Ceramic Matrix Composites Market Industry Analysis and Detailed Profiles of top Industry Players – Kentucky Journal 24
By TMR Research on May 4, 2021 The global ceramic matrix composites market was valued at US$ 4,857.6 million in 2018 and is projected to reach US$ 11,516.1 million by 2026, growing at a CAGR of 11.4% from 2019 to 2026. Ceramic matrix composites are a subgroup of composite materials and ceramics, which are applicable in brake systems of automobiles due to their low weight, high friction, and temperature-resistant properties. Rapid development of the automotive sector, increase in expenditure power, and surge in demand for automobiles from consumers are expected to drive the growth of the globa...