UK Ceramic Matric Composites (CMC) Market Size, Growth and Forecast To 2025


Posted May 23, 2020 by rishabh3210

UK Ceramic Matric Composites (CMC) Market Size, Growth and Forecast To 2025UK Ceramic Matric Composites (CMC) Market Size, Growth and Forecast To 2025

 
UK ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 10.6% during the forecast period. UK is the 3rd largest developed economy in Europe after Germany and France. SST Technology is one of the major companies headquartered in the country working in CMC market. The company manufactures advanced precision fabrications and thermal management systems which can sustain the harsh environment for high tech industries. The company is investing significantly in advanced technologies for applications across industries. For instance, in August 2019, the company has invested in aircraft engine pipe manufacturing and welding capabilities. Manufacturing processes undertaken in-house include precision 5 axis machining, fully controlled CNC pipe bending, automated orbital and manual TIG welding, sheet metal forming and non-destructive testing techniques.

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The newly expanded capability ensures the company can offer a complete end-to-end service. Aviation sector finds a significant market for CMC in the country. As per the World Bank, the country is the third-largest aviation market globally and largest in Europe. Moreover, the country has been witnessing a growth rate in the last decade. As per the World Bank, air passengers in the UK reached to 272 million in 2018. This results in the demand for aircraft which thereby creates a significant opportunity for the CMC components.

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The players operating in the market include SGL Carbon SE, 3M Co., Safran Group, SST Technology, and Rolls Royce Holdings plc. These players are focusing on product launches, mergers and acquisitions, and partnerships and collaborations, to expand market share and gain a competitive advantage over their competitors.

Market Segmentation

UK CMC Market by Product Type

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

UK CMC Market by End-Use Industry

Automotive
Aerospace & Defense
Energy & Power
Electrical & Electronics

Company Profiles

3M Co.
CeramTec GmbH
General Electric Co.
Lucideon Ltd.
Rolls-Royce Holdings plc
Safran Group
SGL Carbon SE
SST Technology
TWI Ltd.

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Issued By Mr. Anurag Tiwari
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Tags uk ceramic matric composites cmc market size , growth and forecast to 2025
Last Updated May 23, 2020