Asia-Pacific ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 11.0% during the forecast period. Asia-Pacific is estimated to exhibit considerable growth in the global CMC market. The growth is mainly attributed to the emerging automotive and aerospace industry in the region, which is primarily involved in the development of innovative technologies. Apart from these automotive sector and aerospace sectors, CMC is also utilized for application in the energy sector. Solar panels are generally coated with ceramics as a protective layer, which further enables them to withstand higher temperatures and improved functionality. Solar energy is seen as one of the most abundantly available renewable energy on the earth and the region has the highest installation of solar PV.  

According to the International Energy Agency, China ranks first in terms of solar power capacity and is projected to continue its leading position in the upcoming years as well. As per the International Renewable Energy Agency (IRENA), China’s total operating solar PV capacity reached 175 GW in 2018. Owing to the presence of several major providers of solar panels, the production capacity of solar modules is also high in the country. These facts and figures regarding the rising solar power market and automotive industry are likely to drive the CMC market in the region during the forecast period.

Some crucial players in the market include General Electric Co., 3M Co., SGL Carbon SE, CeramTec GmbH, Rolls-Royce plc, and Safran Group. These players are focusing on product launches, mergers and acquisitions, and partnerships and collaborations, to expand market share and gain a competitive advantage over their competitors. For instance, in September 2019, SGL Carbon SE launched its innovative fiber composite solutions for mobility and industrial applications at the China Composites Expo 2019 in Shanghai. In addition, the company also represented product portfolio SIGRAFIL carbon fibers and textile semi-finished products to REFRASIL silica-based materials in order to expand its business in various geographies. 

Research Methodology

The market study of the Asia-Pacific CMC market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of pricing, market size, intended quality of the product preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific CMC Market Research and Analysis, By Product Type
2. Asia-Pacific CMC Market Research and Analysis, By End-Use Industry

The Report covers:

• Comprehensive research methodology of the Asia-Pacific CMC market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific CMC market.
• Insights about market determinants which are stimulating the Asia-Pacific CMC market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.