The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ceramic Matrix Composites Market.

It was estimated prior to this unanticipated outbreak that the Ceramic Matrix Composites Market will grow at CAGR of 9.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

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Ceramic Matrix Composites Market Segment Analysis:

Global ceramic matrix composites market is segmented based on product type as oxide/oxide, silicon carbide/silicon carbide, carbon/carbon, and others. Carbon/Carbon is expected to remain the most dominant product type over the next five years, driven by its excellent properties, such as high temperature resistance, low coefficient of thermal expansion, wear resistance, corrosion resistance, and hardness. Carbon/Carbon is preferred in a wide array of industries including aerospace & defense and automotive. Brakes, nose cone, and wing leading edges are some of the key carbon/carbon applications in the aerospace & defense industry. Silicon carbide/Silicon Carbide is projected to witness high growth for the same period, driven by development of new applications in the aircraft engines, such as low-pressure turbine blades and turbine shroud.

The market for ceramic matrix composites is segmented based on end-use industry as aerospace & defense, transportation, energy, electrical & electronic, and others. Aerospace & defense industry currently dominates the global CMC market and is expected to remain the largest segment over the next five years. Increasing use of carbon/carbon brakes by replacing conventional steel brakes, development of new applications, increasing penetration of ceramic matrix composites in the commercial and military aircraft engines are some of the major drivers contributing to the demand for CMC in the aerospace & defense industry.

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North America is expected to remain the largest market for CMCs during the forecast period. Presence of several small to large players will act as a growth driver of the CMC market in North America. The US alone accounted for more than 90% of the North American CMC market and is projected to remain the growth engine of the region.

Asia-Pacific is projected to witness the highest growth in the global CMC market during the forecast period, driven by China and India. Increasing effort for the development of commercial, regional, and military aircraft to become self-sustained, will act as the key driving factors of the region.

Key Players:

3M, CeramTec, COI Ceramics Inc., CoorsTek Inc., GE Aviation, Lancer Systems, Rolls Royce Plc, SGL Group, Ultramet, and United Technologies are the key players in the global CMC market. Major players are raising their CMC capacities by either rolling out additional plants or ramping up capacities in their existing plants. New product development, geographical expansion, and collaboration with customers are some of the key strategies adopted by major companies to gain competitive edge over others.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Ceramic Matrix Composites Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

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