General Electric Company (US) and Rolls-Royce Plc (United Kingdom) are Leading players in the Ceramic Matrix Composite Market
The ceramic matrix composites market is projected to grow from USD 12.0 billion in 2024 to USD 23.8 billion by 2031, at a CAGR of 10.3% during the forecast period. Ceramic matrix composites are a type of composite material consisting of ceramic fibers embedded in a ceramic matrix. These composites are designed to overcome the properties of traditional materials. Ceramic matrix composites continue to retain their mechanical properties at high and adverse temperatures. They are lighter than metals and alloys that are used in aerospace and automotive applications. These advantages that ceramic matrix composites have over traditional materials allow their applications in various end use industries like Aerospace & defense, Automotive, energy & power, and Industrial end-use industries.
The major players active in the ceramic matrix composite market are based in Asia Pacific, North America and Europe region. General Electric Company (US), Rolls-Royce Plc (United Kingdom), SGL Carbon (Germany), Coorstek Inc. (US), Lancer Systems (US), Axiom Materials (US), Ultramet (US), CFCCarbon Co., Ltd. (China), Spirit Aerosystems, Inc. (US), and COIC (US) are among a few leading players operating in the ceramic matrix composites market market. Major focus was given to the development of new manufacturing processes for ceramic matrix composites market and recent deals due to the changing requirements across the world. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand their presence in the ceramic matrix composites market market further.
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General Electric Company (US)
General Electric Company is a major player in the ceramic matrix composite market, and is headquartered in Boston, Massachusetts, US. It caters to various end use industries, including aerospace, renewable energy, power, and digital technology. The company is widely known for it innovative products and solutions across different sectors.
One of the notable areas where General Electric Company has utilized ceramic matrix composites is in the field of aerospace, specifically in the development of next generation jet engines.
The group has adopted several strategies like collaborations, expansions, and new product launches to garner a strong market presence in the ceramic matrix composite market. These strategies have allowed the company to enjoy a significant market share in the industry.
Rolls- Royce Plc (UK)
Rolls-Royce Plc is one of the key manufacturers and suppliers of ceramic matrix composite market. The company is known to provide highly efficient solutions for the nuclear, aerospace & defense, and power systems. Rolls- Royce Plc’s ceramic matrix composite products are used for applications in aircraft engines and gas turbine engines.
The company has a widespread geographical presence in regions like Europe, North America, Asia Pacific, and Middle East & Africa.
SGL Carbon (Germany)
SGL Carbon is a key player in the ceramic matrix composites market headquartered in Germany. Carbon fiber-based materials and products manufactured by the company are used in various industries such as wind energy, transportation, and aerospace & defense. The company operates through five business units: corporate, graphite solutions, carbon fibers, composite solutions, and process technology. The company offers ceramic matrix composites products through its composite fibers & materials segment.
SGL Carbon has a well-established market presence in Europe. The group also supplies its products in US, Asia Pacific, Europe, and Rest of the World.
Related Reports:
Ceramic Matrix Composite Market by Matrix Type (C/C, C/Sic, Oxide/Oxide, Sic/Sic), Fiber Type (Continuous, Woven), End-Use Industry (Aerospace & Defense, Automotive, Energy & Power, Industrial), and Region - Global Forecast to 2031
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