The US ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 8.4% during the forecast period. The US is considered to hold the major share in the US CMC market owing to its adoption in various applications such as aerospace and defense, power generation applications, aircraft applications, space applications, and others. The aerospace industry in the US is the largest across the globe as per the International Trade Administration (ITA). The US aerospace manufacturers are quite competitive internationally. In 2018, the industry contributed $151 billion in export sales to the US economy. At the end of 2018, the inward stock of foreign direct investment (FDI) into the US aerospace manufacturing industry totaled nearly $22 billion. There is a huge scope for CMCs in the aerospace industry in commercial aircraft, military aircraft, and space segments.
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One of the CMC part manufacturers in the region is GE Aviation. The company in 2017 announced its plan of having more than 750 US employees dedicated to its CMC industry by 2020. In just 10 years, the company has spent over $1.5 billion for bringing advanced CMC technology to market. Further, in March 2018, GE Aviation invested around $105 million in its CMC components manufacturing plant in Asheville, North Carolina, US, for meeting the growing product demand.
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The players in the market include General Electric Co., United Technologies Corp., and Axiom Materials, Inc. These players are adopting several strategies to expand market share and gain a competitive advantage over their competitors.
Market Segmentation
US CMC Market by Product Type
• Silicon Carbide Reinforced Silicon Carbide
• Oxides/Oxides
• Carbon/Carbon Composites
• Others (SIC/C)
US CMC Market by End-Use Industry
• Automotive
• Aerospace & Defense
• Energy & Power
• Electrical & Electronics
Company Profiles
• 3M Co.
• Applied Thin Films, Inc.
• Axiom Materials, Inc.
• Bullen Ultrasonics
• CeramTec GmbH
• COI Ceramics, Inc.
• CoorsTek, Inc.
• General Electric Co.
• Lancer Systems
• Touchstone Advanced Composites (TAC)
• Ultramet, Inc.
• United Technologies Corp.
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