Ceramic Matrix Composites Cmc Market Scope And Analysis

Report Code : TIPRE00003786
Category : Chemicals and Materials

Status : Published
No. of Pages : 152

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Ceramic Matrix Composites Market Analysis, Scope, and Growth by 2027

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Ceramic Matrix Composites Market Report Scope

Report Attribute	Details
Market size in 2018	US$ 8.56 Billion
Market Size by 2027	US$ 18.49 Billion
Global CAGR (2018 - 2027)	9.1%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Product Oxide/Oxide Carbon/Silicon Carbide Carbon/ Carbon silicon carbon/ silicon carbon By End-use Industry Aerospace & Defense Energy and Power Automotive Industrial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	COI Ceramics Inc General Electric Company Lancer Systems SGL Carbon Rolls Royce Plc Coorstek Inc Applied Thin Films Inc Ultramet CFC Carbon Co Ltd

IMPACT OF COVID

The COVID-19 pandemic has had a significant impact on the ceramic matrix composites (CMCs) market, causing disruptions and hindering market growth. The pandemic led to widespread economic uncertainty, supply chain disruptions, and reduced industrial activities across various sectors. Many end-user industries of CMCs, such as aerospace, automotive, and energy, faced significant setbacks, including production halts, project delays, and reduced investments. The restrictions on travel and trade also affected the demand for CMCs in global markets. Moreover, the financial constraints faced by businesses and the focus on cost-cutting measures resulted in reduced capital expenditure and a cautious approach towards adopting advanced materials like CMCs. Although the market is expected to recover gradually as economies reopen and industrial activities resume, the COVID-19 pandemic has certainly impeded the growth trajectory of the CMCs market in the short term.

COMPETITIVE LANDSCAPE AND KEY COMPANIES

Some of the key players operating in the ceramic matrix composites market include COI Ceramics, Inc.; General Electric Company; Lancer Systems; SGL Carbon; Rolls-Royce Plc; CoorsTek, Inc.; Applied Thin Films Inc.; Ultramet; CFCCARBON CO, LTD; and Matech among others.