Transparency Market Research explains the reasons why global automotive ceramic matrix composites (CMC) market is likely to progress. The research report, titled “Automotive Ceramic Matrix Composites Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, is an extensive research on the dynamics present in the global market. It answers questions pertaining to the size of the market and its valuation at the end of the forecast period. The research report also points out the widening applications of automotive CMC and its impact on the overall trajectory of the global market.
The research report states that the demand for automotive CMC will rise at a positive pace as the growing number of industries are expected to use it. However, the automotive industry is expected to be the key end user as it is a better choice when compared to conventional technical ceramics. Some of the biggest problems of using technical ceramics is that they have poor shock resistance, prone to fractures, and brittle failure. On the other hand, automotive CMCs offer high resistance to temperatures and corrosion. Thus they are used in automotive clutches as they do not require cooling, which gives operations efficient.
Automotive CMCs are also gaining popularity as they are cheaper in cost and weight. This makes them suitable material for the production of brake system components and brake disks as they experience maximum thermal shock. Usage of carbon reinforced ceramic matrix composite ensures better life for the car as it offer excellent corrosion resistance, lesser weight, and minimal wear and tear. Owing to all of these factors, the automotive industry is expected to be the key consumer for ceramic matrix composites.
Increasing disposable incomes has led to phenomenal sales of passenger cars, which in turn as augmented the adoption of automotive ceramic matrix composites. Rising sales of luxury cars is also projected to have a positive impact on the overall market.
Geographically, the global automotive ceramic matrix composites market is segmented into Europe, Asia Pacific, North America, the Middle East and Africa, and Latin America. Out of these, Asia Pacific is expected to dominate the global market in the coming years as the automotive manufacturing industry and sales in the emerging economies remains a strong point.
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The research report picks out SGL Group, Composites Horizons, Ceramtec, ATK/COI Ceramics, COI Ceramics Inc., and United Technologies Aerospace Systems as the leading players operating in the global automotive ceramic matrix composites market. It offers a detailed explanation of the competitive landscape present in the global market. Analysts have conducted a thorough Porter’s five forces analysis to determine the intensity of the competition, threat to the existing players, and the possible opportunities they could benefit from. The publication also includes comments and suggestions from market experts that help in guiding the readers about the emerging trends.