China ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 11.1% during the forecast period. In 2018, China held a significant share in the Asia-Pacific CMC market. This is attributed to the increasing number of air travellers and the presence of huge automotive players in the region. The changing preferences of the passengers to travel via air are rapidly increasing. Air passenger is expected to increase in the near future and China is expected to be the world’s largest aviation market across the globe, according to the International Air Transport Association (IATA). For instance, in September 2019, China opened the Daxing International Airport, a mega-hub with world's biggest terminals. The growing aviation market in the country has increased the burden on the aircraft manufacturers to manufacture advanced and light-weighted aircraft which leads the adoption of lightweight and most durable materials such as CMCs.

The increased spending and R&D investment in the aerospace industry also affects the growth of the market in the region. The CMCs possess several benefits that include lightweight, thermal protection, durability among others. The Commercial Aircraft Corporation of China Ltd. (COMAC), a Chinese state-owned aerospace manufacturer is a large player and key manufacturer in the aerospace industry.  In May 2017, COMAC launched C919 aircraft with the most advanced technological features and is about to launch more such aircraft including C929 and C939 in the near future. In addition, China also aims to be the leader in the aviation industry as it has opened the largest airport and aims to break Airbus and Boeing’s aviation Duopoly in the region. Thus, such rapid investments by the company as well as the government positively affect the aerospace industry in the region which in turn directly affects the market growth. Moreover, COMAC collaborated with Bombardier Inc., jets, equipment, and aircraft manufacturing company, for the passengers’ jet business.

The players operating in the market include SGL Carbon SE, 3M Co., Safran Group, and Rolls Royce Holdings plc. These players are focusing on product launches, mergers and acquisitions, and partnerships and collaborations, to expand market share and gain a competitive advantage. 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 China 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. China CMC Market Research and Analysis, By Product Type
2. China CMC Market Research and Analysis, By End-Use Industry

The Report covers:

• Comprehensive research methodology of the China 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 China CMC market.
• Insights about market determinants which are stimulating the China CMC market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.