The global ceramic matrix composites market size reached US$ 11.0 billion in 2023. The market is projected to reach US$ 24.2 billion by 2032, exhibiting a growth rate (CAGR) of 9.21% during 2023-2032. Significant expansion in the automotive industry, extensive research and development (R&D) activities, and the widespread product utilization in high-speed mechanical components represent some of the key factors driving the market.
Ceramic matrix composites (CMCs) are advanced composite materials made of ceramic fibers embedded in a ceramic matrix structure. Silicon carbide reinforced silicon carbide (SIC/SIC), carbon-reinforced carbon (C/C), and oxide-oxide (Ox/Ox) are some of the commonly used CMCs. They are widely used in gas turbines, structural re-entry thermal protection, heat exchangers, and fusion reactor walls. As compared to traditional material composites, CMCs are lightweight, can withstand higher temperatures, have high chemical stability, and are resistant to everyday wear and tear. They also exhibit excellent stiffness, high thermal shock resistance, non-magnetic and non-conductive properties, and mechanical, thermal, dimensional, and chemical stability. As a result, CMCs find extensive applications across the automotive, electrical, electronics, and power generation industries.
Ceramic matrix composites (CMCs) are advanced composite materials made of ceramic fibers embedded in a ceramic matrix structure. Silicon carbide reinforced silicon carbide (SIC/SIC), carbon-reinforced carbon (C/C), and oxide-oxide (Ox/Ox) are some of the commonly used CMCs. They are widely used in gas turbines, structural re-entry thermal protection, heat exchangers, and fusion reactor walls. As compared to traditional material composites, CMCs are lightweight, can withstand higher temperatures, have high chemical stability, and are resistant to everyday wear and tear. They also exhibit excellent stiffness, high thermal shock resistance, non-magnetic and non-conductive properties, and mechanical, thermal, dimensional, and chemical stability. As a result, CMCs find extensive applications across the automotive, electrical, electronics, and power generation industries.
Ceramic Matrix Composites Market Trends
Significant expansion in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. CMCs are widely used in automotive applications due to their high tensile strength and tolerance to high temperatures. In line with this, manufacturers are focusing on replacing heavy steel and iron in automobiles with lightweight composite materials, which, in turn, is favoring the market growth. Moreover, the widespread product adoption in the aerospace sector to create parts for aircraft, including engine nozzles, nose caps, tail cones, fins, rudders, leading edges, body flaps, and panels, is acting as another growth-inducing factor. Apart from this, the development of novel multifunctional CMC with the use of nanoscience and nanotechnology to improve its properties, toughness, and electrical conductivity is providing an impetus to the market growth. Additionally, the increasing application of CMCs in electronic circuits due to their high thermal conductivity is propelling the market growth. Furthermore, the widespread product adoption in LED, laser diodes, artificial teeth, and fuel cells is positively influencing the market growth. Besides this, the rising product demand for manufacturing infrared domes, sensor protection, and multi-spectral windows as their excellent impact strength coupled with high hardness makes these composites suitable for producing bullet-proof armor and insulation in small arms weapons platforms, which, in turn, is driving the market growth. Other factors, such as extensive research and development (R&D) activities, widespread product utilization in high-speed mechanical components and power transmission lines, and the implementation of various government initiatives to upgrade defense equipment are supporting the market growth.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global ceramic matrix composites market, along with forecasts at the global, regional, and country levels from 2023-2032. The report has categorized the market based on composite type, fiber type, fiber material and application.Composite Type Insights:
- Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
- Carbon Reinforced Carbon (C/C)
- Oxide-Oxide (Ox/Ox)
- Others
Fiber Type Insights:
- Short Fiber
- Continuous Fiber
Fiber Material Insights:
- Alumina Fiber
- Refractory Ceramic Fiber (RCF)
- SiC Fiber
- Others
Application Insights:
- Aerospace and Defense
- Automotive
- Energy and Power
- Electricals and Electronics
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global ceramic matrix composites market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 3M Company, Applied Thin Films Inc., Axiom Materials Inc., CeramTec GmbH, COI Ceramics Inc., CoorsTek Inc., Lancer Systems LP, SGL Carbon SE, Specialty Materials Inc. (Global Materials LLC), Starfire Systems Inc., Ultramet, etc.Key Questions Answered in This Report:
- How has the global ceramic matrix composites market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global ceramic matrix composites market?
- What is the impact of each driver, restraint, and opportunity on the global ceramic matrix composites market?
- What are the key regional markets?
- Which countries represent the most attractive ceramic matrix composites market?
- What is the breakup of the market based on the composite type?
- Which is the most attractive composite type in the ceramic matrix composites market?
- What is the breakup of the market based on the fiber type?
- Which is the most attractive fiber type in the ceramic matrix composites market?
- What is the breakup of the market based on the fiber material?
- Which is the most attractive fiber material in the ceramic matrix composites market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the ceramic matrix composites market?
- What is the competitive structure of the global ceramic matrix composites market?
- Who are the key players/companies in the global ceramic matrix composites market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Ceramic Matrix Composites Market
6 Market Breakup by Composite Type
7 Market Breakup by Fiber Type
8 Market Breakup by Fiber Material
9 Market Breakup by Application
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- Applied Thin Films Inc.
- Axiom Materials Inc.
- CeramTec GmbH
- COI Ceramics Inc.
- CoorsTek Inc.
- Lancer Systems LP
- SGL Carbon SE
- Specialty Materials Inc. (Global Materials LLC)
- Starfire Systems Inc.
- Ultramet
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 11 Billion |
| Forecasted Market Value ( USD | $ 24.2 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
