Ceramic Matrix Composites Market
Ceramic Matrix Composites Market Forecasts to 2030 - Global Analysis By Fiber (Continuous Fiber Reinforced CMCs, Discontinuous (Chopped) Fiber Reinforced CMCs, Whisker Reinforced CMCs, Hybrid Fiber Reinforced CMCs, Functionally Graded CMCs, Multilayered CMCs, Nano-reinforced CMCs and Other Fibers), Matrix Type, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $13.41 BN |
|
Projected Year Value (2030) |
US $30.58 BN |
|
CAGR (2023 - 2030) |
12.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Ceramic Matrix Composites Market is accounted for $13.41 billion in 2023 and is expected to reach $30.58 billion by 2030 growing at a CAGR of 12.5% during the forecast period. Ceramic Matrix Composites are advanced materials combining ceramic fibers within a ceramic matrix, enhancing strength, toughness, and thermal resistance. This class of composites excels in extreme environments, where traditional materials may falter. CMCs offer a unique balance of lightweight properties and durability, making them ideal for components subjected to severe conditions. The reinforcement of ceramics with fibers like silicon carbide or carbon fibers imparts improved mechanical performance, making CMCs pivotal in cutting-edge technology for numerous sectors.
According to a survey by Organization Internationale des Constructeurs d'Automobiles (OICA), during covid-19, individuals have increased it to 60% of their total working time. More time spent at home has encouraged individuals to renovate their living spaces rising global demand for ceramic matrix composites.
Market Dynamics:
Driver:
Rising focus on energy efficiency
CMCs, known for their lightweight nature, high-temperature resistance, and superior mechanical properties, play a pivotal role in enhancing energy efficiency across industries. As organizations prioritize sustainability and seek materials that can withstand extreme conditions, the demand for CMCs rises. Their application in various industries contributes to improved energy efficiency, making them a preferred choice and driving the market growth.
Restraint:
Complex manufacturing processes
Ceramic Matrix Composites (CMCs) have complex manufacturing processes involving intricate fabrication techniques and stringent quality control due to the combination of brittle ceramic materials with reinforcing fibers. This complexity increases production costs and limits scalability, hindering widespread adoption. The intricate processes involved in shaping, curing, and finishing CMCs make mass production challenging, thereby restraining market growth.
Opportunity:
Growing demand for fuel-efficient & high-performance vehicles
CMCs offer frivolous and durable solutions, enhancing fuel efficiency and overall vehicle performance. With stringent regulations promoting fuel economy, automotive manufacturers are increasingly adopting CMCs in components like engine parts and exhaust systems. This trend not only contributes to reduced vehicle weight but also improves fuel efficiency, aligning with the automotive industry's focus on sustainability and performance, thereby boosting the market demand.
Threat:
High production costs
Ceramic Matrix Composites have high production costs primarily due to the multifaceted manufacturing processes involved, such as the obscure fabrication of ceramic fibers and the challenging densification methods. These processes require advanced technology and specialized facilities, contributing to elevated production expenses. The high costs hinder market growth as they limit widespread adoption across industries, particularly in sectors sensitive to cost considerations.
Covid-19 Impact
The covid-19 pandemic significantly impacted the ceramic matrix composites market. Disruptions in global supply chains, reduced industrial activities, and decreased demand for aerospace and automotive components affected the CMC sector. However, the market showed resilience due to the material's high temperature and corrosion resistance, leading to continued applications in critical industries. The recovery was influenced by increased focus on lightweight and high-performance materials, particularly in aerospace and defense, as well as the growing demand for energy-efficient solutions in various sectors.
The hybrid fiber reinforced CMCs segment is expected to be the largest during the forecast period
The hybrid fiber reinforced CMCs segment is estimated to have a lucrative growth, due to its enhanced mechanical and thermal properties. The hybrid nature optimizes strength, toughness, and temperature resistance, making these CMCs ideal for demanding applications in aerospace, automotive, and industrial sectors. As industries prioritize lightweight and durable materials, hybrid fiber reinforced CMCs stand out as advanced materials with a versatile range of applications, contributing to the evolution of high-performance engineering solutions.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to witness the highest CAGR growth during the forecast period. Ceramic matrix composites offer lightweight and high-temperature resistant solutions in automotive applications. They enhance fuel efficiency by reducing overall vehicle weight, improving engine efficiency, and enabling advanced braking systems. CMCs also enhance component durability, extending the lifespan of critical parts like exhaust components and brake discs. Their superior thermal and mechanical properties make them ideal for high-performance applications, contributing to increased fuel economy, reduced emissions, and enhanced overall vehicle performance in demanding conditions.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the burgeoning aerospace, automotive, and energy sectors. Over-consumption of oil in Asia Pacific has also stimulated the need for energy. The escalating demand for lightweight and high-performance materials, coupled with a focus on fuel efficiency and environmental sustainability, is driving the adoption of CMCs in the region. Government’s initiatives promoting technological advancements and investments in research and development further boost the market.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the growing investments in the defense and aerospace sector. The United States has the largest aerospace industry in the world. Majority of the demand for the ceramic matrix comes from the end-user industries like aerospace & defense, energy, electrical & electronics, etc. Further, the region's focus on technological innovation and the aerospace sector's expansion contribute to the market's robust outlook.
Key players in the market
Some of the key players profiled in the Ceramic Matrix Composites Market include The 3M Company, General Electric, Kyocera Corporation, SGL Carbon Company, CeramTec GmbH, Applied Thin Films Inc, Lancer Systems LP, CoorsTek Inc, Rolls-Royce PLC, UBE Industries, Raytheon Technologies Corporation, Axiom Materials Inc, Ultramet, COI Ceramics and Starfire Systems.
Key Developments:
In April 2023, SGL Carbon announced a new partnership with Lancer Systems to develop ceramic matrix composites for use in thermal protection systems. The partnership with Lancer Systems will focus on the development of ceramic matrix composites for use in thermal protection systems.
In January 2023, Rolls-Royce signed a Memorandum of Understanding with the University of Sheffield in the UK to collaborate on the development of new ceramic composite materials.
Fibers Covered:
• Continuous Fiber Reinforced CMCs
• Discontinuous (Chopped) Fiber Reinforced CMCs
• Whisker Reinforced CMCs
• Hybrid Fiber Reinforced CMCs
• Functionally Graded CMCs
• Multilayered CMCs
• Nano-reinforced CMCs
• Other Fibers
Matrix Types Covered:
• Oxide-based CMCs
• Silicon Carbide (SiC) Matrix CMCs
• Carbon Matrix CMCs
• Nitride-based CMCs
• Metal Matrix CMCs
• Glass Matrix CMCs
• Polymer Matrix CMCs
• Single Crystal Matrix CMCs
• Other Matrix Types
End Users Covered:
• Aerospace & Defense
• Automotive
• Energy & Power
• Industrial
• Electronics
• Medical
• Oil & Gas
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ceramic Matrix Composites Market, By Fiber
5.1 Introduction
5.2 Continuous Fiber Reinforced CMCs
5.3 Discontinuous (Chopped) Fiber Reinforced CMCs
5.4 Whisker Reinforced CMCs
5.5 Hybrid Fiber Reinforced CMCs
5.6 Functionally Graded CMCs
5.7 Multilayered CMCs
5.8 Nano-reinforced CMCs
5.9 Other Fibers
6 Global Ceramic Matrix Composites Market, By Matrix Type
6.1 Introduction
6.2 Oxide-based CMCs
6.2.1 Alumina (Al2O3) Matrix CMCs
6.2.2 Zirconia (ZrO2) Matrix CMCs
6.2.3 Mullite (Al6Si2O13) Matrix CMCs
6.3 Silicon Carbide (SiC) Matrix CMCs
6.3.1 SiC/SiC Composites
6.3.2 SiC/Carbon Composites
6.4 Carbon Matrix CMCs
6.5 Nitride-based CMCs
6.5.1 Silicon Nitride (Si3N4) Matrix CMCs
6.5.2 Aluminum Nitride (AlN) Matrix CMCs
6.5.3 Boron Nitride (BN) Matrix CMCs
6.6 Metal Matrix CMCs
6.7 Glass Matrix CMCs
6.8 Polymer Matrix CMCs
6.9 Single Crystal Matrix CMCs
6.10 Other Matrix Types
7 Global Ceramic Matrix Composites Market, By End User
7.1 Introduction
7.2 Aerospace & Defense
7.3 Automotive
7.4 Energy & Power
7.5 Industrial
7.6 Electronics
7.7 Medical
7.8 Oil & Gas
7.9 Other End Users
8 Global Ceramic Matrix Composites Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 The 3M Company
10.2 General Electric
10.3 Kyocera Corporation
10.4 SGL Carbon Company
10.5 CeramTec GmbH
10.6 Applied Thin Films Inc
10.7 Lancer Systems LP
10.8 CoorsTek Inc
10.9 Rolls-Royce plc
10.10 UBE Industries
10.11 Raytheon Technologies Corporation
10.12 Axiom Materials Inc
10.13 Ultramet
10.14 COI Ceramics
10.15 Starfire Systems
List of Tables
1 Global Ceramic Matrix Composites Market Outlook, By Region (2021-2030) ($MN)
2 Global Ceramic Matrix Composites Market Outlook, By Fiber (2021-2030) ($MN)
3 Global Ceramic Matrix Composites Market Outlook, By Continuous Fiber Reinforced CMCs (2021-2030) ($MN)
4 Global Ceramic Matrix Composites Market Outlook, By Discontinuous (Chopped) Fiber Reinforced CMCs (2021-2030) ($MN)
5 Global Ceramic Matrix Composites Market Outlook, By Whisker Reinforced CMCs (2021-2030) ($MN)
6 Global Ceramic Matrix Composites Market Outlook, By Hybrid Fiber Reinforced CMCs (2021-2030) ($MN)
7 Global Ceramic Matrix Composites Market Outlook, By Functionally Graded CMCs (2021-2030) ($MN)
8 Global Ceramic Matrix Composites Market Outlook, By Multilayered CMCs (2021-2030) ($MN)
9 Global Ceramic Matrix Composites Market Outlook, By Nano-reinforced CMCs (2021-2030) ($MN)
10 Global Ceramic Matrix Composites Market Outlook, By Other Fibers (2021-2030) ($MN)
11 Global Ceramic Matrix Composites Market Outlook, By Matrix Type (2021-2030) ($MN)
12 Global Ceramic Matrix Composites Market Outlook, By Oxide-based CMCs (2021-2030) ($MN)
13 Global Ceramic Matrix Composites Market Outlook, By Alumina (Al2O3) Matrix CMCs (2021-2030) ($MN)
14 Global Ceramic Matrix Composites Market Outlook, By Zirconia (ZrO2) Matrix CMCs (2021-2030) ($MN)
15 Global Ceramic Matrix Composites Market Outlook, By Mullite (Al6Si2O13) Matrix CMCs (2021-2030) ($MN)
16 Global Ceramic Matrix Composites Market Outlook, By Silicon Carbide (SiC) Matrix CMCs (2021-2030) ($MN)
17 Global Ceramic Matrix Composites Market Outlook, By SiC/SiC Composites (2021-2030) ($MN)
18 Global Ceramic Matrix Composites Market Outlook, By SiC/Carbon Composites (2021-2030) ($MN)
19 Global Ceramic Matrix Composites Market Outlook, By Carbon Matrix CMCs (2021-2030) ($MN)
20 Global Ceramic Matrix Composites Market Outlook, By Nitride-based CMCs (2021-2030) ($MN)
21 Global Ceramic Matrix Composites Market Outlook, By Silicon Nitride (Si3N4) Matrix CMCs (2021-2030) ($MN)
22 Global Ceramic Matrix Composites Market Outlook, By Aluminum Nitride (AlN) Matrix CMCs (2021-2030) ($MN)
23 Global Ceramic Matrix Composites Market Outlook, By Boron Nitride (BN) Matrix CMCs (2021-2030) ($MN)
24 Global Ceramic Matrix Composites Market Outlook, By Metal Matrix CMCs (2021-2030) ($MN)
25 Global Ceramic Matrix Composites Market Outlook, By Glass Matrix CMCs (2021-2030) ($MN)
26 Global Ceramic Matrix Composites Market Outlook, By Polymer Matrix CMCs (2021-2030) ($MN)
27 Global Ceramic Matrix Composites Market Outlook, By Single Crystal Matrix CMCs (2021-2030) ($MN)
28 Global Ceramic Matrix Composites Market Outlook, By Other Matrix Types (2021-2030) ($MN)
29 Global Ceramic Matrix Composites Market Outlook, By End User (2021-2030) ($MN)
30 Global Ceramic Matrix Composites Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
31 Global Ceramic Matrix Composites Market Outlook, By Automotive (2021-2030) ($MN)
32 Global Ceramic Matrix Composites Market Outlook, By Energy & Power (2021-2030) ($MN)
33 Global Ceramic Matrix Composites Market Outlook, By Industrial (2021-2030) ($MN)
34 Global Ceramic Matrix Composites Market Outlook, By Electronics (2021-2030) ($MN)
35 Global Ceramic Matrix Composites Market Outlook, By Medical (2021-2030) ($MN)
36 Global Ceramic Matrix Composites Market Outlook, By Oil & Gas (2021-2030) ($MN)
37 Global Ceramic Matrix Composites Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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