Global Ceramic Matrix Composites Market by Matrix Type (Oxide/Oxide, SiC/SiC, C/SiC, C/C, Others) by End User (Automotive, Aerospace & Defense, Energy & Power, Industrial, Others) by Region (North America, Europe, Asia Pacific, Latin America, MEA), - Global Forecasts 2017 to 2027

Date : Jul 2021

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Report ID : 93

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Category : Composites

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Report Format:  PDF EXCEL PPT WORD

The Global Ceramic Matrix Composites Market was valued US$ 7.9 Bn in 2020 is expected to reach US$ 15.8 Bn by 2027, with a growing CAGR of 10.4% during the forecast period (2020-2027).

Ceramic matrix composites are basically a subgroup of composite materials which consist of ceramic fibers embedded in a ceramic matrix. These composites are primarily developed in order to overcome the drawback of conventional composites that are less resistant to fracture failure. Carbon fibers are used to form the ceramic matrix. Improved strength under fracture loading is one of the major advantages that ceramic matrix composites offer.

The growth of the Ceramic Matrix Composites Market is primarily driven by the rapid growth in technology development and utilization of advanced materials in automobiles. Moreover, growing industry competition is pushing manufacturers to focus on weight reduction without compromising on component strength. Additionally, the growing emphasis on developing military vehicles and space shuttle components is fuelling the growth of this industry. However, high cost compared to conventional engineering materials is one of the restraining factors which may hamper the growth of the global Ceramic Matrix Composites Market.

Ceramic Matrix Composites market

One of the reasons ceramic matrix composites was developed is because conventional technical ceramics like alumina, silicon carbide, zirconia etc get damaged easily under pressure because of cracks and scratches. The ceramic matrix composites is also extensively used in the automobile sector for disc brakes and braking systems and is also one of the major reasons why it is always so high in demand. Ceramic matrix composites is also useful in increasing the safety levels of nuclear fusion and fission reactors. Carbon fibre reinforced carbon composite are the most preferred for use in experimental fusion reactors. Some of the advantages of these composites include higher resistance at increased temperatures, stability when illuminated etc.

The Global Ceramic Matrix Composites Industry Segmentation

  1. By Matrix Type
  1. Oxide/Oxide
  2. SiC/SiC
  3. C/SiC
  4. C/C
  5. Others
  1. By End User
  1. Automotive
  2. Aerospace & Defense
  3. Energy & Power
  4. Industrial
  5. Others
  1. By Region
  1. North America
  2. Latin America
  3. Europe
  4. Middle East & Africa
  5. Asia Pacific

The unique insights provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Key Players Positioning Matrix
  5. Regulatory scenario
  6. Strategies Adopted-Benchmarking Heat Map
  7. Market trends
  8. Covid-19 impact analysis
  9. Product comparison
  10. Pre & Post COVID 19 impact on Ceramic Matrix Composites Market
  11. Competitive Landscape

The oxide/oxide ceramic matrix composites matrix type is poised to dominate the market throughout the forecast period

Based on matrix type, the Ceramic Matrix Composites Market has been segmented into an oxide/oxide ceramic matrix composites, C/SIC ceramic matrix composites, C/C ceramic matrix composites, and SIC/SIC ceramic matrix composites. The oxide/oxide ceramic matrix composites segment accounted for approximately 32% of the share in the global Ceramic Matrix Composites Market in 2020. Oxide/Oxide ceramic matrix composite are gaining popularity for use in the aerospace and advanced energy sectors for components that have to be under high pressure. The makers have to ensure that during production cost reductions take place to ensure that they are competitive in the current market environment.  Especially in the aerospace sector cost reduction has become a priority. The global market for oxide/oxide is on the verge of growth.

While C/SiC Ceramic Matrix Composites segment accounted highest CAGR of around 11.4% in the global Ceramic Matrix Composites Market during the forecast period owing to demand from aerospace and automobile industries.

C/SiC ceramic matrix composite represent a relatively new class of structural materials. In the coming few days new applications like rocket propulsion and aircraft brakes could be opened up. Research has focused on using ceramics in place of carbon as the matrix material. Silicon carbide is the most suitable element as matrix material because of its high oxidation resistance. With space exploration and the aerospace industry in general touching new heights the demand for material which can work in unpredictable and extremely harsh conditions is also growing.

Based on end-use industry, the automotive segment is expected to dominate during 2021 to 2027

Based on end-use industry, the market has been segmented into aerospace & defense, automotive, energy & power, industrial and others. The automotive segment accounts of the largest share in the market and held for more than 26.4% of the total market in 2020. The major factors that are driving the growth of this segment are the growing number of new players and start-ups which offer cost-efficient solutions.

Key players are investing a substantial amount of resources in order to develop efficient gas turbine engines is fuelling the demand for Ceramic Matrix Composites Market. In the defense industry modern armour system uses the advances ceramics because they are extremely light weight and perform very well. Nowadays aluminium matrix composites are used in the production of unmanned aerial vehicles and customised special vehicles. Ceramic matrix composites are also use to make furnace doors. The major requirements of vehicles nowadays is that it reduces in weight, exhaust emissions, fuel consumption and at the same time it is safe to drive, prevents the driver and co-passengers from any kind of accident and injury and also improve the performance of the vehicle. Ceramic matrix composite can fulfil all these requirements of the vehicle.

Regionally, North America to dominate the Ceramic Matrix Composites Market throughout the forecast period

North America region accounted for nearly 37.1% share of the global Ceramic Matrix Composites Market in 2020 and is expected to dominate the market throughout the forecast period. The rapid growth in the aerospace & defence sector is the major driving factor for the region in the global market. One of the reasons why North America is the leader in the global Ceramic Matrix Composites Market is because it has one of the biggest and booming aerospace sectors in the world and it is booming. A lot of new projects in the aerospace industry have come up and same goes for the defence sector. USA has the biggest defence budget in the world and their defence forces are one of the most active defence forces around the world with their operations ranging from country to country and hence ceramic matrix composite is in a lot of demand in this region.

Asia Pacific region is expected to hold the highest CAGR in the global market during the forecast period. Manufacturers are investing in the Asia Pacific region countries to meet the growing demand of end-use industries.

Company Profiles and Competitive Intelligence:

The major players operating in the global Ceramic Matrix Composites Market are General Electric Company, Rolls-Royce, SGL Carbon, United Technologies, COI Ceramics, Lancer Systems, CoorsTek, Applied Thin Films, Ultramet, and CFC Carbon among others.

The report also provides in-depth analysis of Ceramic Matrix Composites Market dynamics such as drivers, restraints opportunities and challenges

Drivers

  1. Growing demand for Ceramic Matrix Composites from emerging economies
  2. Rising demand for light-weight materials in automotive industry
  3. Increased demand from aerospace & defense industry

Restraints

  1. High manufacturing costs

Opportunities

  1. Increased use of ceramic matrix composites in wind energy application

COVID-19 Impact on the Global Ceramic Matrix Composites Market Analysis

COVID has had a negative impact on the Ceramic Matrix Composites Market since this involves a lot of transportation of materials from one place to another and COVID has restricted transport and trade between countries. The operational plants have also been shut down. The aerospace and defence industries are not something essential for everyday life that governments would have kept it going despite COVID hence the use of ceramic matrix composite has seen a decline.

The report also provides in-depth analysis of key trends in Ceramic Matrix Composites Market

Sr. No.

Trends

Impact

1

Ceramic matrix composite is set to revolutionize building of jets and allow engineers to build much powerful jets

Positive

2

GE researchers have now replaced rotating metal components with ceramic matrix composites

Positive

The report also provides in-depth analysis of recent news developments and investments

In March 2018, GE aviation invested additional $105 million to manufacture ceramic matrix composites for jet engines. Composed of coated ceramic fibers embedded in a ceramic matrix, ceramic matrix composites has various plus points over other materials—for example, CMCs are as tough as, light weight, and can resist higher temperatures. It is a big advantage for turbine engines, power jets and power plants, because the ability to operate at hotter temperatures allows higher operating efficiencies, offering a significant way to save energy at the same time giving enhanced performance.

Company Profiles and Competitive Intelligence

The key players operating in the market are:

  1. General Electric Company
  2. Rolls-Royce
  3. SGL Carbon Company
  4. United Technologies
  5. COI Ceramics, Inc.
  6. Lancer Systems
  7. CoorsTek, Inc.
  8. Applied Thin Films
  9. Ultramet
  10. CFC Carbon
  11. Shanghai Tunnel Engineering Company
  12. Fiber Materials, Inc.
  13. Axiom materials
  14. CeramTec
  15. Ube Industries, ltd
  16. United Composites B.V.

Frequently Asked Questions (FAQs)

How big the Global Ceramic Matrix Composites Market?

The Global Ceramic Matrix Composites Market was valued at US$ 7.9 Bn in 2020 and is anticipated to reach US$ 15.8 Bn by 2027

What is the estimated market growth rate of Global Ceramic Matrix Composites industry?

The Global Ceramic Matrix Composites Market is estimated to grow at a compound annual growth rate (CAGR) of 10.4% during 2020-2027

Who are the key players in the Global Ceramic Matrix Composites industry?

A few key players include, but not limited to: General Electric Company, Rolls-Royce, SGL Carbon, United Technologies, COI Ceramics, Lancer Systems, CoorsTek, Applied Thin Films, Ultramet, and CFC Carbon

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Market Introduction
    1. Definition
    2. Scope Of The Study
    3. List Of Assumptions
    4. Market Structure
    5. Scope of the Study: Segmentation 
    6. Timeframe, Currency and Limitations
  2. Research Methodology
    1. 3P Research Approach
    2. Market Sizing Approach
    3. Data Sources
    4. Primary Research Coverage
  3. Executive Summary
    1. Market Summary
    2. Market Snapshot
    3. Regional Snapshot
    4. Country Snapshot
  4. Premium Insights
    1. Key Trend Analysis
    2. New revenue Pockets
    3. Pain Point Analysis
    4. Company Market Share Analysis, by Region
    5. Strategies Adopted-Benchmarking Heat Map
    6. Regulatory Landscape
    7. PESTEL Analysis
    8. Regional Lifecycle
    9. Competitive Benchmarking
  5. Market Overview & Competitive Landscape
    1. Competitive Landscape
    2. Investment Scenario by key Players
    3. Key Player Overview
    4. Product comparison
    5. Player Wise Geographic Presence
    6. Player Wise Target Customer Segment
    7. Recent News
      1. Product Launches & upgrades
      1. R&D / Innovation
      2. Merger & Acquisition
      3. JV & Partnership
      4. Recognition and others
  1. Market Segmentation (Market Size and Share Analysis)
    1. Global Market Size & Historic Growth
    2. Market Size by Matrix Type
      1. Oxide/Oxide
      1. C/SiC
      2. C/C
      3. SiC/SiC
      4. Others
    1. Market size by End User
      1. Automotive
      1. Aerospace & Defense
      2. Energy & Power
      3. Industrial
      4. Others
  1. Market Dynamics
    1. Market Drivers
    2. Opportunities
    3. Value Chain Analysis
    4. Pricing Analysis
  2. COVID – 19 Opportunity Mapping
    1. Key Drivers & Anticipated Revival Period
    2. Key Trends Analysis
    3. Impact on End user Industry
    4. Opportunity Analysis
  3. Regional Market Analysis
    1. North America
      1. US
      1. Canada
    1. Europe
      1. UK
      1. Germany
      2. France
      3. Italy
      4. Spain
      5. Rest of Europe
    1. APAC
      1. China
      1. India
      2. Japan
      3. South Korea
      4. Rest of APAC
    1. Latin America
      1. Mexico
      1. Brazil
      2. Argentina
      3. Rest of LATAM
    1. Middle East & Africa
      1. GCC
      1. Rest of MEA
  1. Company Profiles

1.       General electric company US

2.       Rolls Royce UK

3.       SGL carbon Germany

4.       United technologies

5.       COI ceramics

6.       Lancer systems

7.       CoorsTek

8.       Applied thin films

9.       Ultramet

10.     CFC Carbon

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