Global Digital Signature Market to Reach $2,934.6 Million by 2023     |    Global Outdoor Lighting Market to Witness 8.4% CAGR during 2017 - 2023     |    Oral Mucositis Therapeutics Pipeline to Receive More Drug Designations from the USFDA in the Coming Years

Toll Free (US/Canada): 1-888-778-7886

INT'L: 1-347-960-6455

enquiry@psmarketresearch.com

Ceramic Matrix Composites Market

P&S Market Research-Ceramic Matrix Composites Market report

Global Ceramic Matrix Composites Market Size, Share, Development, Growth and Demand forecast to 2023

Delivery : 24-72 Working Hours
Report Code: CM10958
Available Format: pdf

The global market for ceramic matrix composites (CMC) is estimated to rise during the forecast period (2017-2023) on account of high temperature stability, fuel efficiency, low weight and high strength coupled with increasing demand from the aerospace and defense industries. Additionally, the demand in automotive, aerospace and defense industries is driven by the government regulations focusing on the practice of lightweight and fuel-efficient materials. Enhanced performance and robust structures are driving the ceramic matrix composites market in applications such as electronics, thermal management, aerospace and defense.

Ceramic matrix composites are materials wherein one or more distinct ceramic phases are attached to one another for enhancing the properties which are not present in monolithic ceramic materials. CMCs operate at a temperature beyond the competence of nickel alloys present in high-pressure turbines, and they do not require extensive cooling, providing an enhancement to the cycle.

The ceramic matrix composite market is segmented on the basis of matrix type, application type and region. By matrix type, CMCs includes carbon/carbon, oxide/oxide, Silicon Carbide/Silicon Carbide. Carbon/Carbon ceramic matrix composites are a group of materials consisting of carbon or graphite matrix reinforced to other carbon or graphite fibers, thus bringing an increase in strength, versatility and toughness of composites. Carbon/Carbon ceramic matrix composite market is expected to grow at a high compound annual growth rate (CAGR) due to their light weight, high friction and temperature resistant properties that can be utilized in wide-body commercial aircraft and braking systems in aerospace and automotive industry. Silicon Carbide/Silicon Carbide ceramic matrix composites are forecasted to dominate the global market on account of high resistance to oxidation in comparison to carbon matrix composites, making them a viable option for aerospace applications. Emerging technologies such as oxide matrix composite is likely to propel the demand in aerospace and defense industries, and energy and power applications. Oxide Matrix Composites possess enhanced properties of oxide compounds such as no oxidation, high fracturing toughness coupled with less production cost.

On the basis of end use industry, the ceramic matrix composite is classified into aerospace and defense sector, automotive sector, energy and power sector, and electrical and electronics sector. High thermal stability coupled with improved shock resistance would generate a demand for ceramic matrix composite in aircraft component production. Aerospace and defense sectors are the largest growing segment on account of CMC properties such as dynamic load resistance, improved flexibility and thermal shock resistance to be utilized in bullet proof armors and insulation in small arms weapons. Additionally, ceramic matrix composite finds application in structural components of aircrafts and luxury cars such as in gas turbine engines, nose cap, exhaust nozzle, braking systems, thermal barriers, missile propulsion systems and engine component.
Energy and power is projected to be the fastest-growing segment mainly in fission and fusion nuclear reactors due to their ability to withstand radiation and thermal stability.

The global market for ceramic matrix composite, on the basis of region, is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa (MEA). The CMC market in North America is projected to grow due to rising demand of lightweight and fuel efficient materials in aerospace and defense industries. Asia-Pacific is estimated to be the fastest growing market in global ceramic matrix composites on account of the rising aerospace and defense sectors in the region coupled with increasing developments of power stations and nuclear plants.

One of the major restraints of ceramic matrix composites include the high costs of matrix production by batch process at high temperature that limits their applications to niche segments. The high customization requirements for end use applications such as gas turbine engines, brake discs, and heat exchangers would further hamper the market for ceramic matrix composites during the forecast period.

Key players operating in the ceramic matrix composite market include General Electric, Rolls-Royce Plc, COI Ceramics Inc., applied thin films Inc., United Technologies, CeramTec, Lancer Systems, CoorsTek Inc., SGL Group, Ultramet.

Market Segmentation

By Matrix Type

  • Oxide/Oxide
  • SiliconCarbide/SiliconCarbide
  • Carbon/Carbon

By Application:

  • Aerospace and defence
  • Automotive
  • Energy and power
  • Electrical and electronics
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • U.K
    • Italy
    • Austria
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • Malaysia
    • Singapore
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • Israel
    • Saudi Arabia
    • Rest of MEA

Place An Order

Single User License

Single User License authorizes access of the publication to single user, i.e. the buyer of the report.

5100
Group License

Group License authorizes access of the publication upto 5 users.

6100
Site License

Site License authorizes access of the publication to all the employees of the organization at a single geographic location.

7100
Enterprise License

Enterprise License provides right to distribute copies of the publication across the organization and its subsidiaries.

9100
down-arrow

Pre-Purchase Enquiry

Contact Us

  • U.S. Center : 347 5th Ave. #1402- 210 New York City, NY 10016 United States
  • Asian Center : B-28, Sector 1, Noida, U.P. - 201301 India.

Secure Online Payments

  • Payment