Demand for Ceramic Matrix Composites Soaring in Aerospace Sector

With the surging requirement for lightweight vehicles, the demand for ceramic matrix components is rising sharply, as these materials are being increasingly used by automakers for manufacturing lightweight automobiles. In addition, the enactment of strict environment regulations is also propelling the demand for ceramic matrix composites, as lightweight vehicles have higher fuel efficiency and cause less environmental pollution. Besides, the ability of these materials to offer a high strength-to-weight ratio and superior mechanical characteristics is also contributing toward their booming popularity in the aerospace sector.

These materials are used in power transmission lines, high-speed machine parts, fighter aircraft ventral fins, jet engine fans, and helicopter rotor blade sleeves. Moreover, these materials provide wear resistance, stiffness, and durability. Owing to these factors, the surging aircraft production, especially in the European nations due to the growing international trade activities, is driving the demand for these materials, which is subsequently propelling the progress of the ceramic matrix composites (CMC) market.

According to the estimates of the market research company, P&S Intelligence, the market value will grow to $6,006.1 million by 2024, exhibiting a CAGR of 13.7% from 2016 to 2024. Energy and power, defense, aerospace, and electrical and electronics are the major application areas of ceramic matrix composites. Out of these, the requirement for these materials was found to be the highest in the aerospace sector in the past, and this trend will continue in the coming years as well.

Geographically, North America was the largest user of ceramic matrix composites during the last few years due to their high requirement in the aerospace and defense industries of the U.S. Additionally, the expansion of the electronics manufacturing sector is predicted to push up the requirement for ceramic matrix composites in the region in the years to come. The sales of these materials are also booming in this region due to the increasing manufacturing of military and passenger aircrafts.

Hence, the demand for ceramic matrix composites will soar all over the world in the coming years, primarily because of the surging manufacturing of aircrafts and burgeoning need for lightweight vehicles.