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Ceramic Matrix Composites Market

Global Ceramic Matrix Composites Market Size, Forecast: By Composite Type: Silicon Carbide Reinforced Silicon Carbide, Carbon Reinforced Carbon, Oxide, Others; By Fibre Type: Short Fibre, Continuous Fibre; By Fibre Material: Alumina Fibre, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Global Ceramic Matrix Composites Market Outlook

The global ceramic matrix composites industry reached a value of nearly USD 5.40 billion in 2023 and is further estimated to grow over the forecast period of 2024-2032 at a CAGR of 13%.

 

Ceramic Matrix Composites Market

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Properties and Applications

The ceramic matrix composites industry can be divided on the basis of segments like composite type, fibre type, fibre material, and application. The industry can be broadly categorised on the basis of its application into:

 

Ceramic Matrix Composites Market By Segments

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  • Aerospace and Defence
  • Automotive
  • Energy and Power
  • Electronics and Electricals
  • Others

The industry can be divided on the basis of its composite type into silicon carbide reinforced silicon carbide, carbon-reinforced carbon, and oxide, among others. The industry can be bifurcated based on its fibre type into short fibre and continuous fibre. The industry can be divided based on its fibre material into alumina, refractory ceramic, and SiC (silicon carbide) fibre, among others.

The EMR report looks into the regional markets of ceramic matrix composites like North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific.

 

Market Analysis

The global ceramic matrix composites industry is being driven by the growing demand for lightweight and high-performance materials, which are most widely used in the defence sector, for applications such as infrared domes and sensor protection, among others. The properties of ceramic matrix composites, such as high heat resistance and outstanding mechanical characteristics, along with the rising technological advancements and growing customer preference, are further aiding the industry growth.

 

Ceramic Matrix Composites Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global ceramic matrix composites industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Specialty Materials, Inc.
  • Applied Thin Films Inc.
  • CeramTec GmbH
  • CoorsTek Inc.
  • Lancer Systems
  • Rolls-Royce plc    (OTCMKTS: RLLCF)
  • Ultramet
  • COI Ceramics, Inc.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Composite Type
  • Fibre Type
  • Fibre Material
  • Application
  • Region
Breakup by Composite Type
  • Silicon Carbide Reinforced Silicon Carbide
  • Carbon Reinforced Carbon
  • Oxide
  • Others
Breakup by Fibre Type
  • Short Fibre
  • Continuous Fibre
Breakup by Fibre Material
  • Alumina Fibre
  • Refractory Ceramic Fibres
  • SiC Fibre
  • Others
Breakup by Application
  • Aerospace and Defence
  • Automotive
  • Energy and Power
  • Electronics and Electricals
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Specialty Materials, Inc.
  • Applied Thin Films, Inc.
  • CoorsTek, Inc.
  • COI Ceramics, Inc.
  • Ultramet, Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Ceramic Matrix Composites Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Ceramic Matrix Composites Historical Market (2018-2023) 
    8.3    Global Ceramic Matrix Composites Market Forecast (2024-2032)
    8.4    Global Ceramic Matrix Composites Market by Composite Type 
        8.4.1    Silicon Carbide Reinforced Silicon Carbide 
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Carbon Reinforced Carbon  
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Oxide  
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Ceramic Matrix Composites Market by Fibre Type 
        8.5.1    Short Fibre
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Continuous Fibre 
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Ceramic Matrix Composites Market by Fibre Material 
        8.6.1    Alumina Fibre
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Refractory Ceramic Fibres 
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    SiC Fibre 
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Ceramic Matrix Composites Market by Application
        8.7.1    Aerospace and Defence
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Automotive 
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Energy and Power 
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Electronics and Electricals
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Others   
    8.8    Global Ceramic Matrix Composites Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Ceramic Matrix Composites Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Ceramic Matrix Composites Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Ceramic Matrix Composites Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Ceramic Matrix Composites Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Ceramic Matrix Composites Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Specialty Materials, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Applied Thin Films, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    CoorsTek, Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    COI Ceramics, Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Ultramet, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Ceramic Matrix Composites Market: Key Industry Highlights, 2018 and 2032
2.    Global Ceramic Matrix Composites Historical Market: Breakup by Composite Type (USD Million), 2018-2023
3.    Global Ceramic Matrix Composites Market Forecast: Breakup by Composite Type (USD Million), 2024-2032
4.    Global Ceramic Matrix Composites Historical Market: Breakup by Fibre Type (USD Million), 2018-2023
5.    Global Ceramic Matrix Composites Market Forecast: Breakup by Fibre Type (USD Million), 2024-2032
6.    Global Ceramic Matrix Composites Historical Market: Breakup by Fibre Material (USD Million), 2018-2023
7.    Global Ceramic Matrix Composites Market Forecast: Breakup by Fibre Material (USD Million), 2024-2032
8.    Global Ceramic Matrix Composites Historical Market: Breakup by Application (USD Million), 2018-2023
9.    Global Ceramic Matrix Composites Market Forecast: Breakup by Application (USD Million), 2024-2032
10.    Global Ceramic Matrix Composites Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Ceramic Matrix Composites Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Ceramic Matrix Composites Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Ceramic Matrix Composites Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Ceramic Matrix Composites Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Ceramic Matrix Composites Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Ceramic Matrix Composites Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Ceramic Matrix Composites Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Ceramic Matrix Composites Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Ceramic Matrix Composites Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Ceramic Matrix Composites Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Ceramic Matrix Composites Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global Ceramic Matrix Composites Market Structure

Key Questions Answered in the Report

In 2023, the global ceramic matrix composites market attained a value of nearly USD 5.40 billion.

The market is projected to grow at a CAGR of 13% between 2024 and 2032.

The major drivers of the industry, such as rising demand for lightweight and high-performance materials, growing demand from aviation industry, rising energy demands, and growing customer preference are aiding the market growth.

The extensive use of the product in sectors such as defence and rising technological advancements are expected to aid the ceramic matrix composites market growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major composite types in the market include silicon carbide reinforced silicon carbide, carbon reinforced carbon, and oxide, among others.

Short fibre and continuous fibre are the significant fibre types of the product in the industry.

Alumina fibre, refractory ceramic fibres, and SiC fibre, among others are the major fibre materials in the industry.

Aerospace and defence, automotive, energy and power, electronics and electricals, among others, are the significant applications of the product in the industry.

The major players in the industry are Specialty Materials, Inc., Applied Thin Films Inc., CoorsTek, Inc., Ultramet, Inc., and COI Ceramics, Inc., among others.

Analyst Review

The global ceramic matrix composites market attained a value of USD 5.40 billion in 2023, driven by the growing demand for lightweight materials with high-performance capacity, mainly in the defence sector. Aided by the shifting customer preference and rising technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 13%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its composite type, the industry is segmented into silicon carbide reinforced silicon carbide, carbon reinforced carbon, and oxide, among others. The industry can be bifurcated, based on its fibre type, into short fibre and continuous fibre. On the basis of fibre material, the market can be divided into alumina fibre, refractory ceramic fibres, and SiC fibre, among others. On the basis of application, the industry is divided into aerospace and defence, automotive, energy and power, electronics and electricals, among others. The major regional markets for ceramic matrix composites are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Specialty Materials, Inc., Applied Thin Films Inc., CoorsTek Inc., Ultramet, Inc., and COI Ceramics, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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