Ceramic matrix composites market
The ceramic matrix composites market is predicted to reach USD 7,596 million by 2030, powering at a rate of 11.90% by the end of this decade. This is because of the increasing requirement for lightweight automobiles, growing power & energy sector, increasing industrialization, mounting living standard, and increasing consumer preference for these materials.
The oxide category dominated the industry with a share, of 31%, in 2022, and it will maintain its dominance in the years to come. This is because of its high requirement in Europe and North America as a result of numerous product suppliers, increasing use in the automotive sector, and getting popular as a mainstream option for high temperature components in the advanced energy and aerospace sector.
Aerospace had the largest share, of 37%, in 2022 in terms of revenue, and this trend will continue in the years to come. This is due to the high demand for CMCs for manufacturing jet engine fans, helicopter rotor blade sleeves, and other apparatuses of aircrafts.
Also, the growing R&D and development of manufacturing facilities by significant players are the features accountable for this growth.
CMCs are usually put to use in lightweight armors due to their low weight and high strength-to-weight ratio, such composites are employed in such armors. Another main driver is the growth of fuel-efficient automobiles and aircrafts. Therefore, the ceramic matrix composites market will be driven by the manufacturing of fuel-efficient airplanes and sports-automobiles.
North America led the way with 46% share, in 2022 and the dominance will continue in the near future as well. This has a lot to do with the presence of a various industry giants, well-established power& energy industry giants, high acceptance rate of cutting-edge technology, and increase in the spending on R&D for developing novel products for aviation.
Europe held a substantial share in 2022 and it will maintain its position in the future, proceeding at a considerable rate. This is because of the well-established automobile sector, the existence of numerous vehicles and auto parts manufacturers, and the rising preference of customers for light-weighted vehicles in Europe.
The growing energy and power sector has a lot to so with the growing demand for ceramic matrix composites all over the world. This trend will also continue in the years to come as well.
[edit] Related articles on Designing Buildings
- Adhesives.
- Aggregate.
- Carbon fibre.
- Composite classical order.
- Concrete.
- Concrete-steel composite structures.
- Construction composites market.
- Construction materials.
- Curtain wall systems.
- Decking boards.
- ETFE.
- Glulam.
- Hempcrete.
- Kevlar.
- Laminate.
- Metal composite panels.
- Metal fabrication.
- Modernising composite materials regulations.
- Plastic.
- PTFE.
- Recyclable construction materials.
- Reinforced concrete.
- Resin.
- Sandwich panel.
- Structural Insulated Panels.
- Sustainable materials.
- The development of structural membranes.
- Thermoplastic materials in buildings.
- Types of materials.
- Composites
[edit] External Links
https://www.psmarketresearch.com/market-analysis/ceramic-matrix-composites-market
Featured articles and news
Amendment to the GB Energy Bill welcomed by ECA
Move prevents nationally-owned energy company from investing in solar panels produced by modern slavery.
Gregor Harvie argues that AI is state-sanctioned theft of IP.
Heat pumps, vehicle chargers and heating appliances must be sold with smart functionality.
Experimental AI housing target help for councils
Experimental AI could help councils meet housing targets by digitising records.
New-style degrees set for reformed ARB accreditation
Following the ARB Tomorrow's Architects competency outcomes for Architects.
BSRIA Occupant Wellbeing survey BOW
Occupant satisfaction and wellbeing tool inc. physical environment, indoor facilities, functionality and accessibility.
Preserving, waterproofing and decorating buildings.
Many resources for visitors aswell as new features for members.
Using technology to empower communities
The Community data platform; capturing the DNA of a place and fostering participation, for better design.
Heat pump and wind turbine sound calculations for PDRs
MCS publish updated sound calculation standards for permitted development installations.
Homes England creates largest housing-led site in the North
Successful, 34 hectare land acquisition with the residential allocation now completed.
Scottish apprenticeship training proposals
General support although better accountability and transparency is sought.
The history of building regulations
A story of belated action in response to crisis.
Moisture, fire safety and emerging trends in living walls
How wet is your wall?
Current policy explained and newly published consultation by the UK and Welsh Governments.
British architecture 1919–39. Book review.
Conservation of listed prefabs in Moseley.
Energy industry calls for urgent reform.