Ceramic Matrix Composites to Grow at 9.1% CAGR During 2017 - 2022

Stratview Research announces the launch of a new research report on Ceramic Matrix Composites. This extensive report from Stratview Research, studies the Ceramic Matrix Composites over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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This Ceramic Matrix Composites analysis has been segmented in Four ways, keeping in mind the interest of all the stakeholders across the value chain.

• by Product Type (Oxide/Oxide, Silicon Carbide/Silicon Carbide, Carbon/Carbon and Others) – Carbon/Carbon is expected to remain the most dominant product type
• by Reinforcement Type (Continuous Fibers, Short Fibers,and Others)
• by End-Use Industry(Aerospace & Defense, Transportation, Energy, Electrical & Electronic, Medical and Others)- Aerospace & defense industry dominates the global CMC market
• and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

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Ceramic Matrix Composites (CMC) Market: Highlights
Ceramic matrix composites market is projected to witness an excellent CAGR of 9.1% over the next five years, driven by 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.

Ceramic matrix composites 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 in the global ceramic matrix composites market 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.
Ceramic matrix composites market is segmented based on end-use industry as aerospace & defense, transportation, energy, electrical & electronic, and others. Aerospace & defense industry dominates the global CMC 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.

North America is expected to remain the largest region in the global CMC market 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 CMC 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 global CMC 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.

3M, CeramTec, COI Ceramics Inc., CoorsTek Inc., GE Aviation, Lancer Systems, Rolls Royce Plc, SGL Group, Ultramet, and United Technologies are the key players in the global CMC market. Major players are raising their CMC capacities by either rolling out additional plants or ramping up capacities in their existing plants. New product development, geographical expansion, and collaboration with customers are some of the key strategies adopted by major companies to gain competitive edge over others.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market 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

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