Global Ceramic Matrix Composites Market, By Composite Type (Silicon Carbide Reinforced Silicon Carbide (SIC/SIC), Carbon Reinforced Carbon (C/C), Oxide-Oxide (OX/OX)), Fiber Type (Short Fiber, Continuous Fiber), Fiber Material (Alumina Fibers, Amorphous Ceramic Fibers (RCF), Silicon Carbide Fibers (SIC), Others), Application (Aerospace & Defense, Automotive, Energy & Power, Electricals & Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The ceramic matrix composites market will grow at a rate of 9.80% for the forecast period of 2021 to 2028. Rise in the demand of ceramic matrix composite in aerospace and defense sector acts as vital factor driving the growth of ceramic matrix composites market.
Ceramic matrix composites or CMCs are usually subgroup of ceramics and composite materials. They usually have two parts reinforcement and matrix, in which reinforcement is used to provide mechanical properties and matrix material is used to hold everything together. Carbon C, mullite or alumina silica, alumina and silicon carbide are some of the common reinforcing fiber material. These material are widely used in industries like energy &power, aerospace, automotive among others.
Increase in awareness about the benefits of ceramic matrix composite among population is the vital factor escalating the market growth, also increasing awareness about the benefits of ceramic matrix composite among population, rise in the availability of new technologies for less production cost, rise in the demand for lightweight fuel efficient vehicle and rise in the research and development activities in the market are the major factors among others driving the ceramic matrix composites market. Moreover, rise in the demand from emerging economies will further create new opportunities for the ceramic matrix composites market in the forecast period of 2021- 2028.
However, high production cost as compared to other metal and alloys, are the major factors among others acting as restraints, while lack of awareness about phenolic panels among end users will further challenge the growth of ceramic matrix composites market in the forecast period mentioned above.
This ceramic matrix composites market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the ceramic matrix composites market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ceramic Matrix Composites Market Scope and Market Size
The ceramic matrix composites market is segmented on the basis of composite type, fiber type, fiber material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on composite type, the ceramic matrix composites market is segmented into silicon carbide reinforced silicon carbide (SIC/SIC), carbon reinforced carbon (C/C), oxide-oxide (OX/OX) and others.
- Based on fiber type, the ceramic matrix composites market is segmented into short fiber and continuous fiber.
- Based on fiber material, the ceramic matrix composites market is segmented into alumina fibers, amorphous ceramic fibers (RCF), silicon carbide fibers (SIC) and others.
- The ceramic matrix composites market is also segmented on the basis of application into aerospace & defense, automotive, energy & power, electricals & electronics and others.
Ceramic Matrix Composites Market Country Level Analysis
The ceramic matrix composites market is analysed and market size, volume information is provided by country, type, composite type, fiber type, fiber material and application as referenced above.
The countries covered in the ceramic matrix composites market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the ceramic matrix composites market due to rise in the technological developments in aerospace industry and rising energy demand in this region. North America is the expected region in terms of growth in ceramic matrix composites market due to increase in awareness about the benefits of ceramic matrix composite among population in this region.
The country section of the ceramic matrix composites market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ceramic Matrix Composites Market Share Analysis
The ceramic matrix composites market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ceramic matrix composites market.
The major players covered in the ceramic matrix composites market report are GENERAL ELECTRIC, Rolls-Royce plc, SGL Carbon, United Technologies, Coi Ceramics Inc., Lancer Systems, CoorsTek Inc., applied thin films Inc., Ultramet, CFCCARBON CO,. LTD., GrafTech International, Precision Castparts Corp, Zircar Zirconia, Inc., Plasan North America, Touchstone Research Laboratory, Axiom Materials, Inc., UBE INDUSTRIES,LTD., KYOCERA Corporation and Clariant among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.