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Report Overview
The global ceramic matrix composites market size reached a value of nearly USD 6.10 Billion in 2024 and is further estimated to grow over the forecast period of 2025-2034 at a CAGR of 13.00%.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- As per industry reports, the global aerospace and defence industry witnessed revenues of over USD 700 billion in 2022.
- Specialty Materials, Inc., Applied Thin Films, Inc., CoorsTek, Inc., COI Ceramics, Inc., Ultramet, Inc. are a few of the major companies in the market.
- End use players such as Boeing, AirBus, Lockheed Martin are witnessing backlogs in deliveries which is expected to drive the demand from aerospace and defence sector with backlogs amounting to over USD 700 million.
Ceramic Matrix Composites Market Size
The global ceramic matrix composites market size reached a value of nearly USD 5.40 billion in 2023 and is further estimated to grow over the forecast period of 2024-2032 at a CAGR of 13%.
Key Takeaways
- As per industry reports, the global aerospace and defence industry witnessed revenues of over USD 700 billion in 2022.
- Specialty Materials, Inc., Applied Thin Films, Inc., CoorsTek, Inc., COI Ceramics, Inc., Ultramet, Inc. are a few of the major companies in the market.
- End use players such as Boeing, AirBus, Lockheed Martin are witnessing backlogs in deliveries which is expected to drive the demand from aerospace and defence sector with backlogs amounting to over USD 700 million.
Ceramic matrix composites (CMCs) represent a cutting-edge class of materials featuring ceramic fibres nestled within a ceramic matrix structure. Common types include silicon carbide reinforced silicon carbide (SiC/SiC), carbon-reinforced carbon (C/C), and oxide-oxide (Ox/Ox). These versatile materials find widespread utility in gas turbines, structural re-entry thermal protection, heat exchangers, and fusion reactor walls. Distinguished by their lightweight nature and ability to withstand high temperatures, CMCs offer exceptional chemical stability and durability against everyday wear and tear. With superior attributes like stiffness, thermal shock resistance, and dimensional stability, CMCs play a pivotal role in diverse industries spanning automotive, electrical, electronics, and power generation.
Rising demand for lightweight, high-performance materials, particularly in the defence sector, propels the global ceramic matrix composites (CMCs) market growth. Applications like infrared domes and sensor protection underscore their significance. Notable for their exceptional heat resistance and mechanical prowess, CMCs benefit from ongoing technological advancements and evolving consumer preferences, fostering continued market expansion.
Ceramic Matrix Composites Market Report Snapshots
Ceramic Matrix Composites Market Size
Ceramic Matrix Composites Market Trends
Ceramic Matrix Composites Market Share
Ceramic Matrix Composites Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global ceramic matrix composites market attained a value of nearly USD 6.10 Billion.
The market is projected to grow at a CAGR of 13.00% between 2025 and 2034.
The major drivers of the industry, such as rising demand for lightweight and high-performance materials, growing demand from aviation industry, rising energy demands, and growing customer preference are aiding the market growth.
The extensive use of the product in sectors such as defence and rising technological advancements are expected to aid the ceramic matrix composites market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major composite types in the market include silicon carbide reinforced silicon carbide, carbon reinforced carbon, and oxide, among others.
Short fibre and continuous fibre are the significant fibre types of the product in the industry.
Alumina fibre, refractory ceramic fibres, and SiC fibre, among others are the major fibre materials in the industry.
Aerospace and defence, automotive, energy and power, electronics and electricals, among others, are the significant applications of the product in the industry.
The major players in the market are Specialty Materials, Inc., Applied Thin Films Inc., CeramTec GmbH, CoorsTek, Inc., Lancer Systems, Rolls-Royce plc, Ultramet, and COI Ceramics, Inc., among others.
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