Ceramic Matrix Composites Market Size is projected to reach USD 9.04 Billion by 2030, growing at a CAGR of 12.79%: Straits Research - EIN Presswire

2022-08-08 08:08:56 By : Ms. Mag Zheng

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/EIN News/ -- New York, United States, Aug. 02, 2022 (GLOBE NEWSWIRE) -- The latest trend in ceramic matrix composites is their use in automobile contexts. CMCs reduce vehicle weight, improve fuel efficiency and reduce emissions. As environmental regulations become stricter around the world, CMC demand is expected to rise.

CMCs have remarkable mechanical properties and a high strength-to-weight ratio; hence the aerospace sector is demanding them. These materials are running low. They're used in high-speed mechanical components, power transmission lines, rotor blade sleeves for helicopters, and jet engine fans. In order to meet the needs of international trade, European nations have increased Aeroplan production. Future growth in Aeroplan production is expected to increase demand for ceramic matrix composites.

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Global Ceramic Matrix Composites Market: DRIVERS

Global pollution and carbon impact must be eliminated. Governments worldwide are promoting fuel-efficient cars to reduce pollution. Therefore, automakers must lower vehicle weight to improve fuel economy. This will reduce gasoline expenses and carbon emissions. This has spurred research and technology progress. Ceramic matrix composites are needed to improve efficiency, cut fuel costs, minimize pollution, and construct lighter cars.

New technologies have been developed to manufacture ceramic matrix composites with improved properties and increased structural efficiency at reduced weights. This innovation should lower composite production costs and cycle times. This technology can address the growing need for lightweight ceramic matrix composites, growing the market.

High tensile strength and heat tolerance make ceramic matrix composites ideal for vehicle applications. Automakers prefer ceramic matrix composites for engine parts. This increased demand for ceramic matrix composites. Ceramic matrix composites are lightweight, robust, and can withstand high temperatures. Their heat tolerance and ability to perform without cooling minimizes motor cooling air needs.

Ceramic matrix composites are predicted to replace traditional alloys and metal components in vehicle engines. China, India, and Japan are emerging vehicle markets. China's annual vehicle production has risen 3.2%, making it the world's largest car market. Lower tariffs on imported automobiles and auto parts and an increase in vehicle production will raise demand for ceramic matrix composites.

Global Ceramic Matrix Composites Market: KEY FUTURE OPPORTUNITIES

Ultra-high temperature ceramics (UHTCs) exhibit outstanding erosion resistance at temperatures up to 2000 degrees Celsius. They can't survive thermal damage and shocks. C3HARME aims to produce self-healing UHTCMCs to overcome technological restrictions. Combining CMCs and UHT ceramics will achieve this (UHTCs). The production of new products with high-quality CMCs should be profitable.

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Regional Overview of Global Ceramic Matrix Composites Market

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the Ceramic Matrix Composites Market.

North America represented more than 45% of global income in 2021. Major aviation businesses' investment in ceramic matrix components for aviation components and government collaborations for updating defense systems are expected to drive CMC demand in North America. These variables should boost North American CMC demand.

The Asia-Pacific region's excessive oil consumption has increased the need of securing energy security by focusing on natural gas. Ceramic matrix composites could play a big role in this industry. Increasing need for fuel-efficient aircraft engines will also drive growth in this industry, reducing overall operational costs.

Latin American countries should benefit from aerospace improvements. The region may become one of the most major aviation production centers in the U.S. Aerospace, automotive, electrical and electronics, and energy and power sectors are projected to boost the market.

Increased foreign investment in Middle East and Africa due to lower production costs will benefit the market. New technologies are expected to help aerospace manufacturing in the region, which will fuel the industry.

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Major Players in Global Ceramic Matrix Composites Market

Global Ceramic Matrix Composites Market: Segmentation

Table of Content and Figure @  https://straitsresearch.com/report/ceramic-matrix-composites-market/toc

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