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Ceramic Matrix Composites Market will surge at 11 % CAGR.

Daisy Burton by Daisy Burton
December 23, 2022
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The market for ceramic matrix composites, or c.m.c., will grow at a healthy 11% CAGR, from $8.65 billion in 2021 to $9.61 billion in 2022 to $22.25 billion by 2030.

A class of composite materials constructed of ceramic fiber integrated into the ceramic matrix is referred to as “C.M.C.” (C.M.C.s) or C8H15NaO8. The inorganic, non-metallic solids known as C.M.C.s are crystalline in nature. Unlike conventional technical ceramics, C.M.C.s have properties that make them more resistant to cracking and less likely to rupture under heavy loads. A matrix material, which effectively holds everything together, with reinforcement, which provides unique mechanical qualities like stiffness or strength, makes up composite materials. C.M.C.s are a particular kind of composite material where the reinforcement (refractory fibres) and matrix (ceramic) are both ceramic. Carbon and carbon fibres, often known as carbon-fiber-reinforced carbon, are also thought of as ceramic materials.

Market Dynamics

DRIVERS:

  • Due to their tensile strength & heat tolerance, C.M.C.s are ideal to be used in automotive applications. C.M.C.s are necessary for automotive engine components produced by automakers. As a result, the market for C.M.C. has grown. They are heat-resistant and can operate with little to no cooling, which lessens the requirement for cooling the air in engines. It is projected that C.M.C., with these attributes, will replace metal components and traditional alloys in automotive engines, resulting in lighter and more efficient vehicles. Developing countries like China, India, & Japan are seeing faster increases in automobile production. Reduced tariffs on imported vehicles are one of the factors that will drive the demand for composites containing ceramic matrix in the automotive industry.
  • Due to an increase in demand for lightweight cars, the C.M.C. market is growing on a global scale. Thanks to the increase in demand for light electric vehicles, manufacturers are now concentrating on using lightweight composite materials as a replacement for expensive steel and iron in autos. According to McKinsey, the automotive industry will use 70% more light materials in 2030 than it does now. The demand for C.M.C. will therefore be driven by the increasing demand for lightweight vehicles.

RESTRAINTS:

The cost of C.M.C. is influenced by the ceramic fibers’ pricing. Despite having roughly the same application domains as other metals and alloys, ceramic composites are much more expensive. Furthermore, only a small amount of Si and aluminium carbide fibres are still produced globally.

OPPORTUNITIES

The adoption of cutting-edge biosurgical products is on the rise in emerging nations. Large patient populations for the target indications (cardiovascular, gynecological, and orthopaedic illnesses), expanding health awareness, increasing medical tourism, rising healthcare spending, and quickly evolving healthcare infrastructure are characteristics of the markets in emerging nations. In emerging economies, medical procedures are considerably less expensive than in industrialized ones. Government organizations in these regions are also taking steps to assist their particular healthcare systems, which fosters market growth and increases opportunities for Ceramic Matrix Composites.

Huge expenditures in cutting-edge technology like ultra-high temperature C.M.C. could open up a wealth of growth potential for the industry. Recent research on ultra-high heat ceramics (UHTCs) has demonstrated their exceptional erosion resistance with temperatures as high as 2000°C. However, they can’t withstand thermal shocks. The C3HARME project intends to combine the best aspects of C.M.C.s with UHTCs to create UHTCMCs, or hyper-temperature ceramic matrix composites, which have the ability to self-heal. Therefore, it is anticipated that the creation of new goods using C.M.C.s will present a wide range of prospects in the next years.

Market Segmentation

The market is bifurcated into:

Product Type

  •       C/SIC C.M.C
  •       C/C C.M.C
  •       SIC/SIC C.M.C
  •       Oxide/Oxide C.M.C

End-User

  •       Automotive
  •       Defense
  •       Aerospace
  •       Electrical & Electronics
  •       Energy & Power
  •       Others

 Geography

North America

  • U.S.A./America
  • Mexico
  • Canadian Provinces
  • Rest of N.A.

Europe

  • Suomi
  • Germany
  • Hungary
  • France
  • U.K.
  • Netherlands
  • Turkey
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Remaining APAC

LAMEA

  • Argentina
  • Saudi Arabia
  • Brazil
  • Uruguay
  • Rest of L.A.M.E.A.

Based on Product, the SIC/SIC CMC segment dominated the market in 2020 with a sizable share of 39%. Due to its qualities, such as resistance to extreme temperature and oxidation, carbon fiber is widely used in the construction of wind turbines to sustain high applications. Additionally, production & use in the power and energy sector have been expanding due to the amazing oxidation and radiation-resistant features of carbon fiber-made wind turbines.

The aerospace industry was the largest market by end-user in 2020, with a share value of 35%. The need for producing aircraft fins, body flaps, rudders, leading edges, tiles, panels, and hot structures is expected to surge because of factors including changing consumer preferences, which will also fuel the segment’s overall expansion. The worldwide aircraft fleet, according to S.M.R., was 27,884 units in 2020 and is anticipated to increase to 38,189 units by the year 2032.

In terms of regions, North America had the most proportion in 2020—44%. The presence of a significant aviation sector, investment opportunities in creating ceramic matrix elements for producing aviation components, and partnerships with government entities for improving defense equipment are the major drivers of the segment, with North America holding the largest share.

Key Companies

  • General Electric CompanyRolls-Royce
  • SGL Carbon
  • Axiom Materials Inc.
  • 3M 
  • United Technologies
  • C.O.I. Ceramics
  • Lancer Systems 
  • CoorsTek
  • Applied Thin Films
Tags: ceramic matrix compositesceramic matrix composites marketremarkable mechanical
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