- With increased production of aircraft due to an upward graph in commercial aviation network, drastic economic development, a boost in the tourism industry, increased consumer's interest in traveling through aircraft, etc. the aerospace industry has driven the market share, value, and volume of the global ceramic matrix composite industry.- Introduction and increased usage of lightweight automobiles in every country.- Advancements in the electronic and electrical industry.- Progressiveness in the power and energy generation sector due to the usage of ceramic matrix composites.- Introduction and advancement of the ultra-high ceramic matrix composites.- Development and management of nuclear reactors based on ceramic matrix composites.
- High cost of production- Increasing competition due to a high number of companies invested in ceramic matrix composites. Value Chain Analysis: The net worth of ceramic market composites is increasing daily due to the use of ceramic in various manufacturing industries and the increasing demand for lightweight aircraft, space vehicles, etc. The development of conductive packaging structures for semi-conductive chips and microelectronics is the fueling of the growth in the market. Ceramic matrix composites (CMCs) are a mixture of ceramics, their subcomponents, composite materials, carbon, carbon fibers, and their subgroups, entangled in form of a ceramic matrix using ceramic fibers. The factors that led to the growth of the ceramic matrix composites market are upward graph in commercial aviation network, drastic economic development, boost in the tourism industry, increased consumer's interest in traveling through aircraft in the aerospace industry, introduction and increased usage of light being automobiles in every country, advancements in the electronic and electrical industry. Many opportunities have been created in the field of ultra-high ceramic matrix composites and nuclear reactors.
Ceramic matrix composites (CMCs) are also called ceramic fibers rooted in the ceramic matrix, which in turn lead to the formation of ceramic fiber-reinforced material. Composite material embraced two parts that are the build-up which issues some special mechanical properties, i.e., rigidity and strength, and the matrix material, which keeps everything intact. Ceramic matrix composites are a special kind of composite material that is designed in such a way that ameliorates the rigidity of conventional ceramics. One of the disadvantages of conventional ceramics is resentment, and there are various advantages of conventional ceramics, i.e., lightweight, chemical stability, and corrosion resistance.
With increased production of aircraft due to an upward graph in the commercial aviation network, drastic economic development, a boost in the tourism industry, increased consumer's interest in traveling through aircraft, etc. the aerospace industry has driven the market share, value, and volume of the global ceramic matrix composite industry. CMCs are used for manufacturing components of aircraft including fins, rudder, nose cap, leading edges, exhaust nozzles, gas turbine engines, body flaps, panels, and other components. The factors that led to the growth of the ceramic matrix composites market are upward graph in commercial aviation network, drastic economic development, boost in the tourism industry, increased consumer's interest in traveling through aircraft in the aerospace industry, introduction and increased usage of light being automobiles in every country, advancements in the electronic and electrical industry. Many opportunities have been created in the field of ultra-high ceramic matrix composites and nuclear reactors. The global Ceramic matrix composites (CMCs) market will fetch a revenue of more than 12,766.0 million US dollars and a CAGR of 11.13% by the year 2023.
With the outbreak of the COVID-19 virus, the economy of the world has shifted in a downward manner. With a great loss of human life, the world has been on a sabbatical in every aspect. The government’s around the world must impose lockdowns country-wise and state-wise to distance people from one another and decrease the growth of the virus. Travel, transportation, packaging, and many other industries were put to a halt. People learned to survive on the basics and lead a simple life. This lockdown also took a toll on the mental health of people.
The COVID 19 pandemic interrupted our life physically, socially, and politically. Every business has to deal with this on both fronts that are health and economic sector; with the shred in demand, the analysts have to prepare for better strategies so that we can recover from this pandemic in the coming years, the industrial reports can quickly sum up the entire effect that corona had on this vehicles. Various expertise is working upon these industrial reports fully help the client.
Segment Overview: By type:
The global Ceramic Matrix Composites market is segmented based on type as carbon, carbide, silicon carbon, silicon carbide, and oxide. Silicon carbide is the major stakeholder in the Ceramic Matrix Composites market accounting for 38% of the total share. Carbon is the second most used component owing to its usage in the automotive and aerospace industry. The qualities of carbon like high friction, low weight, fracture toughness, temperature resistance, and others are major contributors to make carbon highly usable. By category:
The global Ceramic Matrix Composites market is segmented based on category in categories like long continuous fiber, short continuous fibres and whiskers. By production: The global Ceramic Matrix Composites market is segmented based on production as gaseous infiltration, powder dispersion, pyrolysis, sol-gel, polymer impregnation, and reactive melt infiltration. By end-use:The global Ceramic Matrix Composites market is segmented based on end-users in the energy and power, aerospace, automotive, electronics, and electrical industry. Aerospace holds the major contender in the end-user sector compromising about 36.32% of the total market value and share as per the recent analysis. Regional analysis:
The global Ceramic Matrix Composites market is segmented based on region as North America, Asia-Pacific, Europe, and the Rest of the World.- Due to the high demand for ceramic in industrial use North American region holds a 36.9% share of the market. The aerospace and defense sectors are the major end-users involved in the US region. With the rising interest of many investors and manufacturers in the research and development department of the Ceramic Matrix Composites, the industry is expected to dominate the world.- Asia pacific is counted as the second largest promising market due to the industrialization and urbanization in the economy. Competitive Landscape:
The competitive landscape of the global ceramic market is based on the analysis of industry's experts by taking a note of market share, market volume, market value, key market players, consultancy firms, research and development departments, key development strategies, market ranking analysis, strategic alliances, and manufactures an investors interest.
The prominent players of the market are axiom Materials (US), Applied Thin Films, Rolls-Royce plc (UK), Rolls-Royce plc (UK), KYOCERA Corporation (Japan), 3M (US), CeramTec (Germany), CoorsTek Inc (US), General Electric, SGL Carbon, COI Ceramics Inc., United Technologies, Lancer Systems, Ultramet, and others.
- A ultra-high bypass ratio and ultra-high ceramic matrix composites geared turbofan engine is being developed by NASA for future use in the aerospace industry.- General Electric has actively supported the Ceramic Matrix Composites Market in the manufacturing and development of aircrafts engines.- One Belt One Road Initiative and Make in India Initiative has upped India's game in the field of ceramic matrix composites market. Report Overview: The global ceramic market research is expected to grow by USD12,766.0 billion with 11.13% of CAGR during the forecast period 2016-2022. Experts are analyzing various market strategies which can be implemented to recover the COVID 19 pandemics, and the analyst is working upon various reports of industrial vehicles to give a detailed analysis to their clients to help them in dealing with the COVID 19 situations. Various key strategies have been implemented, like partnerships, agreements, expansion, and product launches. 36.9% of the market share is held by the North American region; the Asia Pacific is among the second most promising country in the market
The lightweight, resistance to high temperatures, strength, and corrosion resistance are the driving factors of the market. The up-surging demand for lightweight aircraft, space vehicles, and automobiles adheres to strict regulations given by the US Environmental Protection Agency and the EU’s environmental standards to control the CO2 emission, which will increase the demand for CMCs during the review period.
Frequently Asked Questions (FAQ) :
The global ceramic matrix composites (CMC) market is expected to reach a valuation of more than USD 11.2 billion by 2024.
The global CMC market is expected to exhibit a strong 12% CAGR over the forecast period from 2019 to 2024.
CMCs are majorly used in the aerospace industry, followed by the automotive industry.
North America is the largest regional market for CMCs.
Leading players in the global CMC market include 3M, CeramTec, CoorsTek Inc., Ube Industries, Ultramet, Safran, and Lancer Systems, among others.