Ceramic Matrix Composites Market worth 7.51 Billion USD by 2026

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MarketsandMarkets Presents
Ceramic Matrix Composites Market by Matrix Type,
Application Region - Global Forecast to 2026

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Ceramic Matrix Composites Market worth 7.51
Billion USD by 2026
The report "Ceramic Matrix Composites Market by
Matrix Type (Oxide/Oxide, SiC/SiC,
Carbon/Carbon), Application (Aerospace Defense,
Automotive, Energy Power, Electrical
Electronics), and Region - Global Forecast to
2026", The ceramic matrix composites market is
projected to reach USD 7.51 Billion by 2026,
growing at a CAGR of 9.65 from 2016 to 2026.
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Ceramic Matrix Composites Market worth 7.51
Billion USD by 2026
Browse gtgt 84 data tables
44 figures
140 pages and in-depth TOC on Ceramic Matrix
Composites Market Early buyers will receive
10 customization on this report. This is a
Premium Report Priced at US 5650 for single
user. The demand for lightweight and
high-performance ceramic matrix composites in
automotive and aerospace defense applications
is propelled by regulatory norms emphasizing on
the use of lightweight and fuel-efficient
materials. Report Price - Single User License
US 5650 Corporate User License US 8150
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Ceramic Matrix Composites Market worth 7.51
Billion USD by 2026
Carbon/carbon ceramic matrix composites comprise
a major share in the ceramic matrix composites
market in terms of value and volume Carbon/carbon
(C/C) ceramic matrix composites segment has the
largest market share and is projected to grow at
the highest CAGR in the global ceramic matrix
composites market. There is a high demand for C/C
ceramic matrix composites for wide body
commercial aircraft. C/C ceramic matrix
composites are considered as a material of choice
for braking systems in aerospace and automotive
industry, due to their low weight, high friction,
and temperature resisting properties. In the
aerospace defense applications, it is largely
used to make brakes, nose cones, and wing leading
edges of the space shuttle orbiter. In the
automotive applications, it is majorly used in
the brake systems of luxury and sports cars. In
addition to this, the mass production of 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.
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Ceramic Matrix Composites Market worth 7.51
Billion USD by 2026
Ceramic matrix composites are extensively used
in the aerospace defense application Owing to
their high strength and light weight, majority of
the ceramic matrix composites are used to make
exterior aerospace defense components such as
exhaust nozzle, nose cap, and engines. Therefore,
major companies operating in the ceramic matrix
composites market are expanding their production
facilities to meet the increasing demand for
ceramic matrix composites from aircraft
manufacturers.
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Ceramic Matrix Composites Market worth 7.51
Billion USD by 2026
North America accounts for a major market share
of the ceramic matrix composites market North
America accounted for the largest share of the
ceramic matrix composites market, globally, in
2015. The growth of the ceramic matrix composites
market in this region is driven mainly by the
growing aerospace defense industry owing to low
interest rates, presence of established ceramic
matrix composites players, and stringent
environmental regulations emphasizing on the use
of lightweight and fuel-efficient materials.
Major industry leaders in the ceramic matrix
composites market have announced significant
investments for construction of new manufacturing
facilities to develop next generation gas turbine
engines to meet the demand for greater fuel
efficiency in aviation propulsion. For example,
General Electric Company has orders for more than
6,000 new LEAP gas turbine engine units which are
made from ceramic matrix composites. Rolls-Royce
and Boeing/ATK-COIC are also anticipating similar
investments in the U.S. to produce ceramic matrix
composites components for gas turbine engines.
These investments in the U.S. are expected to
further boost the ceramic matrix composites
market in North America.
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Ceramic Matrix Composites Market worth 7.51
Billion USD by 2026
Key Players - Some of the key global players in
the ceramic matrix composites market are General
Electric Company (U.S.), Rolls-Royce Plc. (U.S.),
SGL Group (Germany), COI Ceramics (U.S.), United
Technologies (U.S.), CeramTec (Germany), Lancer
Systems (U.S.), CoorsTek (U.S.), Applied Thin
Films (U.S.), Ultramet (U.S.), and others. These
players have adopted various organic and
inorganic developmental strategies during the
past five years. Purchase a Copy of this Report
Today !
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