrix composites market's growth in the forecast period. 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.
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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Major competitors in the ceramic matrix composites market are General Electric Company, Rolls-Royce, SGL Carbon, Axiom Materials Inc., United Technologies, 3M Company, COI Ceramics, Lancer Systems.
A key trend in the ceramic matrix composites market includes strategic collaborations and partnerships.Strategic collaboration and partnerships between key market players creating innovative technologies to develop innovative products and sustain the position in the ceramic matrix composites market. For instance, in April 2020, United Technologies Corporation, a US-based conglomerate company, merged with Raytheon Company, a U.S.-based defence contractor and industrial corporation company, for an undisclosed amount.
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The ceramic matrix composites market is segmented -
• By Type: Oxide/Oxide, Carbon/Silicon Carbide, Carbon/Carbon, Silicon Carbide/Silicon Carbide
• By Category: Short Fiber, Long Continous Fiber, Whiskers
• By Production Method: Powder Dispersion, Reactive Melt Infiltration, Polymer Impregnation and Pyrolysis, Gaseous Infiltration, Chemical Vapor Infiltration, Sol-Gel
• By End-Use Industry: Aerospace and Defense, Transportation, Energy, Electrical and Electronic, Medical
• 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.
The Business Research Company's "Global Ceramic Matrix Composites Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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