Ceramic Matrix Composites (CMC) Market Size Worth To Reach $6.86 Billion By 2025: Grand View Research, Inc.
The global ceramic matrix composite (CMC) market size is
projected to reach USD 6.86 billion by 2025, according to a new report by Grand
View Research, Inc., exhibiting a CAGR of 13.0% during the forecast period.
CMCs have evoked keen interest from the aerospace and transportation sectors
owing to superior mechanical properties, high strength-to-weight ratio, and
vast application scope. Rising fuel prices and increasing focus on energy
conservation have triggered the need for lightweight components to boost fuel
efficiency.
CMC, owing to excellent properties such as dynamic
load resistance, high temperature stability, greater flexibility, and excellent
thermal shock resistance, is suitable for manufacturing aircraft components.
The aerospace field demands lightweight and rigid materials for various
applications such as high-speed machine parts, robots, power-transmission
lines, fighter-aircraft ventral fins, and helicopter rotor-blade sleeves, where
material weight plays a crucial role in performance.
The Department of Transportation’s National Highway
Traffic Safety Administration (NHTSA) and The U.S. Environmental Protection
Agency (EPA) have prescribed standards to increase fuel efficiency and reduce
vehicular emissions. Nine regions, namely the EU, Japan, U.S., China, Canada,
Brazil, Mexico, South Korea, and India, have proposed greenhouse gas emission
standards for light commercial vehicles/light trucks and passenger vehicles.
Proposed regulations in these countries are expected to trigger CMC demand from
aerospace and transportation sectors.
Energy and power are expected to form the fastest
growing segment. CMCs present excellent oxidation resistance and radiation
protection and are thus widely used in energy generating applications. Silicon
carbides fiber-reinforced ceramics of certain grades are widely used in nuclear
power plants due to their exceptional radiation resistant properties.
High temperature stability, in addition to reduced
weight and high strength, has increased product popularity. High thermal
stability and electrical conductivity have made ceramic matrix composites very
useful in numerous thermal and electronic management applications where high
efficiency is required.
Full Research Report On Global Ceramic Matrix
Composites Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/global-ceramic-matrix-composites-market
www.grandviewresearch.com/industry-analysis/global-ceramic-matrix-composites-market
Further
key findings from the study suggest:
- The global ceramic matrix composites market was
valued at USD 2.28 billion in 2016 and is projected to expand at a healthy
CAGR of 13.0% over the forecast period
- Silicon carbide occupied the largest market
share by product in 2016 owing to growing application scope in aerospace
- Asia Pacific emerged as the fastest growing
market for ceramic matrix composites due to presence of various untapped
markets and growing end-use industries
- Key players include General Electric Company;
Coorstek, Inc.; UBE Industries, Ltd.; COI Ceramics, Inc.; 3M Company; and
CeramTec International.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research has segmented the global ceramic matrix composites
market on the basis of product, application, and region:
Ceramic
Matrix Composites Product Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- Oxide
- Silicon
Carbide
- Carbon
- Others
Ceramic
Matrix Composites Application Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- Aerospace
- Defense
- Energy
& Power
- Electrical
& Electronics
- Others
Ceramic
Matrix Composites Regional Outlook (Volume, Tons; Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Middle
East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/ceramic-matrix-composites-market
www.grandviewresearch.com/press-release/ceramic-matrix-composites-market
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, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
Comments
Post a Comment