Asia-Pacific CMC Market Trends, Size, Competitive Analysis and Forecast - 2019-2025

Asia-Pacific ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 11.0% during the forecast period. Asia-Pacific is estimated to exhibit considerable growth in the global CMC market. The growth is mainly attributed to the emerging automotive and aerospace industry in the region, which is primarily involved in the development of innovative technologies. Apart from these automotive sector and aerospace sectors, CMC is also utilized for application in the energy sector. Solar panels are generally coated with ceramics as a protective layer, which further enables them to withstand higher temperatures and improved functionality. Solar energy is seen as one of the most abundantly available renewable energy on the earth and the region has the highest installation of solar PV.

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According to the International Energy Agency, China ranks first in terms of solar power capacity and is projected to continue its leading position in the upcoming years as well. As per the International Renewable Energy Agency (IRENA), China's total operating solar PV capacity reached 175 GW in 2018. Owing to the presence of several major providers of solar panels, the production capacity of solar modules is also high in the country. These facts and figures regarding the rising solar power market and automotive industry are likely to drive the CMC market in the region during the forecast period.

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Asia-Pacific CMC Market Segmentation

By Product Type

o Silicon Carbide Reinforced Silicon Carbide
o Oxides/Oxides
o Carbon/Carbon Composites
o Others (SIC/C)

By End-Use Industry

o Automotive
o Aerospace & Defense
o Energy & Power
o Electrical & Electronics

Regional Analysis

o China
o India
o Japan
o Rest of Asia-Pacific

Company Profiles

o 3M Co.
o CeramTec GmbH
o General Electric Co.
o Nippon Carbon Co., Ltd.
o Rolls-Royce plc
o Safran Group
o SGL Carbon SE
o SST Technology
o UBE Industries, Ltd.

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