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Global Automotive Ceramic Matrix Composite Market Research Report 2016

Press Release   •   Aug 16, 2017 06:27 EDT

Global Automotive Ceramic Matrix Composite Market Research Report 2016

Zion Market Research has published a new report titled “Automotive Composites Market by Type (Metal Matrix Composite, Polymer Matrix Composite, and Ceramic Matrix Composite) for Interior, Exterior, Chassis & Powertrain Components and Others Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, the global automotive composites market was valued at USD 5.12 billion in 2015, and is expected to reach USD 8.22 billion in 2021, growing at a CAGR of 8.3% between 2016 and 2021.

Download sample pages of this report:https://goo.gl/kJCHYb

Automotive composites are primarily used for reducing the weight of components. These composites add the unique characteristics to the part such as high tensile strength, lightness, stiffness, material strength, etc. therefore, considering this parameter the automotive composites market has wide scope in the near future in various applications including automotive, aerospace,, electronics, defense and marine amongst others.

Carbon/Carbon (C/C) ceramic matrix composites have the largest market share and are projected to grow at the highest CAGR in the global ceramic matrix composites market. There is a high demand for C/C ceramic matrix composites for wide body commercial aircraft. C/C ceramic matrix composites are considered as material of choice for braking systems in aerospace and automotive industry, due to their low weight, high friction and temperature resisting properties. In the aerospace & defense applications, ceramic matrix composites are largely used to make the brakes, nose cones and wing leading edges of the space shuttle orbiter. In the automotive applications, it is majorly used in the brake systems of luxury and sports cars. In addition to this, the mass production of ceramic matrix composites using carbon fibers leads to lower prices of carbon/carbon ceramic matrix composites, which makes it a popular commercial choice over other matrix composites.

Download sample pages of this report:https://goo.gl/kJCHYb

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