Ceramic Matrix Composites Market by Matrix Type (Oxide/Oxide, SiC/SiC, Carbon/Carbon), Application (Aerospace & Defense, Automotive, Energy & Power, Electrical & Electronics), and Region - Global Forecast to 2026

The ceramic matrix composites market is projected to reach USD 7.51 Billion in 2026, at a CAGR of 9.65%. The use of ceramic matrix composites is becoming crucial in the aerospace & defense application due their excellent performance properties at high temperature. The ceramic matrix composites manufacturers are establishing new manufacturing facilities to meet the high demand for aero-engine and automotive applications.In this study, the years considered to estimate the market size of ceramic matrix composites are:

• Base Year – 2015
• Estimated Year – 2016
• Projected Year –  2026
• Forecast Period – 2016 to 2026

2015 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

• To define, describe, and forecast the ceramic matrix composites market, in terms of value and volume
• To identify and measure the ceramic matrix composites market by matrix type, application, and region
• To analyze the significant region-specific market trends in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA) and country-specific trends in the major countries such as the U.S., Germany, France, the U.K., China, Japan, and others
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and burning issues)
• To analyze recent market developments such as investments & expansions, new product launches, agreements/partnerships/joint ventures, and acquisitions in the ceramic matrix composites market
• To strategically profile and analyze the key market players and their core competencies

Various secondary sources such as such as Factiva, Hoovers, Manta, and others have been used to understand and gain insights into the global ceramic matrix composites market. Experts from top ceramic matrix manufacturing composites companies have been interviewed to verify and collect critical information and to assess the trends in the global ceramic matrix composites market during the forecast period. The top-down, bottom up, and data triangulation approaches have been implemented to calculate the exact values of the overall parent market and individual submarket sizes.

To know about the assumptions considered for the study, download the pdf brochure

The market for ceramic matrix composites has a diversified ecosystem including the downstream stakeholders such as manufacturers, vendors, and end users. Some of the major ceramic matrix composite suppliers are General Electric Company (U.S.), Rolls-Royce Plc. (U.S.), SGL Group (Germany), COI Ceramics (U.S.), United Technologies (U.S.), CeramTec (Germany), Lancer Systems (U.S.), CoorsTek (U.S.), Applied Thin Films (U.S.), Ultramet (U.S.), and others. This study focuses on various types of ceramic matrix composites that are used by end users such as aerospace & defense, automotive, energy & power, and electrical & electronics. Some of the major end users of ceramic matrix composites are the aircraft manufactures Boeing Company (U.S.) and Airbus S.A.S (France).

Target audience

• Ceramic Matrix Composites Manufacturers
• Raw Material Suppliers
• Distributors & Suppliers
• Industry Associations

“The study answers several questions for the stakeholders, primarily which market segments they should focus upon during the next two to five years to prioritize their efforts and investments.”

Scope of the Report:

This research report categorizes the global market of ceramic matrix composites based on matrix type, application, and region. It forecasts revenue growth and gives an analysis of trends in each of the submarkets till 2026.

On the basis of Matrix Type:

• Oxide/Oxide
• SiC/SiC
• Carbon/Carbon
• Others

On the basis of Application Type:

• Aerospace & Defense
• Automotive
• Energy & Power
• Electrical & Electronics
• Others

On the basis of Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies. 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 the North American ceramic matrix composites market
• Further breakdown of the European ceramic matrix composites market
• Further breakdown of the Asia-Pacific ceramic matrix composites market
• Further breakdown of the Latin American ceramic matrix composites market
• Further breakdown of the Middle East & African ceramic matrix composites market

Company Information

• Detailed analysis and profiles of additional market players

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 Years Considered in the Report
    1.4 Currency
    1.5 Package Size
    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
           2.3.1 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Ceramic Matrix Composites Market Size, By Value
    4.2 Ceramic Matrix Composite Market, By Matrix Type
    4.3 Ceramic Matrix Composites Market, By Region
    4.4 Ceramic Matrix Composite Market Growth, By Country
    4.5 Application Growth Matrix

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Ceramic Matrix Composites Market, By Matrix Type
           5.2.2 Ceramic Matrix Composite Market, By Application
           5.2.3 Ceramic Matrix Composites Market, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Need to Reduce Weight to Optimize Efficiency in Automotive Applications
                    5.3.1.2 Growing Demand for Ceramic Matrix Composites in the Aerospace & Defense and Energy & Power Industries
                    5.3.1.3 Excellent Performance Properties at Very High Temperatures
           5.3.2 Restraints
                    5.3.2.1 Higher Costs Compared to Other Metals and Alloys
                    5.3.2.2 High Customization Requirement for End-Use Applications
           5.3.3 Opportunities
                    5.3.3.1 Incorporation of Low-Cost Production Technologies
                    5.3.3.2 Standardization of Ceramic Matrix Composites Production
                    5.3.3.3 Increasing R&D Activities and Mass Production of Ceramic Fibers
           5.3.4 Challenges
                    5.3.4.1 Concerns About Reparability and Recyclability
                    5.3.4.2 Slower Adoption in Newer Applications Such as Energy & Power
           5.3.5 Impact Analysis of Drivers
    5.4 Porter’s Five Forces Analysis
           5.4.1 Bargaining Power of Suppliers
           5.4.2 Bargaining Power of Buyers
           5.4.3 Threat of Substitutes
           5.4.4 Threat of New Entrants
           5.4.5 Intensity of Competitive Rivalry

6 Macroeconomic Overview and Key Trends (Page No. - 47)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP vs Per Capita Ceramic Matrix Composites Demand
    6.4 Trends of the Aerospace Industry
    6.5 Air Traffic Trends in the Aerospace Industry
    6.6 Trends of Automotive Industry

7 Ceramic Matrix Composites Market, By Matrix Type (Page No. - 54)
    7.1 Introduction
    7.2 C/C Ceramic Matrix Composites
    7.3 C/SIC Ceramic Matrix Composites
    7.4 Oxide/Oxide Ceramic Matrix Composites
    7.5 SIC/SIC Ceramic Matrix Composites

8 Ceramic Matrix Composites Market, By Application (Page No. - 62)
    8.1 Introduction
    8.2 Aerospace & Defense
           8.2.1 Gas Turbine Engine
           8.2.2 Nozzle
           8.2.3 Nose Cap
    8.3 Automotive
           8.3.1 Brake Discs
           8.3.2 Engines
    8.4 Energy & Power
           8.4.1 Next Generation Nuclear Reactors
           8.4.2 Heat Exchangers
    8.5 Electricals & Electronics
           8.5.1 Electronics Packaging Systems
    8.6 Others
           8.6.1 Industrial
           8.6.2 Marine
           8.6.3 Biomedical

9 Regional Analysis (Page No. - 73)
    9.1 Introduction
    9.2 North America
           9.2.1 Ceramic Matrix Composites Market Size in North America, By Matrix Type
           9.2.2 Ceramic Matrix Composite Market Size in North America, By Application
           9.2.3 Ceramic Matrix Composites Market Size in North America, By Country
                    9.2.3.1 Canada
                               9.2.3.1.1 By Market Size in Canada,  By Matrix Type
                    9.2.3.2 U.S.
                               9.2.3.2.1 By Market Size in the U.S.,  By Matrix Type
    9.3 Europe
           9.3.1 Ceramic Matrix Composites Market Size in Europe,  By Matrix Type
           9.3.2 By Market Size in Europe,  By Application
           9.3.3 By Market Size in Europe,  By Country
                    9.3.3.1 France
                               9.3.3.1.1 By Market Size in France,  By Matrix Type
                    9.3.3.2 Germany
                               9.3.3.2.1 By Market Size in Germany,  By Matrix Type
                    9.3.3.3 U.K.
                               9.3.3.3.1 By Market Size in the U.K.,  By Matrix Type
                    9.3.3.4 Italy
                               9.3.3.4.1 By Market Size in Italy,  By Matrix Type
                    9.3.3.5 Austria
                    9.3.3.6 Rest of Europe
    9.4 Asia-Pacific
           9.4.1 Ceramic Matrix Composites Market Size in Asia-Pacific,  By Matrix Type
           9.4.2 By Market Size in Asia-Pacific,  By Application
           9.4.3 By Market Size in Asia-Pacific,  By Country
                    9.4.3.1 China
                               9.4.3.1.1 By Market Size in China,  By Matrix Type
                    9.4.3.2 Japan
                               9.4.3.2.1 By Market Size in Japan,  By Matrix Type
                    9.4.3.3 Malaysia
                    9.4.3.4 Singapore
                    9.4.3.5 Rest of Asia-Pacific
    9.5 Latin America
           9.5.1 Ceramic Matrix Composites Market Size in Latin America,  By Matrix Type
           9.5.2 By Market Size in Latin America,  By Application
           9.5.3 By Market Size in Latin America,  By Country
                    9.5.3.1 Brazil
                               9.5.3.1.1 Ceramic Matrix Composites Market Size in Brazil,  By Matrix Type
                    9.5.3.2 Mexico
                    9.5.3.3 Rest of Latin America
    9.6 Middle East & Africa
           9.6.1 Ceramic Matrix Composites Market Size in Middle East & Africa, By Matrix Type
           9.6.2 By Market Size in Middle East & Africa, By Application
           9.6.3 By Market Size in Middle East & Africa, By Country
                    9.6.3.1 Israel
                               9.6.3.1.1 Ceramic Matrix Composites Market Size in Israel,  By Matrix Type
                               9.6.3.1.2 Ceramic Matrix Composites Market Size in Israel,  By Application
                    9.6.3.2 Saudi Arabia
                    9.6.3.3 Rest of Middle East & Africa

10 Competitive Landscape (Page No. - 107)
     10.1 Introduction
     10.2 Competitive Situations and Trends
             10.2.1 Growth Strategies in the Ceramic Matrix Composites Market, 2012–2016
             10.2.2 Developments in the Ceramic Matrix Composites Market, 2012–2016
                        10.2.2.1 Maximum Developments in 2012 and 2013
             10.2.3 Market Share Analysis
             10.2.4 New Product Launches
             10.2.5 Agreements/Partnerships/Joint Ventures
             10.2.6 Investments & Expansions
             10.2.7 Acquisitions

11 Company Profiles (Page No. - 114)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 General Electric Company
     11.2 Rolls-Royce PLC.
     11.3 COI Ceramics Inc.
     11.4 SGL Group
     11.5 United Technologies
     11.6 Ceramtec
     11.7 Lancer Systems
     11.8 Coorstek Inc.
     11.9 Applied Thin Films, Inc.
     11.10 Ultramet
     11.11 Composites Horizons
     11.12 Starfire Systems Inc.
     11.13 Graftech International Ltd. (Fiber Materials Inc.)
     11.14 Pyromeral Systems

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 133)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details

List of Tables (84 Tables)

Table 1 Global Ceramic Matrix Composites Market Size, 2014–2026  (USD Million and Kiloton)
Table 2 Trends and Forecast of GDP, 2015–2021 (USD Billion)
Table 3 Per Capita GDP vs Per Capita Composite Materials Demand, 2015
Table 4 Number of New Airplane Deliveries, By Region, 2015-2035
Table 5 Air Traffic Trends in the Aerospace Industry, By Region, 2011–2015, (Revenue Passenger Kilometers)
Table 6 Automotive Production, By Region/Country, 2011–2015 (Million Units)
Table 7 By Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 8 By Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 9 C/C Ceramic Matrix Composites Market Size, By Region, 2014–2026 (USD Million)
Table 10 C/C Ceramic Matrix Composite Market Size, By Region, 2014–2026 (Kiloton)
Table 11 C/SIC Ceramic Matrix Ceramic Matrix Composites Market Size, By Region, 2014–2026 (USD Million)
Table 12 C/SIC Ceramic Matrix Ceramic Matrix Composite Market Size, By Region, 2014–2026 (Kiloton)
Table 13 Oxide/Oxide Ceramic Matrix Composites Market Size, By Region, 2014–2026 (USD Million)
Table 14 Oxide/Oxide Ceramic Matrix Composite Market Size, By Region, 2014–2026 (Kiloton)
Table 15 SIC/SIC Ceramic Matrix Composites Market Size, By Region, 2014–2026 (USD Million)
Table 16 SIC/SIC Ceramic Matrix Composite Market Size, By Region, 2014–2026 (Kiloton)
Table 17 By Market Size, By Application, 2014–2026 (USD Million)
Table 18 By Market Size, By Application, 2014–2026 (Kiloton)
Table 19 By Market Size in Aerospace & Defense Application, By Region, 2014–2026 (USD Million)
Table 20 By Market Size in Aerospace & Defense Application, By Region, 2014–2026 (Kiloton)
Table 21 By Market Size in Automotive Application, By Region, 2014–2026 (USD Million)
Table 22 By Market Size in Automotive Application, By Region, 2014–2026 (Kiloton)
Table 23 By Market Size in Energy & Power Application,  By Region, 2014–2026 (USD Million)
Table 24 By Market Size in Energy & Power Application,  By Region, 2014–2026 (Kiloton)
Table 25 By Market Size in Electricals & Electronics Application, By Region, 2014–2026 (USD Million)
Table 26 By Market Size in Electricals & Electronics Application, By Region, 2014–2026 (Kiloton)
Table 27 By Market Size in Other Applications, By Region, 2014–2026 (USD Million)
Table 28 By Market Size in Other Application, By Regions, 2014–2026 (Kiloton)
Table 29 By Market Size, By Region, 2014–2026 (USD Million)
Table 30 By Market Size, By Region, 2014–2026 (Kiloton)
Table 31 North America: Market Size, By Matrix Type,  2014–2026 (USD Million)
Table 32 North America: Market Size, By Matrix Type,  2014–2026 (Kiloton)
Table 33 North America: Market Size, By Application,  2014–2026 (USD Million)
Table 34 North America: Market Size, By Application,  2014–2026 (Kiloton)
Table 35 North America: Market Size, By Country,  2014–2026 (USD Million)
Table 36 North America: Ceramic Matrix Composite Market Size, By Country,  2014–2026 (Kiloton)
Table 37 Canada: Ceramic Matrix Composites Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 38 Canada: sites Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 39 U.S.: Ceramic Matrix Composites Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 40 U.S.: Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 41 Europe: Ceramic Matrix Composites Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 42 Europe: Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 43 Europe: Market Size, By Application, 2014–2026 (USD Million)
Table 44 Europe: Market Size, By Application, 2014–2026 (Kiloton)
Table 45 Europe: Market Size, By Country, 2014–2026 (USD Million)
Table 46 Europe: Ceramic Matrix Composite Market Size, By Country, 2014–2026 (Kiloton)
Table 47 France: Ceramic Matrix Composites Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 48 France: Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 49 Germany: Ceramic Matrix Composites Market Size, By Matrix Type,  2014–2026 (USD Million)
Table 50 Germany: Market Size, By Matrix Type,  2014–2026 (Kiloton)
Table 51 U.K.: Ceramic Matrix Composites Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 52 U.K.: Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 53 Italy: Ceramic Matrix Composites Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 54 Italy: Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 55 Asia-Pacific: Ceramic Matrix Composites Market Size, By Matrix Type,  2014–2026 (USD Million)
Table 56 Asia-Pacific: Market Size, By Matrix Type,  2014–2026 (Kiloton)
Table 57 Asia-Pacific: Market Size, By Application,  2014–2026 (USD Million)
Table 58 Asia-Pacific: Market Size, By Application,  2014–2026 (Kiloton)
Table 59 Asia-Pacific: Market Size, By Country, 2014–2026 (USD Million)
Table 60 Asia-Pacific: Ceramic Matrix Composite Market Size, By Country, 2014–2026 (Kiloton)
Table 61 China: Ceramic Matrix Composites Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 62 China: Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 63 Japan: Ceramic Matrix Composites Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 64 Japan : Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 65 Latin America:Market Size, By Matrix Type,  2014–2026 (USD Million)
Table 66 Latin America: Market Size, By Matrix Type,  2014–2026 (Kiloton)
Table 67 Latin America: Market Size, By Application,  2014–2026 (USD Million)
Table 68 Latin America: Market Size, By Application,  2014–2026 (Kiloton)
Table 69 Latin America: Market Size, By Country,  2014–2026 (USD Million)
Table 70 Latin America: Market Size, By Country, 2014–2026 (Kiloton)
Table 71 Brazil: Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 72 Brazil: Market Size, By Matrix Type,  2014–2026 (Kiloton)
Table 73 Middle East & Africa: Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 74 Middle East & Africa: Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 75 Middle East & Africa: Market Size, By Application, 2014–2026 (USD Million)
Table 76 Middle East & Africa: Market Size,  By Application, 2014–2026 (Kiloton)
Table 77 Middle East & Africa: Market Size, By Country, 2014–2026 (USD Million)
Table 78 Middle East & Africa: Market Size, By Country, 2014–2026 (Kiloton)
Table 79 Israel: Ceramic Matrix Composites Market Size, By Matrix Type, 2014–2026 (USD Million)
Table 80 Israel: Market Size, By Matrix Type, 2014–2026 (Kiloton)
Table 81 New Product Launches, 2012–2016
Table 82 Agreements/Partnerships/Joint Ventures, 2012–2016
Table 83 Investments & Expansions, 2012–2016
Table 84 Acquisitions, 2012–2016

List of Figures (44 Figures)

Figure 1 Ceramic Matrix Composites Market Segmentation
Figure 2 Ceramic Matrix Composite Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Carbon/Carbon to Drive the Ceramic Matrix Composites Market, By Volume
Figure 7 Aerospace & Defense Application to Dominate the Ceramic Matrix Composite Market
Figure 8 Europe to Dominate the Ceramic Matrix Composites Market for Automotive Application
Figure 9 North America to Be the Largest and Fastest-Growing Ceramic Matrix Composite Market
Figure 10 Attractive Opportunities in the Ceramic Matrix Composites Market
Figure 11 SIC/SIC to Drive the Ceramic Matrix Composites Market, By Value
Figure 12 North America Accounted for the Largest Share in the Ceramic Matrix Composite Market in 2015
Figure 13 Canada to Be the Fastest-Growing Ceramic Matrix Composites Market
Figure 14 Aerospace & Defense to Have A Long-Term Impact on the Ceramic Matrix Composite Market
Figure 15 Factors Governing the Ceramic Matrix Composites Market
Figure 16 Increase in the Use of Composites in Various Applications is Driving the Ceramic Matrix Composite Market
Figure 17 Porter’s Five Forces Analysis: Ceramic Matrix Composite Market
Figure 18 Trends and Forecast of GDP, 2016–2021 (USD Billion)
Figure 19 Per Capita GDP vs Per Capita Composite Materials Demand
Figure 20 New Airplane Deliveries, By Region, 2015–2035
Figure 21 Air Traffic Trends, By Region, 2011–2015
Figure 22 Automotive Production in Key Countries, 2011 vs 2015 (Million Unit)
Figure 23 SIC/SIC Matrix Type to Dominate the Ceramic Matrix Composites Market, By Value
Figure 24 Europe to Dominate the C/SIC Ceramic Matrix Composite Market
Figure 25 Aerospace & Defense to Outpace Other Applications of Ceramic Matrix Composite
Figure 26 North America to Drive the Ceramic Matrix Composites Market in the Aerospace & Defense Application
Figure 27 Europe to Drive the Ceramic Matrix Composite Market in the Automotive Application
Figure 28 France to Witness the Highest CAGR in the Ceramic Matrix Composites Market
Figure 29 Ceramic Matrix Composites Market Snapshot: the U.S. is the Most Lucrative Market in North America
Figure 30 Ceramic Matrix Composite Market Snapshot: France is the Most Lucrative Market in Europe
Figure 31 Ceramic Matrix Composites Market Snapshot: China is the Most Lucrative Market in Asia-Pacific
Figure 32 Companies Adopted Investments & Expansions, Acquisitions, and Agreements/Partnerships/Joint Ventures as the Key Growth Strategies Between 2012 and 2016
Figure 33 Investments and Expansions: Most Preferred Strategy Between 2012 and 2016
Figure 34 Number of Strategies Adopted By Key Players Between 2012 and 2016
Figure 35 Market Share Analysis of Five Major Players Operating in the Ceramic Matrix Composites Market, 2015
Figure 36 General Electric Company: Company Snapshot
Figure 37 General Electric Company: SWOT Analysis
Figure 38 Rolls-Royce PLC.: Company Snapshot
Figure 39 Rolls-Royce PLC.: SWOT Analysis
Figure 40 SGL Group: Company Snapshot
Figure 41 SGL Group: SWOT Analysis
Figure 42 United Technologies: Company Snapshot
Figure 43 SWOT Analysis
Figure 44 Ceramtec: Company Snapshot

The global ceramic matrix composites market is projected to reach USD 7.51 Billion by 2026, at a CAGR of 9.65%, from 2016 to 2026. The increasing demand for high strength, lightweight, and fuel efficient materials and the high worldwide growth in the aerospace & defense industry are the key factors responsible for the growth of the global ceramic matrix composites market.

The global ceramic matrix composite market is segmented by matrix type, application, and region. The ceramic matrix composites market, by matrix type is further segmented into carbon/carbon (C/C), carbon/silicon carbide (C/SiC), oxide/oxide, and silicon carbide/ silicon carbide (SiC/SiC). C/C ceramic matrix composites segment had the largest market share in terms of volume owing to the high demand from aerospace & defense and automotive applications.

Ceramic matrix composites are used in structural components of aircraft which include gas turbine engines, nose cap, exhaust nozzle, braking systems, thermal barriers, missile propulsion systems, and engine components. The penetration of ceramic matrix composites is increasing in various applications such as energy & power, electricals & electronics, marine, and industrial applications. There is a high demand for C/C ceramic matrix composites in braking systems of aircraft and luxury cars due to low weight, high friction, fracture toughness, and temperature resisting properties. Aerospace & defense is the largest application segment while energy & power is the fastest-growing application segment of the ceramic matrix composite market.

North America is expected to be the fastest-growing market for ceramic matrix composites from 2016 to 2026. The North American region comprises the U.S. and Canada. The growth of the ceramic matrix composites market in this region is driven mainly by growing the aerospace & defense industry owing to low interest rates, presence of established players, and stringent environmental regulations emphasizing on the use of lightweight and fuel-efficient materials. The major ceramic matrix composites manufacturers in this region have adopted acquisitions and investments & expansions as major strategies to increase their market share. For instance, Rolls-Royce Plc. had acquired Hyper-Therm in May 2013, which helped to extend its product portfolio of ceramic matrix composites.

The global ceramic matrix composites market size is growing rapidly in terms of value. However, issues related to higher costs of matrix generation by expensive batch processes at high temperature compared to other metals and alloys and high customization requirements for end-use applications are the major restraints for this market.

Companies such as General Electric Company (U.S.), Rolls-Royce Plc. (U.S.), SGL group (Germany), CeramTec (Germany), and Lancer Systems (U.S.) are the leading players in the global ceramic matrix composites market. They have been adopting various organic and inorganic growth strategies such as agreements/partnerships/joint ventures, new product launches, investments & expansions, and acquisitions to enhance their shares in the global ceramic matrix composite market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst