By 2030, the global ceramic matrix composites market is expected to be worth USD 8.94 Billion, registering a CAGR of 12.9%. (2023-2030)

Pune, India, Dec 2022, MRFR Press Release/Market Research Future has published a Cooked Research Report on the Global Ceramic matrix composites Market.

Ceramic fibers are placed in a ceramic matrix to create ceramic matrix composites (CMCs), a type of ceramic fiber-reinforced material that drives ceramic matrix composites market trends. Composite materials comprise at least two components: the matrix material, which binds everything together, and the reinforcement, which offers unique mechanical properties like stiffness or strength. CMCs are a specific composite material in which the matrix material (ceramic) and reinforcement (refractory fibers) are both ceramic.

These composites are intended to increase the toughness of traditional ceramics, whose primary drawback is brittleness. Ceramic matrix composites properties like outstanding wear resistance, low weight, and chemical stability are used in various Ceramic Matrix Composites Applications.
 
Ceramic matrix composites are frequently employed in the aerospace sector while making aircraft parts, including gas turbine engines, engine nozzles, tail cones, nose caps, rudders, fins, leading edges, body flaps, and panels, excellent wear, and corrosion resistance in a variety of conditions and temperatures, high strength to weight ratio, high strength retention at high temperatures, high chemical stability, hardness, and lightweight are just a few of the benefits of employing CMCs. Therefore, the expansion of the aerospace sector is anticipated to boost demand for CMCs and rapidly increase the ceramic matrix composites market share globally throughout the course of the forecast year.
 
One of the ceramic matrix composites market trends is the increasing use of ceramic matrix composites in the oil & gas industry.

Regional Analysis 

The greatest market share was held by North America, which is also expected to register a robust CAGR in the years to come. This growth rate can be ascribed to the region's booming electrical & electronics, energy & power, automotive, aerospace, and other significant end-use industries. The US is the world's most powerful military force and the biggest purchaser of CMCs. Further expected to drive demand for CMCs in the energy & power sector is the US Department of Energy's investigation of CMC cladding for fuel rods in light-water nuclear reactors. Due to the rapid industrialization and urbanization in developing nations like India, China, Thailand, and Malaysia, the Asia-Pacific area is predicted to have the second-fastest rate of growth in the world after North America.
 
During the projected period, expanding important end-use sectors like aerospace, automotive, electrical & electronics, and energy & power will likely increase demand for CMCs. The Middle East & Africa will also have a significant ceramic matrix composites market share. Due to the growing infrastructure and development activity in GCC countries, the regional market is expected to expand considerably in the future.

Market Segmentation
 
According to the Ceramic Matrix Composites Market Forecast, the types of ceramic matrix composites are Silicon Carbide/Silicon Carbide (SiC/SiC), Carbon/Silicon Carbide (C/SiC), Carbon/Carbon (C/C) and Oxide/Oxide (O/O).
By Category, the market is divided into Long (Continuous) Fibers, Short Fibers, and Whiskers categories.
By Production Process, the market accounts for Reactive Melt Infiltration (RMI) Process, Gaseous Infiltration/Chemical Vapor Infiltration (CVI) Process, Powder Dispersion, Polymer Impregnation & Pyrolysis (PIP) Process, and Sol-Gel Production Process.
While the end users of this market are Aerospace, Automotive, Energy & Power, Industrial, and Electrical, along with the Electronics sector.
 
Key Players
 
The vendors highly involved in the market are:

• 3M (US)


• Applied Thin Films Inc (US)


• DACC Carbon (South Korea)


• CeramTec (Germany)


• CoorsTek Inc (US)


• Ube Industries Ltd (Japan)


• Safran (France)


• General Electric (US)


• KYOCERA Corporation (Japan)


• Rolls-Royce plc (UK)


• Ultramet (US)


• Lancer Systems (US)


• Schunk GmbH (Germany)


• Axiom Materials (US)


• SGL Carbon (Germany)

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