China CMC Market Trends, Size, And Forecast - 2019-2025

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China CMC Market Trends, Size, and Forecast - 2019-2025

 

China ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 11.1% during the forecast period. In 2018, China held a significant share in the Asia-Pacific CMC market. This is attributed to the increasing number of air travellers and the presence of huge automotive players in the region. The changing preferences of the passengers to travel via air are rapidly increasing. Air passenger is expected to increase in the near future and China is expected to be the world’s largest aviation market across the globe, according to the International Air Transport Association (IATA). For instance, in September 2019, China opened the Daxing International Airport, a mega-hub with world's biggest terminals. The growing aviation market in the country has increased the burden on the aircraft manufacturers to manufacture advanced and light-weighted aircraft which leads the adoption of lightweight and most durable materials such as CMCs.

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The increased spending and R&D investment in the aerospace industry also affects the growth of the market in the region. The CMCs possess several benefits that include lightweight, thermal protection, durability among others. The Commercial Aircraft Corporation of China Ltd. (COMAC), a Chinese state-owned aerospace manufacturer is a large player and key manufacturer in the aerospace industry.  In May 2017, COMAC launched C919 aircraft with the most advanced technological features and is about to launch more such aircraft including C929 and C939 in the near future. In addition, China also aims to be the leader in the aviation industry as it has opened the largest airport and aims to break Airbus and Boeing’s aviation Duopoly in the region. Thus, such rapid investments by the company as well as the government positively affect the aerospace industry in the region which in turn directly affects the market growth. Moreover, COMAC collaborated with Bombardier Inc., jets, equipment, and aircraft manufacturing company, for the passengers’ jet business.

A full report of China CMC Market is available at: https://www.omrglobal.com/industry-reports/china-ceramic-matric-composites-cmc-market

China CMC Market Segmentation

By Product Type 

  • Silicon Carbide Reinforced Silicon Carbide
  • Oxides/Oxides
  • Carbon/Carbon Composites
  • Others (SIC/C)

By End-Use Industry

  • Automotive
  • Aerospace & Defense
  • Energy & Power
  • Electrical & Electronics

Regional Analysis

  • China
  • India
  • Japan
  • Rest of Asia-Pacific

Company Profiles

    • 3M Co.
    • CeramTec GmbH
    • General Electric Co.
    • Nippon Carbon Co., Ltd.
    • Rolls-Royce plc
    • Safran Group
    • SGL Carbon SE
    • SST Technology
  • UBE Industries, Ltd.

 

 

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Keywords: size,and forecast - 2019-2025

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