#Ceramic Matrix Composites Market Share

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Ceramic Matrix Composites Market Trends 2025: Insights Driving the Future

Straits Research is pleased to announce the publication of its latest in-depth market report on the Ceramic Matrix Composites Market, providing actionable insights, growth drivers, emerging trends, and opportunities within this rapidly evolving industry.

Market Overview

The Ceramic Matrix Composites Market was valued at USD 4.19 Billion in 2024 and is projected to grow significantly, reaching USD 11.54 Billion by 2033. This robust growth reflects a compound annual growth rate (CAGR) that underscores the increasing demand for high-performance materials across diverse industries, including aerospace, defense, and energy.

Ceramic Matrix Composites Market Definition

Ceramic Matrix Composites (CMCs) are a class of advanced materials that consist of ceramic fibers embedded in a ceramic matrix. This unique composition provides superior properties such as high-temperature resistance, excellent mechanical strength, low weight, and corrosion resistance. These characteristics make CMCs a preferred choice for applications in aerospace engines, power generation turbines, and defense systems.

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Key Players in the Ceramic Matrix Composites Market

The report profiles leading companies shaping the future of the Ceramic Matrix Composites Market:

3M Company

General Electric Company

Kyocera Corporation

COI Ceramics, Inc.

Coorstek, Inc.

Lancer Systems LP

Ultramet, Inc.

SGL Carbon Company

Ube Industries, Ltd.

Applied Thin Films, Inc.

Rolls-Royce plc

United Technologies

Precision Castparts Corp.

Touchstone Research Laboratory

These players are at the forefront of innovation, leveraging cutting-edge technology to deliver high-quality ceramic matrix composites for diverse applications.

Latest Trends:

Advancements in Manufacturing: Innovations in production techniques, including additive manufacturing and automated fiber placement, are driving cost efficiency and scalability.

Increased Adoption in Aerospace: The rising demand for lightweight, fuel-efficient aircraft has spurred the use of CMCs in turbine components and airframes.

Sustainability Focus: Efforts to minimize carbon emissions in industries like power generation and automotive are accelerating the adoption of CMCs.

Emerging Markets: Expanding aerospace and defense sectors in countries such as China and India present significant growth opportunities.

Key Growth Factors

Demand for Lightweight Materials: Industries like aerospace and automotive are prioritizing lightweight materials to enhance fuel efficiency and performance.

High-Temperature Resistance: The ability of CMCs to withstand extreme conditions is driving their adoption in power turbines and jet engines.

Defense Applications: Growing investments in advanced military systems are increasing the use of CMCs in missile and radar components.

Technological Innovations: Continuous R&D efforts are yielding advanced composites with superior performance characteristics.

Opportunities

Expanding Aerospace Industry: Increasing global air travel and investments in next-generation aircraft provide significant growth potential.

Green Energy Applications: The shift toward renewable energy sources like wind and solar power requires high-performance materials, creating demand for CMCs in energy storage and turbine components.

Regional Growth: Emerging economies with expanding industrial bases are expected to drive market growth.

Market Segmentation

The report provides a comprehensive segmentation analysis:

1. By Product:

Oxide

Silicon Carbide

Carbon

Others

2. By Applications:

Aerospace

Defense

Energy & Power

Electrical & Electronics

Others

3. By Fiber Type:

Continuous

Woven

Others (felt/mat, chopped, twill, braided, ropes & belts)

4. By Fiber Material:

Alumina Fibers

Amorphous Ceramic Fibers (RCF)

Silicon Carbide Fibers (SIC)

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Contact Us

For more detailed insights and a complete analysis of the Ceramic Matrix Composites Market, contact Straits Research:

Email: sales@straitsresearch.com

Website: https://straitsresearch.com

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Ceramic Matrix Composites Market Business Growth, Opportunities and Forecast, 2030

The global ceramic matrix composites market size was estimated at USD 3.40 billion in 2022 and is expected to grow at a compounded annual growth rate (CAGR) of 12.8% from 2023 to 2030. 

High-temperature stability in addition to reduced weight and high strength is expected to propel the growth. The chemical industry had an unanticipated turning point in the first half of 2020. These businesses, which were already coping with complicated long-term patterns, saw the combined consequences of the COVID-19-related economic crisis and the oil price crash. The global pandemic has significantly influenced the market.

Additionally, the high cost of ceramic fibers has greatly influenced market growth. Unlike carbon fiber, which is used in most metal and polymer composites and, thus, is produced in bulk, other ceramic fibers are produced in small quantities which refrains them from the cost benefits of mass production.

Gather more insights about the market drivers, restrains and growth of the Ceramic Matrix Composites Market

Detailed Segmentation:

Product Insights

The oxides segment led the market and accounted for more than 30.14% share of the global revenue in 2022. Improved properties of oxide composites such as no oxidation and high fracturing toughness in addition to the less expensive production process are expected to trigger its demand for aerospace, defense, and energy & power applications.

The sic segment is projected to register a CAGR of 12.8% in terms of value over the forecast period. The higher initial cost of SiC ceramic matrix composites is the most prominent growth barrier for the segment. Other costs indulged during usage and transportation, such as cleaning costs and repositioning costs also restrain the growth.

Carbon products held a significant revenue share in 2022 due to the large-scale production of carbon fibers to fulfill the increased demand for CF and CFRP products globally, the costs of carbon/carbon ceramic matrix composites are significantly cheaper than silicon carbide/silicon carbide and oxide/oxide ceramic matrix composites.

Application Insights

The aerospace segment led the market and accounted for more than 41.95% of the global revenue share in 2022.Factors such as the rising preference of consumers for manufacturing noses, rudders, fins, leading edges, body flaps, hot structures, tiles, and panels for aircraft are anticipated to drive the demand in the aerospace segment during the forecast period.

Their excellent impact strength coupled with high hardness makes these composites suitable for manufacturing bullet-proof armor and insulation in small arms weapons platforms. A majority of ceramic materials are transparent to certain types of energy, light, etc. and, as a result of this, they are widely used for infrared domes, sensor protection, and multi-spectral windows.

Regional Insights

North America dominated the market and accounted for over 46.4% of the revenue share in 2022. The presence of major aviation industries, their investment in developing ceramic matrix components for manufacturing aviation components, and collaborations with government agencies for upgrading defense equipment are some of the essential factors anticipated to propel the CMC demand in North America.

Over-consumption of oil in Asia Pacific has stimulated the need for energy security with a focus on deriving energy from alternate sources which include natural gas. Ceramic matrix composites are thus likely to play a major role in this segment. In addition, the growing need for fuel-efficient aircraft engines is also going to boost the market to reduce operational costs.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global indium market size was valued at USD 1.03 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030.

• The global inorganic scintillators market size was valued at USD 512.9 million in 2023 and is anticipated to grow at a CAGR of 7.4% from 2024 to 2030.

Key Companies & Market Share Insights

The market is characterized by the presence of various small- and large-scale players, resulting in a moderate level of concentration in the market. To serve a larger customer base, they are also trying to expand their product portfolio by focusing on developing cost-effective composites with enhanced properties.

A large number of manufacturers are focused on backward integration to keep product quality under control. The industry participants emphasize on expanding their product portfolio by developing innovative solutions and cheaper products with superior properties to cater to the increasing consumer demand. 

Some prominent players in the global ceramic matrix composites market include:

• 3M Company

• COI Ceramics, Inc.

• Coorstek, Inc.

• General Electric Company

• Kyocera Corporation

• Lancer Systems LP

• SGL Carbon Company

• Ultramet, Inc.

• Ube Industries, Ltd.

Ceramic Matrix Composites Market Segmentation

Grand View Research has segmented the global ceramic matrix composites market report based on product, application, and region:

• Product Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

• Oxides

• Silicon Carbide

• Carbon

• Others

• Application Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

• Aerospace

• Defense

• Energy & Power

• Electrical & Electronics

• Others

• Regional Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Spain

o Italy

• Asia Pacific

o China

o India

o Japan

o South Korea

• Middle East & Africa

• Central & South America

o Brazil.

Order a free sample PDF of the Ceramic Matrix Composites Market Intelligence Study, published by Grand View Research.

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Ceramic Matrix Composites Market Outlook On The Basis Of Product, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 30 Nov 2023: The Report Ceramic Matrix Composites Market Size, Share & Trends Analysis Report By Product (Oxide, Silicon Carbide, Carbon), By Application (Aerospace, Defense, Energy & Power, Electrical & Electronics), By Region, And Segment Forecasts, 2023 – 2030 The global ceramic matrix composites market size is expected to reach USD 8.94 billion by 2030, registering a CAGR of…

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What Are Ceramic Matrix Composites?

Composite materials are equipped with at least two parts: the strengthening, which offers superior mechanical properties including strength and stiffness, and the matrix material, which grips all together. Ceramic matrix composites are a special kind of composite material in which both the strengthening and matrix materials are ceramics. In most cases, a similar type of ceramic is utilized for…

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What are Key Factors Responsible for Surge in Global Ceramic Matrix Composites Market?

The adoption of vehicles all across the globe is growing at a rapid pace, which can be attributed to the rising disposable income of people, particularly in emerging economies. Manufacturers have increasingly focusing on increasing the efficiency of vehicles, which is why they are becoming inclined towards making use of lightweight components. The weight of the vehicle is directly related to its efficiency, therefore reduction in the weight of the vehicle can increase fuel efficiency. In addition to this, the adoption of electric vehicles has been rising owing to the surging environmental concerns. These vehicles need to be made with lightweight part for increasing their range and efficiency.

Different CMC products are carbon, oxide, and silicon carbide, among which, the demand for silicon carbide was the highest in the past. This is ascribed to the large-scale utilization of these products in several industries, such as electronics, defense, and aerospace. In addition to this, the expansion of these industries in developing countries is further predicted to create rising requirement for silicon carbide. Other than aerospace & defense and electrical and electronics, energy & power industry also makes extensive usage of CMCs. The demand for CMCs is predicted to grow considerably in the near future.

This is because of the wide use of CMCs in burners, furnace hardware, heat exchangers, and nuclear reactors. CMCs are also utilized in the oil & gas industry for wind turbine components and gas components. In addition to this, the surging focus towards the adoption of renewable energy resources is also driving the demand for CMCs. Other than this, the aerospace industry has been the major consumer of CMCs in the past. This is particularly attributed to the benefits of these composites, such as thermal protection. CMCs are utilized in several applications in the aircraft structures, such as wings, fuselage, and empennage.

Due to the extensive usage of CMCs in the aerospace & defense sectors in the U.S., North America is predicted to emerge as the largest ceramic matrix composites market in the years to come. In addition to this, the use of these composites is also growing swiftly in the electronics manufacturing sectors. Apart from this, the consumption of CMCs is also expected to rise considerably in Asia-Pacific, because of the rising energy consumption, increasing investments in space exploration projects, and growing expenditure in the defense sector.

Stay ahead of the curve with our in-depth analysis of the ceramic matrix composites market

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Aero Engine Composite Material Market Size, Share, Business Strategies of Leading International Players by 2032

The global aero composite materials market size was worth $2.53 billion in 2021. It is expected to grow steadily, reaching $2.87 billion in 2022 and climbing to $5.17 billion by 2029, with an average annual growth rate of 8.76% during this period. In 2021, North America led the market, holding a 38.74% share.

Informational Source:

The aerospace industry has been undergoing a transformative phase, with composite materials playing a pivotal role in advancing performance, fuel efficiency, and sustainability. Aero composite materials, primarily used in manufacturing aircraft structures and components, have become indispensable due to their superior strength-to-weight ratio, corrosion resistance, and design flexibility. This article explores the latest developments, market trends, and future prospects of aero composite materials, emphasizing their applications, innovations, and market dynamics.

Key Companies Covered In Aero Engine Composite Material Market are:

Rolls Royce Holdings Plc (U.K.)

GE Aviation (U.S.)

Hexcel Corporation (U.S.)

Meggitt Plc (U.K.)

Albany International (U.S.)

Nexcelle LLC (U.S.)

Solvay (Belgium)

DuPont de Nemours, Inc. (U.S.)

Safran SA (France)

FACC AG (Austria)

Overview of Aero Composite Materials

Aero composite materials are engineered substances composed of two or more distinct materials, such as fibers (reinforcement) and matrices (resin or metal). These materials are designed to combine the best properties of their constituents, making them ideal for the demanding conditions of aerospace applications. Commonly used composites include:

Carbon Fiber Reinforced Polymers (CFRP): Known for their lightweight and high strength, CFRPs are extensively used in aircraft fuselages, wings, and engine components.

Glass Fiber Reinforced Polymers (GFRP): Although less strong than CFRPs, GFRPs are cost-effective and widely used in secondary structures.

Ceramic Matrix Composites (CMC): These are primarily used in high-temperature environments, such as jet engine components.

Aramid Fiber Composites: Used in areas requiring high impact resistance, such as protective structures.

Key Market Drivers

Fuel Efficiency and Weight Reduction: Airlines and aircraft manufacturers prioritize fuel efficiency, leading to increased adoption of lightweight materials. Composite materials significantly reduce aircraft weight compared to traditional metals like aluminum and titanium.

Increased Aircraft Production: The rising demand for commercial and military aircraft globally has boosted the adoption of composite materials in new-generation aircraft, such as the Boeing 787 and Airbus A350, which use over 50% composites by weight.

Stringent Environmental Regulations: Governments and international organizations are enforcing stricter emissions standards. Composite materials help reduce fuel consumption and greenhouse gas emissions, aligning with sustainability goals.

Technological Advancements: Innovations in composite manufacturing processes, such as automated fiber placement (AFP), resin transfer molding (RTM), and 3D printing, have enhanced production efficiency and material properties.Applications of Aero Composite Materials

Aircraft Structures:

Fuselage and Wings: Composites enable lightweight and aerodynamically efficient designs, improving fuel efficiency.

Control Surfaces: Used in ailerons, flaps, and elevators for precise and responsive control.

Engine Components:

High-performance composites like CMCs are employed in fan blades, casings, and turbine components to withstand extreme temperatures and reduce weight.

Interior Components:

Cabin structures, seats, and overhead compartments benefit from composites for enhanced durability and weight savings.

Rotorcraft and UAVs:

Helicopter blades and unmanned aerial vehicle (UAV) structures rely heavily on composite materials for optimal performance and endurance.Recent Innovations and Developments

Next-Generation Composites:

Researchers are exploring hybrid composites combining multiple fibers (e.g., carbon and glass) to achieve tailored properties.

Self-healing composites are under development, capable of repairing damage autonomously, thus enhancing durability and reducing maintenance costs.

Sustainable Composites:

Bio-based resins and recyclable composites are gaining traction, aligning with the industry’s push for greener materials.

Advanced Manufacturing Techniques:

Automated fiber placement and additive manufacturing are enabling precise and scalable production of complex composite parts.

High-pressure resin transfer molding (HP-RTM) is reducing cycle times, making composites more cost-competitive.

Smart Composites:

Integration of sensors and actuators into composites allows real-time monitoring of structural health, enhancing safety and reliability.Challenges in the Aero Composite Materials Market

High Costs:

Composite materials and manufacturing processes are expensive compared to traditional materials, posing a challenge for widespread adoption.

Recycling and Disposal:

The industry faces challenges in recycling thermoset composites, which are commonly used in aerospace applications.

Complex Manufacturing Processes:

Advanced manufacturing methods require significant investment in infrastructure, skilled labor, and quality control.

Regulatory Compliance:

Aerospace composites must meet stringent safety and performance standards, which can prolong certification processes.Market Trends and Dynamics

Market Size and Growth:

The global aero composite materials market was valued at USD 2.53 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 8.76%, reaching USD 5.17 billion by 2029.

Regional Insights:

North America: Dominates the market with significant aerospace manufacturing hubs and leading composite material suppliers.

Europe: Home to major aircraft manufacturers like Airbus, Europe is a key market for aero composites.

Asia-Pacific: Rapidly emerging as a growth center due to increasing aircraft production and rising investments in aerospace infrastructure.

Competitive Landscape:

Leading players in the market include Hexcel Corporation, Solvay, Toray Industries, and SGL Carbon, among others. These companies are investing in R&D to develop advanced composite solutions.Future Outlook

The future of aero composite materials looks promising, driven by advancements in material science, manufacturing technologies, and the push for sustainability. Key trends to watch include:

Increased Use in Space Applications:

Composite materials are finding applications in satellite structures, rocket casings, and space exploration vehicles.

Collaborative R&D Efforts:

Partnerships between aerospace companies, research institutions, and material manufacturers are accelerating innovation.

Focus on Lifecycle Management:

Development of composites with better recyclability and longer lifecycles to reduce environmental impact.

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High Temperature Fiber Market Analysis by Growth, Emerging Trends and Future Opportunities Till 2037

Research Nester assesses the growth and market size of the global high temperature fiber market, which is anticipated to be driven by rising demand in the aerospace and defense sector as well as the growth of industrial manufacturing activities.

Research Nester’s recent market research analysis on “High Temperature Fiber Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and overview of the global high temperature fiber market in terms of market segmentation by fiber type, form, application, and region.

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Regulatory Compliance and Safety Standards to Promote Global High Temperature Fiber Market Growth

Governments and regulatory bodies have put in place stringent laws and guidelines that require the use of high-performance materials in a variety of industries, including industrial production, construction, automotive, and aerospace. For instance, the Occupational Safety and Health Administration (OSHA) has set stringent guidelines for the usage of insulation and protective gear in high temperature environments which leads to a rise in the adoption of ceramic and aramid fibers as these are known for their durability and heat resistance. Moreover, the rising emphasis on fire safety in building codes particularly following high-profile incidents in the construction sector has increased the demand for fire-resistant materials such as aramid fibers. These regulatory guidelines and growing safety standards continue to drive modernization and market growth as companies invest in innovative materials to meet the latest compliance requirements.

Growth Drivers

Growth in electronics and automotive industries

Expansion of industrial manufacturing activities

Challenges

Competition from alternative materials plays a significant challenge for the high temperature fiber market as more affordable options are available in the market such as metal composites and certain heat-resistant polymers which progressively offer viable substitutes. For example, Metal Matrix Composites (MMC) developed polymers can deliver adequate thermal resistance for applications in industries such as construction, aerospace, and automotive which are often at a lesser cost than aramid and ceramic fibers. This cost efficiency becomes critical in sectors where the budget is tight, which limits the broader adoption of high temperature fibers. 

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Based on fiber type, the ceramicsegment is predicted to capture 52.4% of the global market share by 2037 owing to its remarkable heat resistance, thermal stability, and insulating qualities. These are extensively utilized in parts for aircraft, kiln insulation, and furnace linings that require exposure to high temperatures. In the automotive industry, ceramic fibers are widely used for thermal barriers in catalytic converters and exhaust systems. Their use in industrial operations such as glass manufacture and metal casting stems from their capacity to retain structural integrity at elevated temperatures.

By region, North America is anticipated to account for 35.1% of the revenue share during the forecast period, due to the presence of well-known aerospace and automotive giants such as Ford, General Motors, Boeing, and Airbus. By heavily relying on high-temperature fibers for essential components like exhaust systems, brakes, and aviation engines, these industry leaders highlight the critical role that these fibers play in state-of-the-art manufacturing processes. The nation continues to lead the world in materials science and engineering advancements due to a robust ecosystem composed of esteemed companies, research facilities, and a highly skilled workforce. High-performance material innovation is fueled by the region's sophisticated R&D skills, and its position is further reinforced by the presence of important industry participants and production facilities.

This report also provides the existing competitive scenario of some of the key players of the global high temperature fiber market which includes company profiling of DuPont, 3M Company, Zoltek Companies, Inc., SGL Carbon SE, Kolon Industries, Inc., Yantai Tayho Advanced Materials Co., Ltd., Toray Industries, Inc., Teijin Limited, Toyobo Co., Ltd., Mitsubishi Chemical Corporation, and Asahi Kasei Corporation.

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives make wise decisions for their future marketing strategy, expansion investment, etc. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds. Our out-of-the-box thinking helps our clients to make wise decisions to avoid future uncertainties.

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AJ Daniel

Email: info@researchnester.com

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Carbon Composites Market Challenges and Opportunities for Industry Growth

Carbon Composites Market Growth Strategic Market Overview and Growth Projections

The global carbon composites market was valued at 188.85 kilo tons in 2022. It is estimated to reach 328.38 kilo tons by 2031, growing at a CAGR of 6.34% during the forecast period (2023–2031).

The latest Global Carbon Composites Market by straits research provides an in-depth analysis of the Carbon Composites Market, including its future growth potential and key factors influencing its trajectory. This comprehensive report explores crucial elements driving market expansion, current challenges, competitive landscapes, and emerging opportunities. It delves into significant trends, competitive strategies, and the role of key industry players shaping the global Carbon Composites Market. Additionally, it provides insight into the regulatory environment, market dynamics, and regional performance, offering a holistic view of the global market’s landscape through 2032.

Competitive Landscape

Some of the prominent key players operating in the Carbon Composites Market are 

Solvay

Nippon Carbon Co Ltd.

Teijin Aramid BV

TORAY INDUSTRIES INC.

Mitsubishi Chemical Holdings Corporation

Hexcel Corporation

Carbon Composites Inc.

SGL Carbon

Epsilon Composite

China Composites Group Corporation Ltd.

Rockman

Plasma Carbon Composites.

Get Free Request Sample Report @ https://straitsresearch.com/report/carbon-composites-market/request-sample

The Carbon Composites Market Research report delivers comprehensive annual revenue forecasts alongside detailed analysis of sales growth within the market. These projections, developed by seasoned analysts, are grounded in a deep exploration of the latest industry trends. The forecasts offer valuable insights for investors, highlighting key growth opportunities and industry potential. Additionally, the report provides a concise dashboard overview of leading organizations, showcasing their effective marketing strategies, market share, and the most recent advancements in both historical and current market landscapes.Global Carbon Composites Market: Segmentation

The Carbon Composites Market segmentation divides the market into multiple sub-segments based on product type, application, and geographical region. This segmentation approach enables more precise regional and country-level forecasts, providing deeper insights into market dynamics and potential growth opportunities within each segment.

By Matrix

Hybrid

Metal

Ceramic

Carbon

Polymer

By Process

Prepreg Layup Process

Pultrusion and Winding

Wet Lamination and Infusion Process

Press and Injection Processes

Other Processes

By Applications

Aerospace and Defense

Automotive

Wind Turbines

Sport and Leisure

Civil Engineering

Marine Applications

Other Applications

Stay ahead of the competition with our in-depth analysis of the market trends!

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Market Highlights:

A company's revenue and the applications market are used by market analysts, data analysts, and others in connected industries to assess product values and regional markets.

But not limited to: reports from corporations, international Organization, and governments; market surveys; relevant industry news.

Examining historical market patterns, making predictions for the year 2022, as well as looking forward to 2032, using CAGRs (compound annual growth rates)

Historical and anticipated data on demand, application, pricing, and market share by country are all included in the study, which focuses on major markets such the United States, Europe, and China.

Apart from that, it sheds light on the primary market forces at work as well as the obstacles, opportunities, and threats that suppliers face. In addition, the worldwide market's leading players are profiled, together with their respective market shares.

Goals of the Study

What is the overall size and scope of the Carbon Composites Market market?

What are the key trends currently influencing the market landscape?

Who are the primary competitors operating within the Carbon Composites Market market?

What are the potential growth opportunities for companies in this market?

What are the major challenges or obstacles the market is currently facing?

What demographic segments are primarily targeted in the Carbon Composites Market market?

What are the prevailing consumer preferences and behaviors within this market?

What are the key market segments, and how do they contribute to the overall market share?

What are the future growth projections for the Carbon Composites Market market over the next several years?

How do regulatory and legal frameworks influence the market?

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

Contact Us

Email: sales@straitsresearch.com 

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Ceramic Matrix Composites Market Growth, Opportunities and Forecast, 2030

The global ceramic matrix composites market size was estimated at USD 3.40 billion in 2022 and is expected to grow at a compounded annual growth rate (CAGR) of 12.8% from 2023 to 2030. 

High-temperature stability in addition to reduced weight and high strength is expected to propel the growth. The chemical industry had an unanticipated turning point in the first half of 2020. These businesses, which were already coping with complicated long-term patterns, saw the combined consequences of the COVID-19-related economic crisis and the oil price crash. The global pandemic has significantly influenced the market.

Additionally, the high cost of ceramic fibers has greatly influenced market growth. Unlike carbon fiber, which is used in most metal and polymer composites and, thus, is produced in bulk, other ceramic fibers are produced in small quantities which refrains them from the cost benefits of mass production.

Gather more insights about the market drivers, restrains and growth of the Ceramic Matrix Composites Market

Ceramic Matrix Composites Market Report Highlights

• Oxides product segment accounted for a market share of 31.1% in 2022, owing to its properties such as high-temperature stability in addition to reduced weight and high strength

• The aerospace application segment dominated the market in 2022 and is estimated to generate revenue of USD 3.76 billion by 2030, owing to lightweight and rigid materials for various applications, where material weight plays a crucial role in the performance

• The market in the Asia-Pacific is anticipated to expand at a CAGR of 13.4% from 2023 to 2030 on account of rising energy demands and the developing aerospace industry

• The U.S. market is forecast to boom during the forecast period and reach a value of USD 3.65 billion in 2030. The growth is attributed to the rising investments by companies in developing ceramic matrix components and collaborating with government agencies for upgrading defense systems

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global indium market size was valued at USD 1.03 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2030.

• The global inorganic scintillators market size was valued at USD 512.9 million in 2023 and is anticipated to grow at a CAGR of 7.4% from 2024 to 2030.

Ceramic Matrix Composites Market Segmentation

Grand View Research has segmented the global ceramic matrix composites market report based on product, application, and region:

Product Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

• Oxides

• Silicon Carbide

• Carbon

• Others

Application Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

• Aerospace

• Defense

• Energy & Power

• Electrical & Electronics

• Others

Regional Outlook (Volume, Tons, Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Spain

o Italy

• Asia Pacific

o China

o India

o Japan

o South Korea

• Middle East & Africa

• Central & South America

o Brazil.

Order a free sample PDF of the Ceramic Matrix Composites Market Intelligence Study, published by Grand View Research.

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Ceramic Matrix Composites Market Focusing On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.

San Francisco, 23 June 2023: The Report Ceramic Matrix Composites Market Size, Share & Trends Analysis Report By Product (Oxide, Silicon Carbide, Carbon), By Application (Aerospace, Defense, Energy & Power, Electrical & Electronics), By Region, And Segment Forecasts, 2023 – 2030 The global ceramic matrix composites market size is expected to reach USD 8.94 billion by 2030, registering a CAGR of…

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Ceramic Matrix Composites Industry 2030 Size Outlook, Growth Insight, Share, Trends

The global ceramic matrix composites (CMC) market was valued at an estimated USD 3.40 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. The market's growth is largely driven by the unique properties of CMCs, such as high stability at elevated temperatures, reduced weight, and exceptional strength, making them highly attractive for industries requiring durable materials capable of withstanding extreme conditions.

In the chemical sector, 2020 marked a challenging period due to the COVID-19 pandemic and the oil price collapse. These crises presented new difficulties for the industry, already managing complex, evolving trends. The pandemic has had a notable impact on the CMC market by causing disruptions across various sectors; however, it also underscored the demand for robust and resilient materials like CMCs, which are crucial in applications that require reliability and high performance under stress.

In the United States, a key driver for CMC demand is the country’s role as a leading military power and a significant user of advanced materials. The U.S. Department of Energy (DOE) has also been exploring the use of CMC cladding in fuel rods for light-water nuclear reactors, which could expand CMC applications in the energy and power sector. As key players in North America increase research and development (R&D) activities and expand production capacities, the region’s demand for CMCs is expected to continue growing.

Gather more insights about the market drivers, restrains and growth of the Ceramic Matrix Composites Market

Regional Insights:

North America held the largest market share, accounting for over 46.4% of revenue in 2022. This dominance is attributed to the strong aviation sector, which heavily invests in developing CMC components for manufacturing advanced aviation parts. Collaborations between private sector manufacturers and government agencies to modernize defense equipment further support CMC demand in North America.

In Asia Pacific, over-reliance on oil has driven the need for energy security, prompting a shift toward alternative sources, such as natural gas. CMCs are expected to play a crucial role in these efforts due to their durability and resilience in energy-related applications. Additionally, the rising demand for fuel-efficient aircraft engines in the region is likely to boost CMC usage, as these engines are essential for reducing operational costs in the aviation sector.

Central and South America are also emerging as important markets due to advancements in aerospace technologies. These developments have positioned the region as a significant manufacturing hub for the U.S. aviation industry, benefiting from increased demand across aerospace, automotive, electrical & electronics, and energy & power sectors.

In Africa, lower production costs have attracted substantial foreign investments, positively impacting the CMC market. Technological advancements in aerospace manufacturing are anticipated to further support CMC demand in the region as aerospace production capabilities expand.

Browse through Grand View Research's Category Advanced Interior Materials Industry Research Reports.

The global blasting automation services market size was valued at USD 699.6 million in 2024 and is projected to grow at a CAGR of 14.5% from 2025 to 2030.

The global axial flow pump market size was estimated at USD 4,138.5 million in 2024 and is anticipated to grow at a CAGR of 3.5% from 2025 to 2030.

Key Companies & Market Share Insights

The CMC market is moderately concentrated, with both small and large players competing. Major companies are focusing on broadening their product portfolios by creating cost-effective composites with enhanced properties. To control quality and ensure the reliability of their materials, many manufacturers are implementing backward integration, allowing them to manage their production processes more effectively.

Participants in the industry are focused on innovation and expanding their offerings by developing composites that are not only more affordable but also exhibit superior characteristics. This approach helps them meet the growing consumer demand for high-performance materials, making CMCs a key element across multiple sectors needing durable, efficient, and cost-effective solutions.

Key Ceramic Matrix Composites Companies

3M Company

COI Ceramics, Inc.

Coorstek, Inc.

General Electric Company

Kyocera Corporation

Lancer Systems LP

SGL Carbon Company

Ultramet, Inc.

Ube Industries, Ltd.

Order a free sample PDF of the Ceramic Matrix Composites Market Intelligence Study, published by Grand View Research.

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Ceramic Matrix Composites Market To Observe Strong Development By 2030 - Cost and Profit Status

The global ceramic matrix composites (CMC) market was valued at an estimated USD 3.40 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. The market's growth is largely driven by the unique properties of CMCs, such as high stability at elevated temperatures, reduced weight, and exceptional strength, making them highly attractive for industries requiring durable materials capable of withstanding extreme conditions.

In the chemical sector, 2020 marked a challenging period due to the COVID-19 pandemic and the oil price collapse. These crises presented new difficulties for the industry, already managing complex, evolving trends. The pandemic has had a notable impact on the CMC market by causing disruptions across various sectors; however, it also underscored the demand for robust and resilient materials like CMCs, which are crucial in applications that require reliability and high performance under stress.

In the United States, a key driver for CMC demand is the country’s role as a leading military power and a significant user of advanced materials. The U.S. Department of Energy (DOE) has also been exploring the use of CMC cladding in fuel rods for light-water nuclear reactors, which could expand CMC applications in the energy and power sector. As key players in North America increase research and development (R&D) activities and expand production capacities, the region’s demand for CMCs is expected to continue growing.

Gather more insights about the market drivers, restrains and growth of the Ceramic Matrix Composites Market

Regional Insights:

North America held the largest market share, accounting for over 46.4% of revenue in 2022. This dominance is attributed to the strong aviation sector, which heavily invests in developing CMC components for manufacturing advanced aviation parts. Collaborations between private sector manufacturers and government agencies to modernize defense equipment further support CMC demand in North America.

In Asia Pacific, over-reliance on oil has driven the need for energy security, prompting a shift toward alternative sources, such as natural gas. CMCs are expected to play a crucial role in these efforts due to their durability and resilience in energy-related applications. Additionally, the rising demand for fuel-efficient aircraft engines in the region is likely to boost CMC usage, as these engines are essential for reducing operational costs in the aviation sector.

Central and South America are also emerging as important markets due to advancements in aerospace technologies. These developments have positioned the region as a significant manufacturing hub for the U.S. aviation industry, benefiting from increased demand across aerospace, automotive, electrical & electronics, and energy & power sectors.

In Africa, lower production costs have attracted substantial foreign investments, positively impacting the CMC market. Technological advancements in aerospace manufacturing are anticipated to further support CMC demand in the region as aerospace production capabilities expand.

Browse through Grand View Research's Category Advanced Interior Materials Industry Research Reports.

The global blasting automation services market size was valued at USD 699.6 million in 2024 and is projected to grow at a CAGR of 14.5% from 2025 to 2030.

The global axial flow pump market size was estimated at USD 4,138.5 million in 2024 and is anticipated to grow at a CAGR of 3.5% from 2025 to 2030.

Key Companies & Market Share Insights

The CMC market is moderately concentrated, with both small and large players competing. Major companies are focusing on broadening their product portfolios by creating cost-effective composites with enhanced properties. To control quality and ensure the reliability of their materials, many manufacturers are implementing backward integration, allowing them to manage their production processes more effectively.

Participants in the industry are focused on innovation and expanding their offerings by developing composites that are not only more affordable but also exhibit superior characteristics. This approach helps them meet the growing consumer demand for high-performance materials, making CMCs a key element across multiple sectors needing durable, efficient, and cost-effective solutions.

Key Ceramic Matrix Composites Companies

3M Company

COI Ceramics, Inc.

Coorstek, Inc.

General Electric Company

Kyocera Corporation

Lancer Systems LP

SGL Carbon Company

Ultramet, Inc.

Ube Industries, Ltd.

Order a free sample PDF of the Ceramic Matrix Composites Market Intelligence Study, published by Grand View Research.

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Ceramic Matrix Composites Market - Latest Innovations by Industry Experts Till 2030

The global ceramic matrix composites (CMC) market was valued at approximately USD 3.40 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. The increasing demand for materials with high-temperature stability, reduced weight, and exceptional strength is a key driver for this market’s growth. These properties make CMCs highly valuable in demanding applications where traditional materials often fall short. The chemical industry experienced a significant shift in the first half of 2020, as companies were already facing complex, long-term challenges and were further impacted by the economic downturn associated with the COVID-19 pandemic and the concurrent oil price collapse, which influenced the entire CMC market landscape.

The high cost of ceramic fibers remains a significant factor impacting market growth. Unlike carbon fiber, commonly used in metal and polymer composites, ceramic fibers are produced in smaller quantities, which prevents them from benefiting from the economies of scale that reduce costs in high-volume production.

Gather more insights about the market drivers, restrains and growth of the Ceramic Matrix Composites Market

Ceramic matrix composites are finding increasing application in industries like electronics, thermal management, and high-performance sports equipment, where they offer advantages such as improved performance, enhanced comfort, and robust structural integrity. Over the forecast period, CMCs are anticipated to replace traditional alloys and other metals in various applications, particularly where their high thermal resistance allows them to function with minimal or no cooling requirements. This quality is particularly valued in the aviation industry, where demand for CMCs is expected to grow significantly.

The United States, as a global military leader, is a major consumer of CMCs. Additionally, the U.S. Department of Energy is researching CMC cladding for fuel rods in light-water nuclear reactors, which could boost CMC demand in the energy and power sectors. In North America, the CMC market is expected to grow as key players increase research and development efforts, expand manufacturing capacity, and broaden their product offerings.

Application Segmentation Insights:

In 2022, the aerospace segment led the CMC market, accounting for over 41.95% of the global revenue share. The demand for ceramic matrix composites in aerospace is driven by their use in manufacturing essential components like noses, rudders, fins, leading edges, body flaps, hot structures, tiles, and panels for aircraft. CMCs’ high impact strength and hardness make them ideal for these applications, as they enhance durability and safety in aerospace structures.

In addition to aerospace, CMCs are valued for their application in manufacturing bullet-proof armor and as insulators for small arms weapon platforms. Many ceramic materials are transparent to specific types of energy and light, making them suitable for infrared domes, sensor protection, and multi-spectral windows.

The energy and power sector is expected to be the fastest-growing application segment for CMCs during the forecast period. With their high-temperature stability, oxidation resistance, and radiation tolerance, CMCs are well-suited for applications in both fission and fusion energy technologies.

Ceramic matrix composites are also widely used as isolators in the electronics industry and are integral to electronic circuits due to their high thermal conductivity. Other CMC applications include laser diodes, LEDs, artificial teeth, and fuel cells, which further support market expansion. These diverse applications make CMCs a valuable material in various high-performance and emerging technological fields.

Order a free sample PDF of the Ceramic Matrix Composites Market Intelligence Study, published by Grand View Research.

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Ceramic Matrix Composites Industry Overview, Challenges and Growth Opportunities Analysis till 2030

The global ceramic matrix composites (CMC) market was valued at approximately USD 3.40 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2023 to 2030. The increasing demand for materials with high-temperature stability, reduced weight, and exceptional strength is a key driver for this market’s growth. These properties make CMCs highly valuable in demanding applications where traditional materials often fall short. The chemical industry experienced a significant shift in the first half of 2020, as companies were already facing complex, long-term challenges and were further impacted by the economic downturn associated with the COVID-19 pandemic and the concurrent oil price collapse, which influenced the entire CMC market landscape.

The high cost of ceramic fibers remains a significant factor impacting market growth. Unlike carbon fiber, commonly used in metal and polymer composites, ceramic fibers are produced in smaller quantities, which prevents them from benefiting from the economies of scale that reduce costs in high-volume production.

Gather more insights about the market drivers, restrains and growth of the Ceramic Matrix Composites Market

Ceramic matrix composites are finding increasing application in industries like electronics, thermal management, and high-performance sports equipment, where they offer advantages such as improved performance, enhanced comfort, and robust structural integrity. Over the forecast period, CMCs are anticipated to replace traditional alloys and other metals in various applications, particularly where their high thermal resistance allows them to function with minimal or no cooling requirements. This quality is particularly valued in the aviation industry, where demand for CMCs is expected to grow significantly.

The United States, as a global military leader, is a major consumer of CMCs. Additionally, the U.S. Department of Energy is researching CMC cladding for fuel rods in light-water nuclear reactors, which could boost CMC demand in the energy and power sectors. In North America, the CMC market is expected to grow as key players increase research and development efforts, expand manufacturing capacity, and broaden their product offerings.

Application Segmentation Insights:

In 2022, the aerospace segment led the CMC market, accounting for over 41.95% of the global revenue share. The demand for ceramic matrix composites in aerospace is driven by their use in manufacturing essential components like noses, rudders, fins, leading edges, body flaps, hot structures, tiles, and panels for aircraft. CMCs’ high impact strength and hardness make them ideal for these applications, as they enhance durability and safety in aerospace structures.

In addition to aerospace, CMCs are valued for their application in manufacturing bullet-proof armor and as insulators for small arms weapon platforms. Many ceramic materials are transparent to specific types of energy and light, making them suitable for infrared domes, sensor protection, and multi-spectral windows.

The energy and power sector is expected to be the fastest-growing application segment for CMCs during the forecast period. With their high-temperature stability, oxidation resistance, and radiation tolerance, CMCs are well-suited for applications in both fission and fusion energy technologies.

Ceramic matrix composites are also widely used as isolators in the electronics industry and are integral to electronic circuits due to their high thermal conductivity. Other CMC applications include laser diodes, LEDs, artificial teeth, and fuel cells, which further support market expansion. These diverse applications make CMCs a valuable material in various high-performance and emerging technological fields.

Order a free sample PDF of the Ceramic Matrix Composites Market Intelligence Study, published by Grand View Research.