In accordance with this study, the global Ceramic Matrix Composites market value registered in 2019 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2019 with a CAGR of 11.00% during the period of 2020-2026. In the report the market has also been projected in terms of volume, from 2019 to 2026. The Ceramic Matrix Composites market is expected to increase from XX KT in 2019 to XX KT by 2026 with an anticipated CAGR of 9.50% between 2020 and 2026.
Composite materials are the type of materials that are formed by combining two or more materials of different physical and chemical properties. The material formed has totally different characteristics from the individual materials. Ceramic materials in general have high strength and can withstand very high temperatures. Their chemical inertness and low density increases their application in many fields like in aerospace shuttle designing, material casting, etc. But they are prone to failure in case of thermal shock and are easily damaged during fabrication or service. Therefore, it is necessary to make these composites overcome this problem.
Ceramic Matrix Composites are a subgroup of composite material. They consist of ceramic fibers embedded in a ceramic matrix forming ceramic fiber reinforced ceramic. Nowadays CMC’s are mainly used in the field that require reliability at high temperature (beyond the capability of metals) and resistance to corrosion. This includes heat shield system of space vehicles, for manufacturing the components of high temperature gas turbines and components for burners and flame holders.
Silicon carbide reinforced silicon carbide (SIC/SIC) segment held the major share in 2019. SIC/SIC is widely used in high-temperature application, owing to its properties such as resistance to high temperature and oxidation. Due to increase in production and export of aerospace and defense equipment like fighter jets from countries such as the U.S., Germany, France, and the UK to developing countries has increased the demand for SIC/SIC. As per fiber material, the SIC fiber segment accounted for the major share (over 35%) in 2019. This is attributed to the fact that silicon carbide fiber offers high stiffness, high chemical resistance, high temperature tolerance, and low weight as well as thermal expansion. Due to all these benefits, silicon carbide fibers are the clear choice for hot section components in the next generation of gas turbines. This in turn is anticipated to fuel the growth of the ceramic matrix composites market.
North America accounted for the major share in 2018 in the global ceramic matrix composites market, owing to increase in consumption of these composites in the automotive, aerospace & defense, and electrical & electronics industries. However, high manufacturing cost is the major obstacle in growth of this industry.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of Ceramic Matrix Composites.
The study offers a decisive view of the global Ceramic Matrix Composites market by segmenting it terms of product and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Silicon Carbide
- Energy & Power
- Electrical & Electronics
This section covers Ceramic Matrix Composites market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global Ceramic Matrix Composites market along with the individual application segment across all the prominent region.
Global Ceramic Matrix Composites Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Ceramic Matrix Composites market are 3M Company, Applied Thin Films Inc., CeramTec International, COI Ceramics Inc., CoorsTek Inc., General Electric Company, Kyocera Corporation, Lancer Systems LP, SGL Carbon Company, Starfire Systems Inc., Ube Industries Ltd., Ultramet, Inc and others.. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.