The global ceramic
matrix composites (CMC) market is expected to reach USD 6.0 billion by
2024, according to a new report by Grand View Research, Inc. High thermal
stability and electrical conductivity have made ceramic matrix composites
desirable in various thermal management applications where high efficiency and
weight to strength ratio is required. CMCs observe strong demand from
aerospace, defense, energy & power, etc. applications.
Lower weight than conventional alloys with high
strength and improved stability at a higher temperature has made the CMCs
popular choice. They are subjected to constant research efforts that focus on
the progressive increase in product life, strength and thermal stability.
The high cost of ceramic fibers has greatly
influenced the market growth. Unlike the carbon fiber, which is used in most of
the metal and polymer composites and thus is produced in bulk, other ceramic
fibers are produced in small quantity which refrains it from the cost benefits
of mass production. Ceramic matrix composites production being an energy-intensive
process, it adds up to the final product cost, making it useful only in
high-end applications such as aerospace, defense, thermal management, etc.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/global-ceramic-matrix-composites-market
Further key findings from the report
suggest:
·
Silicon carbide composites emerged as the major
product segment and held 35.3% in of total demand in 2015. Earlier development
and commercialization along with better oxidation resistance properties have
helped the product penetration.
·
Ceramic matrix composites demand from the
aerospace application is expected to exceed 3.0 million tons by 2024. CMCs have
been used for making airplane nose, fins, engine components, body panels, etc.
on account of their high thermal resistance and lower weight than traditional
alloys.
·
North America emerged as the dominant regional
market with demand share estimated at 44.6% in 2015. High penetration in the
region attributed to the significant growth of aerospace and defense industries
with initial technological developments.
·
Asia Pacific ceramic matrix composites market is
expected to witness an estimated growth of 14.3% from 2016 to 2024 in terms of
value and is projected to be the fastest growing region over the forecast
period. Increasing focus on the development of self-sustained defense and
aerospace industries from China and India along with rising numbers of new
power plants in the region is expected to trigger the regional market growth.
·
Leading companies operating in the global market
include General Electric Company, 3M Company, CoorsTek, Inc., Applied Thin
Films, Inc., CeramTec International, COI Ceramics, Inc., Ube Industries, Ltd.
and SGL Carbon Company
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the global ceramic matrix composites (CMC) market on the basis of product, application and region:
Global Ceramic Matrix Composites (CMC) Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Oxides
·
SiC
·
Carbon
·
Others
Global Ceramic Matrix Composites (CMC) Application Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Aerospace
·
Defense
·
Energy & Power
·
Electrical & Electronics
·
Others
Global Ceramic Matrix Composites (CMC) Regional Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Middle East & Africa
·
Central & South America
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For More Information Visit - http://www.grandviewresearch.com
No comments:
Post a Comment