Blog Information
- Posted By : dean ambrose
- Posted On : May 25, 2023
- Views : 128
- Category : Technology
- Description : The global ceramic matrix composites market size reached US$ 9.90 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.25 Billion by 2028, exhibiting a growth rate (CAGR) of 10.23% during 2023-2028.
Overview
IMARC Group, a leading market research company, has recently releases report titled “Ceramic Matrix Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global ceramic matrix composites market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the ceramic matrix composites market?
Report Attributes
Details
Market Size in 2022
US$ 9.90 Billion
Market Forecast in 2028
US$ 18.25 Billion
Growth rate (2023 to 2028)
CAGR of 10.23%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is ceramic matrix composites?
Ceramic matrix composites represent advanced composite materials made of various ceramic fibers embedded in a ceramic matrix structure. Some of the common product types include silicon carbide reinforced silicon carbide, carbon-reinforced carbon, oxide-oxide, and others. Ceramic matrix composites are lightweight, can withstand higher temperatures, have improved chemical stability, and are resistant to everyday wear and tear, as compared to traditional material composites. They even exhibit enhanced stiffness, thermal shock resistance, non-magnetic and non-conductive properties, and thermal, mechanical, dimensional, and chemical stability. Consequently, ceramic matrix composites find widespread applications across numerous sectors, such as automotive, aerospace, defense, energy and power, electricals and electronics, etc.
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What are the growth prospects and trends in the ceramic matrix composites?
The expanding employment of the product in the automotive industry to replace heavy steel and iron in vehicle production with lightweight composite materials is primarily driving the ceramic matrix composites market. Additionally, the escalating need for the product in manufacturing several aircraft components, such as nose caps, engine nozzles, tail cones, fins, body flaps, rudders, leading edges, and panels, is also positively influencing the global market. Furthermore, the development of novel multifunctional products with the use of nanoscience and nanotechnology to enhance their properties, electrical conductivity, and toughness is acting as another significant growth-inducing factor.
Besides this, the increasing integration of ceramic matrix composites in electronic circuits, on account of their high thermal conductivity, and the elevating product demand for manufacturing sensor protection, infrared domes, and multi-spectral windows, owing to their excellent impact strength and hardness, which make them suitable for producing bullet-proof armor and insulation in small arms weapons platforms are further propelling the market growth. Moreover, the growing usage of the materials in high-speed mechanical components and power transmission lines is expected to catalyze the ceramic matrix composites market in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Composite Type Insights:
- Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
- Carbon Reinforced Carbon (C/C)
- Oxide-Oxide (Ox/Ox)
- Others
Fiber Type Insights:
- Short Fiber
- Continuous Fiber
Fiber Material Insights:
- Alumina Fiber
- Refractory Ceramic Fiber (RCF)
- SiC Fiber
- Others
Application Insights:
- Aerospace and Defense
- Automotive
- Energy and Power
- Electricals and Electronics
- Others
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 3M Company
- Applied Thin Films Inc
- Axiom Materials Inc.
- CeramTec GmbH
- COI Ceramics Inc.
- CoorsTek Inc.
- Lancer Systems LP
- SGL Carbon SE
- Specialty Materials Inc. (Global Materials LLC)
- Starfire Systems Inc.
- Ultramet
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=7188&flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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