Ceramic Matrix Composites Market size was USD 8.80 Billion in 2021 and is expected to register a revenue CAGR of 11.1% during the forecast period. Rising demand for sustainable parts and devices in the automotive industry, growing political instability at country borders, and increasing need for ceramic matrix composites in the automotive industry due to rising demand for lightweight and fuel-efficient vehicles are major factors drive market revenue growth. Ceramic Matrix Composites have wide use in the aerospace sector specifically in gas turbines and structural thermal protection, and energy sector for fusion reactor walls and heat exchangers. In addition, application of CMCs in different sectors requires temporary or permanent joint between surrounding materials and CMC components. Global demand for this material is rising owing to its advantages, such as high-temperature stability, high hardness, lightweight, non-conductive and non-magnetic properties, high thermal shock resistance, high corrosion resistance, and versatility, in providing unique engineering solutions. For instance, in the defense sector, it is important to use lightweight body armor, which can be used using CMC for its flexibility, lightweight, and easy to wear properties, thus is expected to rise demand in the global market.
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Top Lading Players: 3M, Advanced Ceramics Association, CoorsTek Inc., General Electric, KYOCERA Corporation, LANCER SYSTEMS, SGL Carbon, Ultramet, Inc., CFC CARBON CO., LTD., and Axiom Materials, Inc.
Segments covered in the report:
By Matrix Type Outlook:
- Oxide-Oxide (OX/OX)
- Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
- Carbon Reinforced Carbon (C/C)
- Silicon Carbide and Carbon (SIC/C)
By Fiber Type Outlook:
- Continuous
- Woven
- Others
By End-use Industry Outlook:
- Aerospace Defense
- Automotive
- Energy Power
- Industrial
- Others
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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