Ceramic Matrix Composites to Gain Traction Owing

Ceramic Matrix Composites to Gain
Traction Owing to Higher Preference
towards Energy Consumption
The Ceramic Matrix Composites Market is experiencing high technological
innovations through constant research and development done by the companies
manufacturing ceramic matrix. The market is undergoing intense competition due to
changing technologies and evolving trends, as analyzed by Transparency Market
Research (TMR). The key contenders in the market are focusing on providing high
comfort, with robust structures, and improved performance that can be used in thermal
management, high-end sports equipment, and in electronics. Some of the key players
analyzed in report are CoorsTek, Specialty Materials, Inc., Clariant Corporation (KiON
Corporation), Ultramet, Ceram Tec, COI Ceramics, Lancer Systems, LP, and Clariant
Corporation (KiON Corporation).
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As per the TMR report, the valuation of the ceramic matrix composites market could
reach up to US$ 6.5 bn by the end of the forecast period. The ceramic matrix
composites market can expand at 8.1% of CAGR during the forecast period from 2017
to 2026. SiC/SiC segment, a product type is estimated to lead the share in the global
market due to higher oxidation resistance than others. According to the regional
analysis, Asia Pacific excluding Japan (APEJ) is projected to lead the market as a
reason for developing aerospace manufacturing and increasing demand for energy in
this region. Low cost and high labor supply in various countries such as China,
Malaysia, and Thailand in this region have also triggered its demand in APEJ.
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Sufficient Opportunities for Upcoming Companies with Strong Capital Back Up
Emerging economies are presenting huge growth opportunities that will largely benefit
the ceramic matrix composites market in coming years. Manufacturing sector plays a
crucial part in ceramic matrix composites market, whereas marketing and supply chain
management activities have the significant amount of the revenue that have been
produced by the market players. The upcoming players with a potential financial backup
have higher advantage in getting through the market and making their own place by
competing with other players. Additionally, the dominant companies take over the
business intelligence units that assemble valuable and complete knowledge about the
consumer’s point of view depending on their activities and experience from time to time.
High End Application to Create Lucrative Opportunity Due to High Cost
The high cost is involved in making energy intensive procedures while using ceramic
matrix composites. Despite of high cost the high-end applications, which includes
thermal management, defense, and aerospace; have created lucrative demand for
ceramic matrix composites. Ceramic fibers, produced in demand-specific quantities, do
not impart benefits of mass production. However, developments in mining technologies
and metal joining are expected to boost the demand for ceramic matrix composites
market during the forecast period.
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As in the conversion procedures includes ceramic matrix composite manufacturing that
involves high energy consumption. Thus, forcing technology providers to make effective
in developing newer energy efficient manufacturing procedures. Moreover, developing
nations are providing appropriate initiatives for research and development with the help
of public private partnership and through joint ventures.
The information presented in this review is based on a TMR report, titled “Ceramic
Matrix Composites Market (Product Type - Carbon/Carbon, SiC/SiC, Oxides/Oxides,
and Others; End-Use Industries - Aerospace & Defense, Automotive, Energy & Power,
Electrical & Electronics, and Other End-Use Industries) - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2017 - 2026”
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The Ceramic Matrix Composites Market is experiencing high technological innovations through constant research and development done by the companies manufacturing ceramic matrix. The market is undergoing intense competition due to changing technologies and evolving trends, as analyzed by Transparency Market Research (TMR). The key contenders in the market are focusing on providing high comfort, with robust structures, and improved performance that can be used in thermal management, high-end sports equipment, and in electronics. Some of the key players analyzed in report are CoorsTek, Specialty Materials, Inc., Clariant Corporation (KiON Corporation), Ultramet, Ceram Tec, COI Ceramics, Lancer Systems, LP, and Clariant Corporation (KiON Corporation).

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