Ceramic Matrix Composites Market to Record Biggest Revenue Generation in APEJ, slates TMR
Ceramic Matrix
Composites Market to Record Biggest Revenue Generation
in APEJ, slates TMR
Technological
flexibility and research & development are indispensable focus
areas for companies manufacturing ceramic
matrix composites (CMCs), owing to changing customer demands with
evolving trends, rapid transformations in technologies, and intense
market competition. Manufacturers are focusing on the development of
application-specific products with sturdy structures, higher comfort,
and improved performance, for use in high-end sports equipment,
electronics, and thermal management.
A new report of
Transparency Market Research has identified & profiled key
companies that make significant contribution to growth of the ceramic
matrix composites market, which include Specialty Materials, Inc.,
Ultramet, CoorsTek, CeramTec, COI Ceramics, Clariant Corporation
(KiON Corporation), and Lancer Systems, LP. Most of the market
players are integrated all around the supply chain. These
manufacturers have a technological benefit over others, as the raw
materials and production technologies selected for the production of
ceramics greatly influence the inherent properties and prices of
final products.
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Sufficient
Capital Requirement – Significant Entry Barrier for Niche Companies
The report envisages
the global ceramic matrix composites market to ride on a spectacular
CAGR over the period of forecast, 2017 to 2026. Global sales of
ceramic matrix composites are evaluated to exceed US$ 6,500 Mn in
revenues by 2026-end.
Various
multinational industries are tapping into developing markets for
catering robust requirement for CMCs across multiple applications. As
ceramic matrix composites form a vital part of the manufacturing
sector, the marketing and supply chain management activities account
for significant portion of revenues generated by the market players.
For niche companies, sufficient capital requirement stands as the
most crucial as well as a significant barrier to their entry into the
market. Leading manufacturers engulf well-established business
intelligence units, which are responsible for collection of valuable
& vital information on the customer behavior and experience.
High Cost of CMCs
Confining their Use to High-End Applications
Energy-intensive
procedures of ceramic matrix composites production result into high
cost of finished products, which confines their lucrativeness to
high-end applications viz. defense, thermal management, and
aerospace. Ceramic fibers, produced in demand-specific quantities, do
not impart benefits of mass production. Nevertheless, advancements in
metal joining and mining technologies are set to curtail the
development cost of CMCs in the near future.
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Conversion
procedures involves in ceramic matrix composite manufacturing entail
significant energy consumption, which in turn has led technology
providers to take efforts in developing energy-efficient
manufacturing processes. Developed nations are aiding the relevant
R&D activities via joint ventures and public-private
partnerships.
Key Takeaways
from TMR’s Report on Ceramic Matrix Composites Market
Ceramic matrix
composite market will observe the largest revenue generation in
Asia-Pacific excluding Japan (APEJ), in light of surplus raw material
sources and low-waged labor available in the region’s developing
nations such as China and India. Revenues from CMC sales in Europe
and North America will also remain significant, and are collectively
estimated to account for over one-third revenue share of the global
market by 2026-end.
Based on product
type, SiC/SiC and oxides/oxides composites will remain preferred
among end-use industries in the ceramic matrix composites market.
Revenues from carbon/carbon composites will however increase at a
comparatively higher CAGR than those from SiC/SiC and oxides/oxides
segment through 2026.
Automotive end-use
industries are likely to remain dominant in the market, in terms of
revenues, trailed by aerospace & defense. Electrical &
electronics, and energy & power end-use industries are set to
register a relatively faster growth in the market through 2026.
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