Ceramic Matrix Composites Market Size, Share, Industry, Forecast and outlook (2023-2030)

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, 2023-2030 

Market Overview

The Global Ceramic Matrix Composites Market reached USD 11.82 billion in 2022 and is expected to reach USD 25.76 billion by 2030 growing with a CAGR of 10.31% during the forecast period 2023-2030. The global ceramic matrix composites market demand increases from various sectors such as aerospace, turbines, energy, and construction.

It provides excellent thermal stability and it also offers a unique combination of lightweight and high-strength mechanism materials these factors drive the growth of the market.

Asia-Pacific witnessed the highest growth in the ceramic matrix composites market. China, Japan, and India witness major growth, as consumption of ceramic matrix composites increased in these countries. In september, 2021, Mitsubishi Heavy Industries and Toyota are engaged in the production and advancement of ceramic matrix composites. In addition several companies are also investing heavily for the production of CMC. Hence these investments are analyzed to drive the market growth.

Market Scope

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Market Dynamics

Advancement of Ceramic Matrix Composites in the Automotive Industry

Due to its lightweight properties, ceramic matrix offers various advantages in the automotive industry. As the automotive industry continuously improves its fuel efficiency and reduce emission. With the help of CMC, it reduces the weight of the vehicle which leads to improved overall fuel economy. Its lightweight facility provides better power to the weight facility which leads to enhanced performance of vehicles.

CMCs are corrosion-free materials, which makes them suitable for components exposed to harsh environments, like brake systems. This resistance to corrosion ensures the longevity and reliability of crucial parts, contributing to the overall safety and durability of vehicles. By using CMCs with superior corrosion resistance, the automotive industry leads to promote sustainability.

Growth of Ceramic Matrix Composites in Energy Applications

Ceramic matrix composites offer outstanding thermal properties that include low-thermal and high-temperature resistance which makes them ideal for energy applications. It provides energy-efficient solar thermal systems, gas turbines, and power reactors. These factors, boost the growth of the market.

For instance, on 27 April 2023, a collaboration between national composites centers and the atomic energy authority under the Haste-F program aims to develop and apply silicon carbide ceramic matrix in future fusion power reactors. This silicon carbide ceramic matrix is a cost-effective material. These materials resist extreme temperatures up to 1600 and also offer advantages over traditional materials.

High Production Cost 

Complex manufacturing processes such as chemical vapor infiltration, polymer infiltration and pyrolysis (PIP), and melt infiltration are used to produce CMCs. These procedures call for trained engineers and technicians who are knowledgeable about the complications of dealing with ceramics and are able to handle them. Thus, making it a high production cost for both manufacturing as well as for hiring skilled workforce to control the manufacturing process.

Due to the complexity of manufacturing and the requirement for strict quality control procedures, the production of CMCs and their components frequently includes extensive lead times. It might be challenging to evaluate products from various producers because there are no standardized testing procedures and quality control requirements for CMCs. This can make it difficult to stick to strict production plans and react rapidly to market demands.

Segment Analysis

The global ceramic matrix composites is segmented based on product type, application, end-user and region.

Lightweight Solutions for High-Temperature Applications in Jet Engines

 CMC withstand extremely in high temperatures which makes them ideal for use in the hot and harsh environment of combuster liners. These liners are exposed to intense heat and pressure as they mix fuel and air and CMC ability to retain their structural integrity under such conditions which significantly improves their durability and reliability.

For instance, on, 20 April 2023, General Electric (GE) Global Research Center and GE Aviation are leading the way in developing and applying CMC materials for better performance in engines. Major components of the engine's hot sections, including the combustor, high-pressure turbines and nozzles, are now being manufactured using CMCs. These materials offer superior heat resistance, lightweight design and thermal stability, which makes them ideal for withstanding the extreme temperatures.

Geographical Penetration

Growing CMC Market in Asia-Pacific And Advancements in High-End Development 

The largest growth in CMC market is in Asia-Pacific. Various advancements and innovations rapidly growing in these countries such as China, India and Japan. Due to high economic growth and increase in population, which is expected to boost the growth of CMC in the automotive and aerospace defense sectors. Availability of raw materials and low-cost labor facility drives the growth of ceramic matrix components in these countries.

For instance, on 18 April 2023, Leatec Fine Ceramics, a Taiwan-based company specializing in the production of aluminum and ceramic substrates used for manufacturing chip resistors, is expanding its presence in the electric vehicle (EV) sector. Ceramic matrix components are used in the production of brake components and also offer outstanding thermal properties.

Major Key Players

The major global players in the market include General Electric, Rolls-Royce PLC, SGL Carbon, Raytheon Technologies Corporation, Applied Thin Films, Ultramet, CoorsTek, Lancer Systems, COI Ceramics,CFC Carbon co., ltd.

COVID-19 Impact Analysis

COVID Impact

Due to lockdown and travel restrictions the trade and manufacturing industry of ceramic materials got affected. Delay in sourcing raw materials and the shortage of workforce led to delay the production of ceramic matrix composite. Due to the rise in COVID which directly impacted the global supply chain management system.

Pandemic decline the demand of ceramic matrix materials in various sectors such as aerospace, automotive, and energy. Due to delay in a project which leads to reduced orders effects the demand of ceramic matrix materials. Due to the downfall in this market, investors are not investing in any projects that impacted the growth of market.

Russia-Ukraine War Impact

Both Russia and Ukraine plays important role in the production of critical chemical used in the production and development of ceramic matrix composite but due to conflict between two countries lead to a decrease the growth of CMC. Due to the decrease in production the quality of ceramic matrix composites degrade.

Government strict policies and trade policies affected the growth of the ceramic Matrix composites market. Economic instability and cost fluctuation affected the overall demand of the ceramic matrix composites market. Due to conflict, there is a limitation and trade restriction that limits the supply chain management of ceramic matrix composites between countries. 

Key Developments

• On 21 Sep 2022, Engineers at NCC Bristol, U.K completed its first manufacturing ceramic matrix composites project using automated fiber placement. This project is supported by Rolls-Royce, Reaction Engines, MBDA, and 3M. This AFP technology uses organic matrix components for the production of ceramic matrix composites.
• On 31 Mar 2023, SGL Carbon a global provider of carbon-based solutions announced a partnership with the lancer system for the development of ceramic matrix composite. This composite is used as thermal protection system in aerospace applications.
• On 6 July 2022, TA and T introduced the new ceramic platform SINTX portfolio. TA&T is having specialization in developing ceramic innovative materials for defense, and biomedical.

Why Purchase the Report?

• To visualize the global ceramic matrix composites market segmented based on product type, application, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of ceramic matrix composites market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Application mapping available as excel consisting of key application of all the major players.

The global Ceramic matrix composites market report would provide approximately 61 tables, 63 figures, and 195 Pages