Ceramic Matrix Composites Market trends research and projections for 2017-2024

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Ceramic Matrix Composites Market Price, Industry
Outlook Forecast 2017-2024
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Global Market Scenario of Ceramic Matrix
Composites Industry

• 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.
• 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.

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• 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.
• Reasons to Buy This Report
• 1. Ceramic Matrix Composites Market size
  share forecast by product application,
  2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Key Ceramic Matrix Composites Market
  growth opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• 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.
• The superior characteristics of oxide matrix
  composites such as toughness, no oxidation at
  elevated temperatures along with cost effective
  production process will raise the product demand
  in aerospace defense and automobile industry
  over the forecast timespan.

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Research Methodology
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Regional Insights

• 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.
• China and India are two important countries which
  have increased their spending on defense and
  aerospace sector in the recent times. This
  amplified expenditure is expected to fuel the
  ceramic matrix composites market size growth in
  the coming years.

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Competitive Insights

• 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.

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