Dublin, May 22, 2019 (GLOBE NEWSWIRE) -- The "Ceramic Matrix Composites Market by Matrix Type (Oxide/Oxide, C/SiC, C/C, SiC/SiC), End-Use Industry (Aerospace & Defense, Automotive, Energy & Power, Industrial), Region (North America, Europe, APAC, Middle East & Africa,) - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The market size for ceramic matrix composites was USD 8,680.0 million in 2018 and is projected to register a CAGR of 9.2% between 2019 and 2024.
Ceramic matrix composites are a subgroup of composite materials which consist of ceramic fibers along with fillers embedded in a ceramic matrix. The basic reinforcements which are used in the ceramic matrices are oxides and non-oxides. The main function of the matrix is to keep the reinforcing phase in the desired orientation, act as a load transfer media, and protect the reinforcement from the environment. The aim of the fibers is to provide toughness to the matrix.
Filler materials are also sometimes added to the matrix materials during the processing of ceramic matrix composites to enhance properties such as electrical conductivity, thermal conductivity, thermal expansion, and hardness. Ceramic matrix composites can be used at very high temperatures owing to their superior performance properties over traditional ceramics, metals, and alloys. Their properties also include low fracture toughness, brittleness, and thermal shock resistance.
The high growth of ceramic matrix composites can be attributed to the substantial demand from commercial aircraft and sports & luxury cars. Environmental regulations imposed by the Corporate Average Fuel Efficiency (CAF) and the European Union Automotive Fuel Economic Policy (UNEP) in North America and Europe, respectively, have supported the growth of the ceramic matrix composites market significantly.
North America accounted for the largest share of the global ceramic matrix composites market in 2018. This is attributed to the increased use of ceramic matrix composites in aerospace & defense applications and capacity expansion by renowned ceramic matrix composites players.
Some of the key players in the ceramic matrix composites market are
- General Electric Company (US)
- Rolls-Royce (UK)
- SGL Carbon (Germany)
- United Technologies (US)
- COI Ceramics (US)
- Lancer Systems (US)
- CoorsTek (US)
- Applied Thin Films (US)
- Ultramet (US)
- CFC Carbon (China)
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Ceramic Matrix Composites Market
4.2 Ceramic Matrix Composites Market, By End-Use Industry
4.3 Ceramic Matrix Composites Market, By Matrix Type
4.4 Ceramic Matrix Composites Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need to Reduce Weight to Optimize Efficiency of Automobiles
5.2.1.2 Growing Demand for Ceramic Matrix Composites in Aerospace & Defense and Energy & Power Industries
5.2.2 Restraints
5.2.2.1 Higher Costs Compared to Other Metals and Alloys
5.2.2.2 High Customization Requirement for End-Use Applications
5.2.3 Opportunities
5.2.3.1 Incorporation of Low-Cost Production Technologies
5.2.3.2 Standardization of Ceramic Matrix Composites Production
5.2.4 Challenges
5.2.4.1 Issues Related to Reparability and Recyclability
5.2.4.2 Slower Adoption in Newer Applications Such as Energy & Power
5.3 Porter's Five Forces Analysis
6 Macroeconomic Overview and Key Trends
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends in Aerospace Industry
6.4 Trends in the Automotive Industry
7 Ceramic Matrix Composites Market, By Matrix Type
7.1 Introduction
7.2 Oxide/Oxide Ceramic Matrix Composites
7.2.1 Oxide/Oxide Segment has the Largest Share in Overall Market Due to Demand for Lower-Priced and High Thermal Stability Materials
7.3 C/SiC Ceramic Matrix Composites
7.3.1 C/SiC Ceramic Matrix Composites Market is Driven By High Demand From Aerospace and Luxury & Sports Cars Industries
7.4 C/C Ceramic Matrix Composites
7.4.1 North America Leads the C/C Composites Market Owing to High Demand From Aerospace & Defense Industry
7.5 SiC/SiC Ceramic Matrix Composites
7.5.1 SiC/SiC Matrix has Significant Demand in High-Temperature Applications of Engine Components, Gas Turbines, and Heat Exchangers
8 Ceramic Matrix Composites Market, By End-Use Industry
8.1 Introduction
8.2 Aerospace & Defense
8.2.1 Gas Turbine Engine Expected to Drive the Demand for Ceramic Matrix Composites in Aerospace & Defense
8.3 Automotive
8.3.1 Brake Disk Application is Expected to Drive the Demand for Ceramic Matrix Composites in Automotive
8.4 Energy & Power
8.4.1 Growing Use in Nuclear Plants Fueling Demand for Ceramic Matrix Composites in Energy & Power
8.5 Industrial
8.5.1 Oxide/Oxide Ceramic Matrix Composites Have Wide Applications in Industrial Sector
8.6 Others
8.6.1 Electronics Packaging Systems is the Largest Consumer of Ceramic Matrix Composites in Other End-Use Industries
9 Regional Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US is the Largest Market for Ceramic Matrix Composites in North America
9.2.2 Canada
9.2.2.1 Growing Aerospace & Defense and Industrial Sector is Expected to Drive the Ceramic Matrix Composites Market in Canada
9.3 Europe
9.3.1 France
9.3.1.1 France is the Biggest Market for Ceramic Matrix Composites in Europe
9.3.2 Germany
9.3.2.1 Germany is the Second-Largest Market for Ceramic Matrix Composites in Europe
9.3.3 UK
9.3.3.1 Demand for High-Performance Materials in Luxury and Sports Cars Expected to Drive the Ceramic Matrix Composites Market
9.3.4 Italy
9.3.4.1 Diversified Industrial Base in the Country Driving Demand for Ceramic Matrix Composites in Italy
9.3.5 Austria
9.3.5.1 Austria is One of the Promising Markets for Ceramic Matrix Composites
9.3.6 Rest of Europe
9.4 APAC
9.4.1 China
9.4.1.1 China Accounted for the Second-Largest Share in APAC Ceramic Matrix Composites Market
9.4.2 Japan
9.4.2.1 Increasing Focus of Government on the Use of C/SiC and SiC/SiC for Nuclear Reactors to Positively Impact the Market
9.4.3 South Korea
9.4.3.1 South Korea is A Key Ceramic Matrix Composites Market in APAC
9.4.4 India
9.4.4.1 Expanding Aerospace & Defense Industry Will Boost the Ceramic Matrix Composites Market
9.4.5 Rest of APAC
9.5 Latin America
9.5.1 Brazil
9.5.1.1 Brazil is the Largest Market for Ceramic Matrix Composites in Latin America
9.5.2 Mexico
9.5.2.1 Aerospace is the Largest Consumer of Ceramic Matrix Composites in Mexico
9.5.3 Rest of Latin America
9.6 Middle East & Africa
9.6.1 Israel
9.6.1.1 Highly Advanced Aerospace & Defense Industry Helps Drive Demand for Ceramic Matrix Composites in Israel
9.6.2 Saudi Arabia
9.6.2.1 Demand for Ceramic Matrix Composites in Industrial Applications is Expected to Boost the Market in Saudi Arabia
9.6.3 Rest of Middle East & Africa
10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Market Ranking
10.6 Competitive Scenario
11 Company Profiles
11.1 General Electric Company
11.2 Rolls-Royce Plc.
11.3 SGL Carbon
11.4 United Technologies
11.5 COI Ceramics Inc.
11.6 Lancer Systems
11.7 Coorstek Inc.
11.8 Applied Thin Films Inc.
11.9 Ultramet
11.10 CFC Carbon Co., Ltd.
11.11 Other Companies
11.11.1 Starfire Systems Inc.
11.11.2 Graftech International Ltd. (Fiber Materials Inc.)
11.11.3 Pyromeral Systems
11.11.4 Precision Castparts Corp.
11.11.5 Zircar Zirconia, Inc.
11.11.6 United Composites B.V.
11.11.7 Plasan North America
11.11.8 Matech
11.11.9 Touchstone Advanced Composites
11.11.10 Axiom Materials, Inc.
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