North American ceramic matrix composites (CMCs) market is expected to grow at a CAGR of 8.6% during the forecast period. North America held the largest share of 35.9% in the global CMC market in 2018. The market growth in the region is primarily driven by the high production of aircraft engines and high manufacturing capital in aerospace & defense, coupled with the presence of several small-to-large players in the region. Further, the presence of major aircraft players in the region is offering potential growth opportunities for the market in the region. Along with the presence of major aircraft players, the region significantly invests in military expenditure which as a result, is supporting the market growth. The US and Canada being the major economies of North America spend a substantial amount of the GDP on the military and defense. For instance, as per the Stockholm International Peace Research Institute (SIPRI), the US invested $649 billion in its military spending in 2018.
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Some crucial players in the market include General Electric Co., United Technologies Corp., and Axiom Materials, Inc. These players are focusing on R&D operations for CMC applications in several industries. For instance, GE is expanding its CMC production facility to meet the growing demand for jet engines. In March 2018, GE Aviation declared that it is investing an additional $105 million in its Asheville, North Carolina, production facility to meet the growing demand for the CMC components manufactured at the plant. The company won the orders for their next-generation engines such as the GE9X and the CFM LEAP. As part of the investment, the company aims to increase its workforce that will support the development of next-generation engines.

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North American 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

Company Profiles

• 3M Co.
• CeramTec GmbH
• General Electric Co.
• Rolls-Royce plc
• Safran Group
• SGL Carbon SE

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