The global Ceramic Matrix Composites market size is estimated to be worth USD 7.9 billion in 2021 and will reach USD 15.59 billion by 2027, growing at a CAGR of 12% during the forecast period. 2021-2027. Huge demand for materials that are lightweight, energy efficient compatible and have superior mechanical and thermal properties from automotive, aerospace and defense industries is expected to drive the ceramic matrix composites market. Ceramic matrix composites are replacing metallic titanium and other composite-based components in many industries. The increasing production rate of major aircraft programs and the rapidly expanding application base of ceramic matrix composites are together driving the market growth. The exceptional performance of ceramic matrix composites at elevated temperatures is driving sales in the defense industry in particular. One of the most important industries in the world – the energy industry – is also responsible for generating a large demand for ceramic matrix composites in the global market.
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Key market influencing factors for the global ceramic matrix composites market over the forecast period
Ceramic matrix composites are increasingly finding applications in the automotive, aerospace, and defense industries due to their high damage tolerance, corrosion resistance, and fracture toughness, among others. This growing demand is expected to drive the growth of the market over the forecast period. Tighter government regulations on fuel efficiency are a major concern for automotive and aircraft manufacturers. To meet these regulations, manufacturers are turning to lightweight ceramic matrix composites, which allows them to achieve high yields. This rapid shift to ceramic matrix composites is expected to drive the demand for ceramic matrix composites.
The higher cost of ceramic matrix composites compared to other metals and alloys, which limits their application to high-end products, is a major impediment to the rapid growth of the market. The use of ceramic matrix composites poses problems of repairability and recyclability. Defects in ceramic matrix composites are extremely difficult to find and skilled workers are needed for this task. However, the rising awareness of ceramic matrix composite repair techniques is likely to resolve this issue in a short period of time and support the growth of the market over the forecast period.
Impact of COVID-19 on the Ceramic Matrix Composites market
The COVID-19 crisis has had a significant impact on the ceramic matrix composites market, which has led to a dramatic decline in overall demand and requires prompt actions from all stakeholders including manufacturers, suppliers, merchants and consumers. The economic downturn has led to a sharp drop in demand for end-use industry products, which is expected to negatively impact the ceramic matrix composites market in the early years of the forecast period. However, the negative effects of the pandemic are expected to be offset in the medium term.
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The report presents the global Ceramic Matrix Composites market research based on composite material type, category, production process and end use.
On the basis of composite type, the ceramic matrix composites market has been segmented into –
silicon carbide/silicon carbide
On the basis of category, the ceramic matrix composites market has been segmented into –
Long continuous fiber
On the basis of production process, the ceramic matrix composites market has been segmented into –
Reactive iron infiltration
Polymer Impregnation and Pyrolysis
Based on end-use industry, the ceramic matrix composites market has been segmented into –
Energy and power
Aerospace and Defense
Other ceramic matrix composites
Market: Regional Perspectives
The ceramic matrix composites market has been segmented into Asia-Pacific, Europe, North America, Middle East and Africa. North America dominates the global market due to massive demand from aerospace, defense and automotive industries. North America is expected to hold the largest market share during the forecast period owing to the presence of a large number of ceramic matrix composite manufacturers, heavy investment in research and development, and the implementation of environmental regulations.
The main competitors in the global ceramic matrix composites market are:
The global ceramic matrix composites market is highly fragmented with the presence of a large number of small companies across the globe. Ceramic Matrix Composites manufacturers operating in the global market are-
General Electric (USA)
Ube Industries, Ltd (Japan)
Rolls Royce (UK)
Major players in the Ceramic Matrix Composites market are focusing on growth strategies such as expansion, acquisitions, co
Companies, new product lines and advanced technology adjustments globally to increase market share. The report will provide an in-depth qualitative and quantitative assessment of industry/regional outlook with the presence of market players in each segment and region/country.
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Ceramic Matrix Composites Market Report Includes Comprehensive Analysis
Market Segmentation and Regional Analysis
Market size over 10 years
Supply and demand analysis
Product life cycle analysis
Porter’s Five Forces and Value Chain
developed and emerging markets analysis
PEST analysis analysis
Market and forecasts
Factor Analysis Opportunities, Risks and Market Trends
Conclusion and recommendation
Panoramic analysis of patents
Landscaper 15+ Company
Regional analysis of Ceramic Matrix Composites Market includes
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, rest of Asia-Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, North Africa, Rest of MEA Ceramic Matrix Composites Market Target Audience Ceramic Matrix
Manufacturers, traders and suppliers
Aerospace and defense companies
Research laboratories – Universities and private institutions
publications and specialized journals
authorities, associations and organizations
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