Ceramic Matrix Composites (CMC) Market by 2024 : Growth Analysis by Manufacturers, Regions, Types and Demand

1. Ceramic Matrix Composites (CMC) Market by 2024: Growth Analysis by Manufacturers, Regions, Types and Demand The global ceramic matrix composites (CMC) market is estimated to account for $2.2 billion in 2016 and is projected to witness a CAGR of 13.74% between 2016 to 2024.

2. Global ceramic matrix composites (CMC) market is projected to reach $6.0 billion by 2024. The high cost of ceramic fibers has greatly influenced the market growth. Unlike the carbon fiber, which is used in most of the metal and polymer composites and thus, is produced in bulk, other ceramic fibers are produced in small quantities, which refrains them from enjoying the cost benefits of mass production. Ceramic matrix composites production being a high enthalpy process, adds up to the product cost, which makes it useful in applications such as defense, aerospace, thermal management, and other. Get Sample Copy of This Report: https://www.psmarketresearch.com/market- analysis/ceramic-matrix-composites-market/report-sample On the basis of product, the ceramic matrix composites market has been segmented into oxide, silicon carbide (SiC), carbon, and others. SiC matrix composite has been holding the largest share in the ceramic matrix composites market, with an estimated contribution of over 25% in 2017. North America is estimated to hold the largest share in the ceramic matrix composites market, accounting for more than 30% in 2017. This can be attributed to the presence of major aviation industries, their investment for developing ceramic matrix components for manufacturing aviation components, and private-public partnerships for upgrading defense and aerospace equipment. In Asia-Pacific, the increasing expenditure on defense and space exploration projects has fueled the growth of the ceramic matrix composites market during the forecast period. Also, initiatives such as ‘Make in India’ have resulted in the growth of the manufacturing sector in this region. Access Report Summary at: https://www.psmarketresearch.com/market-analysis/ceramic- matrix-composites-market Some of the major players operating in the global ceramic matrix composites industry are The 3M Company, Applied Thin Films, Inc., COI Ceramics Inc., General Electric, CoorsTek Inc., CeramTec, KYOCERA Corporation, Lancer Systems LP, SGL Carbon SE and Starfire Systems Inc. About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals. As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence

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