Ceramic Matrix Composites Industry Forecast, Rapid Industry Growth, Competitive Market Share

By Author: Nikhil khadilkar
Total Articles: 431
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Ceramic matrix composites (CMC) Market 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 driven by rapidly expanding aerospace & defense industry across various regions. These composites are being increasingly used in aircraft for applications such as gas turbine engines, turbine blades, brake disks, and brake system components owing to rising demand for lightweight aircraft. Rising air traffic and growing tourism in the developing economies such as India, China, and Thailand have increased the need for ...
... aircraft, which, in turn is driving the market growth. Furthermore, increasing spending on the military and defense equipment by various countries such as the U.S. Britain, India, and China among others to bolster the military power and is likely to provide lucrative opportunities to the global ceramic matrix composites market.

Segmentation

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.

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.

Based on 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.

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.

North America emerged as the largest market for ceramic matrix composites market in 2017 and is likely to witness a significant growth during the review period with burgeoning aerospace & defense industry. Surging demand for the lightweight aircrafts due to rising environmental issues is propelling the market growth.

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.

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).

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