The increased application for CMCs in electrical power generation, aerospace, and maritime propulsion is projected to increase the demand for ceramic matrix composites to a great extent over the coming period.

1. Ceramic Matrix Composites Market Expected to Be Biggest Emerging
Market by 2025
Ceramic Matrix Composites Market: Snapshot
Ceramic matrix composites (CMCs) are a class of materials that show
considerable promise to provide fracture-toughness values similar to the one
needed for metals such as cast iron. Ceramic matrix composites primarily of
two types are being developed, wherein the first type includes continuous
reinforcement such as fiber, and the second type includes discontinuous
reinforcing phase such as whiskers. Failure behavior is the major difference
between the two types of CMCs that are under development. Continuous-
fiber-reinforced materials can support a load even after matrix failure. On the

2. other hand, incorporating whiskers into ceramic matrix improves their
resistance to crack growth. High-temperature silicon carbide reinforcements
have been particularly important for the technology of toughened ceramics.
CMCs display the distinguishable property of being as strong as metal, yet are
lighter that can withstand high temperatures. CMCs are designed to substitute
refractory metals and other materials in high temperature applications that
have erosion or deformation concerns. This is because their design and
functional configuration is suitable for a several propulsion and thermal
protection applications. Excellent structural performance, resistance to
thermal shock, lower thermal conductivity and lower density than refractory
metals, and erosion and oxidation resistance provided at high temperatures
due to environmental barrier coating are some of the added features of
ceramic matrix composites.
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3. CMCs are increasingly being used in military and commercial jet engines and
industrial turbines as their weight is one-third of nickel super-alloys that were
previously used and can operate at temperatures as much as 500°F higher than
nickel super-alloys.
Global Ceramic Matrix Composites Market: Overview
Ceramic matrix composites (CMCs) are a type of composite material as well
as a kind of technical ceramic. The increased application for CMCs in
electrical power generation, aerospace, and maritime propulsion is projected
to increase the demand for ceramic matrix composites to a great extent over
the coming period.
The report discusses key information about major growth drivers, restraints,
opportunities, and trends observed in the global ceramic matrix composites
market. Factors such as market projections, the supply-demand ratio, market
size, market attractiveness, technological advances, and key segments have
been studied in detail. The market shares, product portfolios, and business

4. strategies of the major market players have been revealed, along with
authentic statistical data, figures, charts, and tables.
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Global Ceramic Matrix Composites Market: Drivers and Restraints
Some manufacturers have come up with CMCs that are fabricated through a
fast melt infiltration process, which is time and cost efficient when compared
with traditional chemical vapor infiltration process. This reduction in cost and
time will contribute towards higher production of ceramic matrix composites.
Governments of several countries such as the U.S. have been making large-
scale investments in the manufacturing of CMCs. Moreover, rocket engines,
jet engines, furnaces, nuclear components, welding tools, refractory
components, spacecraft re-entry shielding, gas turbines, and engines for
automobiles also incorporate CMCs. Replacement of superalloys also requires
CMCs. The aforementioned applications will significantly fuel growth of the
market for ceramic matrix composites.

5. Since CMCs are good conductors of electricity, are light weight, and stable
even at high temperatures, they are becoming increasingly adopted across
various industries such as electronics, defense, and thermal management.
Furthermore, ceramic matrix compounds are likely to replace conventional
alloys on account of their thermal stability, increasing their demand.
However, the market growth will be obstructed by the costs of ceramic matrix
composites, which are heavily dependent on the cost of ceramic fibers.
Besides this factor, high costs of raw materials used for ceramic matrix
composites on account of energy intensive production will also restrain
market expansion. Nonetheless, substantial opportunities will be presented by
the energy and power sector, as it is a rapidly growing application segment.
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6. The defense segment is another application segment which will adopt CMCs
to a great extent. CMCs have exceptional impact strength and thermal
stability, both of which qualities are treasured by the bulletproof armor
producing industry. As they can operate at a temperature as high as 1300 C,
CMCs will be increasingly preferred by several technologically advanced
engines, widening growth opportunities.
Global Ceramic Matrix Composites Market: Regional Outlook
Based on geography, North America, Europe, Asia Pacific and MEA can be
the major regional segments. Of these, Europe and North America, on account
of the presence of most number of the leading market players, are at the
headmost position. Moreover, high development of defense and aerospace
sectors in North America is also responsible for growth in this region. Asia
Pacific is projected to advance rapidly because of large-scale investments by
multinational companies in order to meet the continuously rising demands
from various applications. The increased defense expenditures of China and
India will also benefit the global market for CMCs.

7. Global Ceramic Matrix Composites Market: Key Vendors
Key market vendors are emphasizing cost efficiency, as current production
requires high amount of capital. In 2013, GE Aviation, one of the leading
companies in the market for CMCs, announced its intention of building an
advanced composite component factory in North Carolina, where CMC
components will be manufactured. This is expected to lead to an increase in
competition amongst the leading companies.
Some of the major companies operating in the global market for CMCs are
Applied Thin Films, Inc., 3M Company, General Electric Company, Ube
Industries, Ltd., and CoorsTek, Inc.
The study presents reliable qualitative and quantitative insights into:
 Market segments and sub-segments
 Market trends and dynamics

8.  Supply and demand chain of the market
 Market valuation (revenue and/or volume)
 Key trends/opportunities/challenges
 Forces defining present and estimated future state of the competitive
landscape
 Technological developments
 Value chain and stakeholder analysis
The regional analysis covers:
 North America
 Latin America
 Europe
 Asia Pacific

9.  Middle East and Africa
The vast market research data included in the study is the result of extensive
primary and secondary research activities. Surveys, personal interviews, and
inputs from industry experts form the crux of primary research activities and
data collected from trade journals, industry databases, and reputable paid
sources form the basis of secondary research. The report also includes a
detailed qualitative and quantitative analysis of the market, with the help of
information collected from market participants operating across key sectors of
the market value chain. A separate analysis of macro- and micro-economic
aspects, regulations, and trends influencing the overall development of the
market is also included in the report.
Highlights of the report:
 A detailed analysis of key segments of the market
 Recent developments in the market’s competitive landscape

10.  Detailed analysis of market segments up to second or third level of
segmentation
 Historical, current, and projected future valuation of the market in terms
of revenue and/or volume
 Key business strategies adopted by influential market vendors
 Outline of the regulatory framework surrounding and governing
numerous aspects of the market
 Growth opportunities in emerging and established markets
 Recommendations to market players to stay ahead of the competition
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