PUNE, India, January 6, 2017 /PRNewswire/ --
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", published by MarketsandMarkets, the market is projected to reach USD 7.51 Billion by 2026, growing at a CAGR of 9.65% from 2016 to 2026.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 84 market data Tables and 44 Figures spread through 140 Pages and in-depth TOC on "Ceramic Matrix Composites Market"
http://www.marketsandmarkets.com/Market-Reports/ceramic-matrix-composites-market-60146548.html
Early buyers will receive 10% customization on this report.
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.
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.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=60146548
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.
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.
Purchase Report at http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=60146548
Some of the key global players in the aerospace 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.
Browse Related Reports:
Composites Market by Type (Carbon Fiber Composites, Glass Fiber Composites and Others), Resin Type (Thermoplastic Composites and Thermosetting Composites), Manufacturing Process, Application and by Region - Global Trends and Forecasts to 2021
http://www.marketsandmarkets.com/Market-Reports/composite-market-200051282.html
Prepreg Market by Fiber Type (Carbon, Glass, and Aramid), Resin Type (Thermoset and Thermoplastic), Manufacturing Process (Hot-Melt and Solvent DIP), Application (Aerospace & Defense, Wind, Sporting good, Automotive, Electronics) - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/prepreg-market-56131284.html
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article