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Ceramic Matrix Composites Market Application Analysis, Growth Trends, Industry share & forecast 2017 to 2024
Global Ceramic Matrix Composites Market size is likely to witness significant gains, expanding at a high CAGR by 2024. Ceramic matrix composites are a subgroup of technical ceramics and composite materials.
Properties such as electrical conductivity and high thermal stability have made ceramic matrix composites suitable for numerous thermal and related applications where weight to strength ratio and high efficiency is of utmost importance.
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The soaring prices of the product limit the applications to niche segments. These high prices can be attributed to the high prices of ceramic fibers. The production volumes of alumina and silicon carbide are small as compared to carbon fibers, and only a few major players in North America and Europe lead the ceramic matrix composites market.
The product has been proved successful in overcoming the prominent disadvantages of conventional ceramics such as brittle failure and low thermal shock resistance & fracture toughness.
The overall ceramic matrix composites market, based on product type, can be segmented into carbon, silicon carbide (SiC), oxides and carbon fiber reinforced silicon carbon (C/SiC). Carbon/carbon matrix composites accounted for largest ceramic matrix composites market share in 2016. The use of carbon/carbon matrix composites for braking system in automobile and aerospace industry due to its elevated temperature & friction resistant properties and low weight, has propelled the product demand in recent years.
SiC matrix composites are developed commercially, and properties such as high oxidation resistance compared to carbon matrix composites have made the product segment desirable for aerospace applications.
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Based on applications of the product, ceramic matrix composites market can be categorized into aerospace & defense, energy & power, automotive and electrical & electronics. The product also has applications in industrial, bio-medical and marine industry.
North America led the ceramic matrix composites market share in 2016 and is anticipated to witness fast pace by 2024. The regional ceramic matrix composites market size growth can be attributed to the developing aerospace and defense industry along with strict regulations stressing the use of fuel efficient and light weight products.
Asia Pacific shall be the fastest growing region for the ceramic matrix composites market over the forecast timespan.
The Ceramic Matrix Composites Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Ceramic Matrix Composites Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis 3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
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4. Ceramic Matrix Composites Product Insights
5. Ceramic Matrix Composites Application Insights
6. Ceramic Matrix Composites Regional Insights
7. Competitor Profiles
The prominent players operating in the industry are SGL group, General Electric Company, CeramTec International, Applied Thin Films Inc., 3M Company, COI Ceramics Inc. and Rolls-Royce PLC. Other companies include Ultramet Inc., Starfire Systems Inc., United Technologies and Ube Industries Limited. The major companies have their patented technology for the product manufacturing, and some companies borrow the patented technologies.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com
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