Press release
Ceramic Matrix Composites Market to Reach USD 25.76 Billion by 2031 | North America Leads Adoption | Top Companies - GE, Rolls-Royce, SGL Carbon, Raytheon Technologies
Leander, Texas and Tokyo, Japan - Feb.3.2026As per DataM Intelligence research report "Ceramic Matrix Composites Market reached USD 11.82 billion in 2022 and is expected to reach USD 25.76 billion by 2031, growing with a CAGR of 10.31% from 2024 to 2031."
The market is driven by excellent thermal stability, high strength-to-weight ratio, lightweight properties, and superior performance in extreme temperatures, fueling demand from aerospace & defense (jet engines, combustor liners, thermal protection systems), automotive (brake disks, high-temperature components for fuel efficiency and emissions reduction), energy & power (gas turbines, solar systems, nuclear reactors), and industrial applications. Advancements in manufacturing processes like chemical vapor infiltration and polymer infiltration pyrolysis, along with increasing focus on lightweight materials for sustainability, support adoption. Despite high production costs, complex manufacturing requiring skilled labor, lack of standardized testing, and supply chain challenges, demand remains robust in high-performance sectors prioritizing durability and efficiency.
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Ceramic Matrix Composites Market: Competitive Intelligence
General Electric, Rolls-Royce PLC, SGL Carbon, Raytheon Technologies Corporation, Applied Thin Films, Ultramet, CoorsTek, Lancer Systems, COI Ceramics, CFC Carbon Co., Ltd.
The Ceramic Matrix Composites Market continues to gain structural strength through the combined influence of General Electric, Rolls-Royce PLC, SGL Carbon, Raytheon Technologies Corporation, Applied Thin Films, Ultramet, CoorsTek, Lancer Systems, COI Ceramics, and CFC Carbon Co., Ltd. Together, these companies support critical end-use industries such as aerospace & defense, automotive, energy & power, electrical & electronics, and industrial manufacturing, where exceptional heat resistance, lightweight design, mechanical toughness, and reliability in extreme environments remain essential. Their portfolios help address demanding application requirements including high-temperature oxidation resistance, thermal shock tolerance, corrosion protection, and strong performance across diverse high-stress substrates. As a result, the Ceramic Matrix Composites Market benefits from steady demand, technological advancement, and broad industrial relevance despite ongoing challenges in cost reduction and scalability.
The collective momentum created by these companies enhances the competitive depth of the Ceramic Matrix Composites Market by combining global scale with specialized expertise. General Electric, Rolls-Royce, Raytheon Technologies, and SGL Carbon bring extensive R&D capabilities, strong regulatory compliance, and multinational distribution networks that reinforce market leadership and customer trust. At the same time, Applied Thin Films, Ultramet, CoorsTek, Lancer Systems, COI Ceramics, and CFC Carbon contribute application-specific innovation, particularly in advanced infiltration processes, custom components for turbines, brakes, and defense systems. This balance of scale, specialization, and geographic reach supports consistent product availability and enables faster adaptation to evolving performance, sustainability, and compliance expectations.
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Fund Raisings
✅ January 2026 - CoorsTek (United States)
CoorsTek allocated strategic investment to expand ceramic matrix composite production facilities focused on aerospace and energy applications. The funding supports advanced SiC-based materials and process optimization.
✅ December 2025 - SGL Carbon (Germany)
SGL Carbon directed internal capital toward innovation in carbon-fiber reinforced ceramic composites for high-temperature industrial uses. The investment enhances durability and manufacturing efficiency.
✅ November 2025 - COI Ceramics (United States)
COI Ceramics invested growth capital to strengthen its oxide/oxide and SiC/SiC CMC portfolio for defense and turbine segments. The initiative supports R&D in next-generation high-temperature composites.
Product Launches & Partnerships
✅ January 2026 - General Electric (United States)
GE launched enhanced CMC components for next-generation jet engines, offering improved thermal management and weight reduction in combustor liners and turbine shrouds.
✅ December 2025 - Rolls-Royce PLC (United Kingdom)
Rolls-Royce introduced upgraded ceramic matrix composites optimized for gas turbine hot sections, delivering superior oxidation resistance and extended service life.
✅ October 2025 - SGL Carbon (Germany)
SGL Carbon released advanced C/SiC and C/C composites focused on brake disks and high-heat industrial applications, supporting demanding automotive and energy processes.
Mergers & Acquisitions
✅ January 2026 - Raytheon Technologies Corporation (United States)
Raytheon expanded its advanced materials portfolio through acquisition of a specialty CMC provider, strengthening capabilities in defense and aerospace thermal protection systems.
✅ November 2025 - Ultramet (United States)
Ultramet acquired a regional advanced ceramics business to enhance its refractory CMC offerings. The acquisition improves technological depth and customer reach in high-temperature markets.
✅ October 2025 - CoorsTek (United States)
CoorsTek completed a strategic acquisition to broaden its industrial and energy CMC segment. The deal reinforces long-term growth in ceramic matrix composite applications.
Segment Covered in the Ceramic Matrix Composites Market:
By Product Type
The market is segmented into C/SiC Ceramic Matrix Composites ~35%, C/C Ceramic Matrix Composites ~25%, Oxide/Oxide Ceramic Matrix Composites ~20%, SiC/SiC Ceramic Matrix Composites ~15%, and Others ~5%, with C/SiC and C/C composites dominating due to their superior high-temperature resistance, thermal stability, and lightweight properties. Oxide/oxide and SiC/SiC composites gain momentum with increasing use in oxidizing environments and advanced aerospace and energy applications.
By Application
Applications include Gas Turbine, Burner, and Hot Ducts ~40%, Brake Disk ~25%, Bearings ~20%, and Others ~15%, with gas turbines and hot duct components leading due to their ability to withstand extreme temperatures and mechanical stress. Brake disks show strong adoption in high-performance automotive and aerospace sectors, while bearings expand in industrial and energy applications requiring wear resistance.
By End-User
End-users comprise Aerospace & Defense ~40%, Automotive ~30%, Energy & Power ~15%, Electrical & Electronics ~10%, and Others ~5%, with aerospace & defense dominating due to extensive use of CMCs in aircraft engines, thermal protection systems, and space applications. Automotive adoption grows with demand for lightweight, high-performance braking systems, while energy & power benefits from efficiency improvements in turbines and high-temperature components.
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Regional Analysis
North America - Largest Share
North America leads due to strong aerospace & defense ecosystem, major players like GE and Raytheon, advanced R&D, and high adoption in turbines and military applications in the U.S. and Canada.
Asia Pacific - Fastest Growing
Asia Pacific is the fastest-growing region driven by rapid industrialization, investments in aerospace (Mitsubishi, Toyota), automotive, and energy sectors, plus low-cost labor and raw materials in China, Japan, India, and Southeast Asia.
Europe - Significant Share
Europe holds a strong share supported by Rolls-Royce, SGL Carbon, automotive innovation, and energy transition projects in Germany, UK, France, and others.
Latin America - Smaller Share
Latin America accounts for smaller share with emerging growth in industrial and energy applications in Brazil, Mexico, and Argentina.
Middle East & Africa - Smaller Share
Middle East & Africa holds smaller share with increasing adoption in energy, defense, and infrastructure in GCC countries and South Africa.
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