The global ceramic matrix composites market was valued at $3,900 million in 2016, and is anticipated to reach at $7,707 million, growing at a CAGR of 10.3% from 2017 to 2023. Ceramic matrix composites (CMC) are composed of ceramic fibers reinforced with particulates, fibers, and cloth. They exhibit greater crack resistance and doesn’t fracture easily under heavy loads, on comparison with conventional technical ceramics, which are found to fracture easily under loads. These composites exhibit greater strength, thermal shock stability, and erosion resistance at high temperatures.
The global ceramic matrix composites market gains demand, owing to its wide utilization among engineering application as they require high strength, high temperature resistance, armor or ballistic properties, and erosion or wear resistance. In addition, increase in use of internal combustion engines, jet engines, and rocket engines boosts the market growth. Moreover, rise in R&D activities, mass production of ceramic fibers, need to reduce weight to increase fuel efficiency of vehicles propel the market growth. However, major concerns related with reparability & recyclability and higher costs compared to other alloys restrain the market growth.
The ceramic matrix composites market is segmented based on fiber type, type, end user, and geography. Based on fiber type, it is classified into short fiber and continuous fiber. Based on type, it is categorized into silicon carbide reinforced silicon carbide (SiC/SiC), carbon reinforced carbon (C/C), oxide-oxide ceramic matrix composites (Ox/Ox), and others (carbon fiber reinforced silicon carbide (SiC/C)). Based on end user, it is divided into aerospace & defense, automotive, energy & power, electricals & electronics, and others (construction and industrial). Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players in this sector are
COI Ceramics Inc.
Starfire Systems Inc.
Ceramtec, Lancer Systems
Applied Thin Films, Inc.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to identify the prevailing market opportunities.
Major countries in each region are studied as per key trends, developments, and presence of industry players in the market.
Region wise and country-wise market conditions are comprehensively analyzed in the report.
Key players operating in the market are listed.
This study evaluates the value chain to understand the competitive environment across geographies.
An in-depth analysis of segmentation is provided to elucidate the dominant market opportunities.
KEY MARKET SEGMENTS
By Fiber Type
By End User
Aerospace & Defense
Energy & Power
Electricals & Electronics
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
The other players in the value chain (profiles not included in the report) are
AltaSim Technologies, LLC
Lancer Systems LP
SGL Carbon Company
*The above list of companies is not profiled in the report, but can be added based on client interest.