Ceramic Matrix Composites (CMC) market is growing significantly attributed to its high toughness, high mechanical strength at high temperatures, low density, and high thermal stability. CMC are composite materials which consist of ceramic fibers embedded in a ceramic matrix that results in the formation of ceramic fiber-reinforced material. Under the process, the ceramic matrix is reinforced with either continuous fibers or with discontinuous reinforcement, including chopped fibers, whiskers, or particles. There is increasing demand for CMC owing to its benefits over monolithic ceramics. The disadvantages associated with monolithic ceramics, such as limited thermal shock resistance, brittle failure, and low fracture toughness create significant opportunities for the market in the near future. However, there are certain disadvantages associated with CMC, which include high cost of processing and high processing temperature requirement which leads to complexity in production and thereby affects the processing cost. This is expected to hinder the growth of the market during the forecast period.

Additionally, CMCs are significantly used in multiple engineering applications, including gas turbine components (turbine blades, combustion chambers, and stator vanes), in heat shield systems, flame holders, components for burners, brake disks and components of brake systems for cars or airplanes which experience extreme thermal shocks. Ceramic composite materials can offer the advantage to aerospace in thermal protection, exhaust and propulsion, and hot primary structure applications. Rising demand for fuel-efficient aircraft is primarily encouraging aerospace engineers to choose CMC due to better thermal and lightweight capabilities. Due to these benefits, it can be a better alternative to nickel-based superalloys that are used to produce turbines, compressors, and shrouds of jet engines. As a result, advances in aircraft engines are estimated to accelerate the demand for CMC.

Geographically, North America held the largest share in the market due to the significant presence of major aircraft manufacturers, such as the Boeing Co. and Lockheed Martin Corp. in the region. However, Asia-Pacific is anticipated to witness optimistic growth in the market. Chinese engineers have shifted their focus towards CMC to ramjets, telemetry systems and parts of turbine engines, which in turn, would result in the remarkable growth of the market.

Some crucial players operating in the market include General Electric Co., Rolls-Royce PLC, SGL Carbon SE, Safran S.A., CeramTec GmbH, and Composite Horizons, LLC. GE Scientists have been working on CMC as these are tough as metals and can operate at 2,400 degrees Fahrenheit—500 degrees higher than the most advanced alloys. Such combination supports engineers to design lightweight components for engines. The researchers at GE has started using CMC by replacing rotating metal components that would enable designers to decrease the size of the engine’s main shaft and cut engine weight further. The company invested $200 million to establish two new CMC factories in Huntsville, Alabama under CMC program at GE Aviation. GE has received contracts for the production of fighter engines from military and defense. For instance, in July 2016, the company received $1 billion Airforce contract for designing and testing of military fighter engines. AS GE has moved towards CMCs, such kinds of airforce contracts are supporting the demand for CMCs.

Research Methodology:

The market study of the global CMC market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  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.
• Authentic public databases
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalogue.

The report is intended for manufacturers of composites, ceramic fibers,, manufacturers, distributors, and suppliers of CMC and CMC-based products, supplier of wear-resistant parts, aircraft parts, ballistic armor, radiant heaters and other high-temperature components, turbines, and biocompatible materials and others for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, different products, and market opportunity. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• Global Ceramic Matrix Composites Market Research and Analysis, By Product Type
• Global Ceramic Matrix Composites Market Research and Analysis, By End-Use Industry

The Report covers:

• Comprehensive research methodology of the global ceramic matrix composites 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 global ceramic matrix composites market.
• Insights about market determinants which are stimulating the global ceramic matrix composites market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.