Ceramic Matrix Composite Market, By Product (Carbon, Silicon Carbide, and Oxide), by Application and by Geography (NA, EU, APAC, and RoW) Analysis, Share, Trends, Size, & Forecast From 2014 2025
REPORT HIGHLIGHT
The Ceramic Matrix Composite market was valued at USD 2.49 billion by 2017, growing with 12.6% CAGR during the forecast period, 2018-2025.
Ceramic Matrix Composite (CMC) has high utility in various kinds of thermal management applications and electronics. The credibility lies in the material’s high thermal and electrical conductivity. It is perfect for applications where high efficiency is a necessity.
Market Dynamics
Energy Applications, defense, and aerospace are the sectors where CMCs are extensively used. The ever-increasing demand from these sectors will fuel up the growth of its market. The common factors that will drive the growth of CMC industry during the forecast period are
- Durability
- Endurance
- Strength to Weight Ratio
- Stiffness
- Impressive thermal conductivity
- Increased Coefficient of friction
Moreover, it is expected that a combination or replacement of conventional materials with Nanocomposites or matrix composites will bolster the growth. Although global CMC industry has tremendous prospect yet there are certain deterrents that may inhibit its growth to the optimum level. One of them is associated with the high manufacturing cost that is largely influenced by the cost of ceramic fibers. Cost of premium grade silicon carbide fiber can have the ceiling price of 11,080 USD per kg. One of the justified rationales for high prices can be comprehended on the grounds that ceramic production is a highly specialized and labor-intensive process.
Product Takeaway
The ceramic matrix composite market is classified into four types namely, Carbon, Silicon carbide, oxide and others. In most composites, Carbon Fiber is used and thereby produced in bulk. On the flip side by 2025, it is anticipated that Silicon carbide ceramic will emerge as the product segment having the largest demand. It will have a revenue share over 35% by volume. SiC composites have an impressive oxidation resistance in comparison to carbon matrix composites hence, their commercial production has started to fulfill the demand of aerospace applications.
Oxide matrix composites are going to be one of the fastest growing product segments in the course of the forecast period and it will have more than 28% share till 2025. These products are the latest rendition in the industry. Their seamless features like no oxidation, high durability, endurance, and low cost will facilitate its demand in energy and power applications, defense and aerospace.
Application Takeaway
The end user industries comprise of automotive, aerospace, defense, energy &power, and electrical & electronics. Among these industries, sectors like energy & power, and electrical applications are anticipated to have high demand for CMCs. And this demand is due to excellent thermal stability and remarkable thermal conductivity of CMCs.
On the other side, industries like aerospace, automotive and defense will also prove to be highly profitable for CMCs sale. The exponential demand of CMCs in these sectors is due to its associated benefits such as superb load resistance, shock resistance and better flexibility.
Regional Takeaway
As North America has a huge budget on defense and aerospace, it is expected that the region will have the highest concentration of CMC consumers. In 2017, North America witnessed the highest growth of ceramic matrix composite market and it is expected to pick up the pace till 2025. The Asia Pacific region is expected to emerge as the fastest growing in the region exhibiting a CAGR of 13.5% in terms of value and volume during the forecast period. The ever-increasing demands for energy followed by technological developments in the aerospace industry are the dominating factors paving the growth of CMC in this region. Emerging economies like China, Thailand, India, and Malaysia enjoy a competitive advantage as the cost of raw materials and labor is low.
Key Vendor Takeaways
The expansion of the global market for CMC is lead from the front by eminent names like Ceramtec International, 3M Company and COI Ceramics, Inc. It will not be long before various multinational companies and aviation giants like GE Aviation make a humungous investment in the development of ceramic composites to manufacture aircraft engines. Other companies operating in this area are UBE Industries, Ltd., Kyocera Corporation, Lancer Systems and Coorstek, Inc. For new companies capital requirement is the major hurdle which may restrict them to take entry in this business segment.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2014 & 2016
- Base Year – 2017
- Estimated Year – 2018
- Projected Year – 2025
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies and Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- Carbon
- Silicon Carbide
- Oxide
- Others
MARKET, BY APPLICATION
- Energy & power
- Defense
- Aerospace
- Electrical & Electronics
- Others
MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia Pacific
- India
- China
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East and Africa
TABLE OF CONTENT
1. CERAMIC MATRIX COMPOSITE MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. CERAMIC MATRIX COMPOSITE KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. CERAMIC MATRIX COMPOSITE INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. CERAMIC MATRIX COMPOSITE MARKET LANDSCAPE
5.1. Market Share Analysis
6. CERAMIC MATRIX COMPOSITE MARKET – BY PRODUCT
6.1. Overview
6.2. Carbon
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Silicon Carbide
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Oxide
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Others
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. CERAMIC MATRIX COMPOSITE MARKET – BY APPLICATION
7.1. Overview
7.2. Energy & power
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Defense
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Aerospace
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.5. Electrical & Electronics
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.6. Others
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. CERAMIC MATRIX COMPOSITE MARKET– BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.3. U.S.
8.2.3.1. Overview
8.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.2.4. Canada
8.2.4.1. Overview
8.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Europe
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.3. France
8.3.3.1. Overview
8.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.4. Germany
8.3.4.1. Overview
8.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3.5. Rest of Europe
8.3.5.1. Overview
8.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.3. China
8.4.3.1. Overview
8.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.4. India
8.4.4.1. Overview
8.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4.5. Rest of APAC
8.4.5.1. Overview
8.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5. Rest of the World
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.3. Latin America
8.5.3.1. Overview
8.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.5.4. Middle East and Africa
8.5.4.1. Overview
8.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. KEY VENDOR ANALYSIS
9.1. Ceramtec International
9.1.1. Company Overview
9.1.2. SWOT Analysis
9.1.3. Key Developments
9.2. 3M Company
9.2.1. Company Overview
9.2.2. SWOT Analysis
9.2.3. Key Developments
9.3. GE Aviation
9.3.1. Company Overview
9.3.2. SWOT Analysis
9.3.3. Key Developments
9.4. UBE Industries, Ltd.
9.4.1. Company Overview
9.4.2. SWOT Analysis
9.4.3. Key Developments
9.5. Kyocera Corporation
9.5.1. Company Overview
9.5.2. SWOT Analysis
9.5.3. Key Developments
9.6. Lancer Systems
9.6.1. Company Overview
9.6.2. SWOT Analysis
9.6.3. Key Developments
9.7. Coorstek, Inc.
9.7.1. Company Overview
9.7.2. SWOT Analysis
9.7.3. Key Developments
9.8. COI Ceramics, Inc.
9.8.1. Company Overview
9.8.2. SWOT Analysis
9.8.3. Key Developments
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. Abbreviations
11.3. Disclaimer
11.4. Contact Us
List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Ceramic Matrix Composite Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Ceramic Matrix Composite Market, by Product, 2014 – 2025 (USD Billion)
Table 11 Ceramic Matrix Composite Market, by Application, 2014 – 2025 (USD Billion)
Table 12 Ceramic Matrix Composite Market, by Geography, 2014 – 2025 (USD Billion)
Table 13 North America Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 14 U.S. Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 15 Canada Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 16 Europe Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 17 France Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 18 Germany Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 19 Asia Pacific Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 20 China Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 21 India Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 22 Latin America Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
Table 23 MEA Ceramic Matrix Composite Market, 2014 – 2025 (USD Billion)
List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Ceramic Matrix Composite Market, by Product, 2014 – 2025 (USD Billion)
Figure 6 Ceramic Matrix Composite Market, by Application, 2014 – 2025 (USD Billion)
Figure 7 Ceramic Matrix Composite Market, by Geography, 2014 – 2025 (USD Billion)
