Ceramic Matrix Composites Market
by Rupali Dagade
Posted: Jun 22, 2019
Posted: Jun 22, 2019
Ceramic Matrix Composites Market size is estimated to reach approximately USD 7 Bn in 2026 at a CAGR of about 13% during a forecast period of 2017-2026. Demand from defense applications such as sensor protection, multi-spectral windows, and infrared domes is encouraging the growth of the market. Ceramic matrix composites offers Superior strength and wear-resistance properties increasing their usage in the biomedical and energy sectors. Dynamic load resistance, high temperature stability, greater flexibility, and excellent thermal shock resistance, ability to withstand high temperatures, and resistance to corrosion. Ceramic Matrix Composites can be used in aircraft and thermal applications where weight to strength ratio and high efficiency is of major concern. These factors are driving the Ceramic Matrix Composites Market. Based on material used ceramic matrix composites market can be segmented into silicone carbide, oxide, carbon and others. Out of these carbon is more preferred one due to its phenomenal properties for wide body commercial aircraft, braking systems in aerospace and defence and automotive industry. ceramic matrix composites using carbon fibers leads to lower prices of carbon/carbon ceramic matrix composites, which makes it a popular commercial choice over other matrix composites. Silicone may be estimating second largest growth in ceramic matrix composites market. Higher oxidation resistance of Silicone composites, in comparison to carbon matrix composites, is the primary driver for this product segment. Ceramic matrix composites market is segmented into aerospace and defence & defense, energy & power, electrical & electronics and electrical, automotive and others. aerospace and defence and defence is leading segment in ceramic matrix composites market. Ceramic Matrix Composites Market finds its application in various aircraft, rocket ships, engine components, armor, missile radome and Aerospace and defence shuttles to create lightweight, fuel-efficient, and durable structures. The aerospace and defence field demands rigid materials for various applications such as high-speed machine parts, robots, power-transmission lines, fighter-aircraft ventral fins, and helicopter rotor-blade sleeves reflecting an excellent performance. Automotive segment uses brake systems of luxury and sports cars. Ceramic materials are transparent to certain types of kinetic and photonic energy, which makes them favourable to use in electronic use. The Ceramic Matrix Composites market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Rising energy demands and technological developments in the aerospace and defence industry are major factors of growth in Asia Pacific. North America constitute largest share in a ceramic matrix composite market at present but Asia Pacific will be going at a faster rate in a forecast period. Increasing demand for engine components in automotive industry and increasing application of ceramic matrix composites in Aerospace and defence segment is projected to drive the demand for ceramic matrix composites market in a developing countries of Asia Pacific region. General Electric Company, Rolls-Royce Plc., SGL Group, COI Ceramics, United Technologies, CeramTec, Lancer Systems, CoorsTek, Applied Thin Films, Ultramet, 3M Company, CeramTec International, GE Aviation, lancer Systems, UBE Industries, Ltd. are some of the major player in a Ceramic Matrix Composites Market.
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