Ceramic Matrix Composites (CMC) Market size to grow by USD 2,742.86 million from 2022 to 2027; Growing demand for energy

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31 May, 2023, 08:30 ET

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NEW YORK, May 31, 2023 /PRNewswire/ -- The global ceramic matrix composites (CMC) market size is estimated to increase by USD 2,742.86 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 10.41% during the forecast period. Growing demand for energy-efficient systems is a major driver for the growth of the ceramic matrix composites market during the forecast period. The demand can be attributed to the growing demand for energy-efficient systems in various industries, such as power generation, oil and gas, and chemical processing. These composites are used in high-temperature applications such as gas turbines and heat exchangers to improve efficiency and reduce emissions. Moreover, ceramic matrix composites such as gas turbines and heat exchangers are used in high-temperature applications to improve efficiency and reduce emissions. Hence, the rising demand for energy-efficient systems is expected to drive the growth of the market during the forecast period. Discover some insights on the market size historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report -Request a sample report

Ceramic matrix composites (CMC) market – Vendor AnalysisVendor Landscape - The global ceramic matrix composites (CMC) market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer ceramic matrix composites (CMC) in the market are 3M Co., Applied Thin Films Inc., Axiom Materials Inc., CeramTec GmbH, CFC Carbon Co. Ltd., COI Ceramics Inc., Composites United e V, CoorsTek Inc., General Electric Co., KYOCERA corp., Lancer Systems, Rolls Royce Holdings Plc, Safran SA, Compagnie de Saint Gobain, SGL Carbon SE, Spirit AeroSystems Holdings Inc., Starfire Systems Inc., Ube Corp., Ultramet, and YuCMC Co. Ltd., and others.

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Ceramic Matrix Composites (CMC) Market - Segmentation Assessment

Segment OverviewThis ceramic matrix composites (CMC) market report extensively covers market segmentation by product (oxide, silicon carbide, and carbon), application (aerospace and defense, automotive, power and energy, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

Geography OverviewBy geography, the global ceramic matrix composites (CMC) market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global ceramic matrix composites (CMC) market.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Ceramic Matrix Composites (CMC) Market – Market Dynamics

Key Trends -

Major challenges -

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

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Ceramic Matrix Composites (CMC) Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 10.41%

Market growth 2023-2027

USD 2,742.86 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.87

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 50%

Key countries

US, China, Japan, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Applied Thin Films Inc., Axiom Materials Inc., CeramTec GmbH, CFC Carbon Co. Ltd., COI Ceramics Inc., Composites United e V, CoorsTek Inc., General Electric Co., KYOCERA corp., Lancer Systems, Rolls Royce Holdings Plc, Safran SA, Compagnie de Saint Gobain, SGL Carbon SE, Spirit AeroSystems Holdings Inc., Starfire Systems Inc., Ube Corp., Ultramet, and YuCMC Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Application

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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