The global market for ceramic matrix composites (CMC) is estimated to rise during the forecast period (2017-2023) on account of high temperature stability, fuel efficiency, low weight and high strength coupled with increasing demand from the aerospace and defense industries. Additionally, the demand in automotive, aerospace and defense industries is driven by the government regulations focusing on the practice of lightweight and fuel-efficient materials. Enhanced performance and robust structures are driving the ceramic matrix composites market in applications such as electronics, thermal management, aerospace and defense.
Ceramic matrix composites are materials wherein one or more distinct ceramic phases are attached to one another for enhancing the properties which are not present in monolithic ceramic materials. CMCs operate at a temperature beyond the competence of nickel alloys present in high-pressure turbines, and they do not require extensive cooling, providing an enhancement to the cycle.
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The ceramic matrix composite market is segmented on the basis of matrix type, application type and region. By matrix type, CMCs includes carbon/carbon, oxide/oxide, Silicon Carbide/Silicon Carbide. Carbon/Carbon ceramic matrix composites are a group of materials consisting of carbon or graphite matrix reinforced to other carbon or graphite fibers, thus bringing an increase in strength, versatility and toughness of composites. Carbon/Carbon ceramic matrix composite market is expected to grow at a high compound annual growth rate (CAGR) due to their light weight, high friction and temperature resistant properties that can be utilized in wide-body commercial aircraft and braking systems in aerospace and automotive industry. Silicon Carbide/Silicon Carbide ceramic matrix composites are forecasted to dominate the global market on account of high resistance to oxidation in comparison to carbon matrix composites, making them a viable option for aerospace applications. Emerging technologies such as oxide matrix composite is likely to propel the demand in aerospace and defense industries, and energy and power applications. Oxide Matrix Composites possess enhanced properties of oxide compounds such as no oxidation, high fracturing toughness coupled with less production cost.
On the basis of end use industry, the ceramic matrix composite is classified into aerospace and defense sector, automotive sector, energy and power sector, and electrical and electronics sector. High thermal stability coupled with improved shock resistance would generate a demand for ceramic matrix composite in aircraft component production.
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One of the major restraints of ceramic matrix composites include the high costs of matrix production by batch process at high temperature that limits their applications to niche segments. The high customization requirements for end use applications such as gas turbine engines, brake discs, and heat exchangers would further hamper the market for ceramic matrix composites during the forecast period.
Key players operating in the ceramic matrix composite market include General Electric, Rolls-Royce Plc, COI Ceramics Inc., applied thin films Inc., United Technologies, CeramTec, Lancer Systems, CoorsTek Inc., SGL Group, Ultramet.
By Matrix Type
- Aerospace and defence
- Energy and power
- Electrical and electronics
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