Ceramic Matrix Composites Market Growth Analysis, by Size, Share and Top Key Players Like 3M, Rolls-Royce Plc, Ceramtec, KYOCERA Corporation

Market Segmentation

Ceramic matrix composites (CMC) are ceramic matrix reinforced with short or continuous fibers or whiskers. CMC’s are reinforced with fibers to reduce brittleness and improve fracture toughness. These composites are suitable for application operating under high-temperature conditions owing to superior properties such as high stiffness, thermal stability, good insulation, and low thermal conductivity. The product finds application in various end-use industries such as aerospace & defense, automotive, electrical and electronics, and renewable energy among others.

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

Competitive Analysis

Some of the key players in the global ceramic matrix composites market are 3M (U.S.), CeramTec (Germany), applied thin films inc. (U.S.), CoorsTek Inc. (U.S.), KYOCERA Corporation (Japan), GENERAL ELECTRIC (U.S.), Lancer Systems (U.S.), COI Ceramics, Inc. (U.S.), SGL Carbon India Pvt Ltd (India), and Rolls-Royce plc (U.K).

Market Segmentation

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.

Based on 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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Regional Analysis

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

Europe is the prominent region in the global ceramic matrix composites market with rising production of civil aircraft and helicopters, especially in the U.K, France, Italy, and Germany. Moreover, growing electrical and electronics industry with increasing demand for the wearable devices and electronic equipment in the pharmaceutical industry is driving the market growth.

Asia Pacific is the fastest growing region as a result of increased production of vehicles and aircrafts coupled with the easy and cheap availability of raw material and labors. Additionally, rising spending on the defense equipment by the government to strengthen the military power of the country is expected to augment the market growth.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

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4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

5 Industry Overview Of Global Ceramic Matrix Composites Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

To Be Continue….

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