The global ceramic matrix composites (CMCs) market is expected to reach over $7 billion by 2026, according to a recent report by Reports and Data. Growth in the market can be mainly associated with the rising demand in the defense, aerospace and automotive industries; technological innovations and advancements in the market; and investments in R&D.

CMCs are used in the production of various components in aircraft engines, such as nozzles, combustor liners, blade and shrouds. In high- and low-pressure engine zones, manufacturers use CMCs over nickel alloys due to their better performance and durability. Expected growth in the demand for commercial gas turbine engines will subsequently fuel the demand for ceramic matrix composites.

In the automotive industry, CMCs find broad application in components such as brake discs, braking systems and clutches. Light weight, very high temperature resistance, high endurance to corrosion and oxidation, and other properties of CMCs are fueling the increased application of CMCs in the automotive industry.

Additional key findings from the report suggest:

• The swift rise in the price of CMCs may hinder market growth.
• The market is segmented on the basis of reinforcement type into carbon/carbon (C/C), carbon/silicon carbide (C/SiC), oxide/oxide and silicon carbide/silicon carbide (SiC/SiC), as well as others.
• SiC/SiC is forecasted to account for the largest share in the global market, with a growth rate of 8.1% from 2018-2026.
• SiC matrix composites, which are being commercially developed, are seeing high demand from the aerospace industry since they possess properties such as high oxidation resistance compared to other matrix composites.
• Discontinuous or short fiber accounted for the largest share in the global market in 2018 and is forecasted to rise with a rate of 6.1% from 2018-2026.
• Silicon carbide fibers reinforce most of discontinuous or short fiber CMCs due to their high strength and stiffness (modulus of elasticity).
• Whiskers incorporated in short-fiber CMCs improve toughness and resistance to crack propagation.
• Aerospace manufacturing dominated the market in 2018 and is forecasted to have a CAGR of 9.1% during the forecast period.
• Superior features such as high dynamic load resistance, high-temperature stability, greater flexibility, and excellent thermal shock resistance make CMCs suitable for manufacturing aircraft components.
• North America accounted for the largest market share for CMCs and is forecasted to see a CAGR of 8.1% from 2018-2026.
• The North American region, comprising the U.S. and Canada, is driven mainly by the growing aerospace and defense industry in the region due to low interest rates, the presence of established players, and stringent environmental regulations emphasizing the use of lightweight and fuel-efficient materials.

Additional details are available at www.reportsanddata.com.