|Ceramic Matrix Composites Market by Fiber Type (Short Fiber and Continuous Fiber), Type (Silicon Carbide Reinforced Silicon Carbide (Sic/Sic), Carbon Reinforced Carbon (C/C), Oxide-Oxide (Ox/Ox), and Others), and End User (Aerospace & Defense, Automotive, Energy & Power, Electricals & Electronics, and Others) – Global Opportunity Analysis and Industry Forecast, 2017-2023|
|The global ceramic matrix composites market was valued at $3,900 million in 2016, and is anticipated to reach at $7,707 million, growing at a CAGR of 10.3% from 2017 to 2023. Ceramic matrix composites (CMC) are composed of ceramic fibers reinforced with particulates, fibers, and cloth. They exhibit greater crack resistance and doesnt fracture easily under heavy loads, on comparison with conventional technical ceramics, which are found to fracture easily under loads. These composites exhibit greater strength, thermal shock stability, and erosion resistance at high temperatures.
The global ceramic matrix composites market gains demand, owing to its wide utilization among engineering application as they require high strength, high temperature resistance, armor or ballistic properties, and erosion or wear resistance. In addition, increase in use of internal combustion engines, jet engines, and rocket engines boosts the market growth. Moreover, rise in R&D activities, mass production of ceramic fibers, need to reduce weight to increase fuel efficiency of vehicles propel the market growth. However, major concerns related with reparability & recyclability and higher costs compared to other alloys restrain the market growth.
The ceramic matrix composites market is segmented based on fiber type, type, end user, and geography. Based on fiber type, it is classified into short fiber and continuous fiber. Based on type, it is categorized into silicon carbide reinforced silicon carbide (SiC/SiC), carbon reinforced carbon (C/C), oxide-oxide ceramic matrix composites (Ox/Ox), and others (carbon fiber reinforced silicon carbide (SiC/C)). Based on end user, it is divided into aerospace & defense, automotive, energy & power, electricals & electronics, and others (construction and industrial). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players in this sector are
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KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to identify the prevailing market opportunities.
KEY MARKET SEGMENTS
By Fiber Type
By End User
Aerospace & Defense
The other players in the value chain (profiles not included in the report) are
*The above list of companies is not profiled in the report, but can be added based on client interest.
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