Global Ceramic Matrix Composites Market Growth 2023-2029

Global Ceramic Matrix Composites Market Growth 2023-2029

Composite materials are comprised of at least two parts: the reinforcement, which provides special mechanical properties such as stiffness or strength, and the matrix material, which holds everything together. Ceramic matrix composites (CMCs) are a special type of composite material in which both the reinforcement (refractory fibers) and matrix material are ceramics. In some cases the same kind of ceramic is used for both parts of the structure, and additional secondary fibers may also be included. Because of this, CMCs are considered a subgroup of both composite materials and ceramics.

Ceramic matrix composites behave much differently from conventional ceramics, and are far different from the high-performance metal alloys that used to be implemented. Like ceramics, they are hard and stable at higher temperatures. But they are also very lightweight (one-third the weight of the nickel superalloys they often replace) and possess significantly greater fracture toughness and thermal shock resistance.

There is an extremely wide range of CMC applications, such as: Heat exchangers, Turbine blades, Stator vanes, High-performance braking systems, Immersion burner tubes, Bulletproof armor, Heating elements,etc. The list of uses is growing quickly, too. CMC components are used in Electrical Engineering, Spaceflight, Aviation, electrical, and electronics industries, just to name a few.

LPI (LP Information)' newest research report, the “Ceramic Matrix Composites Industry Forecast” looks at past sales and reviews total world Ceramic Matrix Composites sales in 2022, providing a comprehensive analysis by region and market sector of projected Ceramic Matrix Composites sales for 2023 through 2029. With Ceramic Matrix Composites sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ceramic Matrix Composites industry.

This Insight Report provides a comprehensive analysis of the global Ceramic Matrix Composites landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ceramic Matrix Composites portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ceramic Matrix Composites market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ceramic Matrix Composites and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ceramic Matrix Composites.

The global Ceramic Matrix Composites market size is projected to grow from US$ 1682 million in 2022 to US$ 3141.8 million in 2029; it is expected to grow at a CAGR of 3141.8 from 2023 to 2029.

GE Aviation, Safran, Rolls-Royce Group and CoorsTek are the top 4 players of Ceramic Matrix Composites, with about 52% market shares.

This report presents a comprehensive overview, market shares, and growth opportunities of Ceramic Matrix Composites market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Oxide

Silicon Carbide

Carbon

Others

Segmentation by application

Aviation

Space

Electrical Engineering

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

GE Aviation

Safran

Rolls-Royce Group

CoorsTek

COI Ceramics

BJS Ceramics GmbH

Composites Horizo​​ns

Ultramet

WPX Faser Keramik

Applied Thin Films

Walter E. C. Pritzkow Spezialkeramik

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ceramic Matrix Composites market?

What factors are driving Ceramic Matrix Composites market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ceramic Matrix Composites market opportunities vary by end market size?

How does Ceramic Matrix Composites break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.