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Ceramic Matrix Composites Market Share

Report ID: GMI7420
Published Date: Nov 2023
Report Format: PDF

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Ceramic Matrix Composites Market Share

Major players operating in the ceramic matrix composites industry include:

General Electric Company
Rolls-Royce plc
COI Ceramics, Inc.
Morgan Advanced Materials
Applied Thin Films, Inc.
Ultramet
CoorsTek, Inc.
Kyocera Corporation
SGL Carbon SE
CeramTec GmbH
Lancer Systems
Starfire Systems, Inc.
Renegade Materials Corporation
Ube Industries, Ltd.
Reinhold Industries, Inc.

General Electric Company, and Rolls-Royce plc have captured substantial market shares in the Asia pacific market, driven by companies in the Asia-Pacific region, driven by the surging demand for ceramic matrix composites products, particularly in China and India. The Asia-Pacific region, the world's largest ceramic matrix composites industry, is poised for continued growth due to rapid economic development, urbanization, and increasing demand across industries such as nuclear power, chemicals, ceramics, and aerospace. As leading producers, General Electric Company, and Rolls-Royce plc are well-positioned to cater to this escalating demand in the region.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for ceramic matrix composites was valued at USD 11.8 billion in 2022 and is projected to reach over USD 31.5 billion by 2032, driven by the product’s unique features of high temperature resistance and light weight with its usage becoming common in airplanes and military engines.

The continuous fibre segment held a market share of around 75% in 2022 & is projected to grow swiftly through 2032, as these composites are superior in strength and thermal conductivity thus preferable in the aerospace and defense operations.

North America ceramic matrix composites industry was worth USD 3.5 Billion in 2022 & is anticipated to record notable grow through 2032 driven by the development of green and affordable manufacturing processes along with new applications in the country’s energy and electronics sectors.

General Electric Company, Rolls-Royce plc, COI Ceramics, Inc., Morgan Advanced Materials, Applied Thin Films, Inc., Ultramet, CoorsTek, Inc., Kyocera Corporation, SGL Carbon SE are some of the major industry contenders.