Ceramic Matrix Composites Market to Reach USD 18.02 Billion by 2028, Says Stratview Research

The global Ceramic Matrix Composites Market - encompassing advanced composite materials with ceramic matrices reinforced for enhanced strength, thermal shock resistance, and high-temperature stability - is projected to grow from USD 8.65 billion in 2021 to USD 18.02 billion by 2028, at a CAGR of 11.09% during 2022-2028. This robust expansion is primarily driven by the increasing demand for advanced lightweight materials in aerospace & defense and automotive industries, where ceramic matrix composites dramatically enhance fuel efficiency and performance by reducing component weight while withstanding harsh operating environments.

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Market Statistics

• Market size (2021): USD 8.65 billion
• Forecast value (2028): USD 18.02 billion
• CAGR (2022-2028): 11.09%
• Forecast period: 2022-2028
• Base year: 2021
• Total number of segments: 4 major categories + regions
• Tables & figures: 100+
• Country-Level Market Assessment: 20

Market Segmentation

By Product Type
• Oxide/Oxide
• Silicon Carbide/Silicon Carbide
• Carbon/Carbon
• Others

By End-Use Industry
• Aerospace & Defense
• Transportation
• Energy
• Electrical & Electronic
• Others

By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World

Segment Analysis

In Product Type, the Carbon/Carbon segment holds the dominant share owing to its exceptional high-temperature resistance, low thermal expansion, wear resistance and corrosion resistance, which make it ideal for critical components in aerospace, defense, and automotive applications; suppliers focused on carbon-rich CMC offerings can leverage this advantage as industries increasingly prioritize performance and durability.

For End-Use Industry, the Aerospace & Defense segment accounts for the largest share due to its extensive use of CMCs in aircraft components - including brakes, nose cones, and wing leading edges - where lightweight materials support fuel savings and enhanced performance; this underscores the strategic need for manufacturers to align product development with aerospace industry requirements.

Regional Insights

North America is the dominant region in the ceramic matrix composites market, driven by strong aircraft engine production and substantial aerospace & defense manufacturing capital, particularly in the United States which contributes over 90% of the regional demand; this prominence highlights the potential for companies to deepen partnerships with major aerospace OEMs and defense contractors in the region.

Market Drivers

• Growing aerospace & defense expenditure - rising aircraft production and increased penetration of CMCs to improve efficiency and performance.
• Demand for lightweight automotive materials - vehicle manufacturers seek CMCs to reduce weight and emissions.
• Expansion of high-performance energy applications - use of CMCs in turbine components and energy systems requiring high thermal stability.
• Technological advancements in CMC manufacturing - innovations improving scalability, performance, and cost efficiency.
• Development of new applications - expanding use of CMCs in transportation, electrical, and industrial sectors.

Competitive Landscape

Top Companies in the Market
• 3M
• CeramTec
• COI Ceramics Inc.
• CoorsTek Inc.
• GE Aviation
• Lancer Systems
• Rolls Royce Plc.
• SGL Group
• Ultramet
• United Technologies

FAQs

1. How big is the ceramic matrix composites market forecast for 2028?
The ceramic matrix composites market is expected to reach USD 18.02 billion by 2028.

2. What growth rate is the ceramic matrix composites market expected to achieve?
The market is projected to grow at a CAGR of 11.09% from 2022 to 2028.

3. Which product type leads the ceramic matrix composites market?
The carbon/carbon segment holds the largest share due to its superior thermal and mechanical properties.

4. Which industry consumes the most ceramic matrix composites?
The aerospace & defense sector accounts for the highest demand for CMCs.

5. Why is North America a key region for CMC demand?
North America leads due to its strong aerospace engine production and manufacturing base.

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This release was published on openPR.