Ceramic Matrix Composites Market 2023 | Global Key Player; 3M, applied thin films inc., CeramTec, COI Ceramics, Inc., CoorsTek Inc., GENERAL ELECTRIC, KYOCERA Corporation, Lancer Systems, SGL Carbon India Pvt Ltd, and Rolls-Royce plc.

Market Segmentation:

The global ceramic matrix composites market is segmented by type, category, process, application, and region. On the basis of the type, the market is segregated into oxide/oxide, carbon/silicon carbide, silicon carbide, carbon/carbon, silicon carbide/silicon carbide, and others. The carbon/silicon carbide is the most preferred type of ceramic matrix composites owing to high oxidation resistance and stiffness. Carbon/carbon composites are increasingly used in the racing cars and aircraft due to lightweight.

Based on the category, the global market is segmented into short fibers, long (continuous) fibers, whiskers, and others. Long fibers are used widely by the major end-use industries owing to less brittleness and durability.

Based on the process, the market is segmented into power dispersion, liquid precursors, and gaseous infiltration. Liquid precursors is the preferred method for processing ceramic matrix composites due to reliability and suitability to form complex shapes based on the reinforcement preform shape.

On the basis of the application, the market is segregated into aerospace, automotive, electronics, energy & power, industrial, and others. Aerospace accounted for the largest market share as a result of increasing use in aircraft components such as gas turbine engines, brake disks, and turning blades. These composites are used as protection cover for furnaces and steel production.

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Segmentation

The global ceramic matrix composites market is segmented by type, category, process, application, and region.

On the basis of the type, the market is segregated into oxide/oxide, carbon/silicon carbide, silicon carbide, carbon/carbon, silicon carbide/silicon carbide, and others.

Based on the category, the global market is segmented into short fibers, long (continuous) fibers, whiskers, and others.

Based on the process, the market is segmented into power dispersion, liquid precursors, and gaseous infiltration.

On the basis of the application, the market is segregated into aerospace, automotive, electronics, energy & power, industrial, and others.

Based on the region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players

 3M
 Applied Thin Films Inc.
 CeramTec (COI Ceramics, Inc.
 CoorsTek Inc.
 GENERAL ELECTRIC
 KYOCERA Corporation
 Lancer Systems
 SGL Carbon India Pvt Ltd
 Rolls-Royce plc (U.K).

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Intended Audience

• Ceramic matrix composites manufacturers
• Traders and distributors of ceramic matrix composites
• Research and development institutes
• Potential investors
• Raw material suppliers
• Nationalized laboratory

Regional Analysis

North America was leading the global market for ceramic matrix composites owing to the expanding aerospace industry in this region. The product consumption is increasing in the U.S. as a result of rising production of aircraft in this region.

According to the Aerospace Industries Association (AIA) in 2017, the U.S. Aerospace & Defense industry’s exports had been grown by 26% over the last five years to USD 143 billion.

Europe is likely to witness a significant growth during the review period with reviving automotive industry in this region. Increasing production of hydrogen fuel cell vehicles is expected to reduce the environmental issues and positively influence the regional market development over the forecast period.
Asia Pacific was the fastest growing region in the global ceramics matrix composites market with growing aerospace & defense industry in the developing economies of India and China. Additionally, rising demand for the electronic devices in wearable, appliances, and automobiles is likely to augment the market growth.

Latin American region is expected to exhibit a considerable growth with respect to growing aerospace and defense industry, especially in Brazil and Mexico. Increasing production of commercial aircraft in Brazil is fuelling the demand in this region.

The Middle East and Africa market is likely to witness a moderate growth during the review period due to the growing automotive and aerospace industries. Increasing production of passenger vehicles, especially, by the PSA Groupe is estimated to propel the market growth.

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