Ceramic Matrix Composites Market Report
RA08824
Ceramic Matrix Composites Market by Product (Oxides, Carbon, Silicon Carbide, and Others), Application (Aerospace, Defense, Electrical & Electronics, Energy & Power, and Others), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Ceramic Matrix Composites Overview
Advanced materials known as ceramic matrix composites (CMCs) combine ceramic fibres or particles with a ceramic matrix to create composite structures. CMCs are appealing for a variety of applications due to their special combination of qualities, especially in high-temperature and high-performance situations. Ceramic fibres or particles and a ceramic matrix make up the two primary parts of CMCs. High strength and stiffness are provided by the fibres or particles, which are often formed of materials like silicon carbide (SiC), silicon nitride (Si3N4), or alumina (Al2O3). The ceramic matrix keeps the fibres or particles together, transfers load, and offers environmental protection. It is frequently made of the same or a similar ceramic material.
Global Ceramic Matrix Composites Market Analysis
The global ceramic matrix composites market size was $3,451.0 million in 2022 and is predicted to grow with a CAGR of 12.9%, by generating a revenue of $11,545.7 million by 2032.
COVID-19 Impact on Global Ceramic Matrix Composites Market
The pandemic disrupted the global supply chains, which had an impact on the availability of the raw ingredients, parts, and machinery needed to make CMCs. Travel restrictions, lockdown procedures, and decreased manufacturing activity around the world caused delays in the supply of vital material, which had an impact on the production capacity and delivery schedules of CMCs.
There will be an upsurge in demand for lightweight, high-temperature-resistant materials like CMCs when air travel slowly resumes and the aircraft industry recovers. With CMCs, key components like turbine blades and aviation engines may operate better, use less fuel, and emit fewer emissions.
High-Temperature Performance to Drive the Market Growth
The extraordinary high-temperature performance of CMCs is one of the main factors in their development. Extreme temperatures don't cause CMCs to lose much of their strength or structural integrity. They are therefore perfect for uses in fields where components must withstand high temperatures, including aircraft, gas turbines, and automobile engines. Because of their superior thermal and chemical stability, CMCs can resist challenging operating conditions. They outperform metals and monolithic ceramics in terms of resistance to thermal stress, oxidation, and corrosion. Due to their suitability for applications in situations with high degrees of thermal cycling, chemical exposure, and extreme temperatures, CMCs are predicted to be high in demand.
Cost of Production to Restrain Market Growth
Ceramic matrix composites can be more expensive to produce than conventional materials like metals and polymers. The manufacturing of CMCs might involve intricate procedures requiring specialised tools and knowledge, such as chemical vapour infiltration (CVI) and polymer impregnation and pyrolysis (PIP). The broad adoption of CMCs may be constrained by their high production costs, particularly in cost-sensitive businesses. The cost and accessibility of the raw materials needed to make CMCs, such as ceramic fibres and matrices, can be a barrier. Some of these basic materials can be difficult to produce and are not always as readily available as traditional commodities.
Aerospace Applications to Drive Excellent Opportunities
For CMCs, the aerospace sector represents a significant growth area. CMCs can be employed in thermal protection systems, engine shrouds, and turbine blades. Their high-temperature stability, light weight, and durability can help aviation engines run more efficiently, emit fewer pollutants, and perform better. Additionally, CMCs have the opportunity for unique design configurations that could result in more sophisticated and effective aerospace systems. CMCs are well suited for use in chemical processing industries because of their strong resilience to high temperatures and corrosion. Equipment like heat exchangers, catalyst supports, and combustion chambers can all make use of them. CMCs can survive harsh chemical exposures and offer prolonged service life in difficult circumstances, thereby resulting in cost savings and increased operational effectiveness.
Global Ceramic Matrix Composites Market Share, by Product, 2022
The oxides sub-segment accounted for the highest share in 2022. Due to the remarkable thermal stability of oxide materials like alumina, mullite, and zirconia, CMCs can tolerate high temperatures without suffering considerable deterioration. In applications involving exposure to intense heat or fast temperature changes, such as gas turbines, aerospace components, and thermal barrier coatings, this is especially advantageous. The popularity of oxide-based CMCs in such high-temperature situations is largely due to their capacity to maintain their mechanical characteristics and structural integrity at high temperatures. Oxide-based CMCs have the benefit of allowing their properties to be customised by changing their composition, microstructure, and manufacturing processes. Properties can be tailored to satisfy particular application requirements by adding dopants or stabilisers, such yttria in yttria-stabilized zirconia (YSZ). Oxide-based CMCs are used in a variety of sectors and applications due to their adaptability to modification and optimisation.
Global Ceramic Matrix Composites Market Share, by Application, 2022
The aerospace sector accounted for the highest market size in 2022. When used in aerospace applications, CMCs can resist high temperatures and have great thermal stability. Due of their low thermal expansion coefficients, they can continue to be structurally sound even in conditions of intense heat. When temperatures suited for conventional materials like metals and polymers are exceeded, CMCs can still function. In hot areas of gas turbine engines, such as turbine blades, combustors, and nozzle components, where high-temperature performance is essential, they are therefore perfect. CMCs have special benefits for gas turbine engines utilised in the aerospace industry. Because CMC components are lightweight, engines may spin up more quickly and achieve greater RPMs. As a result, the engine accelerates more quickly and responds better. Furthermore, CMCs' capacity to tolerate high temperatures without experiencing considerable thermal expansion helps to produce tighter tolerances, which lowers air leakage and boosts engine performance. These elements result in improved overall engine performance, less emissions, and increased fuel efficiency.
Global Ceramic Matrix Composites Market Share, by Region, 2022
North America held the highest market share in the ceramic matrix composites market in 2022. The aerospace sector is thriving in North America, especially in the United States, where there are many significant suppliers, manufacturers, and research facilities for the industry. The need for CMCs is being driven by the aerospace industry, one of the main consumers of these materials. The region's emphasis on innovative technology and aerospace applications is what drives the market for CMCs to grow. The market for CMCs is significantly impacted by the North American defence and military industries. Due to its lightweight, high-strength, and high-temperature performance qualities, CMCs are widely utilised in military aircraft, missile systems, and defence equipment. The demand for CMCs in defence applications is influenced by the region's defence spending and ongoing modernization initiatives.
Competitive Scenario in the Global Ceramic Matrix Composites Market
Merger & acquisitions and geographic expansion are major players functioning in the highly competitive global ceramic matrix composites market.
Some of the leading ceramic matrix composites market players are 3M Company, Kyocera Corporation, COI Ceramics, Inc., Coorstek, Inc., General Electric Company, Ultramet, Inc., Lancer Systems LP, Ube Industries, Ltd., and SGL Carbon Company.
| Aspect | Particulars |
| Historical Market Estimations | 2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Product |
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| Segmentation by Application |
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| Key Companies Profiled |
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Q1. What is the size of the ceramic matrix composites market?
A. The size of the ceramic matrix composites market was over $3,451.0 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.9% during the forecast period.
Q2. Which are the major companies in the ceramic matrix composites market?
A. General Electric Company and Kyocera Corporation are some of the key players in the global ceramic matrix composites market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The North America region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Merger & acquisition and geographic expansion are the two key strategies opted by the operating companies in this market.
Q5. Which companies are investing more on R&D practices?
A. General Electric Company and Kyocera Corporation are the companies investing more on R&D activities for developing new products and technologies.
1. Research Methodology
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
2. Report Scope
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on global ceramic matrix composites market
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive Rivalry Intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on ceramic matrix composites market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
5. Ceramic Matrix Composites Market Analysis, By Product
5.1. Overview
5.2. Oxides
5.2.1. Definition, key trends, growth factors, and opportunities
5.2.2. Market size analysis, by region, 2022-2032
5.2.3. Market share analysis, by country, 2022-2032
5.3. Carbon
5.3.1. Definition, key trends, growth factors, and opportunities
5.3.2. Market size analysis, by region, 2022-2032
5.3.3. Market share analysis, by country, 2022-2032
5.4. Silicon Carbide
5.4.1. Definition, key trends, growth factors, and opportunities
5.4.2. Market size analysis, by region, 2022-2032
5.4.3. Market share analysis, by country, 2022-2032
5.5. Others
5.5.1. Definition, key trends, growth factors, and opportunities
5.5.2. Market size analysis, by region, 2022-2032
5.5.3. Market share analysis, by country, 2022-2032
5.6. Research Dive Exclusive Insights
5.6.1. Market attractiveness
5.6.2. Competition heatmap
6. Ceramic Matrix Composites Market Analysis, by Application
6.1. Overview
6.2. Aerospace
6.2.1. Definition, key trends, growth factors, and opportunities
6.2.2. Market size analysis, by region, 2022-2032
6.2.3. Market share analysis, by country, 2022-2032
6.3. Defense
6.3.1. Definition, key trends, growth factors, and opportunities
6.3.2. Market size analysis, by region, 2022-2032
6.3.3. Market share analysis, by country, 2022-2032
6.4. Electrical & Electronics
6.4.1. Definition, key trends, growth factors, and opportunities
6.4.2. Market size analysis, by region, 2022-2032
6.4.3. Market share analysis, by country, 2022-2032
6.5. Energy & Power
6.5.1. Definition, key trends, growth factors, and opportunities
6.5.2. Market size analysis, by region, 2022-2032
6.5.3. Market share analysis, by country, 2022-2032
6.6. Others
6.6.1. Definition, key trends, growth factors, and opportunities
6.6.2. Market size analysis, by region, 2022-2032
6.6.3. Market share analysis, by country, 2022-2032
6.7. Research Dive Exclusive Insights
6.7.1. Market attractiveness
6.7.2. Competition heatmap
7. Ceramic Matrix Composites Market, by Region
7.1. North America
7.1.1. U.S.
7.1.1.1. Market size analysis, by Product, 2022-2032
7.1.1.2. Market size analysis, by Application, 2022-2032
7.1.2. Canada
7.1.2.1. Market size analysis, by Product, 2022-2032
7.1.2.2. Market size analysis, by Application, 2022-2032
7.1.3. Mexico
7.1.3.1. Market size analysis, by Product, 2022-2032
7.1.3.2. Market size analysis, by Application, 2022-2032
7.1.4. Research Dive Exclusive Insights
7.1.4.1. Market attractiveness
7.1.4.2. Competition heatmap
7.2. Europe
7.2.1. Germany
7.2.1.1. Market size analysis, by Product, 2022-2032
7.2.1.2. Market size analysis, by Application, 2022-2032
7.2.2. UK
7.2.2.1. Market size analysis, by Product, 2022-2032
7.2.2.2. Market size analysis, by Application, 2022-2032
7.2.3. France
7.2.3.1. Market size analysis, by Product, 2022-2032
7.2.3.2. Market size analysis, by Application, 2022-2032
7.2.4. Spain
7.2.4.1. Market size analysis, by Product, 2022-2032
7.2.4.2. Market size analysis, by Application, 2022-2032
7.2.5. Italy
7.2.5.1. Market size analysis, by Product, 2022-2032
7.2.5.2. Market size analysis, by Application, 2022-2032
7.2.6. Rest of Europe
7.2.6.1. Market size analysis, by Product, 2022-2032
7.2.6.2. Market size analysis, by Application, 2022-2032
7.2.7. Research Dive Exclusive Insights
7.2.7.1. Market attractiveness
7.2.7.2. Competition heatmap
7.3. Asia-Pacific
7.3.1. China
7.3.1.1. Market size analysis, by Product, 2022-2032
7.3.1.2. Market size analysis, by Application, 2022-2032
7.3.2. Japan
7.3.2.1. Market size analysis, by Product, 2022-2032
7.3.2.2. Market size analysis, by Application, 2022-2032
7.3.3. India
7.3.3.1. Market size analysis, by Product, 2022-2032
7.3.3.2. Market size analysis, by Application, 2022-2032
7.3.4. Australia
7.3.4.1. Market size analysis, by Product, 2022-2032
7.3.4.2. Market size analysis, by Application, 2022-2032
7.3.5. Indonesia
7.3.5.1. Market size analysis, by Product, 2022-2032
7.3.5.2. Market size analysis, by Application, 2022-2032
7.3.6. Rest of Asia-Pacific
7.3.6.1. Market size analysis, by Product, 2022-2032
7.3.6.2. Market size analysis, by Application, 2022-2032
7.3.7. Research Dive Exclusive Insights
7.3.7.1. Market attractiveness
7.3.7.2. Competition heatmap
7.4. LAMEA
7.4.1. Brazil
7.4.1.1. Market size analysis, by Product, 2022-2032
7.4.1.2. Market size analysis, by Application, 2022-2032
7.4.2. UAE
7.4.2.1. Market size analysis, by Product, 2022-2032
7.4.2.2. Market size analysis, by Application, 2022-2032
7.4.3. South Africa
7.4.3.1. Market size analysis, by Product, 2022-2032
7.4.3.2. Market size analysis, by Application, 2022-2032
7.4.4. Argentina
7.4.4.1. Market size analysis, by Product, 2022-2032
7.4.4.2. Market size analysis, by Application, 2022-2032
7.4.5. Rest of LAMEA
7.4.5.1. Market size analysis, by Product, 2022-2032
7.4.5.2. Market size analysis, by Application, 2022-2032
7.4.6. Research Dive Exclusive Insights
7.4.6.1. Market attractiveness
7.4.6.2. Competition heatmap
8. Competitive Landscape
8.1. Top winning strategies, 2022
8.1.1. By strategy
8.1.2. By year
8.2. Strategic overview
8.3. Market share analysis, 2022
9. Company Profiles
9.1. 3M Company
9.1.1. Overview
9.1.2. Business segments
9.1.3. Product portfolio
9.1.4. Financial performance
9.1.5. Recent developments
9.1.6. SWOT analysis
9.2. Kyocera Corporation
9.2.1. Overview
9.2.2. Business segments
9.2.3. Product portfolio
9.2.4. Financial performance
9.2.5. Recent developments
9.2.6. SWOT analysis
9.3. COI Ceramics, Inc.
9.3.1. Overview
9.3.2. Business segments
9.3.3. Product portfolio
9.3.4. Financial performance
9.3.5. Recent developments
9.3.6. SWOT analysis
9.4. Coorstek, Inc.
9.4.1. Overview
9.4.2. Business segments
9.4.3. Product portfolio
9.4.4. Financial performance
9.4.5. Recent developments
9.4.6. SWOT analysis
9.5. General Electric Company
9.5.1. Overview
9.5.2. Business segments
9.5.3. Product portfolio
9.5.4. Financial performance
9.5.5. Recent developments
9.5.6. SWOT analysis
9.6. Ultramet, Inc.
9.6.1. Overview
9.6.2. Business segments
9.6.3. Product portfolio
9.6.4. Financial performance
9.6.5. Recent developments
9.6.6. SWOT analysis
9.7. Lancer Systems LP
9.7.1. Overview
9.7.2. Business segments
9.7.3. Product portfolio
9.7.4. Financial performance
9.7.5. Recent developments
9.7.6. SWOT analysis
9.8. Ube Industries Ltd.
9.8.1. Overview
9.8.2. Business segments
9.8.3. Product portfolio
9.8.4. Financial performance
9.8.5. Recent developments
9.8.6. SWOT analysis
9.9. SGL Carbon Company
9.9.1. Overview
9.9.2. Business segments
9.9.3. Product portfolio
9.9.4. Financial performance
9.9.5. Recent developments
9.9.6. SWOT analysis
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