Ceramic matrix composites are a subgroup of composite material and ceramic. These composites consist of ceramic fibers embedded in a ceramic matrix, thus forming a ceramic fiber-reinforced composite material. These materials possess a unique combination of both physical and mechanical properties which include high refractoriness and toughness. These composites are produced by the hot-pressing method or sintering method.
The key benefits of ceramic matrix composites over other materials include high thermal resistance, hardness, corrosion resistance, and lightweight and non-magnetic. Over years, ceramic matrix companies have gained significant importance in industrial applications due to their high thermal and physical properties over single-phase ceramic materials.
The global ceramic matrix composites market size, shares, recent trends, competitive intelligence, and future market outlook. Ceramic matrix composites usage in the production of aero-entry systems is on the rise. Demand from the aerospace industry in ‘The Asia Pacific’ is rising. The competitive rivalry intensifies with COI Ceramics Inc., SGL Group, and others active in the market.
Exploring the Dynamics and Trends of the Ceramic Matrix Composites Market:
The main driver propelling the worldwide ceramic matrix composites market is the rise in industrial need for high-temperature resistance, light weight, and dense equipment. The fabrication of aero-entry systems, propulsion components, high-temperature radiators, insulation, and coatings heavily use ceramic matrix composites.
Another driver propelling the worldwide ceramic matrix composites market is the widespread use of CMC as a separate material in the manufacture of brake discs, clutches, and braking systems. The market for ceramic matrix composites is anticipated to significantly grow over the projected period as a result of electrical vehicle manufacturers' growing use of lightweight composites.
The global ceramic matrix composites market is also being influenced by the increasing production of airplanes and the expanding use of CMCs in the manufacture of several subsidiary components. General Association predicts that an increase in total airline shipments from 2,324 units in 2017 to 2,442 units in 2018 would help the worldwide market for CMCs.
However, the main factors impeding the development of the global ceramic matrix composites market are the escalating environmental laws and high manufacturing costs related to CMCs.
Market Key Players:
Some of the key players in the global ceramic matrix composites market include:
- COI Ceramics Inc.
- SGL Group
- 3M Company
- Ube Industries, Ltd.
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