Ceramic Matrix Composites Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Ceramic Matrix Composites Market is segmented by Product Type (C/C Ceramic Matrix Composites, C/SIC Ceramic Matrix Composites, Oxide/Oxide Ceramic Matrix Composites, and SIC/SIC Ceramic Matrix Composites), Application (Automotive, Aerospace, Defence, Energy & Power, Electrical & Electronics, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East & Africa). The report offers market size and forecasts for Ceramic Matrix Composites in value (USD Million) for all the above segments.

Ceramic Matrix Composites Market Snapshot

Ceramic Matrix Composites Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: >10 %
Ceramic Matrix Composites Market Key Players

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Market Overview

The Ceramic Matrix Composites Market is projected to register a CAGR of over 10% during the forecast period (2021-2026).

Ceramic Matrix Composites are mostly used in aerospace sector (gas turbines, structural re-entry thermal protection) and energy sector (heat exchangers, fusion reactor walls) owing to its exceptional oxidation and radiation resistance properties. Ceramic Matrix Composites consumption is dominated by Aerospace industry. The outbreak of COVID-19 has affected many industries including aerospace and as well as general economic activities. The implementation of lockdowns across various countries has severly affected the aerospace industry. Whereas the slump in economic activity has affected the development in the establishment of new industries, and expansions, which has a severe impact on consumption of Ceramic Matrix Composites thereby affecting the market studied

  • Over the short term,increasing application of ceramic matrix composites in defense sector along with the exceptional performance properties of ceramic matrix composites at very high temperatures are driving the market demand
  • On the flip side, higher cost of production as compared to other metals & alloys are estimated to hinder the growth of the market studied.
  • North America accounts for the highest share of the ceramic matrix composite market and is expected to witness the highest growth rate during the forecast period

Scope of the Report

Ceramic Matrix Composites can be produced by either chemical vapor or liquid phase infiltration, polymer infiltration and pyrolysis (PIP), and hot press sintering techniques. The Ceramic Matrix Composites market is segmented by product type, end-user industry, and geography. By product type teh market is segmented by C/C Ceramic Matrix Composites, C/SIC Ceramic Matrix Composites, Oxide/Oxide Ceramic Matrix Composites, SIC/SIC Ceramic Matrix. By end-user industry, the market is segmented Automotive, Aerospace, Defense, Energy & Power, Electrical & Electronics, and other end-user industries. The report also covers the market size and forecasts for the Ceramic Matrix Composites in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD Million).

Product Type
C/C Ceramic Matrix Composites
C/SIC Ceramic Matrix Composites
Oxide/Oxide Ceramic Matrix Composites
SIC/SIC Ceramic Matrix Composites
End-user Industry
Automotive
Aerospace
Defense
Energy & Power
Electrical & Electronics
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

SIC/SIC Ceramic Matrix Composites to Drive the Market Growth

  • SiC/SiC ceramic matrix composites are majorly used for in gas turbines and are major alternatives for metallic alloys.
  • In the recent years, SiC/SiC ceramic matrix composites application in energy & power industry has been increasing owing to its exceptional oxidation and radiation resistance properties.
  • For instance, there are 33 wind farms at various stages of development throughout South Africa, including these two giant projects. The country has more than 1,365 wind turbines generators equaling 3,672 MW installed capacity of which 2,020 MW is fully operational. Also, due to country’s national COVID-19 lockdown, the project commenced in March 2020, and construction at this Northern Cape wind farm was halted and picked up pace in May 2020.
  • Besides this, exceptional performance properties of these composites at very high temperatures further add to the advantage of using these composites for application in the energy & power sector.
  • Owing to such favourable properties, and growing investments in energy and power sector, the demand for SiC/SiC matrix composites is projected to dominate the Ceramic Matrix Composites Market during the forecast period despite of the temporary impact caused by COVID-19.
Ceramic Matrix Composites Market Share

North America to Witness the Highest Growth Rate

  • North America accounts for the highest share of the global ceramic matrix composites market. Majority of the demand for the ceramic matrix comes from the end-user industries like aerospace & defense, energy, electrical & electronics, etc.
  • The aerospace & defense industry of the United States is the largest in the world. It is also the largest exporter of commercial aircrafts.
  • The United States has the largest aerospace industry in the world. According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to reach 8,270 by 2037, from 7,397 in 2018. Moreover, the US mainliner carrier fleet is expected to grow at a rate of 54 aircraft per year, as the existing fleet has been becoming older.
  • Moreover, In November 2020, the Senate was planning an investment of about USD 1.7 billion to buy 17 more F-35 fighter jets for the military in FY 2021. The plan includes an order of 12 F-35As for the Air Force and five F-35Cs for the Navy and Marine Corps, for a total of 96 jets in FY 2021.
  • The growing investments in the defense and aerospace sector in the region are contributing to the growth of the ceramic matrix composite market in the country.
  • Hence, owing to the above-mentioned trends North America is likely to dominate the Ceramic Matrix Composites Market during the forecast period.
Ceramic Matrix Composites Market Growth Rate By Region

Competitive Landscape

The ceramic matrix composites market is moderately fragmented as the market share is divided between many players. Key players in the market include 3M, CeramTec, COI Ceramics, Inc., CoorsTek Inc., and GENERAL ELECTRIC, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Application of Ceramic Matrix Composites in Defense Sector

      2. 4.1.2 Exceptional Performance Properties at Very High Temperatures

    2. 4.2 Restraints

      1. 4.2.1 Higher Cost of Production as Compared to Other Metals & Alloys

      2. 4.2.2 Impact of COVID-19 on the Market Studied

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 C/C Ceramic Matrix Composites

      2. 5.1.2 C/SIC Ceramic Matrix Composites

      3. 5.1.3 Oxide/Oxide Ceramic Matrix Composites

      4. 5.1.4 SIC/SIC Ceramic Matrix Composites

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Aerospace

      3. 5.2.3 Defense

      4. 5.2.4 Energy & Power

      5. 5.2.5 Electrical & Electronics

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Applied Thin Films, Inc.

      3. 6.4.3 CeramTec

      4. 6.4.4 COI Ceramics, Inc.

      5. 6.4.5 CoorsTek, Inc.

      6. 6.4.6 General Electric

      7. 6.4.7 Kyocera Corporation

      8. 6.4.8 Lancer Systems LP

      9. 6.4.9 Rolls-Royce Plc

      10. 6.4.10 SGL Carbon Company

      11. 6.4.11 Starfire Systems, Inc.

      12. 6.4.12 Ube Industries, Ltd.

      13. 6.4.13 Ultramet, Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing R&D related to Ceramic Matrix Composites

**Subject to Availability

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Frequently Asked Questions

The Ceramic Matrix Composites Market market is studied from 2016 - 2026.

The Ceramic Matrix Composites Market is growing at a CAGR of >10% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

3M, CeramTec, COI Ceramics, Inc., CoorsTek Inc., GENERAL ELECTRIC are the major companies operating in Ceramic Matrix Composites Market.

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