Ceramic Matrix Composites Market Report

Market Insights

"The global ceramic matrix composites market was estimated to grow from US$ 8.65 billion in 2021 to US$ 18.02 billion by 2028 and is likely to grow at a CAGR of 11.09% over the next five years."

Want to get a free sample? Register Here

Ceramic composites are composites of ceramic matrix having ceramic fibers as reinforcement. They are mainly characterized by the ability to overcome the brittleness of conventional ceramic materials through the addition of reinforcing fibers that can be carbon, silicon carbide, alumina or any other ceramic. In comparison with monoliths the CMCs have better strength, thermal shock resistance and thermal stability at high temperatures.

Increasing demand for advanced lightweight materials in the aerospace & defense and automotive industries to enhance fuel efficiency and to reduce carbon emissions, increasing production rates of key aircraft programs, and development of new ceramic matrix composite applications.

Since in fields such as the aerospace industry, automotive industry, and energy industry, there is a need for lightweight materials that are strong, the demand for CMC continues to grow. It is important to highlight some of the key issues such as thermal conductivity, chemical resistance and abrasion resistance where it can be exposed to harsh environments. Market growth also depends on recent progress and new technologies in manufacturing processes as well as the development of new CMCs. It has been noted that CMCs capable of reducing the weight of automobiles and aircraft on the market have been on the rise. There are also other factors that can deter the development of the market such as high pricing as well as the need for a particular manufacturing procedure.

Segment Analysis

Product Trends

"The carbon segment accounted for the largest market share."

The market is segmented based on product type as oxide/oxide, silicon carbide/silicon carbide, carbon/carbon, and others. Carbon is expected to remain the most dominant product type over the next five years, driven by its excellent properties, such as high-temperature resistance, low coefficient of thermal expansion, wear resistance, corrosion resistance, and hardness.

Carbon is preferred in a wide array of industries including aerospace & defense and automotive. Brakes, nose cone, and wing leading edges are some of the key carbon applications in the aerospace & defense industry. Silicon carbide is projected to witness the highest growth for the same period, driven by the development of new applications in aircraft engines, such as low-pressure turbine blades and turbine shrouds.

End-use Trends

"The aerospace & defense industry segment accounted for the largest market share."

The market is segmented based on end-use industries such as aerospace & defense, transportation, energy, electrical & electronic, and others. The aerospace & defense industry dominates the market and is expected to remain the largest segment over the next five years.

Increasing the use of carbon/carbon brakes by replacing conventional steel brakes, developing of new applications, increasing penetration of ceramic matrix composites in commercial and military aircraft engines, and increasing production rates of key commercial aircraft programs in order to meet huge order backlogs are some of the major drivers contributing to a healthy demand for CMC in the aerospace & defense industries.

Regional Insights

"North America accounted for the largest market share."

North America is expected to remain the largest market for CMCs during the forecast period. High aircraft engine production and manufacturing capital of the aerospace & defense industry with the presence of several small to large players are major growth drivers of the market in North America. The US alone accounted for more than 90% of the North American CMC market and is projected to remain the growth engine of the region.

Asia-Pacific is projected to witness the highest growth in the market during the forecast period, driven by China and India. Increasing efforts for the development of commercial, regional, and military aircraft to become self-sustained, increasing military expenditures, and commencement of assembly plants by both commercial aircraft manufacturers in China will act as key driving factors of the region.

Want to get a free sample? Register Here

Key Players

Some of the ceramic matrix composites manufacturers are:

• 3M
• CeramTec
• COI Ceramics Inc.
• CoorsTek Inc.
• GE Aviation
• Lancer Systems
• Rolls Royce Plc.
• SGL Group
• Ultramet
• United Technologies

Note: The above list does not necessarily include all the top players of the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The market is segmented in the following ways:

By Product Type:

• Oxide/Oxide
• Silicon Carbide/Silicon Carbide
• Carbon/Carbon
• Others

By Reinforcement Type:

• Continuous Fibers
• Short Fibers
• Others

By End-Use Industry Type:

• Aerospace & Defense
• Transportation
• Energy
• Electrical & Electronic
• Medical
• Others

By Region:

• North America (Country Analysis: USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, UK, Russia, and Rest of the Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the world (Country Analysis: Brazil, Argentina, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s ceramic matrix composites market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3)
• SWOT analysis of key players (up to 3)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.