Global Ceramic Matrix Composites Market Report and Forecast 2024-2032

Global Ceramic Matrix Composites Market Report and Forecast 2024-2032


Market Outlook

According to the report by Expert Market Research (EMR), the global ceramic matrix composites market is projected to grow at a CAGR of 8.9% between 2024 and 2032. Aided by the escalating demand in aerospace, automotive, and energy sectors, the market is expected to grow significantly by 2032.

CMCs are materials composed of ceramic fibres embedded in a ceramic matrix. Their unique combination of high-temperature resistance, lightweight, and superior strength makes them ideal for applications where traditional materials fall short. Unlike conventional ceramics, CMCs exhibit enhanced toughness and are less prone to fracturing under stress, thanks to their fibre-reinforced structure.

The primary impetus behind the burgeoning ceramic matrix composites market growth is the aerospace industry. The demand for more efficient, lightweight, and heat-resistant components in aircraft engines and structures has led to the adoption of CMCs. They are increasingly used in jet engines, turbine blades, and other components where conventional materials cannot withstand the extreme temperatures and stresses.

In the automotive sector, the push towards more efficient and lightweight vehicles for enhanced fuel efficiency and reduced emissions is boosting the ceramic matrix composites market demand. They are used in brake systems, exhaust components, and heat shields, among other applications.

The energy sector also presents substantial opportunities for CMCs. Their heat resistance and durability make them suitable for use in various energy generation applications, including gas turbines and nuclear reactors.

Technological advancements are influencing the ceramic matrix composites market outlook. Innovations in manufacturing processes, such as 3D printing and novel fabrication techniques, have enabled more efficient and cost-effective production of CMCs. Additionally, ongoing research is focused on developing new matrix and fibre materials to enhance the performance and reduce the cost of CMCs.

Geographically, North America leads the CMC market, driven by robust aerospace and defence sectors. The region's technological prowess and substantial investments in research and development contribute to its dominant position. Europe and Asia Pacific also hold significant shares in the market, with Europe benefiting from its advanced automotive industry and Asia Pacific from its rapidly growing aerospace sector.

Market Segmentation

The market can be divided based on composite type, fibre type, fibre material, application, and region.

Market Breakup by Composite Type
  • Silicon Carbide Reinforced Silicon Carbide
  • Carbon Reinforced Carbon
  • Oxide/Oxide
  • Others
Market Breakup by Fibre Type
  • Short Fibre
  • Continuous Fibre
Market Breakup by Fibre material
  • Alumina Fibre
  • Refractory Ceramic Fibres
  • SiC Fibre
  • Others
Market Breakup by Application
  • Aerospace and Defence
  • Automotive
  • Energy and Power
  • Electronics and Electricals
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global ceramic matrix composites market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Specialty Materials, Inc.
  • Applied Thin Films, Inc.
  • CoorsTek, Inc.
  • COI Ceramics, Inc.
  • Ultramet, Inc.
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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/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

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