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Ceramic Matrix Composites (CMC) Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70443
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The ceramic matrix composites (CMC) market is projected to grow by USD 1.97 billion with a CAGR of 9%, during the forecast period 2020 to 2025.

The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (aerospace and defense, automotive, power and energy, and others) and geography (North America, Europe, APAC, MEA, and South America).

The ceramic matrix composites (CMC) market report also offers information on several market vendors, including Applied Thin Films Inc., CeramTec TopCo GmbH, COI Ceramics Inc., CoorsTek Inc., Lancer Systems LP, Rolls-Royce Plc, SGL Carbon SE, Spirit AeroSystems Holdings Inc., SST Technology, and Starfire Systems Inc. among others.

Applied Thin Films Inc. - As the key product, the company offers Cerablak CMCs which represent a new advancement in the field of ceramic matrix composites. The unified segment offers the company offers various chemically engineered products such as high-temperature thins, sealants, and others.

What will the Ceramic Matrix Composites (CMC) Market Size be During the Forecast Period?

Ceramic Matrix Composites (CMC) Market Size

Get the Ceramic Matrix Composites (CMC) Market Size Forecast by Downloading the Report Sample

Parent Market Analysis

Technavio categorizes the global ceramic matrix composites market as a part of the global chemicals market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ceramic matrix composites (CMC) market during the forecast period.

Ceramic Matrix Composites (CMC) Market: Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Ceramic Matrix Composites (CMC) Market Driver

  • One of the key factors driving growth in the ceramic matrix composites (CMC) market is the increase in demand for ceramic matrix composites from APAC countries.
  • Countries such as China, Singapore, India, and Thailand are increasingly adopting fuel-efficient ceramic matrix composite-based aircraft engines.
  • Improved standard of living, liberalization, open market and industrialization are some of the major factors contributing to the growth of trade and commerce in these countries.
  • The emergence of India and China as major manufacturing hubs in APAC will lead to an increase in tourist inflows and cargo from APAC.
  • The huge consumer base in China is fueling the need for new aircraft with improved efficiency. The use of ceramic matrix composite engines helps in improving fuel efficiency, thereby reducing the operational cost of aircraft.

Key Ceramic Matrix Composites (CMC) Market Challenge

  • The stringent regulations in various applications will be a major challenge for the ceramic matrix composites (CMC) market during the forecast period.
  • Various regulations are implemented in the selection of materials, which are used in the production of aircraft components, to ensure the safety of passengers.
  • The European Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) provide regulations and guidelines on the use of materials in the aviation industry. 
  • The Food and Drug Administration (FDA) provides guidelines on medical devices under the Federal Food Drug & Cosmetic Act (FD&C Act) in the US. 
  • The stringent regulations and policies for the approval of ceramic matrix composites in various applications are expected to hinder market growth. 

This ceramic matrix composites (CMC) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Ceramic Matrix Composites (CMC) Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the ceramic matrix composites (CMC) market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Ceramic Matrix Composites (CMC) Market?

Ceramic Matrix Composites (CMC) Market Share by Geography

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51% of the market’s growth will originate from North America during the forecast period. The US is the key market for ceramic matrix composites (CMC) in North America. Market growth in this region will be faster than the growth of the market in other regions.

The US and Canada are contributing to the growing demand for ceramic matrix composites in the region. From the manufacturing perspective, North America accounted for almost one-fourth of the global aerospace components production in 2020. Commercial aircraft manufacturing companies in the region such as Boeing and Bombardier have started using ceramic matrix composites in their new engines to improve the efficiency of the aircraft. This will facilitate the ceramic matrix composites (CMC) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The revenue growth of the ceramic matrix composites market in the region witnessed a decline in 2020 owing to the outbreak of COVID-19. The lockdowns imposed by the governments in the region during the first and second quarters of 2020 resulted in the temporary shutdown of manufacturing operations of vendors and various end-user industries, which led to a decline in the production of and demand for automobiles, and airline bookings. However, the market is expected to recover during 2021-2025, as the vendors and end-user industries are reinstating their routine operations.

What is the Fastest-Growing Application Segment in the Ceramic Matrix Composites (CMC) Market?

Ceramic Matrix Composites (CMC) Market Share

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The ceramic matrix composites (CMC) market share growth by the aerospace and defense segment will be significant during the forecast period. The aerospace and defense segment has the largest share in the global ceramic matrix composites market. Ceramic matrix composites are used in the production of structural nozzles, braking systems, engine components, and thermal barriers in the aviation industry owing to their fracture toughness and the ability to withstand high thermomechanical loading.

This report provides an accurate prediction of the contribution of all the segments to the growth of the ceramic matrix composites (CMC) market size and actionable market insights on the post-COVID-19 impact on each segment. 

 

Ceramic Matrix Composites (CMC) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 1.97 billion

Market structure

Fragmented

YoY growth (%)

5.43

Regional analysis

North America, Europe, APAC, MEA, and South America

Performing market contribution

North America at 51%

Key countries

US, Germany, China, UK, and Japan

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Applied Thin Films Inc., CeramTec TopCo GmbH, COI Ceramics Inc., CoorsTek Inc., Lancer Systems LP, Rolls-Royce Plc, SGL Carbon SE, Spirit AeroSystems Holdings Inc., SST Technology, and Starfire Systems Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Ceramic Matrix Composites (CMC) Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive ceramic matrix composites (CMC) market growth during the next five years
  • Precise estimation of the ceramic matrix composites (CMC) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the ceramic matrix composites (CMC) market industry across North America, Europe, APAC, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive analysis of factors that will challenge the growth of ceramic matrix composites (CMC) market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis 2020 & 2025
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Aerospace and defense - Market size and forecast 2020-2025
    • Automotive - Market size and forecast 2020-2025
    • Power and energy - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • APAC - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Applied Thin Films Inc.
    • CeramTec TopCo GmbH
    • COI Ceramics Inc.
    • CoorsTek Inc.
    • Lancer Systems LP
    • Rolls-Royce Plc
    • SGL Carbon SE
    • Spirit AeroSystems Holdings Inc.
    • SST Technology
    • Starfire Systems Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    Ceramic Matrix Composites (CMC) market growth will increase by $1970.86 million during 2020-2025.
    The ceramic matrix composites (cmc) market is expected to grow at a CAGR of 8.83% during 2020-2025.
    Technavio has segmented the ceramic matrix composites (cmc) market by application (Aerospace and defense, Automotive, Power and energy, and Others) and geographic (North America, Europe, APAC, MEA, and South America).
    Applied Thin Films Inc., CeramTec TopCo GmbH, COI Ceramics Inc., CoorsTek Inc., Lancer Systems?áLP, Rolls-Royce Plc, SGL Carbon SE, Spirit AeroSystems Holdings Inc., SST Technology, Starfire Systems Inc. are a few of the key vendors in the ceramic matrix composites (cmc) market.
    North America will register the highest growth rate of 51.01% among the other regions. Therefore, the ceramic matrix composites (cmc) market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the ceramic matrix composites (cmc) market growth are:
    • Increase in demand for ceramic matrix composites from APAC countries
    The ceramic matrix composites (cmc) market vendors should focus on grabbing business opportunities from the aerospace and defense segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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