The “Ceramic Matrix Composites Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Ceramic Matrix Composites Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global ceramic matrix composites market size was US$ 6.9 billion in 2021. The global ceramic matrix composites market is forecast to grow to US$ 19.59 billion by 2030 by growing at a compound annual growth rate (CAGR) of 12% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Ceramic matrix composites find wide applications in various industries, such as energy & power, electronics, aerospace & defense, transportation, and others. Thus, the wide applications of the product will benefit the global ceramic matrix composites market during the study period.
Rising demand for lightweight, fuel-efficient, and compatible materials will offer ample growth opportunities for the market. In addition, the benefits of ceramic matrix composites over titanium metal, and other composites are likely to benefit the market in the coming years. Ceramic matrix composites offer exceptional performance even at higher temperatures. Thus, it will benefit the market during the study period.
The growing number of aircraft programs will contribute to the growth of the market. Furthermore, a growing number of regulations by government bodies to use lightweight materials will escalate the growth of the market. The automotive sector is witnessing severe concerns related to the manufacturing of lightweight vehicles. Thus, the demand for lightweight ceramic matrix composites will increase in these industries to comply with government regulations.
High costs of ceramic matrix composites may limit the growth of the market.
COVID-19 Impact Analysis
The COVID-19 pandemic has negatively affected the ceramic matrix composites market, majorly due to the disruptions witnessed by the end-use industries. End-Use industries, including aerospace, automotive, transportation, and electronics, witnessed significant downfall due to the pandemic. As a result, it ultimately hampered the growth of the global ceramic matrix composites market. In addition, the economic slowdown has been a major reason behind the drastic downfall of the industry.
Regional Analysis
North America is forecast to dominate the ceramic matrix composites market in terms of revenue. The growth of the market is attributed to the presence of various ceramic matrix composites manufacturers. In addition, growing investments in R&D and the presence of prominent end-use industries will contribute to the growth of the ceramic matrix composites market during the study period.
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Competitors in the Market
- General Electric (US)
- 3M (US)
- Ultramet (US)
- CeramTec (Germany)
- Ube Industries, Ltd (Japan)
- CoorsTek (US)
- Rolls-Royce (Uk)
- Safran (France)
- Other Prominent Players
Market Segmentation
The global ceramic matrix composites market segmentation focuses on Composite, Category, Production, End-Use, and Region.
Based on the composite type, the ceramic matrix composites market has been segmented into –
- Oxide/Oxide
- Carbon/Silicon Carbide
- Carbon/Carbon
- Silicon Carbide/Silicon Carbide
- Others
Based on the category, the ceramic matrix composites market has been segmented into –
- Short Fiber
- Long Continuous Fiber
- Whiskers
- Others
Based on the production process, the ceramic matrix composites market has been segmented into –
- Powder Dispersion
- Reactive Melt Infiltration
- Polymer Impregnation & Pyrolysis
- Sol-gel
- Others
Based on the end-use industry, the ceramic matrix composites market has been segmented into –
- Energy & Power
- Electronics
- Aerospace & Defense
- Transportation
- Other
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Based on the region, the ceramic matrix composites market has been segmented into –
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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