Ceramic Matrix Composites Market

SKU: DMCH669 | Last Updated On: Sep 23 2022 | Available Formats

> Global Ceramic Matrix Composites Market Expected to reach a high CAGR 12.23% By 2029: DataM Intelligence

Global Ceramic Matrix Composites Market is segmented By Product Type (C/C Ceramic Matrix Composites, C/SIC Ceramic Matrix Composites, Oxide/Oxide Ceramic Matrix Composites, SIC/SIC Ceramic Matrix Composites, Others), By Application (Gas Turbine, Burner and Hot Ducts, Bearings, Brake Disk, Others), By End-User (Automotive, Aerospace & Defense, Energy & Power, Electrical & Electronics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The "Ceramic Matrix Composites Market" is expected to grow at a high CAGR of 12.23%  during the forecast period (2022-2029) 

Ceramic matrix composites are a subgroup of composite material and ceramic. These composites consist of ceramic fibers embedded in a ceramic matrix, thus forming a ceramic fiber-reinforced composite material. These materials possess a unique combination of both physical and mechanical properties which include high refractoriness and toughness. These composites are produced by the hot pressing method or sintering method. The key benefits of ceramic matrix composites over other materials include high thermal resistance, hardness, corrosion resistance, and lightweight and non-magnetic. Over years, ceramic matrix companies have gained significant importance in industrial applications due to their high thermal and physical properties over single-phase ceramic materials.

Metrics

Details

Market CAGR

12.23%

Segments Covered

 By Product Type, By Application, By End-User, And By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Market Dynamics

Growing industrial demand for high temperature resistant, low-weight, and density equipment is the primary factor driving the global ceramic matrix composites market. The ceramic matrix composites are majorly used in the production of aero-entry systems, propulsion subsystems, high-temperature radiators, insulations, and coatings. The extensive usage of CMC as an individual material component in the production of brake discs, clutches, and braking systems is another factor driving the global ceramic matrix composites market. The increasing adoption of lightweight composites by electrical vehicle manufacturers is expected to further boost the market of ceramic matrix composites market during the forecast period. Additionally, the growing production of aircraft and the growing addition of CMCs in the production of various subsidiary parts are contributing to the global ceramic matrix composites market. According to General Aviation Manufacturers Association, total airline shipments globally increased from 2,324 units in 2017 to 2,442 units in 2018 is expected to boost the market for CMCs globally.

However, growing environmental regulations and high production costs associated with CMCs are the primary factors hindering the growth of the global ceramic matrix composites market.

Market Segmentation

The global ceramic matrix composites market is segmented on product type into C/C Ceramic Matrix Composites, C/SIC Ceramic Matrix Composites, Oxide/Oxide Ceramic Matrix Composites, SIC/SIC Ceramic Matrix Composites, and Others

Oxide-oxide ceramic matrix composites are dominating the global ceramic matrix composites market owing to growing attention by the industrial players to replace major refractory materials with these composites in the production of high-temperature components in aerospace and advanced energy sectors. Oxide-oxide ceramic matrix composites now have significant application momentum in oxidation-sensitive component applications Lack of availability of effective material alternatives for titanium and the presence of suitable physical and chemical properties with titanium are the primary factors driving the oxide-oxide ceramic matrix composites.

The use of CMC is on the surge, and among the fastest-growing trends in the aerospace industry. These materials have broad advantages in high-pressure zones, including a reliable performance at extreme temperatures up to 1300 degrees C, significant weight savings compared with nickel alloys, and no need for cooling air requirements. CMC offers up to 260 degrees C higher than nickel alloy at one-third the weight. Thus, most aircraft manufacturers are replacing nickel alloys with CMCs in both low-pressure and high-pressure engines. Moreover, increasing aircraft deliveries and demand for fuel-efficient aircraft will further propel the market for CMC in aircraft engines.

Geographical Analysis

By region, the global ceramic matrix composites market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.

North America is dominating the global ceramic matrix composites market owing to the high presence of the automobile and aerospace industry & the growing consumption of CMCs by the respective industries during production. Growing government interests in the utilization of CMCs in the production of high-strength and lightweight equipment for various military and defense applications are additionally contributing to the growth of the ceramic matrix composites market in North America. Growing usage of CMCs in manufacturing protective/shielding equipment for electric vehicles and growing sales of e-vehicles across the United States is additionally driving the North American ceramic matrix composites market.

Competitive Analysis

The global ceramic matrix composites market is consolidated with a few international players. The significant market share is held by the top five companies. However, many local companies are also playing a vital role in the market.

The global ceramic matrix composites market is experiencing new investments by global companies to boost its production, n capacity of ceramic matrix composites during the forecast period. Acquisitions and mergers between regional and global companies are other strategies adopted by prominent players in the global ceramic matrix composites market.

In July 2019, Kordsa acquired Axiom Materials through an investment of USD 81 billion to improve its market share and presence in oxide-oxide ceramic matrix composites.

In March 2018, GE Aviation invested USD 105 Million in its composite production plant in Asheville, North Carolina to boost the production capacity of ceramic matrix composites in its facility.

Some of the key players in the global ceramic matrix composites market include COI Ceramics Inc., SGL Group, 3M Company, Ube Industries, Ltd., and others

Trending Topics

Hybrid Composites Market

Advanced Composites Market

Composite Repair Market 

FAQ

What is the Growth Rate of the Ceramic Matrix Composites Market?

Grow at a high CAGR of 12.23%  during the forecast period (2022-2029).

Which Companies Are Included in the Ceramic Matrix​​​​​​​ Composites Market?

COI Ceramics Inc., SGL Group, 3M Company, Ube Industries, Ltd., and others

Which Region is Segmented into Ceramic Matrix​​​​​​​ Composites Market?

North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.

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