Covid-19 Impact on Ceramic Matrix Composites Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply of raw materials, which directly affected the manufacturing process. Further, the halt in many end-use industries directly affected the chemical demand all around the world.
Ceramic Matrix Composites Market Overview
The global Ceramic Matrix Composites Market is predicted to be worth USD 3.45 billion in 2021, at a CAGR of 12.8% from 2023 to 2030.
Global Ceramic Matrix Composites Market is expected to witness significant growth due to the growing demand for ceramic matrix composites in developing countries in the next few years. Ceramic matrix composites have low weight, high friction, and temperature-resistant properties; hence they have high demand in the automotive sector across developing countries such as India and China. In addition to this, these countries are adopting fuel-efficient aircraft engines, which are ceramic matrix composite based. The high economic growth in these countries, along with high urbanization, industrialization, and increased standards of living, plays an important role in the adoption of fuel-efficient cost-cutting machinery. All these aforementioned factors are expected to propel the growth of the global Ceramic Matrix Composites market in the forecast period.
Furthermore, the governments of many countries across the world are trying to reduce pollution and are encouraging the usage of fuel-efficient vehicles, which cause lesser pollution. Hence, the rising need to improve efficiency, cut fuel costs, lower pollution, and develop lightweight automobiles are boosting the demand for ceramic matrix composites. This crucial fact is projected to fuel the growth of the market in the forthcoming years.
On the downside, the high cost of CMCs as compared to other metal alloys may hamper the growth of the market. Besides this, the incorporation of low-cost production technologies is expected to provide lucrative opportunities for market development in the coming period.
Ceramic Matrix Composites Market Segment Overview
Based on composite type, the silicon carbide reinforced silicon carbide (SIC/SIC) segment held the major share in the market. SIC/SIC is broadly used in the high-temperature application, due to its properties such as resistance to high temperature and oxidation. Additionally, the rise in production and export of aerospace and defense equipment like fighter jets from countries such as the U.S., Germany, France, and the UK to developing countries has increased the demand for SIC/SIC.
According to fiber type, the continuous fiber segment has remarkable growth in the market. This is due to the increasing use of continuous fiber in gas turbines required in the manufacturing of fighter jet engines. In addition, the development of the aerospace & defense industry and an upsurge in production & export of military aircraft across developed and developing countries boosted the demand for continuous fiber. Eventually, this will be contributing more to the growth of the market in near future.
Ceramic Matrix Composites Market Regional Overview
Region-wise, North America is anticipated to dominate the overall market, throughout the forecast period. This can be attributed to the increasing consumption of ceramic matrix composites in the automotive, aerospace & defense, and electrical & electronics industries. Moreover, rising investments by key market players for R&D activities coupled with the expansion of their production capabilities & product portfolios are projected to enhance the growth of the North American ceramic matrix composites market.
Ceramic Matrix Composites Market, Key Players
· Rolls-Royce Plc.
· Coi Ceramics INC.
· SGL Group
· United Technologies
· Ceramtec
· Lancer Systems
· Coorstek Inc.
· Applied Thin Films
· Ultramet
· Composites Horizons
· Pyromeral Systems
· Precision Castparts Corp.
· Zircar Zirconia, Inc.
· United Composites B.V.
· Plasan North America
· General Electric Company
· Axiom Materials Inc.
· 3M Company
· CFC Carbon Co., Ltd.
Ceramic Matrix Composites Market Segmentation
Ceramic Matrix Composites Market, By Composite Type
· Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
· Carbon Reinforced Carbon (C/C)
· Oxide–Oxide (Ox/Ox)
· Others (Silicon Carbide and Carbon (SIC/C))
Ceramic Matrix Composites Market, By Fiber Type
· Short Fiber
· Continuous Fiber
Ceramic Matrix Composites Market, By Fiber Material
· Alumina Fibers
· Amorphous Ceramic Fibers (RCF)
· Silicon Carbide Fibers (SIC)
· Others
Ceramic Matrix Composites Market, By Application
· Aerospace & Defense
· Automotive
· Energy & Power
· Electricals & Electronics
· Others
Ceramic Matrix Composites Market, By Region
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply of raw materials, which directly affected the manufacturing process. Further, the halt in many end-use industries directly affected the chemical demand all around the world.
Ceramic Matrix Composites Market Overview
The global Ceramic Matrix Composites Market is predicted to be worth USD 3.45 billion in 2021, at a CAGR of 12.8% from 2023 to 2030.
Global Ceramic Matrix Composites Market is expected to witness significant growth due to the growing demand for ceramic matrix composites in developing countries in the next few years. Ceramic matrix composites have low weight, high friction, and temperature-resistant properties; hence they have high demand in the automotive sector across developing countries such as India and China. In addition to this, these countries are adopting fuel-efficient aircraft engines, which are ceramic matrix composite based. The high economic growth in these countries, along with high urbanization, industrialization, and increased standards of living, plays an important role in the adoption of fuel-efficient cost-cutting machinery. All these aforementioned factors are expected to propel the growth of the global Ceramic Matrix Composites market in the forecast period.
Furthermore, the governments of many countries across the world are trying to reduce pollution and are encouraging the usage of fuel-efficient vehicles, which cause lesser pollution. Hence, the rising need to improve efficiency, cut fuel costs, lower pollution, and develop lightweight automobiles are boosting the demand for ceramic matrix composites. This crucial fact is projected to fuel the growth of the market in the forthcoming years.
On the downside, the high cost of CMCs as compared to other metal alloys may hamper the growth of the market. Besides this, the incorporation of low-cost production technologies is expected to provide lucrative opportunities for market development in the coming period.
Ceramic Matrix Composites Market Segment Overview
Based on composite type, the silicon carbide reinforced silicon carbide (SIC/SIC) segment held the major share in the market. SIC/SIC is broadly used in the high-temperature application, due to its properties such as resistance to high temperature and oxidation. Additionally, the rise in production and export of aerospace and defense equipment like fighter jets from countries such as the U.S., Germany, France, and the UK to developing countries has increased the demand for SIC/SIC.
According to fiber type, the continuous fiber segment has remarkable growth in the market. This is due to the increasing use of continuous fiber in gas turbines required in the manufacturing of fighter jet engines. In addition, the development of the aerospace & defense industry and an upsurge in production & export of military aircraft across developed and developing countries boosted the demand for continuous fiber. Eventually, this will be contributing more to the growth of the market in near future.
Ceramic Matrix Composites Market Regional Overview
Region-wise, North America is anticipated to dominate the overall market, throughout the forecast period. This can be attributed to the increasing consumption of ceramic matrix composites in the automotive, aerospace & defense, and electrical & electronics industries. Moreover, rising investments by key market players for R&D activities coupled with the expansion of their production capabilities & product portfolios are projected to enhance the growth of the North American ceramic matrix composites market.
Ceramic Matrix Composites Market, Key Players
· Rolls-Royce Plc.
· Coi Ceramics INC.
· SGL Group
· United Technologies
· Ceramtec
· Lancer Systems
· Coorstek Inc.
· Applied Thin Films
· Ultramet
· Composites Horizons
· Pyromeral Systems
· Precision Castparts Corp.
· Zircar Zirconia, Inc.
· United Composites B.V.
· Plasan North America
· General Electric Company
· Axiom Materials Inc.
· 3M Company
· CFC Carbon Co., Ltd.
Ceramic Matrix Composites Market Segmentation
Ceramic Matrix Composites Market, By Composite Type
· Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
· Carbon Reinforced Carbon (C/C)
· Oxide–Oxide (Ox/Ox)
· Others (Silicon Carbide and Carbon (SIC/C))
Ceramic Matrix Composites Market, By Fiber Type
· Short Fiber
· Continuous Fiber
Ceramic Matrix Composites Market, By Fiber Material
· Alumina Fibers
· Amorphous Ceramic Fibers (RCF)
· Silicon Carbide Fibers (SIC)
· Others
Ceramic Matrix Composites Market, By Application
· Aerospace & Defense
· Automotive
· Energy & Power
· Electricals & Electronics
· Others
Ceramic Matrix Composites Market, By Region
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Ceramic Matrix Composites Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Composite Type
- 5.2.1. Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
- 5.2.2. Carbon Reinforced Carbon (C/C)
- 5.2.3. Oxide–Oxide (Ox/Ox)
- 5.2.4. Others (Silicon Carbide and Carbon (SIC/C))
- 5.3. Market Analysis, Insights and Forecast – By Fiber Type
- 5.3.1. Short Fiber
- 5.3.2. Continuous Fiber
- 5.4. Market Analysis, Insights and Forecast – By Fiber Material
- 5.4.1. Alumina Fibers
- 5.4.2. Amorphous Ceramic Fibers (RCF)
- 5.4.3. Silicon Carbide Fibers (SIC)
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Application
- 5.5.1. Aerospace & Defense
- 5.5.2. Automotive
- 5.5.3. Energy & Power
- 5.5.4. Electricals & Electronics
- 5.5.5. Others
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Latin America
- 5.6.3. Europe
- 5.6.4. Asia Pacific
- 5.6.5. Middle East and Africa
6. North America Ceramic Matrix Composites Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Composite Type
- 6.2.1. Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
- 6.2.2. Carbon Reinforced Carbon (C/C)
- 6.2.3. Oxide–Oxide (Ox/Ox)
- 6.2.4. Others (Silicon Carbide and Carbon (SIC/C))
- 6.3. Market Analysis, Insights and Forecast – By Fiber Type
- 6.3.1. Short Fiber
- 6.3.2. Continuous Fiber
- 6.4. Market Analysis, Insights and Forecast – By Fiber Material
- 6.4.1. Alumina Fibers
- 6.4.2. Amorphous Ceramic Fibers (RCF)
- 6.4.3. Silicon Carbide Fibers (SIC)
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Application
- 6.5.1. Aerospace & Defense
- 6.5.2. Automotive
- 6.5.3. Energy & Power
- 6.5.4. Electricals & Electronics
- 6.5.5. Others
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Latin America Ceramic Matrix Composites Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Composite Type
- 7.2.1. Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
- 7.2.2. Carbon Reinforced Carbon (C/C)
- 7.2.3. Oxide–Oxide (Ox/Ox)
- 7.2.4. Others (Silicon Carbide and Carbon (SIC/C))
- 7.3. Market Analysis, Insights and Forecast – By Fiber Type
- 7.3.1. Short Fiber
- 7.3.2. Continuous Fiber
- 7.4. Market Analysis, Insights and Forecast – By Fiber Material
- 7.4.1. Alumina Fibers
- 7.4.2. Amorphous Ceramic Fibers (RCF)
- 7.4.3. Silicon Carbide Fibers (SIC)
- 7.4.4. Others
- 7.5. Market Analysis, Insights and Forecast – By Application
- 7.5.1. Aerospace & Defense
- 7.5.2. Automotive
- 7.5.3. Energy & Power
- 7.5.4. Electricals & Electronics
- 7.5.5. Others
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. Brazil
- 7.6.2. Mexico
- 7.6.3. Rest of Latin America
8. Europe Ceramic Matrix Composites Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Composite Type
- 8.2.1. Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
- 8.2.2. Carbon Reinforced Carbon (C/C)
- 8.2.3. Oxide–Oxide (Ox/Ox)
- 8.2.4. Others (Silicon Carbide and Carbon (SIC/C))
- 8.3. Market Analysis, Insights and Forecast – By Fiber Type
- 8.3.1. Short Fiber
- 8.3.2. Continuous Fiber
- 8.4. Market Analysis, Insights and Forecast – By Fiber Material
- 8.4.1. Alumina Fibers
- 8.4.2. Amorphous Ceramic Fibers (RCF)
- 8.4.3. Silicon Carbide Fibers (SIC)
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Application
- 8.5.1. Aerospace & Defense
- 8.5.2. Automotive
- 8.5.3. Energy & Power
- 8.5.4. Electricals & Electronics
- 8.5.5. Others
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. UK
- 8.6.2. Germany
- 8.6.3. France
- 8.6.4. Italy
- 8.6.5. Spain
- 8.6.6. Russia
- 8.6.7. Rest of Europe
9. Asia Pacific Ceramic Matrix Composites Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Composite Type
- 9.2.1. Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
- 9.2.2. Carbon Reinforced Carbon (C/C)
- 9.2.3. Oxide–Oxide (Ox/Ox)
- 9.2.4. Others (Silicon Carbide and Carbon (SIC/C))
- 9.3. Market Analysis, Insights and Forecast – By Fiber Type
- 9.3.1. Short Fiber
- 9.3.2. Continuous Fiber
- 9.4. Market Analysis, Insights and Forecast – By Fiber Material
- 9.4.1. Alumina Fibers
- 9.4.2. Amorphous Ceramic Fibers (RCF)
- 9.4.3. Silicon Carbide Fibers (SIC)
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Application
- 9.5.1. Aerospace & Defense
- 9.5.2. Automotive
- 9.5.3. Energy & Power
- 9.5.4. Electricals & Electronics
- 9.5.5. Others
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. China
- 9.6.2. India
- 9.6.3. Japan
- 9.6.4. Australia
- 9.6.5. South East Asia
- 9.6.6. Rest of Asia Pacific
10. Middle East & Africa Ceramic Matrix Composites Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Composite Type
- 10.2.1. Silicon Carbide Reinforced Silicon Carbide (SIC/SIC)
- 10.2.2. Carbon Reinforced Carbon (C/C)
- 10.2.3. Oxide–Oxide (Ox/Ox)
- 10.2.4. Others (Silicon Carbide and Carbon (SIC/C))
- 10.3. Market Analysis, Insights and Forecast – By Fiber Type
- 10.3.1. Short Fiber
- 10.3.2. Continuous Fiber
- 10.4. Market Analysis, Insights and Forecast – By Fiber Material
- 10.4.1. Alumina Fibers
- 10.4.2. Amorphous Ceramic Fibers (RCF)
- 10.4.3. Silicon Carbide Fibers (SIC)
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Application
- 10.5.1. Aerospace & Defense
- 10.5.2. Automotive
- 10.5.3. Energy & Power
- 10.5.4. Electricals & Electronics
- 10.5.5. Others
- 10.6. Market Analysis, Insights and Forecast – By Country
- 10.6.1. GCC
- 10.6.2. South Africa
- 10.6.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Rolls-Royce Plc.
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. Coi Ceramics INC.
- 11.6. SGL Group
- 11.7. United Technologies
- 11.8. Ceramtec
- 11.9. Lancer Systems
- 11.10. Coorstek Inc.
- 11.11. Applied Thin Films
- 11.12. Ultramet
- 11.13. Composites Horizons
- 11.14. Pyromeral Systems
- 11.15. Precision Castparts Corp.
- 11.16. Zircar Zirconia, Inc.
- 11.17. United Composites B.V.
- 11.18. Plasan North America
- 11.19. General Electric Company
- 11.20. Axiom Materials Inc.
- 11.21. 3M Company
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
