Press release
Ceramic Matrix Composites Market is anticipated to reach US$ 6,500 Million by 2026
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A new report of Transparency Market Research has identified & profiled key companies that make significant contribution to growth of the ceramic matrix composites market, which include Specialty Materials, Inc., Ultramet, CoorsTek, CeramTec, COI Ceramics, Clariant Corporation (KiON Corporation), and Lancer Systems, LP. Most of the market players are integrated all around the supply chain. These manufacturers have a technological benefit over others, as the raw materials and production technologies selected for the production of ceramics greatly influence the inherent properties and prices of final products.
Sufficient Capital Requirement – Significant Entry Barrier for Niche Companies
The report envisages the global ceramic matrix composites market to ride on a spectacular CAGR over the period of forecast, 2017 to 2026. Global sales of ceramic matrix composites are evaluated to exceed US$ 6,500 Mn in revenues by 2026-end.
Various multinational industries are tapping into developing markets for catering robust requirement for CMCs across multiple applications. As ceramic matrix composites form a vital part of the manufacturing sector, the marketing and supply chain management activities account for significant portion of revenues generated by the market players. For niche companies, sufficient capital requirement stands as the most crucial as well as a significant barrier to their entry into the market. Leading manufacturers engulf well-established business intelligence units, which are responsible for collection of valuable & vital information on the customer behavior and experience.
Read Report Overview @ https://www.transparencymarketresearch.com/ceramic-matrix-composites-market.html
High Cost of CMCs Confining their Use to High-End Applications
Energy-intensive procedures of ceramic matrix composites production result into high cost of finished products, which confines their lucrativeness to high-end applications viz. defense, thermal management, and aerospace. Ceramic fibers, produced in demand-specific quantities, do not impart benefits of mass production. Nevertheless, advancements in metal joining and mining technologies are set to curtail the development cost of CMCs in the near future.
Conversion procedures involves in ceramic matrix composite manufacturing entail significant energy consumption, which in turn has led technology providers to take efforts in developing energy-efficient manufacturing processes. Developed nations are aiding the relevant R&D activities via joint ventures and public-private partnerships.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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