Ceramic Matrix Composites Market To Reach $15.83 Billion By 2030

Ceramic Matrix Composites Market Growth & Trends

The global ceramic matrix composites market size is anticipated to reach USD 15.83 billion by 2030, growing at a CAGR of 12.5% during the forecast period, according to a new report by Grand View Research, Inc. The expanding demand for lightweight materials in the automotive industry is playing a crucial role in boosting the CMC market growth. With the growing focus on fuel efficiency and reducing carbon emissions, automakers are increasingly incorporating lightweight materials like CMCs into vehicle components. CMCs are used in critical parts such as brake systems and engine components, where their strength-to-weight ratio provides superior performance. As regulatory standards for fuel efficiency become more stringent globally, the demand for lightweight materials like CMCs is expected to rise, further driving market growth.

The advancement of defense technologies is another significant driver for the ceramic matrix composites industry. As defense applications require materials capable of withstanding extreme conditions such as high heat and pressure, CMCs are increasingly being used in the development of advanced military systems, including hypersonic vehicles, rockets, and armored vehicles. These composites provide the necessary strength, thermal resistance, and durability for such demanding applications, resulting in increased adoption within the defense sector and contributing to the overall growth of the CMC market.

The demand for advanced thermal protection systems (TPS) in the space exploration industry is also driving the growth of the CMC market. With the increasing interest in space missions, including human exploration of Mars and the Moon, there is a rising need for materials that can withstand the extreme heat and pressure during re-entry and landing. CMCs offer exceptional heat resistance and are ideal for TPS applications in spacecraft. As space exploration continues to advance, the demand for CMCs in this sector is expected to grow significantly, further boosting the market growth.

The advancements in manufacturing technologies for CMCs are also contributing to market growth. Innovations such as the development of advanced fiber weaving techniques, resin systems, and the introduction of low-cost production methods have made CMCs more accessible and cost-effective for industrial applications. As these technologies improve, the production of CMCs becomes more efficient, enabling their use in a broader range of applications, including automotive, defense, and electronics. The continuous evolution of CMC manufacturing processes is helping to drive their adoption across diverse industries.

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Ceramic Matrix Composites Market Report Highlights

• Based on product, the carbon segment led the market and accounted for the largest revenue share of 49.59% in 2024, driven by increasing demand for lightweight and high-strength materials across various industries.

• Based on application, the aerospace segment dominated the market and accounted for the largest revenue share of 43.77% in 2024. CMCs offer superior mechanical properties, including high-temperature resistance, enhanced toughness, and reduced weight compared to traditional metal alloys. These advantages contribute to improved fuel efficiency and overall performance in both commercial and military aerospace applications.

• North America dominated the ceramic matrix composites industry and accounted for the largest revenue share of 45.2% in 2024. Advancements in manufacturing technologies are contributing to the rapid growth of the CMC market in North America.

Ceramic Matrix Composites Market Segmentation

Grand View Research has segmented the global ceramic matrix composites market 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

• Hypersonic Missiles

• Others

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

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

List of Key Players in the Ceramic Matrix Composites Market

• 3M Company

• COI Ceramics, Inc.

• Coorstek, Inc.

• General Electric Company

• Kyocera Corporation

• Lancer Systems LP

• SGL Carbon Company

• Ultramet, Inc.

• Ube Industries, Ltd.