Global Ceramic Matrix Composites (CMC) Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Ceramic Matrix Composites Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global ceramic matrix composites market report has been segmented on the basis of fiber type, matrix type, end-use industries, and region.
Crystalline in the natural ceramic materials is non-metallic solids and inorganic. Ceramic matrix composites are known as group of some composite materials containing ceramic fibers embedded in ceramic matrix. This ceramic matrix is composed of carbon fibers, that are recognized as carbon-fiber-reinforced carbon. In addition, high thermal stability and electrical conductivity have augmented utilization of ceramics in numerous thermal and electronic management applications where high efficiency is necessary. Moreover, ceramic composites are utilized in thermal management, electronic products, and aerospace and defense industries in order to improve structural performance. Furthermore, these composites are used in engineering various applications including gas turbines components, brake disks, heat shield systems, rocket engines, and brake system components used in airplanes and cars to safeguard from high corrosion, extreme thermal shock, and wear resistance.
Increasing adoption for ceramic matrix composites across various end-use industries such as aerospace and defense and automotive a major factor estimated to drive the global ceramic matrix composites market growth. Growing demand for ceramic matrix composites from energy and power industry is among additional factor expected to drive the global ceramic matrix composites market growth.
Growing demand for the ceramic matrix composites in construction and electrical and electronics industries and rising need to reduce the weight to optimize efficiency of the automobiles. These are among additional factors projected to drive the global market growth. Moreover, incorporation of various low-cost production technologies and various properties offered by these materials are factors expected to propel the global market growth.
However, high cost as compared to other alloys and metals and high customization required for the end-use applications are key factors expected to restraint the global ceramic matrix composites market growth.
Among the fiber type segments, the continuous fiber segment is expected to account moderate revenue share in the global ceramic matrix composites market. The revenue of the continuous fiber segment is anticipated to register highest CAGR.
Among the matrix type segments, the on-premises segment is estimated to account for major revenue share in the global ceramic matrix composites market. The revenue of the on-premises segment is anticipated to register highest CAGR.
Among the end-use industries segments, the aerospace and defense segment is expected to register a major revenue share in the global ceramic matrix composites market. This can be attributed to increasing use of these ceramic matrix composites in aerospace and defense industry is primarily owing to its properties including high damage tolerance, high temperature, wear, and corrosion resistance, and fracture toughness. Ceramic matrix composites are also used in the aerospace gas turbine engines, exhaust nozzles, missile propulsion systems, and nose caps in the aerospace and defense end-use industry. The revenue of the aerospace and defense segment is expected to register the highest CAGR.
The North America market is expected to account for a moderate revenue share in the global ceramic matrix composites market. Moreover, Asia Pacific ceramic matrix composites market is anticipated to register highest revenue growth, owing to presence of advanced ceramic matrix composites manufacturing industry and rising demand for ceramic matrix composites from aerospace and defense application in the US.
Global Ceramic Matrix Composites Market Segmentation:
Segmentation by Fiber Type:
- Short Fiber
- Continuous Fiber
Segmentation by Matrix Type:
- Oxide/Oxide Ceramic Matrix Composites
- C/SiC Ceramic Matrix Composites
- C/C Ceramic Matrix Composites
- SiC/SiC Ceramic Matrix Composites
Segmentation by End-Use Industries:
- Aerospace & Defense
- Energy & Power
- Electronics and Electrical
- Others (Construction, Industrial, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- General Electric Company
- Rolls-Royce PLC
- SGL Carbon SE
- United Technologies Corporation
- COI Ceramics, Inc.
- Lancer Systems, LP
- CoorsTek, Inc.
- Applied Thin Films, Inc.
- Ultramet, Inc.
- CFC CARBON CO., LTD
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