Ceramic Matrix Composites Market Report 2027: Rising Demand Growing Popularity With CAGR of 9.1%

The ceramic matrix composites market accounted to US$ 8,560.0 Mn in 2018 and is expected to grow at a CAGR of 9.1% during the forecast period 2019 - 2027, to account to US$ 18,485.0 Mn by 2027.

Ceramic Matrix Composites (CMCs) are the materials consisting of a ceramic matrix combined with ceramic oxides or carbides. Ceramic materials are inorganic and nonmetallic solids, which are crystalline. They exhibit improved resistance and do not rupture easily under heavy loads as compared to conventional technical ceramics. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Companies Profiled in this report includes:

Applied Thin Films, Inc.
COI Ceramics, Inc.
Coorstek, Inc.
General Electric Company
Kyocera Corporation
Lancer Systems, LP
SGL Carbon SE
Starfire Systems, Inc.,
The 3M Company
Ultramet, Inc.

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Under the product segment, the oxide/oxide segment accounted for the largest share in the global ceramic matrix composites market. The oxides ceramic matrix composites are gaining increasing importance as a mainstream material alternative for the high-temperature components, mainly in the industrial, advanced energy and aerospace sectors. These materials are known to compete with other alternatives such as titanium in terms of cost-reductions. The oxide ceramic matrix composites have significant potential in the oxidation sensitive component applications. The demand for oxide ceramic matrix composites has been growing considerably in the aerospace sector for turbine engines and other high-temperature components.

CMC applications in the defense industry include helicopter rotor blades, ballistic protection plates, control surfaces, radomes, doors, and fuselages. The major growth drivers for this market include the increasing use of lightweight and high-performance materials in defense programs, as well as the growing need for lightweight materials in ballistic protection solutions. Also, properties like high-temperature performance, better wear resistance, and excellent compressive strength have increased the use of CMC for body armor in the defense industry.

GLOBAL CERAMIC MATRIX COMPOSITES MARKET SEGMENTATION

Global Ceramic Matrix Composites Market - By Product

Oxide/oxide
Carbon/silicon carbon
Carbon/carbon
Silicon carbon/silicon carbon

Global Ceramic Matrix Composites Market - By End-Use Industry

Aerospace & Defense
Automotive
Energy & Power
Industrial

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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