Global Ceramic Matrix Composites Market by Application (Defense, Aerospace, Electrical & Electronics, Energy & Power), by Product (Oxide, Silicon Carbide, Carbon) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global ceramic matrix composites market was valued at USD 3.29 billion. It is expected to grow at a CAGR 12.9% during the forecast period. This is due to the exceptional mechanical properties and high-temperature stability of Ceramic Matrix Composites (CMC). The market is expected to grow due to increased demand from defense applications like sensor protection, infrared domes and multi-spectral Windows.

CMC is expensive to produce. This makes it unsuitable for high-end applications like defense, aerospace and thermal management. Market growth has been affected by the high price of ceramic fibers.

Ceramic fibers, unlike composites that are made in large quantities and are therefore not subject to the same cost benefits as mass production. In the near future, however, technological advances in metal mining and joining technology will reduce the overall development costs of ceramic matrix materials.

Companies need to invest in R&D and technological advances to keep their market share. CMC has also been used more frequently for its improved performance, sturdy constructions, and greater comfort in applications like thermal management, electronics and high-end sporting equipment.

Ceramic matrix composites have high heat resistance, which allows them to operate with minimal or no cooling. These properties are expected to facilitate the substitution of metal components by CMC. This will in turn be a boon for market growth. The demand is expected to grow due to the growing aviation industry. Many global companies have invested in developing countries to meet the increasing demand for composites from different industries.

CMC production requires a lot of energy. Technology providers are working hard to improve the efficiency of production processes in order to reduce costs. These R&D activities are also being supported by developed countries through public-private partnerships or joint ventures.

The Continuous Lower Energy, Emissions, And Noise program (CLEEN) is a classic example of this type of collaboration. It was developed by the Federal Aviation Administration in partnership with five aircraft manufacturers, namely Boeing, Rolls-Royce, Honeywell, Pratt & Whitney, General Electric (GE), and Rolls-Royce. CLEEN is a program that focuses on developing technologies to reduce aircraft noise, fuel consumption, emissions and fuel consumption.

Product Insights

Silicon carbide ceramic matrix composites, (SiC), emerged as the most in-demand product segment and accounted to 35.24% market share by volume for 2018. This segment is expected to grow rapidly over the next seven year due to increasing demand from aerospace applications.

Over the forecast period, oxide matrix composites will be the fastest-growing product segment. The improved properties of oxide composites, such as low oxidation and high fracture toughness, will drive their demand in aerospace, defense and energy, as well as in power and energy applications.

The increasing demand for braking components in aircrafts and luxury cars can explain the growth in the carbon ceramic composites market. The market will continue to grow due to its unique properties, including low weight, high friction and temperature resistance.

Application Insights

Aerospace accounted for 36.32% market share in 2018 and was the most popular application segment. CMC is ideal for the manufacture of aircraft components due to its excellent properties, such as high temperature stability, thermal shock resistance and greater flexibility. The market for ceramic matrix composites is expected to grow due to increased R&D and the expansion of production plants by market leaders. CMCs are used to manufacture many components of aircraft, including nose caps, fins and exhaust nozzles. Leading edges, body flaps, panels, and other components.

The volume growth in defense application is expected to be 14.3% over the forecast period. Product demand for defense applications will be driven by their light weight and excellent abrasion characteristics. The market is experiencing a positive growth rate due to the increased use of these composites across a variety of sectors, including energy and power, electronics, industrial applications and marine.

Regional Insights

Asia Pacific is expected to be the fastest-growing region for ceramic matrix composites. It is predicted that it will grow at a CAGR of 14.7% per volume during the forecast period. The key factors driving the growth are technological developments in the aerospace industry and rising energy needs. Because of their low-cost labor and raw materials, the region of emerging economies like Thailand, India, Malaysia and China has a competitive advantage.

Make in India Initiative, 100% Foreign Direct Investment in Automotive, and One Belt One Road Initiative all encourage major players to set up production and distribution facilities in Asia Pacific. The highest expected CAGR in the energy and power sector is predicted to be over the next seven year. Asia Pacific's excessive oil consumption has prompted the need to ensure energy security and a greater focus on alternative energy sources such as natural gas. This segment will likely see ceramic matrix composites play a major role.

In 2018, North America accounted for 44.78% of the total market. The region's market growth is due to the presence of large aviation companies and their investments in R&D to develop ceramic matrix components.

Ceramic Matrix Composites Market Share insights

CMC manufacturers play an important part in product development that is based on customer needs. CMC manufacturers invest heavily in R&D to increase the material's applicability. Many companies integrate throughout the value chain. These companies are technologically superior to other players because the cost and properties of the product as well as their quality largely depend upon the raw material and production technology used to manufacture CMCs.

Among others, there are UBE Industries, Ltd., General Electric Company, COI Ceramics, Inc., and Coorstek, Inc., which are some of the major players in this market. Multinational companies have also invested in developing countries to meet the growing demand for various applications. GE Aviation, for example, is expected to invest in CMCs that will be used in the manufacturing of aircraft engines.

Most manufacturers concentrate on producing CMC according to customer specifications. This is based on the required geometry, complexity, and volume of the component. While the market leaders have their own patent technology, few others can borrow it. Pratt & Whitney technology is used to develop a geared turbofan engine with a high bypass ratio. NASA is one example.

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the country, regional, and global levels. It also analyzes the most recent industry trends in each sub-segment from 2015 to 2025. Grand View Research has divided the global ceramic matrix composites market by product, region, and application.

• Product Outlook (Volume and Tons; Revenue USD Millions, 2015-2025)

  • Oxide

  • Silicon Carbide (SiC)

  • Carbon

  • Other

• Application Outlook (Volume and Tons; Revenue USD Million, 2015-2025)

  • Aerospace

  • Defense

  • Energy & Power

  • Electrical & Electronics

  • Other

• Regional Outlook (Volume and Tons; Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

  • Middle East & Africa

Up Market Research published a new report titled “Ceramic Matrix Composites Market research report which is segmented by Application (Defense, Aerospace, Electrical & Electronics, Energy & Power), by Product (Oxide, Silicon Carbide, Carbon), By Players/Companies Inc among others Also, several multinational companies have invested in developing regions to fulfil the increasing demand from various applications For instance, General Electric Company; UBE Industries, Ltd; Coorstek, Inc; and COI Ceramics, GE Aviation is expected to invest in the development of CMCs for manufacturing aircraft engines”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Ceramic Matrix Composites Market Report Segments:

The market is segmented by Application (Defense, Aerospace, Electrical & Electronics, Energy & Power), by Product (Oxide, Silicon Carbide, Carbon).

Ceramic Matrix Composites Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Ceramic Matrix Composites Market

Overview of the regional outlook of the Ceramic Matrix Composites Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Ceramic Matrix Composites Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Ceramic Matrix Composites Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Defense

                2. Aerospace

                3. Electrical & Electronics

                4. Energy & Power

                1. Oxide

                2. Silicon Carbide

                3. Carbon

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ceramic Matrix Composites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Ceramic Matrix Composites Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.