Ceramic Matrix Composites Market - By Matrix Material (Oxide-Based CMCs, Non-Oxide-Based CMCs), By Fiber Type (Continuous Fiber, Discontinuous/SiC Whisker, By End-Use (Aerospace & Defense, Automotive, Energy & Power, Industrial) & Forecast, 2023 – 2032

Ceramic Matrix Composites Market Size

Ceramic Matrix Composites Market was valued at around USD 11.8 billion in 2022 and is projected to grow at a CAGR of over 10.3% between 2023 and 2032. Ceramic matrix composites present unique features of high temperature resistance and light weight, which have been driving the steady growth of corresponding market. The use of these materials is becoming more common in airplanes and military engines with parts providing greater fuel efficiency.
 

Additionally, the automobile sector uses them as a way of improving fuel efficiency while reducing the pollution produced. Another factor driving growth is the increasing need for energy efficiency in different fields. The ceramic matrix composites industry might experience continued growth as the technology develops, while production processes become cheaper, aided by developments in material science and widening industry applications.

High production costs in the global ceramic matrix composites market pose a significant challenge, as the intricate manufacturing processes and costly raw materials can limit widespread adoption, making ceramic matrix composites (CMCs) less cost-competitive in certain applications.
 

COVID-19 Impact

The commencement of the COVID-19 pandemic, this global CMC market was hit by the supply chain issues accompanied with a decrease in demand both in aerospace and transportation segments. Although the market gradually recovers driven by demand of lightweight, high-performance materials across many application areas including energy and defense domains.
 

Ceramic Matrix Composites Market Trends

Ceramic matrix composites are highly effective materials used in industries such as aerospace and defense because they are lightweight and resist high temperatures. Also, auto industries use ceramic matrix composites (CMC) in efforts of boosting fuel efficiency. The environmental concern also fuels the demand of energy efficient alternatives. This enhances ceramic matrix composites (CMC) applications in addition. With continuous research and improvements in production techniques on one hand, while at the same time more widely using them in the emerging industries such as electronics and industrial applications on the other hand, shape up the market future for ceramic matrix composites (CMCs).
 

Ceramic Matrix Composites Market Analysis

Based on matrix material, the market is segmented as Oxide-based CMCs, and Non-oxide-based CMCs. Non-oxide-based CMCs held a majority market value of USD 8.2 billion in 2022. The trends in the oxide and non-oxide CMC market differ in the CMC (Ceramic Matrix Composites) market. Thermally stable oxide-based CMCs that are widely used in such high temperature applications are referred to as ceramic matrix composites. The strongest non-oxide CMCs such as SiC are common in the aerospace industry. Both are driven by the trend towards lightweight, high-temperature materials, each application pulling at a particular segment of the highly active composite material market.
 

Based on fiber type, the market is segmented as Continuous Fiber, and Discontinuous/SiC Whisker. Continuous Fiber segment held a dominant market share of around 75% in 2022 and is expected to grow at a lucrative pace till 2032. These include the continuous fibers carbon-matrix composites which are superior in strength and thermal conductivity thus preferable in the aerospace and defense operations. On the other hand, Discontinuous/SiC Whisker CMCs are gaining ground among low-cost applications such as the automotive industry. This shows equilibrium of high performance versus affordability depending on an application. In demanding environment, it is still important continuous fibre CMCs whereas for applications that put more emphasis on low cost and less drastic decrease on performance Discontinuous/SiC Whisker CMCs are considered.
 

Based on end-use, the market segmented as aerospace & defense, automotive, energy & power, industrial, and others. In the end-use segment, the aerospace & defense holds the dominant share in the ceramic matrix composites market. CMCs are increasingly being used in the aerospace and defense industry as material for engine components boosting energy utilization while decreasing mass. This is the essence of automotive applications, which focus on fuel-economy and emission reduction. These are important in the high temperature applications in gas turbines which includes energy and power industry among others. The CMC market is fueled by research and development across all three sectors and a joint approach is adopted for the purpose.
 

U.S. dominated the North American region with majority market share and a revenue of USD 3.5 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The Ceramic Matrix Composites (CMC) market in the US is growing strong due to significant demand from the aerospace and defense sector for the lightweight and high performance properties provided through CMC products. Fuel efficiency is driving growth in automotive applications. Moreover, development of green and affordable manufacturing processes along with new applications in the country’s energy and electronics sectors are further catalyzing market growth in the U.S.
 

Ceramic Matrix Composites Market Share

Major players operating in the ceramic matrix composites industry include:

• General Electric Company
• Rolls-Royce plc
• COI Ceramics, Inc.
• Morgan Advanced Materials
• Applied Thin Films, Inc.
• Ultramet
• CoorsTek, Inc.
• Kyocera Corporation
• SGL Carbon SE
• CeramTec GmbH
• Lancer Systems
• Starfire Systems, Inc.
• Renegade Materials Corporation
• Ube Industries, Ltd.
• Reinhold Industries, Inc.

General Electric Company, and Rolls-Royce plc have captured substantial market shares in the Asia pacific market, driven by companies in the Asia-Pacific region, driven by the surging demand for ceramic matrix composites products, particularly in China and India. The Asia-Pacific region, the world's largest ceramic matrix composites industry, is poised for continued growth due to rapid economic development, urbanization, and increasing demand across industries such as nuclear power, chemicals, ceramics, and aerospace. As leading producers, General Electric Company, and Rolls-Royce plc are well-positioned to cater to this escalating demand in the region.
 

Ceramic Matrix Composites Industry News

• In July 2020, Axiom material, has received a license from the Japan Science and Technology Agency (JST) and the National Institute of Technology and Evaluation (NITE) to expand its operations or involvement in the production of c/SiC (carbon fiber-reinforced silicon carbide) and SiC/SiC (silicon carbide-reinforced silicon carbide) composite intermediates. These composite materials are likely being used for various applications, such as in aerospace, defense, or high-performance engineering.
   
• In February 2019, The National Composites Centre (NCC) in the UK and SGL Carbon have established a collaborative partnership to co-create advanced composite technologies across various sectors, including aerospace, transportation, and oil & gas. One key focus of this collaboration is enhancing the efficiency of material usage for both primary and secondary structural components in these applications.
   

Ceramic matrix composites market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Kilo Tons from 2018 to 2032, for the following segments:

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By Matrix Material

• Oxide-based CMCs
• Non-oxide-based CMCs

By Fiber Type

• Continuous Fiber
• Discontinuous/SiC Whisker

By End-Use

• Aerospace & Defense
• Automotive
• Energy & Power
• Industrial
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Thailand 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE