Ceramic Matrix Composites Market
Ceramic Matrix Composites Market
The market for Ceramic Matrix Composites was estimated at $1.64 billion in 2024; it is anticipated to increase to $3.0 billion by 2030, with projections indicating growth to around $4.8 billion by 2035.
Datatree
Global Ceramic Matrix Composites Market Outlook
Revenue, 2024 (US$B)
$1.6B
Forecast, 2034 (US$B)
$4.4B
CAGR, 2024 - 2034
10.3%
Market Size Forecast & Key Insights
- The Ceramic Matrix Composites market is projected to grow from $1.6 billion in 2024 to $4.4 billion in 2034. This represents a CAGR of 10.3%, reflecting rising demand across Aerospace Industry, Electronics Manufacturing and Automotive Engineering.
- U.S. and China are the top markets within the Ceramic Matrix Composites market and are expected to observe the growth CAGR of 7.5% to 10.8% between 2024 and 2030.
- Emerging markets including Brazil, South Africa and Malaysia are expected to observe highest growth with CAGR ranging between 9.9% to 12.9%.
- The Ceramic Matrix Composites market is set to add $2.7 billion between 2024 and 2034, with manufacturer targeting Automotive & Energy Application projected to gain a larger market share.
- With Aerospace industry growth, and Energy sector advancements, Ceramic Matrix Composites market to expand 167% between 2024 and 2034.
Opportunities in the Ceramic Matrix Composites
Expanding the market for CMC materials could involve forming partnerships with technology driven companies to supply materials needed for cutting edge device manufacturing processes They offer a distinctive opportunity for utilizing CMC applications in tech production to address overheating concerns and enhance longevity due, to their thermal resilience and strength.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
Asia-Pacific Outlook
Market Dynamics and Supply Chain
Driver: Aerospace Industry Growth, and Automotive Industry Demand
Restraint: High Production Cost
Opportunity: Automotive Advancements and Renewed Aerospace Focus
Challenge: Technical Challenges
Supply Chain Landscape
Raw Material Procurement
Saint-Gobain
CoorsTek
Material Processing & Manufacturing
3M Company
Morgan Advanced Materials
Component Fabrication
General Electric Company
Rolls-Royce plc
End-User Industry
Aerospace & Defense
Energy
Automobile
Raw Material Procurement
Saint-Gobain
CoorsTek
Material Processing & Manufacturing
3M Company
Morgan Advanced Materials
Component Fabrication
General Electric Company
Rolls-Royce plc
End-User Industry
Aerospace & Defense
Energy
Automobile