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[English Market Research Report] CMC (Ceramic Matrix Composites) Market

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The global market size for CMC (ceramic matrix composites) reached 11 billion USD in 2023. The IMARC Group forecasts that the market will reach 24.2 billion USD by 2032, with a growth rate (CAGR) of 8.93% from 2024 to 2032. Significant expansion in the automotive industry, extensive research and development (R&D) activities, and the widespread adoption of products in high-speed machine components are the main factors driving the market.

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[English Market Research Report] Construction Composite Materials Market

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The global construction composite materials market size reached 5.5 billion USD in 2023. Going forward, the IMARC Group forecasts that the market will reach 8.1 billion USD by 2032, with a growth rate (CAGR) of 4.12% from 2024 to 2032. The main factors driving the market include the increasing use of composite materials in construction applications, the repair of aging concrete structures, and the high construction costs of composite materials.

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【English Market Research Report】Global Market for Wood Plastic Composites

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The global wood-plastic composites market size is projected to grow at a CAGR of 9.6% during the forecast period, reaching USD 12.5 billion by 2030. In 2022, the market reached a size of 4,332.8 kilotons, recording a growth of 7.1% from 2019 to 2022. Furthermore, rapid urbanization and population growth in both developed and emerging countries are increasing the demand for residential, commercial, and industrial construction. According to Brazil's Agencia de Noticias 2021, the construction sector generated a value of 377.8 billion reais in 2021, of which 355.8 billion reais were for construction and/or services, and 22 billion reais were for development, construction, and/or services (5.8%). Therefore, these factors are expected to drive the demand for wood-plastic composites.

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[English Market Research Report] Automotive Composite Materials Market

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The global automotive composite materials market size is expected to grow at a CAGR of 5.9% until 2034. This report investigates the global automotive composite materials market, summarizing the market overview, analysis of factors influencing market growth and market opportunities, trends and forecasts of market size, detailed analysis by various segments and regions, competitive landscape, and profiles of key companies.

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[English Market Research Report] Global Market for Composite Materials in Railways

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The market size for railway composite materials is expected to expand at a CAGR of 7.2% during the forecast period, growing from 1.7 billion USD in 2023 to 2.4 billion USD by 2028. This report investigates the global railway composite materials market, summarizing trends by fiber type, resin type, manufacturing process, application, and region, as well as profiles of companies entering the market.

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[English Market Research Report] Global Market for Ceramic Matrix Composites

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The global market size for ceramic matrix composites was valued at 4.1 billion USD in 2022 and is expected to grow from 4.62 billion USD in 2023 to 12.03 billion USD by 2031, with a projected CAGR of 12.7% during the forecast period (2024-2031). Ceramic matrix composites (CMCs) are anticipated to experience significant growth in the global market due to their high strength, lightweight nature, and stability at high temperatures. The CMC market is likely to be driven by these advantages. However, the high cost of CMCs is hindering market growth, as ceramic fibers are used in most metal and polymer composites, and their production numbers are lower compared to carbon fibers, which have lower manufacturing costs due to mass production. CMCs are utilized in many industries, including electronics, thermal management, and high-end sports equipment, for performance enhancement, improved comfort, and the construction of robust structures.

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【English Market Research Report】Market for Advanced Composite Materials

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According to the latest report from Grand View Research, Inc., the global advanced composites market is expected to reach USD 70.18 billion by 2030, growing at a CAGR of 9.3% from 2024 to 2030. The increasing demand for these products in the aerospace and defense industries, as well as in sports equipment, is anticipated to drive market growth. Advanced composites, also known as advanced polymer matrix composites, are lightweight materials with high strength and elasticity. These products are manufactured using fibrous materials embedded in various resin matrices. These advanced materials are widely used in aerospace and defense, automotive, marine, and wind energy sectors.

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