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    Ceramic Matrix Composites Market

    Ceramic Matrix Composites Market
    Report code - SRAM135 Delivery - 2 Weeks
    Ceramic Matrix Composites Market Size, Share, Trend, Forecast, & Competitive Analysis: See more...

    Market Insights

    The Ceramic matrix composites market was estimated to grow from US$ 8.65 Billion in 2021 to reach US$18.02 Billion in 2028 and is likely to grow at a CAGR of 11.09% over the next five years.

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    Increasing demand for advanced lightweight materials in the aerospace & defense and automotive industries to enhance fuel efficiency and to reduce carbon emissions, increasing production rates of key aircraft programs, and development of new ceramic matrix composite applications.

    Research Scope

    Trend & Forecast Period

    2016-2028

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Growth (2022-2028)

    11.09% CAGR 

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, Russia, The UK, China, Japan, India, Brazil, Argentina and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

    Segment Analysis

    By Product Type-

    The market is segmented based on product type as oxide/oxide, silicon carbide/silicon carbide, carbon/carbon, and others. Carbon/Carbon is expected to remain the most dominant product type over the next five years, driven by its excellent properties, such as high temperature resistance, low coefficient of thermal expansion, wear resistance, corrosion resistance, and hardness.

    Carbon/Carbon is preferred in a wide array of industries including aerospace & defense and automotive. Brakes, nose cone, and wing leading edges are some of the key carbon/carbon applications in the aerospace & defense industry. Silicon carbide/Silicon Carbide is projected to witness the highest growth for the same period, driven by development of new applications in the aircraft engines, such as low-pressure turbine blades and turbine shroud.

    By End-use Industry-

    The market is segmented based on end-use industry as aerospace & defense, transportation, energy, electrical & electronic, and others. Aerospace & defense industry dominates the market and is expected to remain the largest segment over the next five years.

    Increasing use of carbon/carbon brakes by replacing conventional steel brakes, development of new applications, increasing penetration of ceramic matrix composites in the commercial and military aircraft engines, and increasing production rates of key commercial aircraft programs in order to meet huge order backlogs are some of the major drivers contributing to a healthy demand for CMC in the aerospace & defense industry.

    Regional Insights

    North America is expected to remain the largest market for CMCs during the forecast period. High aircraft engine production and manufacturing capital of aerospace & defense industry with presence of several small to large players are major growth drivers of the market in North America. The US alone accounted for more than 90% of the North American CMC market and is projected to remain the growth engine of the region.

    Asia-Pacific is projected to witness the highest growth in the market during the forecast period, driven by China and India. Increasing effort for the development of commercial, regional, and military aircraft to become self-sustained, increasing military expenditures, and commencement of assembly plants by both commercial aircraft manufacturers in China will act as the key driving factors of the region.

    Segmentation

    The market is segmented in the following ways:

    By Product Type:

    • Oxide/Oxide
    • Silicon Carbide/Silicon Carbide
    • Carbon/Carbon
    • Others

    By Reinforcement Type:

    • Continuous Fibers
    • Short Fibers
    • Others

    By End-Use Industry Type:

    • Aerospace & Defense
    • Transportation
    • Energy
    • Electrical & Electronic
    • Medical
    • Others

    By Region:

    • North America (Country Analysis: USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the world (Country Analysis: Brazil, Argentina, and Others)

    Key Players

    Some of the ceramic matrix composites manufacturers are:-

    • 3M
    • CeramTec
    • COI Ceramics Inc.
    • CoorsTek Inc.
    • GE Aviation
    • Lancer Systems
    • Rolls Royce Plc.
    • SGL Group
    • Ultramet
    • United Technologies

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

    We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data.

    More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Report Features

    This report, from Stratview Research, studies the global ceramic matrix composites market over the next five-year period. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.

    The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis.
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Trend and forecast analysis.
    • Segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3)
    • SWOT analysis of key players (up to 3)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The ceramic matrix composites market size is projected to grow at 11.01% CAGR during 2022-28 to reach US$ 18.02 Bn in 2028.

    3M, CeramTec, COI Ceramics Inc., CoorsTek Inc., GE Aviation, Lancer Systems, Rolls Royce Plc, SGL Group, Ultramet, and United Technologies are among the key players in the market.

    North America is expected to remain the largest market for CMCs during the forecast period of 2020-2025.