Market growth of reinforced carbon-carbon composites depend on the prices of the product compared to its substitutes. Copper is a clear substitute of the product in majority of the applications and the price of the copper is comparatively lower than the composites and for the market to capture the larger market, manufacturers should reduce the cost of production.
Reinforced carbon-carbon composite is an advanced material which has taken a rapid uptake in the past half-decade. Reinforced carbon-carbon composites are not only applied for automotive applications but also for electronics, energy and to manufacture industrial furnaces.
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Segmentation analysis of Reinforced Carbon-Carbon Composite Market:
The global reinforced carbon-carbon composite market is bifurcated into four major segments: matrix type, application, end-use industry and region.
On the basis of Matrix Type, Reinforced Carbon-Carbon Composite Market has been segmented as follows:
- Silicon Matrix
- Silicon Carbide Matrix
- Graphite Matrix
On the basis of application, Reinforced Carbon-Carbon Composite market has been segmented as follows:
- Automotive Components
- Furnace walls
- Fuselage components
- Rocket nozzles
- Others
On the basis of End-use industry, Reinforced Carbon-Carbon Composite market has been segmented as follows:
- Automotive Industry
- Electrical Industry
- Glass and Ceramics Industry
- Aerospace & Defence Industry
- Others
On the basis of geographic regions, Reinforced Carbon-Carbon Composite market is segmented as
- North America
- Europe
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Reinforced Carbon-Carbon Composite Market: Regional Outlook
From regional perspective, Europe holds largest market share owing to the extensive utilization of reinforced carbon-carbon composite in automotive applications. High-end cars manufactured in Europe utilizes reinforced carbon-carbon composite to manufacture brake pads and brake disk. Followed by Europe, North America captures less than one-third of the global reinforced carbon-carbon composite market. Followed by North America, East Asia is growing at a rapid pace owing to the rising EV production in the region.
Regions such as Latin America and Middle East & Africa doesn’t have enough potential to penetrate the market till the end of the forecast period owing to the cost of the reinforced carbon-carbon composite.
Reinforced Carbon-Carbon Composite Market: Key Players.
Global reinforced carbon-carbon composite market is highly consolidated in nature with presence of only few manufacturers across the globe. Key players in market are focused towards conservative approach. These players aim to channel a scattering range of reinforced carbon-carbon composite suitable to different pharmaceutical and chemical industries via supplier route. Key players in global reinforced carbon-carbon composite market are Chemtrec, Fluorochem, FUJIFILM Wako Pure Chemical Corporation, Clearsynth, Msynth and others.
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