Ceramic Matrix Composites Market size was over USD 14.81 billion in 2024 and is poised to reach USD 58.19 billion by the end of 2037, witnessing around 11.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ceramic matrix composites is assessed at USD 16.13 billion. The growth of the sector could be dominated by the growing demand for power generation which is further estimated to be satisfied by wind energy. Wind energy all around the globe generated electricity of about 2099 TWh which is an increase of approximately 13% in the year 2022. Ceramic matrix composites are extensively used in the making of wind turbines. Hence, with the growing demand for wind energy, the market is also estimated to boost.
Additionally, there has been growth in carbon footprint all across the globe which is why governments of different nations are putting emphasis on renewable technology such as wind energy. Hence, they are investing heavily in building wind turbine projects further influencing the market expansion for ceramic matrix composites.
Growth Drivers
In 2022, approximately 66 million automobiles were sold worldwide up from 2021 when the sale was about 65 million units. The application for CMC in automotive sector is growing since they offer benefits including weight reduction and improvement in performance. Various automotive components such as brake discs and engine components consist of ceramic matrix composites.
There has been growing research on the use of ceramic matrix composites in medical instruments such as medical implants, prosthetics, and other devices. The major factors for its growing preference are its biocompatibility and good resistance to bodily conditions.
Between 2017 and 2021, the total number of small satellite launches rose from about 52 to approximately 1,742, representing almost 93 percent of all spacecraft launches. Hence, the market for ceramic matric composite is also slated to rise as this composite provides a heat shield to the spacecraft.
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
11.1% |
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Base Year Market Size (2024) |
USD 14.81 billion |
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Forecast Year Market Size (2037) |
USD 58.19 billion |
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Regional Scope |
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End-Use (Defense & Aerospace, Automotive, Energy & Power, Industrial)
The defense & aerospace segment in the ceramic matrix composites market is poised to grow at a share of 60% over the forecast period. Ceramic matrix composites (CMCs) are one of the fastest-growing developments in the worldwide aviation business, and they have grown more prevalent in the aerospace industry. Aerospace applications including propulsion, hot primary structures, exhaust, and thermal protection can benefit from CMC materials. Engine valves, turbines, and turbochargers are merely some of the components in aircraft technology that utilize CMCs.
Type [Carbon Reinforced Carbon (C/C), Silicon Carbide Reinforced Silicon Carbide (SIC/SIC), Oxide-Oxide (OX/OX), Silicon Carbide & Carbon (SIC/C)]
The silicon carbide reinforced silicon carbide (SIC/SIC) segment is set to generate a share of 50% by the end of 2037. SiC/SiC matrix composites are a form of ceramic matrix composite (CMC) which has gained prominence given their high-temperature material for usage in applications such as gas turbines as a replacement for metallic alloys. The SiC/SiC CMC can be adjusted to individual conditions by choosing the optimal fiber, fiber coating, fiber architecture, and matrix materials and methods. In recent years, the use of SiC/SiC ceramic matrix composites in the energy and power industries has expanded due to their remarkable oxidation and radiation resistance qualities.
Our in-depth analysis of the global market includes the following segments:
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Type |
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End-Use |
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North American Market Forecast
The ceramic matrix composites market in North America is poised to garner the share of about 40% over the forecast period. Some of the key elements anticipated to drive the CMC demand in North America include the presence of significant aviation sectors, their investments in the development of ceramic matrix components to produce aviation components, and their partnerships with government agencies for upgrading defense equipment.
APAC Market Analysis
The Asia Pacific ceramic matrix composites market is set to have the significant growth over the forecast period. Rapid urbanization and rising population have spurred construction activity throughout Asia Pacific, which is expected to further fuel product demand. Additionally, it is projected that increased disposable income, particularly in developing nations including China and India, will fuel industry expansion during the forecast period.
Author Credits: Rajrani Baghel
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