Ceramic Matrix Composites Companies

The ceramic matrix composites market is projected to grow from USD 12.0 billion in 2024 to USD 21.61 billion by 2030, at a CAGR of 10.3% in terms of value during the forecast period. Ceramic matrix composites refer to the state-of-art materials where a ceramic matrix material, e.g. silicon carbide or alumina, is strengthened with the ceramic ones such as silicon carbide or carbon. The mixture increases toughness, fracture resistance, and thermal shock resistance of monolithic ceramics which are generally brittle. Ceramic matrix composites are also desirable due to their ability to withstand high temperatures, lightweight, resistance to corrosion, and high strength-to-weight ratio thus favorable in tough environments. The increasing demand for high temperature-resistant and lightweight materials that enhance performance and fuel efficiency, especially in highly regulated industries is the leading factor that makes their adoption a reality. Ceramic matrix composites are used in end-use Industries, such as aerospace & defense industry where turbine blades, combustor-liners, exhaust-nozzles, and thermal protection systems use ceramic matrix composites to minimize their weight as well as improve efficiency. They can be used in the automotive industry in brake discs of high-performance brakes, rotors on turbocharger rotors, or heat shields, and provide better thermal control and resistance. Ceramic matrix composites are also used in the energy and power industry in gas turbine shrouds, combustor liners, and heat exchangers to allow higher operating temperatures, resulting greater efficiency. Ceramic matrix composites are also used in industry for kiln furniture and furnace liners, where both high temperature resistance and extended service lifetime are required.

Ceramic Matrix Composites Market Companies

The major players in the ceramic matrix composites market are based in Asia Pacific, North America, and Europe. GE Aerospace (US), Rolls-Royce plc (UK), Mitsubishi Chemical Group Corporation (Japan), SGL Carbon (Germany), CoorsTek Inc. (US), Lancer Systems (US), Axiom Materials (US), Ultramet (US), CFC CARBON CO., LTD (China), Spirit AeroSystems, Inc.  (US), COIC (US), and Applied Thin Films, Inc. (US) are among a few leading players operating in the ceramic matrix composites market. The major focus is on the development of new manufacturing processes for ceramic matrix composites and recent deals due to the changing requirements across the world. These players have adopted various growth strategies to strengthen their positions in the market. These include product launches, contracts, partnerships, mergers & acquisitions, and product development activities to expand their presence in the ceramic matrix composites market further.

To know about the assumptions considered for the study download the pdf brochure

GE Aerospace (US)

GE Aerospace is one of the subsidiaries of General Electric Company and is one of the most crucial global suppliers of jet engines, components and highly integrated systems that gear up jet engines in commercial airlines, military, business, and general aviation aircraft. The company offers a range of products and services covering advanced propulsion technologies, avionics, digital solutions, and also maintenance, repair and overhaul (MRO) services. GE Aerospace is also innovative in terms of high-performance jet engines, including LEAP, GE9X, and CF34 series engines, and has significant market presence in both narrow and wide body aircraft applications. GE Aerospace is also the leader in next-generation propulsion systems, such as green aviation (sustainable aviation technologies), hybrid plane engines, and the use of advanced materials such as ceramic matrix composites (CMCs) to optimize performance and lessen the effects on the environment as means of reducing exhaust emissions. The company has a global service network to serve customers in more than 150 countries. Its products are highly reliable and have lifecycle value. GE Aerospace has set adopted highly strategic approach in terms of technology leadership, excellent operations, and sustainability, thus being a major force to the continued growth of the aerospace and defense industry across the globe.

Rolls-Royce plc (UK)

Backed by over 112 years of engineering excellence, Rolls-Royce plc is one of the largest companies involved in the production of power and propulsion systems on the globe, catering to the needs of the civil aerospace, defense, marine, and energy divisions. The company is a major aerospace manufacturer of wide-body aircraft engines, including the Trent engine family, used in powering large platforms of aircraft across the globe. Its business model ranges across engine design, manufacture, and robust portfolio of aftermarket services by offering a maintenance and operations savings to its customers under its offering of a power by the hour concept. The company invests heavily in research & development to enhance fuel efficiency, emission reduction, and facilitate the shift toward sustainable aviation, with an emphasis on new hybrid-electric and hydrogen-based propulsion systems. One of the components of innovation by Rolls-Royce is the integrated application of advanced materials in its engines such as ceramic matrix composites. For instance, within the Advance3 and UltraFan demonstrator programmes of the company, ceramic matrix composites are being utilized in high-temperature applications, such as turbine shrouds and seal segments that directly translate into lower fuel consumption and fewer CO2 emissions.

SGL Carbon (Germany)

SGL Carbon is a key player in the ceramic matrix composites market headquartered in Germany. Carbon fiber-based materials and products manufactured by the company are used in various industries, such as wind energy, transportation, and aerospace & defense. The company operates through five business units: Corporate, Graphite Solutions, Carbon Fibers, Composite Solutions, and Process Technology. The company offers ceramic matrix composite products through its Composite Fibers & Materials segment.  SGL Carbon has a well-established market presence in Europe. The group also supplies its products in the US, Asia Pacific, Europe, and Rest of the World.

CERAMIC MATRIX COMPOSITES MARKET: MARKET RANKING

The ceramic matrix composites market is consolidated, with the top five players holding 60–65% of the market, which shows that many regional players are active in this emerging market. The ceramic matrix composites market is characterized by a clear market leader – “GE Aerospace” largely due to its use of commercialized ceramic matrix composite technologies in high-performance aerospace applications as a result of decades of ongoing R&D investments. The company led the commercial-scale adoption of CMC parts, combustor liners, and turbine nozzles in commercial and military jet engines, most notably in the LEAP and GE9X programs. Through its own production facilities, such as the ceramic matrix composite production plants in Asheville, North Carolina, and Huntsville, Alabama, owned by GE Aviation, is able to combine the benefits of vertical integration along with the cost-efficiency of having its own production facilities.

Other notable companies include Rolls-Royce plc and SGL Carbon. These firms have advanced in providing competitive products and solutions for various ceramic matrix composite applications. Companies such as Coorstek and Spirit Aerosystem are helping diversify the market by pioneering new technologies and expanding manufacturing capacities.

Related Reports:

Ceramic Matrix Composites Market by Fiber Type (Continuous Fiber, Woven Fiber, Other Fibers), Fiber Material (Alumina Fiber, SiC Fiber, Other Fiber), Matrix Type (Oxide/Oxide Ceramic Matrix Composites, C/SIC Ceramic Matrix Composite, C/C Ceramic Matrix Composite, SIC/SIC Ceramic Matrix Composite), End-use Industry (Aerospace & Defense, Automotive, Energy & Power, Industrial, Other End-use Industries), and Region - Global Forecast to 2030