Ceramic Matrix Composites Market Research Report, Size , Growth, Trends, Opportunity Analysis, Industry Forecast - 2024-2028

Published: Feb 2024 Pages: 142 SKU: IRTNTR77547

US Ceramic Matrix Composites (CMCs) Market Forecast 2024-2028

The US ceramic matrix composites (CMCs) market size is forecast to increase by USD 1,251.87 million, at a CAGR of 11.08% between 2023 and 2028. The growth rate of the market depends on several factors, including government initiatives and funding, the technological advancements in manufacturing processes, and the growing demand for energy-efficient systems. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018-2022, besides analyzing the current market scenario. 

What will be the  Market Size During the Forecast Period?

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Market Definitions

Ceramic fibers embedded in a ceramic matrix create ceramic matrix composites, which are highly effective at withstanding high temperatures and resisting corrosion. The ceramic matrix composites (CMCs) market in US is made up of sales of unique composite materials in which ceramic is used as both the matrix material and the reinforcement (refractory fibers).

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Market Dynamics 

Our researchers analyzed the market research and growth data with 2023  as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Market Growth Analysis Driver

Government initiatives and funding is the key factor driving market growth. The US Government is investing in the R&D of advanced materials, to promote innovation and technology transfer. For instance, the US government has been investing in advanced materials R&D programs to support the growth of the advanced materials industry, including this. The National Aeronautics and Space Administration (NASA) has been developing advanced ceramic matrix composites for various applications, such as rocket engines and thermal protection systems.

Moreover, the US government provides funding for developing new manufacturing processes and technologies that help the production of high-quality and cost-effective. The development of advanced manufacturing processes, such as additive manufacturing, has enabled the production of complex ceramic matrix composite structures that were impossible with traditional manufacturing methods. This has led to increased funding for R&D activities related to such composites, which will drive the expansion of the market during the forecast period.

Significant  Market Trends and Analysis

The emergence of new applications is the primary trend in the market. The ceramic matrix composites (CMCs) market in US is also seeing the emergence of new applications in areas such as healthcare, electronics, and energy. For instance, they are being used in medical implants and electronic components due to their biocompatibility and thermal management properties; they have found new applications in various industries, such as healthcare, electronics, and energy, in addition to their traditional use in aerospace, automotive, and defense. 

Furthermore, these composites are used as thermal management materials in electronic components, such as heat sinks, in the electronics industry due to their high thermal conductivity and high-temperature resistance properties. They are also being used to produce substrates for microelectronic devices, such as microprocessors, to improve their thermal management capabilities. Also, they have applications in wind turbines, gas turbines, and nuclear reactors in the energy industry due to their high-temperature resistance properties. Thus, such factors are expected to drive evolution in the market during the forecast period.

Major Challenge

High cost than traditional materials is a major challenge that affects market expansion. Ceramic matrix composites are often more expensive than traditional materials like metals or polymers. This is due to the complex manufacturing processes involved in producing, which require specialized equipment and skilled labor. The high cost can make them less competitive in price-sensitive markets and limit their adoption in certain industries. They are made by combining ceramic fibers, which requires a complex manufacturing process involving high temperatures, specialized equipment, and skilled labor. The cost of raw materials and the energy required to produce them are also higher than those of traditional materials like metals or polymers.

However, the availability of raw materials and production capacity still limit production due to their higher cost. The demand is growing, but the supply chain for these materials is still developing, resulting in limited manufacturing facilities. The low volume production also makes it harder to achieve economies of scale, which can further increase the cost. The high cost can make them less competitive in price-sensitive markets, limiting their adoption in certain industries. Thus, such factors may impede market expansion during the forecast period. 

Segmentation by Application, Product, and Type

Application Analysis

The market share by the aerospace and defense segment will be significant during the forecast years. Because of their fracture toughness and capacity to tolerate high thermomechanical loading, ceramic matrix composites find application in the aviation industry in the manufacturing of structural nozzles, braking systems, engine components, and thermal barriers. High-temperature resistance, damage tolerance, and corrosion resistance make them suitable for application compared with metal and other alloys.

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The aerospace and defense segment accounted for USD 790.31 million in 2018. Furthermore, reducing the weight of aerospace components results in low fuel consumption and emissions. Further, aircraft gas turbine engines constitute the leading application of ceramic matrix composites. Therefore, the growth of the commercial aircraft gas turbine engine market and the light aircraft market in the US will boost the demand. Thus, growing innovations and investments will be expected to drive the growth of the ceramic matrix composites (CMCs) market in US during the forecast period.

Product Analysis 

The oxide?segment will account for the largest share of this segment.?Oxides, like alumina and zirconia, are advanced materials combining ceramics with metallic oxides. They excel in high-temperature applications in aerospace, defense, and energy. Alumina matrix composites offer thermal conductivity, while zirconia matrix composites provide toughness. Continued research promises expanded applications in industries like transportation. Thus, this segment tends to grow and hence propels the growth of the ceramic matrix composites (CMCs) market in US during the forecast period.

Key Companies

Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

  • 3M Co.: The company offers ceramic matrix composites such as 3M Nextel Ceramic Fibers that is made of continuous polycrystalline metal oxide fibers with a filament diameter of 8 to 14 micrometre.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including: 

applied thin films inc., Axiom Materials, CeramTec GmbH, COIC, Compagnie de Saint Gobain, CoorsTek Inc., General Electric Co., Kyocera Corp., LANCER SYSTEMS, Rolls Royce Holdings Plc, Safran SA, SGL Carbon SE, Spirit AeroSystems Inc., Starfire Systems Inc., Ube Corp., and Ultramet

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report predicts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018-2028. 

  • Application Outlook 
    • Aerospace and defense
    • Automotive
    • Power and energy
    • Others
  • Product Outlook
    • Oxide
    • Silicon carbide
    • Carbon
  • Type Outlook 
    • Continuous
    • Woven

Market Analyst Overview:

The market thrives on high-temperature stability vital for demanding sectors like the chemical industry and aerospace and defense equipment. These composites, incorporating carbon fiber and oxides like SiC/SiC, are integral to high-end sports equipment and fighter planes. With a focus on meeting stringent environmental standards, they find applications in fuel cells and energy and power systems. Competitive benchmarking drives innovation, with companies leveraging historical data & forecasts to capitalize on regional opportunities.

The market showcases latest trends & dynamics, emphasizing application insights across aerospace, energy, and power sectors. Notably, isolation capabilities enhance safety, while CFRP products and other innovations fuel growth in military and aerospace sectors. As demand surges, the ceramic matrix composites (CMCs) market in US continues to evolve, catering to diverse industries with cutting-edge solutions.

US Ceramic Matrix Composites (CMCs) Market Scope

Report Coverage

Details

Page number

142

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.08%

Market Growth 2024-2028

USD 1251.87 million

Market structure

Fragmented

YoY growth 2023-2024(%)

10.48

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., applied thin films inc., Axiom Materials, CeramTec GmbH, COIC, Compagnie de Saint Gobain, CoorsTek Inc., General Electric Co., Kyocera Corp., LANCER SYSTEMS, Rolls Royce Holdings Plc, Safran SA, SGL Carbon SE, Spirit AeroSystems Inc., Starfire Systems Inc., Ube Corp., and Ultramet

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across US
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 08: Parent market
    • Exhibit 09: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 10: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 11: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 12: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 13: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 14: Chart on US: Year-over-year growth 2023-2028 (%)
      • Exhibit 15: Data Table on US: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Ceramic matrix composites market in US 2018 - 2022
      • Exhibit 16: Historic Market Size – Data Table on ceramic matrix composites market in US 2018 - 2022 ($ million)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 17: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.3 Product Segment Analysis 2018 - 2022
      • Exhibit 18: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.4 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 27: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 28: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 29: Chart on Comparison by Application
      • Exhibit 30: Data Table on Comparison by Application
    • 6.3 Aerospace and defense - Market size and forecast 2023-2028
      • Exhibit 31: Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
      • Exhibit 32: Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
      • Exhibit 33: Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
      • Exhibit 34: Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
    • 6.4 Automotive - Market size and forecast 2023-2028
      • Exhibit 35: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 37: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 38: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 6.5 Power and energy - Market size and forecast 2023-2028
      • Exhibit 39: Chart on Power and energy - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Data Table on Power and energy - Market size and forecast 2023-2028 ($ million)
      • Exhibit 41: Chart on Power and energy - Year-over-year growth 2023-2028 (%)
      • Exhibit 42: Data Table on Power and energy - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 43: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 45: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 46: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 47: Market opportunity by Application ($ million)
      • Exhibit 48: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 49: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 50: Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Exhibit 51: Chart on Comparison by Product
      • Exhibit 52: Data Table on Comparison by Product
    • 7.3 Oxide - Market size and forecast 2023-2028
      • Exhibit 53: Chart on Oxide - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Data Table on Oxide - Market size and forecast 2023-2028 ($ million)
      • Exhibit 55: Chart on Oxide - Year-over-year growth 2023-2028 (%)
      • Exhibit 56: Data Table on Oxide - Year-over-year growth 2023-2028 (%)
    • 7.4 Silicon carbide - Market size and forecast 2023-2028
      • Exhibit 57: Chart on Silicon carbide - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Data Table on Silicon carbide - Market size and forecast 2023-2028 ($ million)
      • Exhibit 59: Chart on Silicon carbide - Year-over-year growth 2023-2028 (%)
      • Exhibit 60: Data Table on Silicon carbide - Year-over-year growth 2023-2028 (%)
    • 7.5 Carbon - Market size and forecast 2023-2028
      • Exhibit 61: Chart on Carbon - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Data Table on Carbon - Market size and forecast 2023-2028 ($ million)
      • Exhibit 63: Chart on Carbon - Year-over-year growth 2023-2028 (%)
      • Exhibit 64: Data Table on Carbon - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 65: Market opportunity by Product ($ million)
      • Exhibit 66: Data Table on Market opportunity by Product ($ million)

    8 Market Segmentation by Type

    • 8.1 Market segments
      • Exhibit 67: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 68: Data Table on Type - Market share 2023-2028 (%)
    • 8.2 Comparison by Type
      • Exhibit 69: Chart on Comparison by Type
      • Exhibit 70: Data Table on Comparison by Type
    • 8.3 Continuous - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Continuous - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on Continuous - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on Continuous - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Continuous - Year-over-year growth 2023-2028 (%)
    • 8.4 Woven - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Woven - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Woven - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Woven - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Woven - Year-over-year growth 2023-2028 (%)
    • 8.5 Market opportunity by Type
      • Exhibit 79: Market opportunity by Type ($ million)
      • Exhibit 80: Data Table on Market opportunity by Type ($ million)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Exhibit 81: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 82: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 83: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 84: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 85: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 86: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 87: Matrix on vendor position and classification
            • 12.3 3M Co.
              • Exhibit 88: 3M Co. - Overview
              • Exhibit 89: 3M Co. - Business segments
              • Exhibit 90: 3M Co. - Key news
              • Exhibit 91: 3M Co. - Key offerings
              • Exhibit 92: 3M Co. - Segment focus
            • 12.4 applied thin films inc.
              • Exhibit 93: applied thin films inc. - Overview
              • Exhibit 94: applied thin films inc. - Product / Service
              • Exhibit 95: applied thin films inc. - Key offerings
            • 12.5 Axiom Materials
              • Exhibit 96: Axiom Materials - Overview
              • Exhibit 97: Axiom Materials - Product / Service
              • Exhibit 98: Axiom Materials - Key offerings
            • 12.6 CeramTec GmbH
              • Exhibit 99: CeramTec GmbH - Overview
              • Exhibit 100: CeramTec GmbH - Product / Service
              • Exhibit 101: CeramTec GmbH - Key offerings
            • 12.7 COIC
              • Exhibit 102: COIC - Overview
              • Exhibit 103: COIC - Product / Service
              • Exhibit 104: COIC - Key offerings
            • 12.8 Compagnie de Saint Gobain
              • Exhibit 105: Compagnie de Saint Gobain - Overview
              • Exhibit 106: Compagnie de Saint Gobain - Business segments
              • Exhibit 107: Compagnie de Saint Gobain - Key news
              • Exhibit 108: Compagnie de Saint Gobain - Key offerings
              • Exhibit 109: Compagnie de Saint Gobain - Segment focus
            • 12.9 CoorsTek Inc.
              • Exhibit 110: CoorsTek Inc. - Overview
              • Exhibit 111: CoorsTek Inc. - Product / Service
              • Exhibit 112: CoorsTek Inc. - Key offerings
            • 12.10 General Electric Co.
              • Exhibit 113: General Electric Co. - Overview
              • Exhibit 114: General Electric Co. - Business segments
              • Exhibit 115: General Electric Co. - Key offerings
              • Exhibit 116: General Electric Co. - Segment focus
            • 12.11 LANCER SYSTEMS
              • Exhibit 117: LANCER SYSTEMS - Overview
              • Exhibit 118: LANCER SYSTEMS - Product / Service
              • Exhibit 119: LANCER SYSTEMS - Key offerings
            • 12.12 Rolls Royce Holdings Plc
              • Exhibit 120: Rolls Royce Holdings Plc - Overview
              • Exhibit 121: Rolls Royce Holdings Plc - Business segments
              • Exhibit 122: Rolls Royce Holdings Plc - Key news
              • Exhibit 123: Rolls Royce Holdings Plc - Key offerings
              • Exhibit 124: Rolls Royce Holdings Plc - Segment focus
            • 12.13 SGL Carbon SE
              • Exhibit 125: SGL Carbon SE - Overview
              • Exhibit 126: SGL Carbon SE - Business segments
              • Exhibit 127: SGL Carbon SE - Key offerings
              • Exhibit 128: SGL Carbon SE - Segment focus
            • 12.14 Spirit AeroSystems Inc.
              • Exhibit 129: Spirit AeroSystems Inc. - Overview
              • Exhibit 130: Spirit AeroSystems Inc. - Business segments
              • Exhibit 131: Spirit AeroSystems Inc. - Key offerings
              • Exhibit 132: Spirit AeroSystems Inc. - Segment focus
            • 12.15 Starfire Systems Inc.
              • Exhibit 133: Starfire Systems Inc. - Overview
              • Exhibit 134: Starfire Systems Inc. - Product / Service
              • Exhibit 135: Starfire Systems Inc. - Key offerings
            • 12.16 Ube Corp.
              • Exhibit 136: Ube Corp. - Overview
              • Exhibit 137: Ube Corp. - Business segments
              • Exhibit 138: Ube Corp. - Key offerings
              • Exhibit 139: Ube Corp. - Segment focus
            • 12.17 Ultramet
              • Exhibit 140: Ultramet - Overview
              • Exhibit 141: Ultramet - Product / Service
              • Exhibit 142: Ultramet - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 143: Inclusions checklist
                • Exhibit 144: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 145: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 146: Research methodology
                • Exhibit 147: Validation techniques employed for market sizing
                • Exhibit 148: Information sources
              • 13.5 List of abbreviations
                • Exhibit 149: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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