Global Ceramic Matrix Composites Market - 2023-2030

Market Overview

The Global Ceramic Matrix Composites Market reached US$ 11.82 billion in 2022 and is expected to reach US$ 25.76 billion by 2030 growing with a CAGR of 10.31% during the forecast period 2023-2030.

Due to increasing demand from various sectors such as aerospace, turbines, energy, and construction is the major growth factor in the ceramic matrix composites market. The aerospace sector witnessed major growth in ceramic matrix composites, as CMC is used in gas turbines and provides thermal protection systems in vehicles. The demand for lightweight materials increases which leads to the adoption of CMC in the aerospace industry.

Asia Pacific witnessed major growth in the ceramic matrix composites market. Countries such as China, Japan, and India also have equal contributions to the production and development of ceramic matrix composites. For instance, on 15 Nov 2022, The CEM-WAVE project appears to be focused on advancing the technology of ceramic matrix composites (CMCs) for the manufacturing and development of high-performance materials, as highlighted in the webinar held by the European Union organization. The project likely aims to advance the understanding, capabilities, and applications of CMCs in various industries.

Market Dynamics

Advancement Of Ceramic Matrix Composites in the Automotive Industry

CMC has high thermal stability which makes them ideal in aircraft engines. They have various properties in which they can operate above 1600 degrees C. Its fuel efficiency which leads to the reduced weight of aircraft. CMC offers an effective thermal management system that provide significant engine efficiency which lead to reduced cooling and enhance performance of aircraft.

For instance, on 23 May 2023, NASA collaboration with Pratt & Whitney aims to build a project named as The HyTec in which they develop technology that leads to reduced fuel consumption and lower emission in jet engines. They used CMC for the construction of their engine core component which consists of the turbine, combustion chamber and compressor. EBC coating on the engine adds protection to these components from corrosion.

Revolutionizing the Automotive and Aerospace Industries with Silicon Carbide

Silicon carbide (SiC) is becoming more popular in the automobile sector because it makes high-efficiency power conversion possible and helps electrical systems become smaller and lighter. In electric cars (EVs) and hybrid electric vehicles (HEVs), SiC-based components result in greater driving ranges, quicker charging times, and better overall performance. The need for SiC-based components is anticipated to increase as the automotive sector continues to move towards electrification.

Materials that can survive high pressures, intense temperatures, and hostile conditions are frequently needed in the aerospace and defense industries. SiC-based ceramic matrix composites (CMCs) are used in essential constructions such as thermal protection systems and aircraft engine parts. As the demand for lightweight, high-performance materials increases, hence will boost up the demand for SiC in this industry.

Complex Behavior for Product Manufacturing

Brittle behavior in CMC causes abrupt failure and catastrophic damage when subjected to high loads. The production process is time-consuming and expensive due to the complex manufacturing structure, which involves methods like chemical vapor infiltration and polymer infiltration.

For instance, on 3 April 2023, a Researcher from the Chinese Academy of Science proposes a strategy to protect turbine components in the aviation industry. In which SiCf/SiC ceramic matrix composite materials degrade the turbine components that affect the environment which leads to downfall of the growth of ceramic matrix composites.

COVID-19 Impact Analysis

Due to rise in the pandemic which results in a decrease the demand of ceramic matrix composite. Many manufacturing projects were on hold which cause decreased demand for ceramic matrix composite. During covid people were isolated in their homes due to travel restrictions this impacted the aviation industry because internationally and nationally many fights grounded. Due to this factors there is downfall in the growth of ceramic matrix composite.

Investors are not investing in the aviation industry and this causes shortage of production which impacted the cost of ceramic matrix composite materials. Consumers shifted their demand that significantly impacted the growth ceramic matrix composite material market. During pandemic government and business focuses more on public health.

Russia-Ukraine War Impact

Russia-Ukraine conflicts, in which supply chain management of raw materials such as chemicals, fibres got affected. It also impacted the export and import business of ceramic matrix composites products which affected the growth of ceramic matrix composite . Shortage of these materials results in fluctuation of prices. Due to these factors, there is a downfall in the growth of the ceramic matrix composite market.

The Russia-Ukraine war affects many regions. Due to this war, investors are not investing in long-term projects in such regions. Industry working in this region face many difficulties to fulfill the consumer demand. Due to the war market phases geopolitical issues which slow downs the growth and production of the Ceramic matrix composites materials.

Segment Analysis

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

Advancements in Carbon-Carbon Ceramic Matrix Composite for High-Temperature Applications

Carbon-carbon ceramic matrix composite has higher thermal stability and it has good resistance to oxidation. It offers flexibility for specific shapes and sizes. C/C CMC has long-term stability which makes them different from traditional resources. Due to its significant thermal stability and electrical conductivity enables the usage of C/C CMC in various applications such as nozzles and in electrical components.

For instance, 2 July 2023, The LIFT manufacturing research center is leading a new round of projects focused on developing hypersonic weapons technologies. This program aims to advance ceramic matrix composites (CMCs) produced via reactive melt infiltration and metallics produced via large deformation processing for use in hypersonic applications. Carbon-carbon ceramic matrix composites are likely to play a crucial role in these developments, as they offer excellent heat resistance and durability, making them suitable for high-temperature and high-speed applications like hypersonics.

Geographical Penetration

Asia-Pacific Witnesses Trends and Innovations in Ceramic Matrix Composites for Aerospace Applications

Asia-Pacific has the largest growth in the ceramic matrix composites market. Countries like China, Japan, and India has the highest production and development growth of ceramic matrix composites. Various innovations are taken place for the growth of CMC in aerospace applications such as NAL and HAL both involved in research and development.

For instance, on 17 July 2023, The Indian government's focus on developing a viable jet engine for its ambitious aerospace projects led to collaborations with global engine manufacturers Safran and GE. Ceramic matrix composites play a crucial role in addressing the technological gaps in jet engines. Safran and GE are working on advanced materials, including CMCs, to enhance the performance, durability, and efficiency of next-generation fighter jets like AMCA and MRFA.

Competitive Landscape

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.

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

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies