The global ceramic matrix composites market size is expected to grow from $11.35 billion in 2021 to $12.26 billion in 2022 at a compound annual growth rate (CAGR) of 8.05%. The global ceramic matrix composite market size is expected to grow to $17.15 billion in 2026 at a CAGR of 8.75%.
What is the Global Ceramic Matrix Composites Market?
The ceramic matrix composite market consists of sales of ceramic matrix composites by entities (organizations, sole traders, and partnerships) that refer to a material consisting of a ceramic matrix which is mixed with a ceramic dispersed phase. Ceramix matrix composites are designed to improve the toughness of conventional ceramics. Ceramic matrix composites are used in the aerospace and energy sectors, as such applications require additional permanent or temporary toughness between elements and surrounding materials.
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What drives the Global Ceramic Matrix Composites Market?
The high demand for lightweight automobiles across the globe is contributing to the growth of the ceramic matrix composites market. The increased demand for lightweight electric vehicles has turned automakers' focus to lightweight composite materials as a substitute for heavier steel and iron in vehicles. For instance, according to McKinsey, the automotive industry is expected to increase the use of lightweight materials from 30 to 70% by 2030. So, high demand for lightweight automobiles will drive the ceramic matrix composites market.
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Global Ceramic Matrix Composites Market Segments
The global ceramic matrix composites market is segmented:
By Type: Oxide/Oxide, Carbon/Silicon Carbide, Carbon/Carbon, Silicon Carbide/Silicon Carbide
By Category: Short Fiber, Long Continous Fiber, Whiskers
By Production Method: Powder Dispersion, Reactive Melt Infiltration, Polymer Impregnation and Pyrolysis, Gaseous Infiltration, Chemical Vapor Infiltration, Sol-Gel
By End-Use Industry: Aerospace and Defense, Transportation, Energy, Electrical and Electronic, Medical
By Geography: The regions covered in the ceramic matrix composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Ceramic Matrix Composites Global Market Report 2022provides market size and growth forecasts for the global ceramic matrix composites market, global ceramic matrix composites market share, ceramic matrix composites market segments and geographies, ceramic matrix composites market competitive landscape including leading competitors’ revenues, profiles and market shares. The ceramic matrix composites market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Ceramic Matrix Composites Industry Playersinclude General Electric Company, Rolls-Royce, SGL Carbon, Axiom Materials Inc, United Technologies, 3M Company, COI Ceramics, Lancer Systems, CoorsTek, Applied Thin Films, Ultramet, CFC Carbon Co. Ltd, UBE Industries Ltd, Kyocera Corporation, Speciality Materials Inc, and Safran. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
