Global Ceramic
Matrix Composites (CMC) Market study is providing you with the up-to-date, actionable market
information and projections with the latest impact of the Covid 19 outbreak. It
offers all the requisite data to support tactical business decisions and come
up with strategic growth plans. This study also proposes a comprehensive
insight into the development policies and plans in addition to manufacturing
processes and cost structures.
Global Ceramic Matrix
Composites (CMC) Market is expected to grow at a significant CAGR in the
upcoming period as the scope and its applications are rising enormously across
the globe. Ceramic matrix composites (CMC) are termed as composite materials
that comprise ceramic fibers entrenched in a ceramic matrix.
The factors that are
playing a major role in the growth of ceramic matrix composites market are the
rising concern towards environment and strict pollution control policy, the
high strength and lightweight, and the rising demand from end-users to create
durable structures. However, the high initial investment and the high cost of
products may restrain the overall market in the years to come. Ceramic matrix
composites (CMC) industry is segmented based on product type, application, and
region.
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Carbon, oxide, silicon
carbide, and other product types could be explored in ceramic matrix composites
(CMC) market in the forecast period. Silicon carbide (SiC) sector accounted for
the substantial share of ceramic matrix composites industry and is estimated to
lead the overall market in the years to come. Also, the carbon ceramic
composites sector is estimated to grow at the fastest pace in the years to
come.
The market may be
categorized based on applications like electrical & electronics, aerospace,
energy & power, defense, and others that could be explored in the forecast
period. The aerospace sector accounted for the significant share of ceramic
matrix composites (CMC) industry and is estimated to continue its dominance in
the years to come. The reason could be its properties like the outstanding
thermal shock resistance, excellent load resistance, greater flexibility, and
high-temperature stability. Also, the defense sector is estimated to grow at
the fastest pace in the years to come.
Globally, North America
accounted for the substantial share of ceramic matrix composites market and is
estimated to lead the overall market in the years to come. The reason behind
the overall market growth could be the presence of the aviation industry,
government initiative by rising investment in the defense & aerospace
sectors, and the presence of key manufacturers in the region. The United States
is a major consumer of ceramic matrix composites (CMC) in this region.
Europe and the Asia Pacific
are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is
estimated to grow at the highest CAGR in the forecast period. The developing
countries like India and China are the major consumers of ceramic matrix
composites (CMC) in this region.
The key players of ceramic
matrix composites industry are COI Ceramics, Inc., General Electric Company,
UBE Industries, Ltd., and Coorstek, Inc. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
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