Ceramic Matrix Composites Industry Overview

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.

Applications, such as electronics, thermal management, and high-end sports equipment, are utilizing CMCs for improved performance, greater comfort, and sturdy structures. During the forecast period, ceramic matrix composites are anticipated to replace conventional alloys and other metal components, as ceramic matrix composites can function with little or no cooling, due to their high heat resistance properties. In other words, the demand in the aviation industry is expected to propel the demand for ceramic matrix composites during the forecast period.

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.

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.

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.

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• The global cobalt market size was estimated at USD 16.96 billion in 2024 and is expected to grow at a CAGR of 6.7% from 2025 to 2030. 
  
  
• The global silicon carbide fibers market size was valued at USD 1.20 billion in 2024 and is projected to grow at a CAGR of 28.1% from 2025 to 2030. 

Key Ceramic Matrix Composites Companies:

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:

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

• Oxides
• Silicon Carbide
• Carbon
• Others

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

• Aerospace
• Defense
• Energy Power
• Electrical Electronics
• Others

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

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Central South America
  • Brazil
• Middle East Africa

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