the global ceramic matrix composites market the size is estimated at 7.9 billion USD in 2021 and reach 15.59 billion USD in 2027, registering a CAGR of 12% during the forecast period, 2021-2027. The huge demand for lightweight, energy efficient compatible materials with superior mechanical and thermal properties from the 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 rapid expansion of the application base of ceramic matrix composites are collectively fueling the market growth. The exceptional performance of ceramic matrix composites at higher temperatures is particularly stimulating sales in the defense industry. One of the key industrial sectors in the world, the energy industry, is also driving a strong demand for ceramic matrix composites in the global market.
Major Influencers of the Global Ceramic Matrix Composites Market During the Forecast Period
Ceramic matrix composites are finding more and more applications in the automotive, aerospace and defense industries due to their high tolerance to damage, corrosion resistance and resistance to weathering. rupture, among others. This increasing demand is expected to propel the market growth during the forecast period. Tightening government regulations on energy efficiency is a major concern for automotive and aircraft manufacturers. To comply with these regulations, manufacturers are turning to lightweight ceramic matrix composites, which allows them to achieve high efficiency. This rapid shift towards ceramic matrix composites is expected to drive demand for ceramic matrix composites.
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The higher costs of ceramic matrix composites compared to other metals and alloys, limiting their application to high-end products, is a major obstacle to the rapid growth of the market. The use of ceramic matrix composites poses problems of repairability and recyclability. Damage in ceramic matrix composites is extremely difficult to find, and skilled human resources are required for the job. However, the growing awareness of ceramic matrix composite repair techniques is likely to resolve this issue in a short period of time and support the market growth during the forecast period.
Impact of COVID-19 on the Ceramic Matrix Composites Market
The COVID-19 crisis has significantly affected the ceramic matrix composites market, causing a dramatic drop in overall demand and calling for swift actions from all stakeholders including manufacturers, vendors, distributors and consumers. The economic downturn has resulted in a significant drop in the demand for products from end-use industries, which is expected to negatively impact the ceramic matrix composites market in the early years of the forecast period. However, the negative impact of the pandemic should be offset in the medium term.
Scope of the report
The report presents the global ceramic matrix composites market research based on composite type, category, production process and end use.
On the basis of composite type, the market for ceramic matrix composites has been segmented into –
- Oxide / Oxide
- Carbon / Silicon Carbide
- Carbon / Carbon
- Silicon Carbide / Silicon Carbide
On the basis of category, the market for ceramic matrix composites has been segmented into –
- Short fiber
- Long continuous fiber
On the basis of production process, the market for ceramic matrix composites has been segmented into –
- Powder dispersion
- Reactive iron infiltration
- Impregnation and pyrolysis of polymers
On the basis of end use industry, the market for ceramic matrix composites has been segmented into –
- Energy & Power
- Aerospace and Defense
Ceramic Matrix Composites Market: Regional Outlook
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 the aerospace and defense and automotive industries. North America is expected to hold the largest share of the market during the forecast period owing to the presence of a large number of ceramic matrix composites manufacturers, heavy investment in R&D and implementation of environmental regulations.
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Major competitors in the global ceramic matrix composites market include
The global ceramic matrix composites market is highly fragmented, with the presence of a large number of small players across the globe. Ceramic Matrix Composites manufacturers operating in the global market are –
- General Electric (United States)
- 3M (United States)
- Ultramet (United States)
- CeramTec (Germany)
- Ube Industries, Ltd (Japan)
- CoorsTek (United States)
- Rolls-Royce (United Kingdom)
- Safran (France).
The major players in the Ceramic Matrix Composites market are focusing on growth strategies such as expansion, acquisitions, joint ventures, new product lines and advanced technological adaptation on a global level to increase their market share . The report will comprise an in-depth qualitative and quantitative assessment of the segmental / regional outlook with the presence of market players in the segment and the respective region / country.
Ceramic Matrix Composites Market Report Covers Comprehensive Analysis About
- Market segmentation and regional analysis
- 10 year market size
- Price Analysis
- Supply and demand analysis
- Product lifecycle analysis
- Porter’s Five Forces and Value Chain Analysis
- Analysis of developed and emerging economies
- PEST analysis
- Factor analysis of the market and forecasts
- Market opportunities, risks and trends
- Conclusion and recommendation
- Regulatory landscape
- Patent analysis
- Competition landscape
- 15+ company profiles
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, United Kingdom, 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 and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, rest of the MEA
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Target audience of ceramic matrix composites market
- Ceramic matrix composites manufacturers, distributors and sellers
- Companies in the aeronautics & defense sector
- Research laboratories – Universities and private institutions
- Specialized publications and magazines
- Government authorities, associations and organizations
Main issues addressed
- What is the market size by various segmentations of Ceramic Matrix Composites by region and respective countries?
- What are the customer buying behavior, key takeaways and Porter’s 5 strengths in the Ceramic Matrix Composites market?
- What are the main opportunities and trends for manufacturers involved in the ceramic matrix composites supply chain?
- What are the fundamental dynamics (drivers, constraints, opportunities and challenges) of the market?
- What and how are regulations, programs, patents and policies impacting market growth?
- What are the upcoming technological solutions influencing market trends? How will existing businesses adapt to new technological change?
- How will advanced technologies impact the ceramic matrix composites market?
- How has COVID-19 impacted the demand and sales of ceramic matrix composites in the global market? Also, the expected number of decrease or increase in the market BPS and the period of recovery expected by the market.
- Detailed analysis of competitors and their latest launch, and what are the top startups introduced in the target market? In addition, detailed profiling of more than 25 leading and eminent companies in the market.
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