Ceramic Matrix Composites Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Single User License $3500

Ceramic Matrix Composites Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : July, 2021 | Chemical & Materials

Report Digest


Ceramic Matrix Composites Market: Snapshot

Ceramic matrix composites (CMCs) are a class of materials that show considerable promise to provide fracture-toughness values similar to the one needed for metals such as cast iron. Ceramic matrix composites primarily of two types are being developed, wherein the first type includes continuous reinforcement such as fiber, and the second type includes discontinuous reinforcing phase such as whiskers. Failure behavior is the major difference between the two types of CMCs that are under development. Continuous-fiber-reinforced materials can support a load even after matrix failure. On the other hand, incorporating whiskers into ceramic matrix improves their resistance to crack growth. High-temperature silicon carbide reinforcements have been particularly important for the technology of toughened ceramics.

CMCs display the distinguishable property of being as strong as metal, yet are lighter that can withstand high temperatures. CMCs are designed to substitute refractory metals and other materials in high temperature applications that have erosion or deformation concerns. This is because their design and functional configuration is suitable for a several propulsion and thermal protection applications. Excellent structural performance, resistance to thermal shock, lower thermal conductivity and lower density than refractory metals, and erosion and oxidation resistance provided at high temperatures due to environmental barrier coating are some of the added features of ceramic matrix composites.

CMCs are increasingly being used in military and commercial jet engines and industrial turbines as their weight is one-third of nickel super-alloys that were previously used and can operate at temperatures as much as 500°F higher than nickel super-alloys.

Global Ceramic Matrix Composites Market: Overview

Ceramic matrix composites (CMCs) are a type of composite material as well as a kind of technical ceramic. The increased application for CMCs in electrical power generation, aerospace, and maritime propulsion is projected to increase the demand for ceramic matrix composites to a great extent over the coming period.

The report discusses key information about major growth drivers, restraints, opportunities, and trends observed in the global ceramic matrix composites market. Factors such as market projections, the supply-demand ratio, market size, market attractiveness, technological advances, and key segments have been studied in detail. The eramic matrix composites market shares, product portfolios, and business strategies of the major market players have been revealed, along with authentic statistical data, figures, charts, and tables.

Global Ceramic Matrix Composites Market: Drivers and Restraints

Some manufacturers have come up with CMCs that are fabricated through a fast melt infiltration process, which is time and cost efficient when compared with traditional chemical vapor infiltration process. This reduction in cost and time will contribute towards higher production of ceramic matrix composites. Governments of several countries such as the U.S. have been making large-scale investments in the manufacturing of CMCs. Moreover, rocket engines, jet engines, furnaces, nuclear components, welding tools, refractory components, spacecraft re-entry shielding, gas turbines, and engines for automobiles also incorporate CMCs. Replacement of superalloys also requires CMCs. The aforementioned applications will significantly fuel growth of the eramic matrix composites market.

Since CMCs are good conductors of electricity, are light weight, and stable even at high temperatures, they are becoming increasingly adopted across various industries such as electronics, defense, and thermal management. Furthermore, ceramic matrix compounds are likely to replace conventional alloys on account of their thermal stability, increasing their demand.

However, the eramic matrix composites market growth will be obstructed by the costs of ceramic matrix composites, which are heavily dependent on the cost of ceramic fibers. Besides this factor, high costs of raw materials used for ceramic matrix composites on account of energy intensive production will also restrain market expansion. Nonetheless, substantial opportunities will be presented by the energy and power sector, as it is a rapidly growing application segment.

The defense segment is another application segment which will adopt CMCs to a great extent. CMCs have exceptional impact strength and thermal stability, both of which qualities are treasured by the bulletproof armor producing industry. As they can operate at a temperature as high as 1300 C, CMCs will be increasingly preferred by several technologically advanced engines, widening growth opportunities.

Global Ceramic Matrix Composites Market: Regional Outlook

Based on geography, North America, Europe, Asia Pacific and MEA can be the major regional segments. Of these, Europe and North America, on account of the presence of most number of the leading market players, are at the headmost position. Moreover, high development of defense and aerospace sectors in North America is also responsible for growth in this region. Asia Pacific is projected to advance rapidly because of large-scale investments by multinational companies in order to meet the continuously rising demands from various applications. The increased defense expenditures of China and India will also benefit the global market for CMCs.

Global Ceramic Matrix Composites Market: Key Vendors

Key market vendors are emphasizing cost efficiency, as current production requires high amount of capital. In 2013, GE Aviation, one of the leading companies in the market for CMCs, announced its intention of building an advanced composite component factory in North Carolina, where CMC components will be manufactured. This is expected to lead to an increase in competition amongst the leading companies.

Some of the major companies operating in the global eramic matrix composites market are Applied Thin Films, Inc., 3M Company, General Electric Company, Ube Industries, Ltd., and CoorsTek, Inc.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?