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The global ceramic matrix composites market size 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%.
Figure: Aerospace latest data for backlog
Ceramic matrix composites (CMCs) represent a cutting-edge class of materials featuring ceramic fibres nestled within a ceramic matrix structure. Common types include silicon carbide reinforced silicon carbide (SiC/SiC), carbon-reinforced carbon (C/C), and oxide-oxide (Ox/Ox). These versatile materials find widespread utility in gas turbines, structural re-entry thermal protection, heat exchangers, and fusion reactor walls. Distinguished by their lightweight nature and ability to withstand high temperatures, CMCs offer exceptional chemical stability and durability against everyday wear and tear. With superior attributes like stiffness, thermal shock resistance, and dimensional stability, CMCs play a pivotal role in diverse industries spanning automotive, electrical, electronics, and power generation.
Rising demand for lightweight, high-performance materials, particularly in the defence sector, propels the global ceramic matrix composites (CMCs) market growth. Applications like infrared domes and sensor protection underscore their significance. Notable for their exceptional heat resistance and mechanical prowess, CMCs benefit from ongoing technological advancements and evolving consumer preferences, fostering continued market expansion.
Robust growth in the global automotive industry, coupled with the high-temperature stability, reduced weight, and enhanced strength of ceramic matrix composites (CMCs), is aiding ceramic matrix composites market development.
October 2023
RATH Group collaborated with the InVECOF project to advance oxide fibre production in Europe for ceramic matrix composites (CMCs).
October 2023
DITF Denkendorf focused on enhancing carbon fiber sustainability through low-pressure stabilisation and bio-based precursors.
September 2023
GE Aerospace elevated ceramic matrix composite (CMC) production to address aviation's demand for swifter, more efficient engines.
June 2023
The University of Sheffield Advanced Manufacturing Research Centre (AMRC), UK, collaborated with Archer Technicoat Limited, TISICS Metal Composites, and Cygnet Texkimp on Continuous Interface Coating for Silicon Carbide (SiC) composites, or CICSiC.
Significant growth in the automotive industry
Automotive manufacturers prioritise lightweight composite materials over heavy steel and iron, leveraging CMCs for their high tensile strength and heat resistance, enhancing vehicle performance and fuel efficiency.
Rising adoption in the aerospace sector
CMCs are extensively utilised in aerospace for crafting various aircraft components such as engine nozzles, nose caps, tail cones, fins, rudders, leading edges, body flaps, and panels.
Development of novel multifunctional ceramic matrix composites
Nanoscience and nanotechnology are leveraged to enhance the properties, toughness, and electrical conductivity of innovative multifunctional CMCs.
Increasing CMC applications in electronic circuits
CMCs are experiencing market growth driven by their heightened use in electronic circuits, attributed to their superior thermal conductivity.
Application and adoption of CMCs in LED, laser diodes, artificial teeth, and fuel cells
Ceramic matrix composites market growth is aided by the broad adoption of CMCs in LED, laser diodes, artificial teeth, and fuel cells, indicating a positive market trend.
The automotive industry's global expansion drives market optimism for Ceramic Matrix Composites (CMCs), favoured for their strength and heat tolerance. Aerospace sectors also embrace CMCs for diverse applications, from engine components to body panels. Innovations in nanoscience escalates ceramic matrix composites market development through enhanced properties, while their high thermal conductivity spurs adoption in electronic circuits. Additionally, CMCs find utility in LED, laser diodes, and fuel cells, further boosting market growth. Their role extends to manufacturing bullet-proof armour and insulation, diversifying applications, and market prospects.
Robust research and development efforts, along with the widespread use of ceramic matrix composites (CMCs) in high-speed mechanical components and power transmission lines, support market growth. Increased demand for SIC/SIC, driven by aerospace and defence equipment manufacturing, particularly in the U.S. and emerging markets, further fuels ceramic matrix composites market expansion. Stringent environmental standards promoting lightweight and fuel-efficient materials also contribute. Major players maintain production amid pandemic challenges, adapting to ensure supply chain resilience and product availability in a dynamic global environment.
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Global Ceramic Matrix Composites Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Composite Type
Market Breakup by Fibre Type
Market Breakup by Fibre Material
Market Breakup by Application
Market Breakup by Region
Continuous fibres are expected to hold significant ceramic matrix composites market share owing to improved properties offered by continuous fibres.
Continuous fibre type ceramic matrix composites (CMCs) are expected to witness the second-highest CAGR within the forecast period. This segment, categorised based on fibre type alongside short fibres and others, is witnessing significant advancements driven by ongoing research and development. Innovations focusing on materials like hafnium carbide (HfC), zirconium carbide (ZrC), and other ceramic composites are enhancing CMC properties for high-temperature applications. As a result, continuous fibre CMCs are projected to exhibit substantial growth from 2023 to 2028.
As per the ceramic matrix composites market analysis, successful applications of the ceramic matrix composite (CMC) include lightweight components in combustion environments, aerospace equipment like telescopes, heat treatment apparatus such as charging racks, and frictional components like brake disks and clutch linings. Short-fibre composites, composed of materials like non-oxide alumina and oxide alumina, are further reinforced with zirconium oxides, silicon carbide, titanium boride, and aluminium nitride to enhance the ceramic matrix.
Aerospace and defence sector is expected to hold significant ceramic matrix composites market share as diverse application and adoption of CMCs for manufacturing.
During the historical period, the aerospace and defence segment dominated the market, contributing significantly to global revenue. The demand in this segment is expected to be driven by consumer preference for manufacturing various aircraft components such as noses, rudders, fins, leading edges, body flaps, hot structures, tiles, and panels.
These composites, known for their excellent impact strength and high hardness, are ideal for producing bullet-proof armour and insulation in small arms weapons platforms. Additionally, ceramic materials are often transparent to certain types of energy, light, etc., making them valuable for applications like infrared domes, sensor protection, and multi-spectral windows.
The energy and power segment is projected to be the fastest-growing application area for CMC materials. Their properties, including high-temperature stability, oxidation resistance, and radiation tolerance, make them suitable for both fission and fusion applications.
CMCs find extensive use in the electronics industry as isolators and in electronic circuits due to their high thermal conductivity. Furthermore, their applications in ceramics for laser diodes, LEDs, artificial teeth, fuel cells, etc., are expected to further drive market growth.
The market players are increasing their collaboration, partnership, and research and development activities to gain a competitive edge in the market.
Specialty Materials, Inc., founded in 1998 and headquartered in Oklahoma, United States, specialises in producing a variety of products including boron filaments, boron prepreg products, silicon carbide fibre, and boron nanopowder.
Applied Thin Films Inc., established in 1998 in Illinois, United States, offers ceramic matrix composites, ultra thin films, high temperature sealants, and self-healing surfaces among its range of products and services.
CeramTec GmbH, founded in 2010 and based in Plochingen, Germany, provides products and services such as 3D printing, catalyst carriers, dielectric and capacitors, and metal matrix composites.
CoorsTek Inc., with origins dating back to 1910 and headquartered in Colorado, United States, specialises in producing a diverse range of materials including alumina, aluminum nitride, boron carbide, carbon/graphite, and magnesia.
Other key players in the ceramic matrix composites market include Lancer Systems, Rolls-Royce plc, Ultramet, and COI Ceramics, Inc., among others.
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North America is a prominent region due to the high adoption of CMC products across several industries with focus on aerospace and defence
In 2022, North America emerged as the dominant market, commanding around half of the total revenue share. This was fuelled by major aviation industries' investments in developing ceramic matrix components and collaborations with government agencies to enhance defence equipment, driving the demand for ceramic matrix composites in the region.
According to the ceramic matrix composites market report, in Asia Pacific, the overconsumption of oil has spurred the pursuit of energy security through alternative sources like natural gas, positioning ceramic matrix composites market to play a pivotal role. Moreover, the growing demand for fuel-efficient aircraft engines is set to bolster the demand for CMC market, aiming to reduce operational costs.
Central and South America are poised to benefit from technological advancements in the aerospace industry, establishing the region as a key manufacturing hub for the U.S. aviation sector. Increased demand across aerospace, automotive, electrical & electronics, and energy & power sectors will further propel ceramic matrix composites market growth.
Africa's lower production costs have attracted significant foreign investments, driving market growth. Additionally, technological advancements in aerospace production are expected to stimulate demand for ceramic matrix composites in the region.
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:
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Breakup by Composite Type |
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Breakup by Fibre Type |
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Breakup by Fibre Material |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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 CeramTec GmbH
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 CoorsTek, 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 Lancer Systems
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 Rolls-Royce plc
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Ultramet
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 COI Ceramics, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 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
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 market are Specialty Materials, Inc., Applied Thin Films Inc., CeramTec GmbH, CoorsTek, Inc., Lancer Systems, Rolls-Royce plc, Ultramet, and COI Ceramics, Inc., among others.
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 players in the market are Specialty Materials, Inc., Applied Thin Films Inc., CeramTec GmbH, CoorsTek, Inc., Lancer Systems, Rolls-Royce plc, Ultramet, 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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