Global Ceramic Matrix Composites Market Report 2023: Sector to Reach $18.25 Billion by 2028 at a CAGR of 10.73% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Ceramic Matrix Composites Market by Composite Type (Silicon Carbide Reinforced Silicon Carbide, Carbon Reinforced Carbon, Oxide-Oxide, and Others), Fiber Type, Fiber Material (Alumina Fiber, Refractory Ceramic Fiber, SiC Fiber, and Others), Application, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global ceramic matrix composites market size reached US$ 9.90 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 18.25 Billion by 2028, exhibiting a CAGR of 10.73% during 2022-2028.

Companies Mentioned

• 3M Company
• Applied Thin Films Inc.
• Axiom Materials Inc.
• CeramTec GmbH
• COI Ceramics Inc.
• CoorsTek Inc.
• Lancer Systems LP
• SGL Carbon SE
• Specialty Materials Inc. (Global Materials LLC)
• Starfire Systems Inc.
• Ultramet

Significant expansion in the automotive industry, extensive research and development (R&D) activities, and the widespread product utilization in high-speed mechanical components represent some of the key factors driving the market.

Ceramic matrix composites (CMCs) are advanced composite materials made of ceramic fibers embedded in a ceramic matrix structure. Silicon carbide reinforced silicon carbide (SIC/SIC), carbon-reinforced carbon (C/C), and oxide-oxide (Ox/Ox) are some of the commonly used CMCs.

They are widely used in gas turbines, structural re-entry thermal protection, heat exchangers, and fusion reactor walls. As compared to traditional material composites, CMCs are lightweight, can withstand higher temperatures, have high chemical stability, and are resistant to everyday wear and tear.

They also exhibit excellent stiffness, high thermal shock resistance, non-magnetic and non-conductive properties, and mechanical, thermal, dimensional, and chemical stability. As a result, CMCs find extensive applications across the automotive, electrical, electronics, and power generation industries.

Significant expansion in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. CMCs are widely used in automotive applications due to their high tensile strength and tolerance to high temperatures. In line with this, manufacturers are focusing on replacing heavy steel and iron in automobiles with lightweight composite materials, which, in turn, is favoring the market growth.

Moreover, the widespread product adoption in the aerospace sector to create parts for aircraft, including engine nozzles, nose caps, tail cones, fins, rudders, leading edges, body flaps, and panels, is acting as another growth-inducing factor. Apart from this, the development of novel multifunctional CMC with the use of nanoscience and nanotechnology to improve its properties, toughness, and electrical conductivity is providing an impetus to the market growth.

Additionally, the increasing application of CMCs in electronic circuits due to their high thermal conductivity is propelling the market growth. Furthermore, the widespread product adoption in LED, laser diodes, artificial teeth, and fuel cells is positively influencing the market growth.

Besides this, the rising product demand for manufacturing infrared domes, sensor protection, and multi-spectral windows as their excellent impact strength coupled with high hardness makes these composites suitable for producing bullet-proof armor and insulation in small arms weapons platforms, which, in turn, is driving the market growth.

Key Questions Answered in This Report:

• How has the global ceramic matrix composites market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global ceramic matrix composites market?
• What is the impact of each driver, restraint, and opportunity on the global ceramic matrix composites market?
• What are the key regional markets?
• Which countries represent the most attractive ceramic matrix composites market?
• What is the breakup of the market based on the composite type?
• Which is the most attractive composite type in the ceramic matrix composites market?
• What is the breakup of the market based on the fiber type?
• Which is the most attractive fiber type in the ceramic matrix composites market?
• What is the breakup of the market based on the fiber material?
• Which is the most attractive fiber material in the ceramic matrix composites market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the ceramic matrix composites market?
• What is the competitive structure of the global ceramic matrix composites market?
• Who are the key players/companies in the global ceramic matrix composites market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Ceramic Matrix Composites Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Composite Type

6.1 Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)

6.2 Carbon Reinforced Carbon (C/C)

6.3 Oxide-Oxide (Ox/Ox)

6.4 Others

7 Market Breakup by Fiber Type

7.1 Short Fiber

7.2 Continuous Fiber

8 Market Breakup by Fiber Material

8.1 Alumina Fiber

8.2 Refractory Ceramic Fiber (RCF)

8.3 SiC Fiber

8.4 Others

9 Market Breakup by Application

9.1 Aerospace and Defense

9.2 Automotive

9.3 Energy and Power

9.4 Electricals and Electronics

9.5 Others

10 Market Breakup by Region

11 Drivers, Restraints, and Opportunities

11.1 Overview

11.2 Drivers

11.3 Restraints

11.4 Opportunities

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/xssq0u

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.