Ceramic Matrix Composites Market Report 2025

The ceramic matrix composites market size has grown rapidly in recent years. It will grow from $7.63 billion in 2024 to $8.4 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to increasing demand for consumer electronics, strong economic growth in emerging markets, a rise in disposable income, and increased demand for air travel.

The ceramic matrix composites market size is expected to see rapid growth in the next few years. It will grow to $13.35 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to the high demand for lightweight automobiles, increasing demand for electric vehicles, increasing demand for portable electronic devices using ceramic matrix composites, and increasing demand from the medical industry. Major trends in the forecast period include focus on technological advancement, focus on partnerships and collaborations, focus on 3d printing technology, focus on creating new, innovative solutions, focus on R&D activities, and focus on manufacturing geopolymer matrix composites.

The rising global demand for lightweight automobiles is fueling the growth of the ceramic matrix composites market. As the demand for lightweight electric vehicles increases, automakers are shifting their focus to lightweight composite materials as alternatives to heavier steel and iron in vehicle manufacturing. For example, in February 2023, CEIC Data, a China-based data and analytics provider, reported that motor vehicle production in the United States reached 10.61 million units, up from 10.05 million units in December 2022, reflecting a year-over-year growth of approximately 5.56% in vehicle production. Thus, the strong demand for lightweight automobiles is expected to drive the ceramic matrix composites market.

The increasing demand for electric vehicles is anticipated to have a positive effect on the ceramic matrix composites market. These materials are being increasingly utilized in hybrid vehicles, as they exhibit significant potential for application in both electric and hybrid models. The primary advantages of ceramic matrix composites in the automotive sector include weight reduction, leading to fuel savings, and, in the case of electric vehicles, extended driving ranges before recharging. For instance, in October 2024, the Edison Electric Institute (EEI), a US-based association representing investor-owned electric companies, projected that the number of electric vehicles (EVs) on U.S. roads would rise to 78.5 million by 2035, up from 4.5 million at the end of 2023, accounting for over 26% of the anticipated 300 million total vehicles. Therefore, the growing demand for electric vehicles will drive the expansion of the ceramic matrix composites market.

Leading companies in the ceramic matrix composites market are increasingly adopting high-performance technologies, such as carbon fiber-reinforced ceramic matrix composites, to gain a competitive advantage by offering lightweight and durable materials for high-performance applications. Carbon fiber-reinforced ceramic matrix composites (C/C CMCs) merge the lightweight and high-strength characteristics of carbon fibers with the high-temperature resistance and durability of ceramic matrices, making them well-suited for demanding applications in aerospace, defense, and industrial sectors. For example, in August 2024, Arceon, a technology company based in the Netherlands, introduced Carbeon C/C-SiC ceramic matrix composites designed for high-performance use in space, defense, and industry. These advanced materials are specifically engineered for challenging environments, including rocket nozzles and components for the International Space Station (ISS). The Carbeon composites are built to withstand extreme temperatures, radiation, and vacuum conditions, making them ideal for next-generation aerospace applications.

Key players in the ceramic matrix composites sector are focused on developing innovative solutions, such as ultra-high temperature ceramic matrix composites (CMCs), to enhance their market position. For instance, in August 2022, Lockheed Martin Corporation, a US-based manufacturer in defense and aerospace, expanded its development and production capabilities for ultra-high temperature ceramic matrix composites (CMCs) through facility upgrades. The Allcomp team at Lockheed Martin Skunk Works is enhancing and digitizing its capabilities for fabricating CMC materials and components, targeting the current and future needs of hypersonic and aeronautic applications. Research and production of ultra-high temperature CMCs, which can endure melting points of 2,500°C (4,532°F) or higher, have varied over the years due to fluctuating demand for hypersonic defense systems and space launch vehicles. Lockheed Martin is prioritizing investments and advancements in UHT materials to fulfill the ongoing and future requirements for CMCs from the U.S. Department of Defense (DOD) and other aerospace and space applications.

In January 2022, JGC Holdings Corporation, a Japan-based engineering company, acquired ceramic composite products from Showa Denko Materials Co., Ltd. The undisclosed transaction was aimed at enhancing JGC Holdings' existing portfolio by integrating SDMC's products, focusing on high-density silicon carbide ceramics, alumina ceramics, and zirconia-toughened alumina ceramics. These materials are crucial in applications such as coolant pump seals for automotive engines, demanding precise positioning. Showa Denko Materials Co., Ltd. is a Japanese company known for its expertise in material technology, specializing in the development and commercialization of chemical products across various industries.

Major companies operating in the ceramic matrix composites market include 3M Company, General Electric Company, CeramTec GmbH, Coorstek, Inc., Kyocera Corporation, Ube Industries Ltd, SGL Carbon Company, Rolls-Royce plc, Applied Thin Films Inc, Ultramet, CFC Carbon Co. Ltd, Karbon composites & Technology Co Ltd, Neo Carbon Fiber, China Composites Group Corp Ltd, DJT Carbon Co Ltd, ZhongAo Carbon, Tasuns Composite Technology, Zhejiang Xinchor Technology Co Ltd, HangFung Technology, Sichuan Chang Yang Composites Company Limited, ShenZhen RuiTai Carbon, Dongguan Roche Industrial Co. Ltd, Safran, Cemacon, Ceramica S.A, COI Ceramics, Axiom Materials Inc., Raytheon Technologies, Lancer Systems, United Technologies.

North America will be the largest region in the ceramic matrix composites market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the ceramic matrix composites market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ceramic matrix composites market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Ceramic matrix composites represent a distinctive composite material featuring both the matrix and reinforcement (refractory fibers) made of ceramic. This material involves a ceramic matrix blended with a dispersed ceramic phase, enhancing mechanical strength and toughness compared to traditional ceramics.

Key types of ceramic matrix composites include oxide/oxide, carbon/silicon carbide, carbon/carbon, and silicon carbide/silicon carbide. These composites are categorized as short fiber, long continuous fiber, and whiskers. Various production methods such as powder dispersion, reactive melt infiltration, polymer impregnation, and pyrolysis, gaseous infiltration, chemical vapor infiltration, sol-gel, among others, are utilized. These advanced materials find applications across industries such as aerospace and defense, automotive, transportation, energy, electrical and electronic, and others.

The ceramic matrix composites research report is one of a series of new reports that provides Ceramic matrix composites statistics, including Ceramic matrix composites industry global market size, regional shares, competitors with Ceramic matrix share, detailed Ceramic matrix composites segments, market trends and opportunities, and any further data you may need to thrive in the Ceramic matrix industry. This Ceramic matrix composites research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The ceramic matrix composites market consists of sales of alumina, mullite, polymer matrix composites, ceramic matrix composites, and metal matrix composites. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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