Ceramic Matrix Composites Market by Matrix Type (Oxide/Oxide, C/SiC, C/C, SiC/SiC), End-Use Industry (Aerospace & Defense, Automotive, Energy & Power, Industrial), Region (North America, Europe, APAC, Middle East & Africa,) - Global Forecast to 2029
[127 Pages Report] The ceramic matrix composites market is projected to grow from USD 9.4 billion in 2019 to USD 23.3 billion by 2029, at a CAGR of 9.5 % between 2019 and 2029. The market is growing due to the high demand from aerospace & defense, automotive, and energy & power end-use industries.
Market Dynamics
Need to reduce weight to optimize efficiency of automobiles driving the market
It is crucial for manufacturers to reduce the weight of automobiles to achieve higher efficiency. This, in turn, will help counter the effect of growing fuel prices and reduce carbon emission. Moreover, the high-temperature resistance and high tensile strength reduce the use of cooling air in automobile engines, which further results in improved efficiency. Manufacturers of luxury and sports car engines prefer to use ceramic matrix composites in their engine components as they are strong, lighter, and can withstand very high temperatures. They are expected to increasingly replace conventional alloys and metal components in automotive engines as conventional alloys need extensive dedicated cooling air while ceramic matrix components can operate with little or no cooling. This growing need to reduce weight and improve efficiency is driving the demand for ceramic matrix composites.
Higher costs compared to other metals and alloys
However, the cost has been a concern for many industries over the last decade. The prices of ceramic matrix composites are controlled, to a large extent, by the costs of ceramic fibers. The prices of carbon/carbon ceramic matrix composites are comparatively lower than silicon carbide/silicon carbide and oxide/oxide ceramic matrix composites due to the large-scale production of carbon fibers in the last few years. On the other hand, the production of alumina and silicon carbide fibers is still very low. Another factor contributing to high prices of ceramic matrix composites is the manufacturing of the matrix; the production of a matrix needs expensive batch processes at high temperatures in a controlled atmosphere. Also, ceramic matrix components involve densification costs and machining costs, along with numerous inspection steps if the component is to be used commercially or where the risk of failure may endanger lives.
Many industries consider ceramic matrix composites for a limited number of premium applications owing to the high costs of raw materials, fabrication, and inspection compared to monolithic ceramics and other conventional materials. This high cost is a major restraint to the growth of the market.
Standardization of ceramic matrix composites production, an opportunity
The customization requirement for ceramic matrix composites for specific applications involves higher costs and has impacted the market growth in the past. The large-scale production of simple shapes, such as plates and pipes, would help in eliminating the manual steps involved in the processing of ceramic matrix composites. Other than standardization, manufacturers are emphasizing on building more complex components using new joining techniques.
Some of the manufacturers are using computer-based design for new components. The standardization of using simple shapes and computer-based designs will result in the rapid growth of the ceramic matrix composites market in the near future.
Slower adoption in newer applications such as energy & power
The risk associated with introducing ceramic matrix composites in new applications is considered to be a big roadblock for the market growth. The major part of this risk is the customers confidence in this material system. They are considered to be the material of choice for applications in aerospace and defense industries. However, it is going to take some time for them to be a part of low-cost applications. Market players are anticipating high growth in the ceramic matrix composites market in the coming years due to their use in newer applications. For instance, Japanese researchers are considering it for building next-generation nuclear reactors. These composites are increasingly finding applications in the medical and diagnostic industry for making implants and diagnostic kits. However, due to the high manufacturing cost and time associated with these composites, gaining customer confidence is a major challenge for the market players.
Aerospace & defense end-use industry is expected to witness high CAGR between 2019 and 2029.
Ceramic matrix composites are finding increased application in the aerospace & defense segment. This increasing use of ceramic matrix composites in the aerospace & defense industry is mainly due to its properties such as high damage tolerance, fracture toughness, and high temperature, wear, & corrosion resistance. It is projected that ceramic matrix composites will replace titanium metal- and other composites-based components in aircraft structures. Ceramic matrix composites are used in aerospace gas turbine engines, nose caps, exhaust nozzles, and missile propulsion systems in the aerospace & defense end-use industry.
Oxide/oxide matrix segment is projected to account for a major share in the overall ceramic matrix composites market, in terms of volume, during the forecast period.
The ceramic matrix composites market was dominated by the oxide/oxide ceramic matrix composites segment, in terms of volume. This is due to the high demand for oxide/oxide ceramic matrix composites in aerospace, industrial, and automotive applications. Oxide/oxide ceramic matrix composites are considered as the material of choice in the aerospace, industrial, and automotive industries due to their low weight and high-temperature resistance properties. It is also widely used in industrial applications. They are less expensive than SiC/SiC ceramic matrix composites.
North America is expected to lead the ceramic matrix composites market during the forecast period.
North America is the largest and the fastest-growing ceramic matrix composites market. The aerospace & defense sector is the major consumer of ceramic matrix composites in the region. Presence of a large number of ceramic matrix composites manufacturers makes the region the most important market for ceramic matrix composites. The presence of an advanced ceramic matrix composites industry and high demand for ceramic matrix composites from the aerospace & defense application in the US are expected to drive the ceramic matrix composites market in North America. The US is the most important market for ceramic matrix composites in the region, where manufacturers are investing in new matrix types and R&D activities. Positive growth of the aviation industry, investments in R&D activities, and implementation of environmental regulations would drive the ceramic matrix composites market in the US.
Key Market Players
Some of the key players in the ceramic matrix composites market are General Electric Company (US), Rolls-Royce (UK), SGL Carbon (Germany), United Technologies (US), COI Ceramics (US), Lancer Systems (US), CoorsTek (US), Applied Thin Films (US), Ultramet (US), and CFC Carbon (China). The key strategies adopted by the major players for enhancing their business revenue are investments & expansions, agreements & partnerships, and acquisitions.
Scope of the Report
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This research report categorizes the ceramic matrix composites market based on matrix type, end-use industry, and region.
On the basis of matrix type, the ceramic matrix composites market has been segmented as follows:
- C/C
- C/SiC
- Oxide/Oxide
- SiC/SiC
On the basis of end-use industry, the ceramic matrix composites market has been segmented as follows:
- Aerospace & Defense
- Automotive
- Energy & Power
- Industrial
- Others (Electrical & Electronics, Medical, and Marine)
On the basis of region, the ceramic matrix composites market has been segmented as follows:
- North America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America
Recent Developments
- In March 2018, General Electric Company announced the opening of two new production sites. The company is investing USD 105 million to construct two ceramic matrix manufacturing plants in North Carolina, one in Asheville and one in West Jefferson. The composites manufactured at these production sites will be used to manufacture jet engines.
- In October 2016, Rolls-Royce Plc. developed an R&D center by investing USD 30 million for ceramic matrix composites materials and processes in South California. It helps the company in developing lighter and stronger fibers for aircraft.
- In October 2016, Rolls-Royce Plc., in partnership with Liebherr-Aerospace (France), launched power gearbox (PGB) for the UltraFan engine design. The product is heat-resistant due to the use of advanced ceramic matrix composites that work more effectively and require less cooling air.
- In September 2016, SGL Carbon launched two products, namely, SIGRASIC and CARBOPRINT Si. SIGRASIC is a carbon fiber reinforced silicon carbide ceramic product manufactured for use in applications such as charging elements and systems. CARBOPRINT Si is made from carbon ceramic composites and provides good thermal and electrical conductivity. It can be used in optimum efficiency ventilators for heat treatment furnace applications.
- In October 2015, General Electric Company, through its subsidiary GE Aviation, announced the opening of production sites. The company is investing more than USD 200 million to construct two ceramic matrix manufacturing plants in Huntsville. The composites manufactured at these production sites are for use in the manufacture jet engines and land-based gas turbines for electric power.
- In April 2015, Lancer Systems acquired all the assets and rights related to CeraComp, a ceramic matrix technology for high-speed applications developed by Green, Tweed & Co. Inc. (US). It helped the company to serve applications areas which require very high-temperature operations, above 600°C (1,100°F).
Key Questions Addressed by the Report
- Which are the major end-use industries of ceramic matrix composites?
- Which matrix type is majorly used in ceramic matrix composites?
- Which region is the largest and fastest-growing market for ceramic matrix composites?
- What are the major strategies adopted by the leading market players?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 16)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
2.5 Limitations
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Ceramic Matrix Composites Market
4.2 Ceramic Matrix Composite Market, By End-Use Industry
4.3 Ceramic Matrix Composites Market, By Matrix Type
4.4 Ceramic Matrix Composite Market, By Country
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need to Reduce Weight to Optimize Efficiency of Automobiles
5.2.1.2 Growing Demand for Ceramic Matrix Composites in Aerospace & Defense and Energy & Power Industries
5.2.2 Restraints
5.2.2.1 Higher Costs Compared to Other Metals and Alloys
5.2.2.2 High Customization Requirement for End-Use Applications
5.2.3 Opportunities
5.2.3.1 Incorporation of Low-Cost Production Technologies
5.2.3.2 Standardization of Ceramic Matrix Composites Production
5.2.4 Challenges
5.2.4.1 Issues Related to Reparability and Recyclability
5.2.4.2 Slower Adoption in Newer Applications Such as Energy & Power
5.3 Porters Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of Substitutes
5.3.4 Threat of New Entrants
5.3.5 Intensity of Competitive Rivalry
6 Macroeconomic Overview and Key Trends (Page No. - 40)
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends in Aerospace Industry
6.4 Trends in Automotive Industry
7 Ceramic Matrix Composites Market, By Matrix Type (Page No. - 44)
7.1 Introduction
7.2 Oxide/Oxide Ceramic Matrix Composites
7.2.1 Oxide/Oxide Segment has Largest Share in Overall Market Due to Demand for Lower Priced and High thermal Stability Materials
7.3 C/SiC Ceramic Matrix Composites
7.3.1 C/SiC Ceramic Matrix Composites Market is Driven By High Demand From Aerospace and Luxury & Sports Cars Industries
7.4 C/C Ceramic Matrix Composites
7.4.1 North America Leads the C/C Composites Market Owing to High Demand From Aerospace & Defense Industry
7.5 SiC/SiC Ceramic Matrix Composites
7.5.1 SiC/SiC Matrix has Significant Demand in High-Temperature Applications of Engine Components, Gas Turbines, and Heat Exchangers
8 Ceramic Matrix Composite Market, By End-Use Industry (Page No. - 53)
8.1 Introduction
8.2 Aerospace & Defense
8.2.1 Gas Turbine Engine Expected to Drive the Demand for Ceramic Matrix Composites in Aerospace & Defense
8.3 Automotive
8.3.1 Brake Disk Application is Expected to Drive the Demand for Ceramic Matrix Composites in Automotive
8.4 Energy & Power
8.4.1 Growing Use in Nuclear Plants Fueling Demand for Ceramic Matrix Composites in Energy & Power
8.5 Industrial
8.5.1 Oxide/Oxide Ceramic Matrix Composites Have Wide Applications in Industrial Sector
8.6 Others
8.6.1 Electronics Packaging Systems is the Largest Consumer of Ceramic Matrix Composites in Other End-Use Industries
9 Regional Analysis (Page No. - 65)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US is the Largest Market for Ceramic Matrix Composites in North America
9.2.2 Canada
9.2.2.1 Growing Aerospace & Defense and Industrial Sector is Expected to Drive the Ceramic Matrix Composites Market in Canada
9.3 Europe
9.3.1 France
9.3.1.1 France is the Biggest Market for Ceramic Matrix Composites in Europe
9.3.2 Germany
9.3.2.1 Germany is the Second-Largest Market for Ceramic Matrix Composites in Europe
9.3.3 UK
9.3.3.1 Demand for High-Performance Materials in Luxury and Sports Cars Expected to Drive the Ceramic Matrix Composites Market
9.3.4 Italy
9.3.4.1 Diversified Industrial Base in the Country Driving Demand for Ceramic Matrix Composites in Italy
9.3.5 Austria
9.3.5.1 Austria is One of the Promising Markets for Ceramic Matrix Composites
9.3.6 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 China Accounted for the Second-Largest Share in APAC Ceramic Matrix Composites Market
9.4.2 Japan
9.4.2.1 Increasing Focus of Government on the Use of C/SiC and SiC/SiC for Nuclear Reactors to Positively Impact the Market
9.4.3 South Korea
9.4.3.1 South Korea is A Key Ceramic Matrix Composite Market in APAC
9.4.4 India
9.4.4.1 Expanding Aerospace & Defense Industry Will Boost the Ceramic Matrix Composites Market
9.4.5 Rest of APAC
9.5 Latin America
9.5.1 Brazil
9.5.1.1 Brazil is the Largest Market for Ceramic Matrix Composites in Latin America
9.5.2 Mexico
9.5.2.1 Aerospace is the Largest Consumer of Ceramic Matrix Composites in Mexico
9.5.3 Rest of Latin America
9.6 Middle East & Africa
9.6.1 Israel
9.6.1.1 Highly Advanced Aerospace & Defense Industry Helps Drive Demand for Ceramic Matrix Composites in Israel
9.6.2 Saudi Arabia
9.6.2.1 Demand for Ceramic Matrix Composites in Industrial Applications is Expected to Boost the Market in Saudi Arabia
9.6.3 Rest of Middle East & Africa
10 Competitive Landscape (Page No. - 96)
10.1 Introduction
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
10.2.2 Dynamic Differentiators
10.2.3 Emerging Companies
10.2.4 Innovators
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Market Ranking
10.6 Competitive Scenario
10.6.1 Investment & Expansion
10.6.2 New Product Launch
10.6.3 Partnership
10.6.4 Acquisition
11 Company Profiles (Page No. - 104)
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
11.1 General Electric Company
11.2 Rolls-Royce Plc.
11.3 SGL Carbon
11.4 United Technologies
11.5 COI Ceramics Inc.
11.6 Lancer Systems
11.7 Coorstek Inc.
11.8 Applied Thin Films Inc.
11.9 Ultramet
11.10 CFC Carbon Co., Ltd.
11.11 Other Companies
11.11.1 Starfire Systems Inc.
11.11.2 Graftech International Ltd. (Fiber Materials Inc.)
11.11.3 Pyromeral Systems
11.11.4 Precision Castparts Corp.
11.11.5 Zircar Zirconia, Inc.
11.11.6 United Composites B.V.
11.11.7 Plasan North America
11.11.8 Matech
11.11.9 Touchstone Advanced Composites
11.11.10 Axiom Materials, Inc.
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 122)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details
List of Tables (81 Tables)
Table 1 Trends and Forecast of GDP, 20172024 (USD Billion)
Table 2 Number of New Airplane Deliveries, By Region, 2017
Table 3 Automotive Production, Million Units (20172018)
Table 4 Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 5 Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 6 Oxide/Oxide Ceramic Matrix Composites Market Size, By Region, 20172029 (USD Million)
Table 7 Oxide/Oxide Ceramic Matrix Composite Market Size, By Region, 20172029 (Kiloton)
Table 8 C/SiC Ceramic Matrix Composites Market Size, By Region, 20172029 (USD Million)
Table 9 C/SiC Ceramic Matrix Composite Market Size, By Region, 20172029 (Kiloton)
Table 10 C/C Ceramic Matrix Composites Market Size, By Region, 20172029 (USD Million)
Table 11 C/C Ceramic Matrix Composite Market Size, By Region, 20172029 (Kiloton)
Table 12 SiC/SiC Ceramic Matrix Composites Market Size, By Region, 20172029 (USD Million)
Table 13 SiC/SiC Ceramic Matrix Composite Market Size, By Region, 20172029 (Kiloton)
Table 14 Ceramic Matrix Composites Market Size, By End-Use Industry, 20172029 (USD Million)
Table 15 Ceramic Matrix Composite Market Size, By End-Use Industry, 20172029 (Kiloton)
Table 16 Ceramic Matrix Composites Market Size in Aerospace & Defense, By Region, 20172029 (USD Million)
Table 17 Ceramic Matrix Composite Market Size in Aerospace & Defense, By Region, 20172029 (Kiloton)
Table 18 Ceramic Matrix Composites Market Size in Automotive, By Region, 20172029 (USD Million)
Table 19 Ceramic Matrix Composite Market Size in Automotive, By Region, 20172029 (Kiloton)
Table 20 Ceramic Matrix Composites Market Size in Energy & Power, By Region, 20172029 (USD Million)
Table 21 Ceramic Matrix Composite Market Size in Energy & Power, By Region, 20172029 (Kiloton)
Table 22 Ceramic Matrix Composites Market Size in Industrial, By Region, 20172029 (USD Million)
Table 23 Ceramic Matrix Composite Market Size in Industrial, By Region, 20172029 (Kiloton)
Table 24 Ceramic Matrix Composites Market Size in Other End-Use Industries, By Region, 20172029 (USD Million)
Table 25 Ceramic Matrix Composite Market Size in Other End-Use Industries, By Region, 20172029 (Kiloton)
Table 26 Ceramic Matrix Composites Market Size, By Region, 20172029 (USD Million)
Table 27 Ceramic Matrix Composite Market Size, By Region, 20172029 (Kiloton)
Table 28 North America: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 29 North America: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 30 North America: Market Size, By End-Use Industry, 20172029 (USD Million)
Table 31 North America: Market Size, By End-Use Industry, 20172029 (Kiloton)
Table 32 North America: Market Size, By Country, 20172029 (USD Million)
Table 33 North America: Market Size, By Country, 20172029 (Kiloton)
Table 34 US: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 35 US: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 36 Canada: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 37 Canada: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 38 Europe: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 39 Europe: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 40 Europe: Market Size, By End-Use Industry, 20172029 (USD Million)
Table 41 Europe: Market Size, By End-Use Industry, 20172029 (Kiloton)
Table 42 Europe: Market Size, By Country, 20172029 (USD Million)
Table 43 Europe: Market Size, By Country, 20172029 (Kiloton)
Table 44 France: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 45 France: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 46 Germany: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 47 Germany: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 48 UK: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 49 UK: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 50 Italy: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 51 Italy: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 52 APAC: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 53 APAC: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 54 APAC: Market Size, By End-Use Industry, 20172029 (USD Million)
Table 55 APAC: Market Size, By End-Use Industry, 20172029 (Kiloton)
Table 56 APAC: Market Size, By Country, 20172029 (USD Million)
Table 57 APAC: Market Size, By Country, 20172029 (Kiloton)
Table 58 China: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 59 China: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 60 Japan: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 61 Japan : Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 62 Latin America: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 63 Latin America: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 64 Latin America: Market Size, By End-Use Industry, 20172029 (USD Million)
Table 65 Latin America: Market Size, By End-Use Industry, 20172029 (Kiloton)
Table 66 Latin America: Market Size, By Country, 20172029 (USD Million)
Table 67 Latin America: Market Size, By Country, 20172029 (Kiloton)
Table 68 Brazil: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 69 Brazil: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 70 Middle East & Africa: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 71 Middle East & Africa: Ceramic Matrix Composite Market Size, By Matrix Type, 20172029 (Kiloton)
Table 72 Middle East & Africa: Market Size, By End-Use Industry, 20172029 (USD Million)
Table 73 Middle East & Africa: Market Size, By End-Use Industry, 20172029 (Kiloton)
Table 74 Middle East & Africa: Market Size, By Country, 20172029 (USD Million)
Table 75 Middle East & Africa: Market Size, By Country, 20172029 (Kiloton)
Table 76 Israel: Ceramic Matrix Composites Market Size, By Matrix Type, 20172029 (USD Million)
Table 77 Israel: Ceramic Matrix Composite Market Size, By Matrix Type,20172029 (Kiloton)
Table 78 Investment & Expansion, 20152018
Table 79 New Product Launch, 20152018
Table 80 Partnership, 20152018
Table 81 Acquisition, 20152018
List of Figures (39 Figures)
Figure 1 Ceramic Matrix Composites Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Ceramic Matrix Composites Market: Data Triangulation
Figure 5 Aerospace & Defense Industry to Drive the Ceramic Matrix Composites Market, 20172024
Figure 6 C/SiC to Have Major Share in Overall Ceramic Composites Market, in Terms of Value (20172024)
Figure 7 US to Be Fastest-Growing Ceramic Matrix Composite Market Between 2019 and 2024
Figure 8 North America to Dominate the Ceramic Matrix Composites Market (2018)
Figure 9 Growth Opportunities for Ceramic Matrix Composites Market in Aerospace & Defense Industry
Figure 10 Aerospace & Defense to Be Leading End-Use Industry of Ceramic Matrix Composites
Figure 11 Oxide/Oxide to Be the Dominating Segment in the Overall Ceramic Matrix Composites Market
Figure 12 France to Register Highest CAGR in Ceramic Matrix Composite Market
Figure 13 Factors Governing the Ceramic Matrix Composites Market
Figure 14 Porters Five Forces Analysis: Ceramic Matrix Composites Market
Figure 15 Trends and Forecast of GDP, 20182024 (USD Billion)
Figure 16 New Airplane Deliveries, By Region, 2017
Figure 17 Automotive Production in Key Countries, Million Units (2017 vs. 2018)
Figure 18 C/SiC Matrix Segment to Witness High CAGR During Forecast Period (Value)
Figure 19 North America to Dominate the Oxide/Oxide Ceramic Matrix Composites Market
Figure 20 Aerospace & Defense to Outpace Other End-Use Industries in Consumption of Ceramic Matrix Composites
Figure 21 North America to Drive the Ceramic Matrix Composites Market in Aerospace & Defense
Figure 22 Europe to Drive the Ceramic Matrix Composite Market in Automotive Industry
Figure 23 North America to Drive the Ceramic Matrix Composites Market in Energy & Power Industry
Figure 24 APAC to Be Fastest-Growing Market for Ceramic Matrix Composites in Industrial Sector
Figure 25 France to Witness Highest CAGR in the Ceramic Matrix Composites Market
Figure 26 Ceramic Matrix Composites Market Snapshot: Us is the Most Lucrative Market in North America
Figure 27 Ceramic Matrix Composite Market Snapshot: France is the Most Lucrative Market in Europe
Figure 28 Ceramic Matrix Composites Market Snapshot: Japan is the Most Lucrative Market in APAC
Figure 29 Companies Adopted Investment & Expansion as the Key Growth Strategy Between 2015 and 2018
Figure 30 Ceramic Matrix Composites Market (Global) Competitive Leadership Mapping, 2018
Figure 31 Ranking of Top Five Players in Ceramic Matrix Composites Market
Figure 32 General Electric Company: Company Snapshot
Figure 33 General Electric Company: SWOT Analysis
Figure 34 Rolls-Royce Plc.: Company Snapshot
Figure 35 Rolls-Royce Plc.: SWOT Analysis
Figure 36 SGL Carbon: Company Snapshot
Figure 37 SGL Carbon: SWOT Analysis
Figure 38 United Technologies: Company Snapshot
Figure 39 United Technologies: SWOT Analysis
The study involved four major activities in estimating the current market size for ceramic matrix composites. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of market segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.
Primary Research
The ceramic matrix composites market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of the various industries such as aerospace & defense, automotive, industrial and others. The supply side is characterized by advancements in technology and diverse applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total ceramic matrix composites market size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:
- The key players in the industry and markets were identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, were determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size using the market size estimation process as explained above, the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in aerospace & defense, automotive, energy & power, industrial, and other end-use industries.
Objectives of the Report
- To define, describe, and forecast the market size of ceramic matrix composites, in terms of value and volume
- To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To provide detailed information about the technological advancements influencing the growth of the market
- To forecast the market on the basis of matrix type and end-use industry
- To define, describe, and forecast the market on the basis of five regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and Latin America
- To strategically analyze micro-markets with respect to individual growth trends, prospects, and their contribution to the overall market
- To analyze the opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
- To analyze recent developments such as investment & expansion, new product development, and partnership in the market
- To strategically profile the key players and comprehensively analyze their market share and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of Rest of Europe ceramic matrix composites market
- Further breakdown of Rest of APAC ceramic matrix composites market
- Further breakdown of Rest of Latin America ceramic matrix composites market
- Further breakdown of Rest of MEA ceramic matrix composites market
Company Information
- Detailed analysis and profiling of additional market players (up to five)
- Triangulate with your Own Data
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Growth opportunities and latent adjacency in Ceramic Matrix Composites Market
Technical information on metal matrix composite (MMC) and Ceramic matrix composite (CMC)
Information about the CMC market in North America
General information on ceramic matrix composites Market
Interested in value chain of Ceramic Matrix Composites
Ceramic Matrix Composites (CMC) Market insights by segments
Data requirement for Ceramic matrix composites