Ceramic Matrix Composites Market Insights | Key Players: Rolls-Royce Plc. (U.K.), CeramTec (Germany), SGL Group (Germany), General Electric (U.S.), United Technologies (U.S.). Lancer Systems (U.S.), CoorsTek (U.S.), CoI Ceramics Inc. (U.S.), Applied Thin

Investments & expansions, acquisitions, and agreements/partnerships/joint ventures are the key development strategies adopted by the leading players to grow in the global ceramic matrix composites market

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Ceramic matrix composites are becoming crucial in the structural applications of aircraft and defense applications. In these applications, the demand for ceramic matrix composites is in commercial aerospace gas turbine engines, nose cap, and exhaust nozzle and missile propagation systems. The advantages offered by ceramic matrix composites such as light weight, increased fuel efficiency, high tensile strength, and ease in maintenance are increasing the penetration of these composites in the structural applications of various aircraft. The ceramic matrix composites market is projected to reach USD 7.51 billion by 2026, at a CAGR of 9.65%, from 2016 to 2026.

The key companies offering ceramic matrix composites are mainly involved in investments & expansions, acquisitions, and agreements/partnerships/joint ventures to strengthen their position in the global ceramic matrix composites market. Through investments & expansions, the key players are trying to increase their manufacturing capabilities of ceramic matrix composites to cater the increase in demand from emerging markets such as Asia-Pacific. In addition, the players are investing to offer new, technologically advanced ceramic matrix composites products. For example, General Electric Company has invested in a 100 acre manufacturing center in Huntsville to manufacture jet engines and land based gas turbines for electric power.

From 2012 to 2016, agreements/partnerships/joint ventures, investments & expansions, and acquisitions were the key strategies of the market players. Investments & expansions accounted for a share of 46.67% among all development activities in the global ceramic matrix composites market. Acquisition was the second most-preferred growth strategy, and accounted for 26.67% of the total development strategies in the global ceramic matrix composites market.

The major manufacturers profiled in this report are Rolls-Royce Plc. (U.K.), CeramTec (Germany), SGL Group (Germany), General Electric (U.S.), United Technologies (U.S.). Lancer Systems (U.S.), CoorsTek (U.S.), CoI Ceramics Inc. (U.S.), Applied Thin Films Inc. (U.S.), Ultramet (U.S.), and others. These companies have adopted various organic and inorganic growth strategies such as agreements/partnerships/joint ventures, investments & expansions, acquisitions, and new product launches to expand their global presence and increase their penetration into the global ceramic matrix composites market.

General Electric Company and Rolls-Royce Plc. were the major players with the maximum number of growth strategies between 2012 and 2016 in the global ceramic matrix composites market. These companies accounted for around 33.34% of the total developmental activities in the global ceramic matrix composites market between 2012 and 2016.

General Electric Company is one of the leading companies and the largest contributor in the growth of the global ceramic matrix composites market. The company accounted for the largest share of all the development activities undertaken in the ceramic matrix composites market between 2012 and 2016. The company expanded its manufacturing capabilities by opening two manufacturing centers in Huntsville and Ashville to cater the increasing demand of ceramic matrix composites in the market. The company also adopted partnership as a key growth strategy between 2012 and 2016 to enhance its geographical presence and customer base. The company operates in 130 countries, including the U.S., the U.K., and Australia as well as in African and Middle Eastern countries and other parts of the globe.

Rolls-Royce Plc. became another major player in the global ceramic matrix composites market with the acquisition of Hyper-Therm HTC, Inc. in 2013. This acquisition boosted Rolls-Royce’s growth and made it one of the leading manufacturers of ceramic matrix composites. The company established a new research & development center in South California in October, 2016 to expand its supply of ceramic matrix composites for aircraft.

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