The global ceramic matrix composites market size was US$ 6.9 billion in 2021. The global ceramic matrix composites market is forecast to grow to US$ 19.59 billion by 2030 by growing at a compound annual growth rate (CAGR) of 12% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Ceramic matrix composites find wide applications in various industries, such as energy & power, electronics, aerospace & defense, transportation, and others. Thus, the wide applications of the product will benefit the global ceramic matrix composites market during the study period.

Rising demand for lightweight, fuel-efficient, and compatible materials will offer ample growth opportunities for the market. In addition, the benefits of ceramic matrix composites over titanium metal, and other composites are likely to benefit the market in the coming years. Ceramic matrix composites offer exceptional performance even at higher temperatures. Thus, it will benefit the market during the study period.

The growing number of aircraft programs will contribute to the growth of the market. Furthermore, a growing number of regulations by government bodies to use lightweight materials will escalate the growth of the market. The automotive sector is witnessing severe concerns related to the manufacturing of lightweight vehicles. Thus, the demand for lightweight ceramic matrix composites will increase in these industries to comply with government regulations.

High costs of ceramic matrix composites may limit the growth of the market.

COVID-19 Impact Analysis

The COVID-19 pandemic has negatively affected the ceramic matrix composites market, majorly due to the disruptions witnessed by the end-use industries. End-Use industries, including aerospace, automotive, transportation, and electronics, witnessed significant downfall due to the pandemic. As a result, it ultimately hampered the growth of the global ceramic matrix composites market. In addition, the economic slowdown has been a major reason behind the drastic downfall of the industry.

Regional Analysis

North America is forecast to dominate the ceramic matrix composites market in terms of revenue. The growth of the market is attributed to the presence of various ceramic matrix composites manufacturers. In addition, growing investments in R&D and the presence of prominent end-use industries will contribute to the growth of the ceramic matrix composites market during the study period.

Competitors in the Market

General Electric (US)
3M (US)
Ultramet (US)
CeramTec (Germany)
Ube Industries, Ltd (Japan)
CoorsTek (US)
Rolls-Royce (Uk)
Safran (France)
Other Prominent Players
Market Segmentation

The global ceramic matrix composites market segmentation focuses on Composite, Category, Production, End-Use, and Region.

Based on the composite type, the ceramic matrix composites market has been segmented into

Oxide/Oxide
Carbon/Silicon Carbide
Carbon/Carbon
Silicon Carbide/Silicon Carbide
Others
Based on the category, the ceramic matrix composites market has been segmented into

Short Fiber
Long Continuous Fiber
Whiskers
Others
Based on the production process, the ceramic matrix composites market has been segmented into

Powder Dispersion
Reactive Melt Infiltration
Polymer Impregnation & Pyrolysis
Sol-gel
Others
Based on the end-use industry, the ceramic matrix composites market has been segmented into

Energy & Power
Electronics
Aerospace & Defense
Transportation
Other
Based on the region, the ceramic matrix composites market has been segmented into

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America