The Ceramic Matrix Composites Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study. This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.
Market Dynamics
Silicon carbide reinforced silicon carbide (SIC/SIC) segment held the major share in 2019. SIC/SIC is widely used in high-temperature application, owing to its properties such as resistance to high temperature and oxidation. Due to increase in production and export of aerospace and defense equipment like fighter jets from countries such as the U.S., Germany, France, and the UK to developing countries has increased the demand for SIC/SIC. As per fiber material, the SIC fiber segment accounted for the major share (over 35%) in 2019. This is attributed to the fact that silicon carbide fiber offers high stiffness, high chemical resistance, high temperature tolerance, and low weight as well as thermal expansion. Due to all these benefits, silicon carbide fibers are the clear choice for hot section components in the next generation of gas turbines. This in turn is anticipated to fuel the growth of the ceramic matrix composites market.
North America accounted for the major share in 2018 in the global ceramic matrix composites market, owing to increase in consumption of these composites in the automotive, aerospace & defense, and electrical & electronics industries. However, high manufacturing cost is the major obstacle in growth of this industry.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of Ceramic Matrix Composites.
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Market Segmentation
The study offers a decisive view of the global Ceramic Matrix Composites market by segmenting it terms of product and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Product
- Oxide
- Silicon Carbide
- Carbon
- Others
By Application
- Aerospace
- Defense
- Energy & Power
- Electrical & Electronics
Regional Analysis
This section covers Ceramic Matrix Composites market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global Ceramic Matrix Composites market along with the individual application segment across all the prominent region.
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