The Ceramic Matrix Composites market accounted for $8.43 billion in 2018 and is expected to reach $22.4 billion by 2027 growing at a CAGR of 11.5% during the forecast period. Some of the key factors such as rising demand in aerospace & defense applications, increasing demand for lightweight & high performance materials and Rapid growth in automotive sector are driving the market growth. Moreover, standardization in the production of these composites and incorporation of low-cost production technologies will provide ample opportunities for the growth of the market. However, high customized requirements for end-user applications and higher costs in contrast to other metals and alloys act as the restraining factors for the market growth.
Ceramic matrix composites are defined as a subgroup of composite materials and technical ceramics comprising of ceramic fibers embedded in a ceramic matrix. They are inorganic and nonmetallic solids, which are crystalline in nature. Properties like electrical conductivity and high thermal stability have made ceramic matrix composites suitable for various thermal and related applications where weight to strength proportion and high efficiency is of most extreme significance. They exhibit improved crack resistance and don’t rupture easily under heavy loads when compared with conventional technical ceramics.
By end-user, aerospace & defense segment is going to have a lucrative growth during the forecast period due to its properties like high damage resilience, fracture toughness, and high temperature, wear, & erosion resistance. It is anticipated that these composites will supplant titanium metal- and other different composites-based segments in aircraft structures. By geography, North America is going to have a lucrative growth during the forecast period due to intense demand for these composites from the aviation & defense application in the US which is expected to drive the market in this region. The US is the most important market for these composites in the region, where producers are investing in new matrix types and R&D activities.
Some of the key players in this market include Rolls-Royce Plc., General Electric Company, United Technologies, SGL Carbon, Applied Thin Films Inc., COI Ceramics Inc., CFC Carbon Co., Ltd., Coorstek Inc., Lancer Systems and Ultramet.
Sales Channels Covered:
- Direct Sales
- Distributor
Fiber Materials Covered:
- Amorphous Ceramic Fibers (RCF)
- Silicon Carbide Fibers (SIC)
- Alumina Fibers
- Other Fiber Materials
Production Methods Covered:
- Sol-gel
- Powder Dispersion
- Polymer Impregnation and Pyrolysis
- Liquid Precursors
- Gaseous Infiltration/Chemical Vapor Infiltration
- Reactive Melt Infiltration
- Other Production Methods
Fiber Types Covered:
- Long Continuous Fiber
- Whiskers
- Short Fiber
- Other Fiber Types
Matrix Types Covered:
- Alumina Matrices
- Carbon/Carbon (C/C) Ceramic Matrix Composites
- Oxide/Oxide (OX/OX) Ceramic Matrix Composites
- Silicon Carbide/Silicon Carbide (SiC/SiC) Ceramic Matrix Composites
- Carbon/Silicon Carbide (C/SiC) Ceramic Matrix Composites
- Silicon Carbide/Carbon (SIC/C) Ceramic Matrix Composites
- Other Matrix Types
End-Users Covered:
- Sensors and Instrumentation
- Mechanical and Chemical
- Transportation
- Industrial
- Electrical & Electronics
- Energy & Power
- Aerospace & Defense
- Automotive
- Other End-Users
Regions Covered:
- North America
- ·US
- ·Canada
- ·Mexico
- Europe
- ·Germany
- ·UK
- ·Italy
- ·France
- ·Spain
- ·Rest of Europe
- Asia Pacific
- ·Japan
- ·China
- ·India
- ·Australia
- ·New Zealand
- ·South Korea
- ·Rest of Asia Pacific
- South America
- ·Argentina
- ·Brazil
- ·Chile
- ·Rest of South America
- Middle East & Africa
- ·Saudi Arabia
- ·UAE
- ·Qatar
- ·South Africa
- ·Rest of Middle East & Africa
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- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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