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    Ceramic matrix composites Market Research Report—Global Forecast till 2032 Infographic

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    Ceramic Matrix Composites Market

    ID: MRFR/CnM/4587-CR
    223 Pages
    Chitranshi Jaiswal
    April 2022

    Ceramic Matrix Composites Market Research Report Information By Product (Oxide, Silicon Carbide, Carbon), By Application (Aerospace, Defense, Energy & Power, Electrical & Electronics), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035

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    Ceramic Matrix Composites Market Infographic
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    Summary Table of Contents Segmentation Download PDF

    Ceramic Matrix Composites Market Summary

    As per Market Research Future Analysis, the Global Ceramic Matrix Composites Market was valued at USD 4.31 Billion in 2024 and is projected to grow to USD 7.77 Billion by 2035, with a CAGR of 5.50% from 2025 to 2035. CMCs, consisting of ceramic fibers in a ceramic matrix, are increasingly utilized in the aerospace industry for components like gas turbine engines due to their high strength-to-weight ratio and excellent thermal stability. The market is driven by advancements in ultra-high temperature ceramics and the development of new products with enhanced properties.

    Key Market Trends & Highlights

    The market is witnessing significant trends driven by technological advancements and increasing applications.

    • Aerospace application segment accounted for over 36.19% of revenue in 2021.
    • Oxide product segment led the market with a 29.97% revenue share in 2021.
    • Silicon Carbide segment projected to grow at a CAGR of 12.8% during the forecast period.
    • North America held over 44.9% of the market share in 2021.

    Market Size & Forecast

    2024 Market Size USD 4.31 Billion
    2035 Market Size USD 7.77 Billion
    CAGR (2024-2035) 5.50%

    Major Players

    Key players include 3M (US), Applied Thin Films, Inc (US), DACC Carbon (South Korea), CeramTec (Germany), CoorsTek Inc (US), and SGL Carbon (Germany).

    Ceramic Matrix Composites Market Trends

    INCREASING USE OF CERAMIC MATRIX COMPOSITES IN THE AEROSPACE INDUSTRY.

    Ceramic matrix composites are widely used in the aerospace industry to manufacture aircraft components such as gas turbine engines, engine nozzles, tail cones, nose caps, rudders, fins, leading edges, body flaps, panels, and other engine components. The advantages of using CMCs include excellent wear and corrosion resistance in a wide range of environments and temperatures, high strength-to-weight ratio, high strength retention at elevated temperatures, high chemical stability, hardness, and lightweight. Thus, the growth of the aerospace industry is expected to increase the demand for CMCs and drive the growth of the ceramic matrix composites market during the forecast period.

    Additionally, Recent studies on ultra-high temperature ceramics (UHTCs) have shown that they exhibit outstanding erosion resistance at temperatures up to 2000°C or even higher; however, they cannot resist thermal shocks and damage. To overcome these technological limitations, the C³HARME project aims to combine the superior features of CMCs and UHTCs to develop ultra-high temperature ceramic matrix composite (UHTCMCs) with self-healing capabilities. Thus, the development of new products using CMCs with superior properties is expected to offer lucrative opportunities.

    2024: COI Ceramics unveiled new ceramic matrix composites designed for high-temperature aerospace and industrial applications.

    SGL Carbon - 2023: SGL Carbon introduced advanced ceramic matrix composites with improved thermal and mechanical properties for the automotive sector.

    The increasing demand for lightweight and high-performance materials in aerospace and defense applications appears to drive the growth of the global ceramic matrix composites market, reflecting a broader trend towards advanced materials in critical industries.

    U.S. Department of Energy

    Ceramic Matrix Composites Market Drivers

    Increasing Demand in Aerospace Sector

    The aerospace sector is experiencing a notable surge in demand for lightweight and high-performance materials, which positions the Global Ceramic Matrix Composites Market Industry favorably. These composites are utilized in various applications, including turbine engines and thermal protection systems, due to their superior thermal stability and mechanical properties. As the aerospace industry continues to expand, driven by advancements in technology and increasing air travel, the demand for ceramic matrix composites is projected to rise significantly. This trend is reflected in the market's anticipated growth from 4.31 USD Billion in 2024 to 11.9 USD Billion by 2035, indicating a robust CAGR of 9.64% for the period from 2025 to 2035.

    Market Segment Insights

    Ceramic Matrix composites Product Insights

    The Ceramic Matrix composites market segmentation, based on Product, includes Oxide, Silicon Carbide, and Carbon. The oxides product segment led the market and accounted for more than 29.97% share of the revenue in 2021. Improved properties of oxide composites such as no oxidation and high fracturing toughness, and a less expensive production process, are expected to trigger the demand for aerospace, defense, and energy & power applications. The Sic segment is projected to register a CAGR of 12.8% in terms of value during the forecast period.

    The higher initial cost of SiC ceramic matrix composites is the most prominent growth barrier for the segment. Other costs indulged during usage and transportation, such as cleaning costs and repositioning costs, also restrain the demand growth. Carbon products held a significant revenue share in 2021 due to the large-scale production of carbon fibers to fulfill the increased demand for CF and CFRP products ly. The costs of carbon/carbon ceramic matrix composites are significantly cheaper than silicon carbide/silicon carbide and oxide/oxide ceramic matrix composites.

    Ceramic Matrix composites Application Insights

    Based on Application, the Ceramic Matrix composites market segmentation includes Aerospace, Defense, Energy & Power, Electrical & Electronics. The aerospace application segment led the market and accounted for more than 36.19% of the revenue share in 2021. Factors such as the rising preference of consumers for manufacturing noses, rudder, fins, leading edges, body flaps, hot structures, tiles, and panels for aircraft are anticipated to expand the demand in the aerospace segment during the forecast period. Their excellent impact strength coupled with high hardness makes these composites suitable for manufacturing bullet-proof armor and insulation in small arms weapons platforms.

    Ceramic materials are mostly transparent to certain types of energy, and light. As a result, they are widely used for infrared domes, sensor protection, and multi-spectral windows.

    Figure 2: Ceramic Matrix Composites Market, by Product, 2023 & 2030 (USD Billion)Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

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    Key Companies in the Ceramic Matrix Composites Market market include

    Industry Developments

    In March 2019, SGL Carbon and Solvay collaborated to develop advanced carbon fiber composites for aerospace applications. These fibers are developed to reduce costs as well as the emission of CO2 and to increase fuel efficiency.

    Future Outlook

    Ceramic Matrix Composites Market Future Outlook

    The Ceramic Matrix Composites Market is projected to grow at a 5.50% CAGR from 2025 to 2035, driven by advancements in aerospace, automotive, and energy sectors.

    New opportunities lie in:

    • Develop lightweight CMCs for aerospace applications to enhance fuel efficiency. Invest in R&D for high-temperature resistant CMCs for industrial use. Explore partnerships with automotive manufacturers to integrate CMCs in electric vehicles.

    By 2035, the Ceramic Matrix Composites Market is expected to achieve substantial growth, reflecting increased adoption across various industries.

    Market Segmentation

    Ceramic Matrix composites Product Outlook

    • Oxide
    • Silicon Carbide
    • Carbon

    Ceramic Matrix composites Regional Outlook

    • {"North America"=>["US"
    • "Canada"]}
    • {"Europe"=>["Germany"
    • "France"
    • "UK"
    • "Italy"
    • "Spain"
    • "Rest of Europe"]}
    • {"Asia-Pacific"=>["China"
    • "Japan"
    • "India"
    • "Australia"
    • "South Korea"
    • "Rest of Asia-Pacific"]}
    • {"Rest of the World"=>["Middle East"
    • "Africa"
    • "Latin America"]}

    Ceramic Matrix composites Application Outlook

    • Aerospace
    • Defense
    • Energy & Power
    • Electrical & Electronics

    Report Scope

    Report Attribute/MetricDetails
    Market Size 2024USD 4.31 Billion
    Market Size 20357.77 (Value (USD Billion))
    Compound Annual Growth Rate (CAGR)5.50% (2025 - 2035)
    Base Year2024
    Market Forecast Period2025 - 2035
    Historical Data2018 & 2020
    Market Forecast UnitsValue (USD Billion)
    Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments CoveredProduct, Application, and Region
    Geographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the World
    Countries CoveredThe U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled3M (US), Applied Thin Films, Inc (US), DACC Carbon (South Korea), CeramTec (Germany), CoorsTek Inc (US), Ube Industries, Ltd (Japan), Safran (France), General Electric (US), KYOCERA Corporation (Japan), Rolls-Royce plc (UK), Ultramet (US), Lancer Systems (US), Schunk GmbH (Germany), Axiom Materials (US), and SGL Carbon (Germany)
    Key Market OpportunitiesDevelopment of ultra-high temperature ceramic matrix composites (UHTCMCS)
    Key Market DynamicsIncreasing use of ceramic matrix composites in the aerospace industry High demand for lightweight automobiles across the globe Growth of the electrical & electronics industry.
    Market Size 20254.55 (Value (USD Billion))

    Market Highlights

    Author
    Chitranshi Jaiswal
    Research Analyst Level I

    In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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    FAQs

    How much is the Ceramic Matrix composites market?

    Ceramic Matrix Composites Market was valued at USD 4.31 Billion in 2024

    What is the growth rate of the Ceramic Matrix composites market?

    Ceramic Matrix Composites Market is expected to grow with a CAGR of 5.5% in the period 2025-2035

    Which region held the largest market share in the Ceramic Matrix composites market?

    North America had the largest share of the Ceramic Matrix composites market.

    Who are the key players in the Ceramic Matrix composites market?

    The key players in the market are 3M (US), Applied Thin Films, Inc (US), DACC Carbon (South Korea), CeramTec (Germany), CoorsTek Inc (US), Ube Industries, Ltd (Japan), Safran (France), General Electric (US), KYOCERA Corporation (Japan), Rolls-Royce plc (UK), Ultramet (US), Lancer Systems (US), Schunk GmbH (Germany), Axiom Materials (US), and SGL Carbon (Germany)

    Which Product led the Ceramic Matrix composites market?

    Ceramic Matrix Composites Market size was valued at USD 4.31 Billion in 2024

    Which Application led the Ceramic Matrix composites market?

    Aerospace had the largest share in the market for Ceramic Matrix composites.

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