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Ceramic Matrix Composites Market Trends

Report ID: GMI7420
Published Date: Nov 2023
Report Format: PDF

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Ceramic Matrix Composites Market Trends

Ceramic matrix composites are highly effective materials used in industries such as aerospace and defense because they are lightweight and resist high temperatures. Also, auto industries use ceramic matrix composites (CMC) in efforts of boosting fuel efficiency. The environmental concern also fuels the demand of energy efficient alternatives. This enhances ceramic matrix composites (CMC) applications in addition. With continuous research and improvements in production techniques on one hand, while at the same time more widely using them in the emerging industries such as electronics and industrial applications on the other hand, shape up the market future for ceramic matrix composites (CMCs).

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for ceramic matrix composites was valued at USD 11.8 billion in 2022 and is projected to reach over USD 31.5 billion by 2032, driven by the product’s unique features of high temperature resistance and light weight with its usage becoming common in airplanes and military engines.

The continuous fibre segment held a market share of around 75% in 2022 & is projected to grow swiftly through 2032, as these composites are superior in strength and thermal conductivity thus preferable in the aerospace and defense operations.

North America ceramic matrix composites industry was worth USD 3.5 Billion in 2022 & is anticipated to record notable grow through 2032 driven by the development of green and affordable manufacturing processes along with new applications in the country’s energy and electronics sectors.

General Electric Company, Rolls-Royce plc, COI Ceramics, Inc., Morgan Advanced Materials, Applied Thin Films, Inc., Ultramet, CoorsTek, Inc., Kyocera Corporation, SGL Carbon SE are some of the major industry contenders.