Implementing stringent eco-friendly regulations in developing and developed countries are expected to provide an opportunity for the ceramic matrix composites market's growth for the forecast period. North America emerged as the largest market for the global ceramic matrix composites market, with a 43% share of the market revenue in 2021.The presence of prominent players in the North America region and the implementation of stringent environmental regulations for fuel-efficient and lightweight vehicles adds impetus to the market's growth.
Newark, Oct. 11, 2022 (GLOBE NEWSWIRE) -- The report published by The Brainy Insights shows that the global ceramic matrix composites market is expected to grow from USD 7.9 billion in 2021 to USD 17.4 billion by 2030, at a CAGR of 9.2% during the forecast period 2022-2030.
The rising developments in the automotive and aerospace sector are expected to increase demand for ceramic matrix composites as they do not rupture easily under heavy loads and exhibit improved crack resistance. The US Department of Energy is investigating ceramic matrix composite cladding for fuel rods in light-water nuclear reactors. Ceramic matrix composites are created to improve the toughness of conventional ceramics; however, the main disadvantage of the ceramic matrix is its brittleness. Apart from this, they also provide corrosion resistance, excellent wear, lightweight, and chemical stability.
Request a Sample Copy of the Research Report: https://www.thebrainyinsights.com/enquiry/sample-request/12880
Ceramic Matrix Composites Market Report Scope
Matrix Type, End-Use Industry, Regions
North America, Europe, South America, Asia Pacific, the Middle East, and Africa
A recent study on ultra-high temperature ceramics (UHTCs) exhibits erosion resistance at temperatures up to 2000°C or higher; however, they cannot resist thermal damages and shocks. Ceramic matrix composites are also used for optimizing the performance of parts used in liners, pumps, filters, bearings, seals, and valves to increase the shelf life of the equipment used in drilling, exploration, and processing.
To enhance their market position in the global ceramic matrix composites market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
● In April 2020, Raytheon Company merged with United Technologies to form Raytheon Technologies. After the planned spinoffs, the company was valued at more than USD 100 billion and became the world's second-largest aerospace-and-defense company.
The increasing use of ceramic matrix composites in the aerospace and defense, and automotive sector is due to its properties such as rigidity, high stiffness, low weight, high-temperature tolerance, high tensile strength, high chemical resistance, and low thermal expansion is the primary factor driving the market growth. However, the outbreak of the Covid-19 pandemic negatively affected the market as lockdown restrictions were imposed, and several industries were temporarily closed to stop the spread of the disease, restraining the market's growth. Moreover, the stringent eco-friendly regulations imposed to curb carbon emissions in developing and developed regions provide an opportunity for the market's growth. Using lightweight vehicles increases fuel efficiency, thus reducing air pollution to a specific limit, providing an opportunity for the market's growth. The high cost of products manufactured using ceramic matrix composites increases the price of the products such as vehicles which restraints the market's growth.
Quick Buy - Ceramic Matrix Composites Market Research Report: https://www.thebrainyinsights.com/buy-now/12880/single
● In 2021, the Oxide/Oxide(OX/OX) segment dominated the market with the largest market share of 33% and market revenue of 2.6 billion.
The matrix type segment is divided into Silicon Carbide and Carbon(C/Sic), Silicon Carbide Reinforced Silicon Carbide(Sic/Sic), Carbon Reinforced Carbon(C/C), and Oxide/Oxide(OX/OX). In 2021, the Oxide/Oxide(OX/OX) segment dominated the market with the largest market share of 33% and market revenue of 2.6 billion. Oxide/Oxide(OX/OX) is a lightweight material widely used to manufacture lightweight and fuel-efficient vehicles, which drives the segment's growth.
● In 2021, the aerospace & defense segment accounted for the largest market share, with 36% and a market revenue of 2.8 Billion.
The end-use industry segment is divided into automotive, industrial, aerospace & defense, and energy & power. In 2021, the aerospace & defense segment accounted for the largest share of the market, with 36% and a market revenue of 2.8 billion. The segment has been growing owing to the increasing demand for lightweight aircraft and fuel-efficient vehicles.
For more information about this report visit: https://www.thebrainyinsights.com/report/ceramic-matrix-composites-market-12880
Regional Segment Analysis of the Ceramic Matrix Composites Market
● North America (U.S., Canada, Mexico) ● Europe (Germany, France, U.K., Italy, Spain, Rest of Europe) ● Asia-Pacific (China, Japan, India, Rest of APAC) ● South America (Brazil and the Rest of South America) ● The Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, North America emerged as the largest market for the global ceramic matrix composites market, with a market share of around 43% and 3.3 billion of the market revenue in 2021. The increasing investment in research and development activities in the aerospace and defense sector in the region is driving the market's growth. Furthermore, the presence of prominent market players in the region and the implementation of stringent environmental regulations to reduce pollution boosts the market's growth.
Key players operating in the global ceramic matrix composites market are:
● General Electric Company ● Lancer Systems ● Rolls-Royce ● Axiom Materials Inc. ● SGL Carbon ● United Technologies ● Applied Thin Films ● CFC Carbon Co., Ltd. ● 3M Company
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Brainy Insights has segmented the global ceramic matrix composites market based on the below-mentioned segments:
Global Ceramic Matrix Composites Market by Matrix Type:
● Silicon Carbide and Carbon(C/Sic) ● Silicon Carbide Reinforced Silicon Carbide(Sic/Sic) ● Carbon Reinforced Carbon(C/C) ● Oxide/Oxide(OX/OX)
Global Ceramic Matrix Composites Market by End-use Industry:
● Automotive ● Industrial ● Aerospace & Defense ● Energy & Power
Schedule a Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at: https://www.thebrainyinsights.com/enquiry/speak-to-analyst/12880
The global ceramic matrix composites market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
The Brainy Insights is a market research company that provides actionable insights through data analytics to companies to improve their business acumen. They have a robust forecasting and estimation model to meet the client's objectives of high-quality output within a short period. They provide both customized (client-specific) and syndicate reports. Their repository of syndicate reports is diverse across all the categories and sub-categories across domains. Their customized solutions meet the client's requirements whether they are looking to expand or planning to launch a new product in the global market.
Avinash D Head of Business Development Phone: +1-315-215-1633 Email: sales@thebrainyinsights.com Web: http://www.thebrainyinsights.com
Actually, The Wall Street Journal's Nick Timiraos did: The Fed may be trying to figure out whether to slow the pace of rate increases.
Few high-profile money managers have a nose for making money quite like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. In the 57 years since taking the reins, the Oracle of Omaha, as he's come to be known, has led his company's Class A shares (BRK.A) to a jaw-dropping average annual return of 20.1%. The Oracle of Omaha believes diversification is "protection against ignorance."
NIO Inc. stock is trending on the Yahoo Finance Platform. Here is a visualization of $NIO performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.
We’re facing a storm of volatility, as a series of short rallies have added a layer of confusion on top of the year’s bearish trends. The combination of headwinds – high inflation and rising interest rates, a probable recession around the corner – are threatening a stagflation that hasn’t been seen since the 1970s. Writing on current conditions from Morgan Stanley, chief US equity strategist Mike Wilson lays out reasons for investor patience, in his forecast of where the main indexes are likely
The danger is that illiquidity and volatility in stocks and bonds will feed off each other, made worse by foreign central banks forced to sell Treasuries to defend their currencies against a rising dollar.
Oil prices are on the rise again, but more than that, consumption of oil remains robust regardless of its price.
401(k) contribution limits for 2023 follow a big bump to tax brackets and the size of the standard deduction
With huge insider ownership, these two midstream players offer high yields that are likely to hold up over time.
Shares in copper miner Freeport-McMoRan (NYSE: FCX) were up by more than 8% by early afternoon today. The results themselves brought few surprises; after all, investors can see where the price of copper is in the market and therefore ascertain the trend in Freeport's revenue. During the earnings call, CEO Richard Adkerson talked of the physical copper market being "strikingly tight globally right now" and customers "fighting" to get hold of products.
One company that could continue to experience challenging times in the near term is Shopify (NYSE: SHOP). The possibility of a recession will affect the company in several ways. The company's revenue is somewhat linked to its gross merchandise volume (GMV), or the total value of transactions conducted on its platform.
NEW YORK (Reuters) -The banks providing $13 billion in financing for Tesla CEO Elon Musk's acquisition of Twitter Inc have abandoned plans to sell the debt to investors because of uncertainty around the social media company's fortunes and losses, people familiar with the matter said. The banks are not planning to syndicate the debt as is typical with such acquisitions, and are instead planning to keep it on their balance sheets until there is more investor appetite, the sources said. The banks, which include Morgan Stanley, Bank of America, and Barclays Plc, declined to comment.
Medical Properties (MPW) closed the most recent trading day at $10.99, moving -0.09% from the previous trading session.
Plug Power (PLUG) closed the most recent trading day at $16.49, moving +0.98% from the previous trading session.
Tesla’s stock has been in a tailspin. But if the electric-vehicle maker is able to navigate a few bumpy months, it will be a signal that it’s headed in the right direction.
Millions of Americans can save more in retirement accounts next year, after inflation adjustments made by the Internal Revenue Service.
International Business Machines Corporation stock is trending on the Yahoo Finance Platform. Here is a visualization of $IBM performance over time, how that performance compares to the wider industry, and analyst projections for the current quarter.
Typically, a lot of effort is required to make the money needed initially to generate passive income. Investing in stocks that pay high dividend yields is one of the easiest ways to make money without working for it. Here are three high-yield dividend stocks that could be passive-income machines.
These bargain-priced growth stocks are ripe for the picking with the Nasdaq Composite plunging by as much as 38%.
In this piece we will take a look at the ten value stocks that are too cheap to ignore. For more stocks, head on over to 5 Value Stocks That Are Too Cheap To Ignore. The current bloodbath that stock markets are facing could not have been predicted by Nostradamus himself if he were alive […]
Verizon Communications Inc. shares sunk to an 11-year low Friday after the cell phone carrier reported a 23% drop in third-quarter profits as wireless subscriber growth slowed. The New York-based company also said it’s launching a new cost-savings program to improve operating efficiencies and mitigate inflation impacts. Verizon (NYSE: VZ) said third-quarter net income fell 23% to $5 billion, or $1.17 per share, from $6.6 billion, or $1.55 per share, a year ago.