The ceramic matrix composites market size is projected to grow USD 11.9 billion in 2022 and is projected to reach USD 21.6 billion by 2028, at a CAGR of 10.5% from 2023 to 2028. During the forecast period, the global ceramic matrix composites market is expected to grow in the coming years, driven by increasing demand from various industries such as automotive, and aerospace. The market is also expected to benefit from technological advancements in ceramic matrix composites manufacturing processes, making the material stronger, lighter, and more durable.
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Based on fiber type, Woven fibers are commonly used as reinforcement in ceramic matrix composites (CMCs). In woven ceramic matrix composites, the continuous fibers are arranged in a woven pattern and embedded within a ceramic matrix material. This arrangement provides enhanced mechanical properties and allows for improved load distribution within the composite structure. The woven fiber reinforcement in CMCs provides improved mechanical properties, such as tensile strength, flexural strength, and fracture toughness. The interlocking arrangement of fibers distributes the applied load more effectively, preventing crack propagation and enhancing the overall structural integrity of the composite. The woven fibers segment is expected to register the second-highest share of the ceramic matrix composites market due to the increased use of ceramic matrix composites. For example, Companies such as GE Aviation, BJS Ceramics, MATECH, and NGS Advanced Fibers Co. Ltd., have their in-house weaving process, specifically designed for weaving ceramic fiber tow into the woven form. This commercial use of woven fiber driving the ceramic matrix composites market.
Based on matrix type, The C/SiC segment is expected to have the second largest share of the ceramic matrix composites market in 2022 by value. C/SiC (Carbon/Silicon Carbide) is a common type of Ceramic Matrix Composite (CMC) that utilizes a carbon fiber reinforcement within a silicon carbide matrix. The C/SiC composite combines the high strength and stiffness of carbon fibers with the excellent thermal and chemical properties of silicon carbide. C/SiC composites find applications in high-temperature environments, such as aerospace, defense, and industrial sectors. They are used in components like rocket nozzles, thermal protection systems for spacecraft, gas turbine engine components (e.g., combustor liners, shrouds), and brake systems for high-performance vehicles.
Based on end-use industry, the automotive industry segment is expected to have the second-highest share ceramic matrix composites market in 2022. One of the primary advantages of ceramic matrix composites in the automotive industry is their ability to contribute to lightweighting. ceramic matrix composites are lighter than traditional metal materials, such as steel and aluminum, while still providing high strength and stiffness. By incorporating ceramic matrix composites into vehicle components, automakers can reduce the overall weight of the vehicle, leading to improved fuel efficiency and reduced emissions. ceramic matrix composites can also be employed in structural applications within the automotive industry. For example, ceramic matrix composites can be used in the construction of lightweight body panels, chassis components, and suspension parts. These applications benefit from the high strength-to-weight ratio of ceramic matrix composites, enabling improved performance, fuel efficiency, and handling characteristics. Superior properties of ceramic matrix composites driving the market in automtive industry.
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Based on Region, Europe was the second largest market for the ceramic matrix composites in 2022, with France being the largest market in the region. The aerospace sector in Europe is a major driver for ceramic matrix composites demand. ceramic matrix composites are increasingly used in aircraft engine components, such as turbine blades and shrouds, to improve fuel efficiency and reduce emissions. European aerospace companies, including Airbus and Rolls-Royce, have been actively investing in ceramic matrix composites technology and incorporating it into their next-generation aircraft engines. The European automotive industry is also exploring the potential of ceramic matrix composites for lightweighting and high-performance applications. ceramic matrix composites can contribute to weight reduction in vehicles, leading to improved fuel efficiency and reduced carbon emissions. Research and development initiatives in Europe are focused on developing ceramic matrix composites for various automotive components, including brake systems, exhaust systems, and engine parts.
Major players operating in the ceramic matrix composites market include General Electric (US), Rolls-Royce PLC (UK), SGL Carbon (Germany), Raytheon Technologies Corporation (US), Axiom Materials Inc. (US), CoorsTek (US), Lancer Systems (US), COI Ceramics (US), Applied Thin Films (US), Ultramet (US), CFC Carbon co., ltd. (China). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe, and Asia Pacific. They have an established portfolio of reputable products and services, a robust market presence, and strong business strategies. Furthermore, these companies have a significant market share, products with wider applications, broader geographical use cases, and a larger product footprint.
Recent
Developments in Ceramic Matrix Composites Market Industry
· In April 2023, SGL Carbon announced a new partnership with Lancer Systems to develop ceramic matrix composites for use in thermal protection systems. The partnership with Lancer Systems will focus on the development of ceramic matrix composites for use in thermal protection systems. Thermal protection systems are used to protect aircraft and spacecraft from the high temperatures generated during atmospheric re-entry. ceramic matrix composites are a promising new material for this application because they can withstand high temperatures and are lightweight.
· In January 2023, Rolls-Royce signed a Memorandum of Understanding with the University of Sheffield in the UK to collaborate on the development of new ceramic matrix composite materials.
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In April 2021, NIAR
Automated Technologies Laboratory for Aerospace Systems (ATLAS) partnered with
Axiom Materials for investigating the automated fiber placement (AFP) of
AX-7810-610, a solvent-based ceramic matrix composites prepreg that can be used
for high-temperature applications such as engine components. Several material
variants were slit using NIAR slitter capable of continuous in-process
inspections to investigate the slit-tape quality in order to ensure that the
material will process through the AFP system without producing manufacturing
defects.
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