Ceramic Matrix Composites Market worth 7.51 Billion USD by 2026
According to the new research report "Ceramic Matrix Composites Market by Matrix Type (Oxide/Oxide, SiC/SiC,
Carbon/Carbon), Application (Aerospace & Defense, Automotive, Energy & Power, Electrical & Electronics), and
Region - Global Forecast to 2026", The ceramic matrix composites market is projected to reach USD 7.51 Billion by
2026, growing at a CAGR of 9.65%, from 2016 to 2026. The demand for light weight and high-performance ceramic
matrix composites in automotive and aerospace & defense applications is propelled by regulatory norms
emphasizing on the use of light weight and fuel efficient materials
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Carbon/Carbon ceramic matrix composites comprise a major share in the ceramic matrix composites market in
terms of value and volume
Carbon/Carbon (C/C) ceramic matrix composites have the largest market share and are projected to grow at the
highest CAGR in the global ceramic matrix composites market. There is a high demand for C/C ceramic matrix
composites for wide body commercial aircraft. C/C ceramic matrix composites are considered as material of choice
for braking systems in aerospace and automotive industry, due to their low weight, high friction and temperature
resisting properties. In the aerospace & defense applications, ceramic matrix composites are largely used to make
the brakes, nose cones and wing leading edges of the space shuttle orbiter. In the automotive applications, it is
majorly used in the brake systems of luxury and sports cars. In addition to this, the mass production of ceramic
matrix composites using carbon fibers leads to lower prices of carbon/carbon ceramic matrix composites, which
makes it a popular commercial choice over other matrix composites.
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Ceramic matrix composites are extensively used in the aerospace & defense application
Owing to their high strength and light weight, a majority of the ceramic matrix composites are used to make
exterior aerospace & defense components such as exhaust nozzle, nose cap and engines. Therefore, major
companies operating in ceramic matrix composites are expanding their production facilities to meet increasing
demand for ceramic matrix composites from aircraft manufacturers.
North America accounts for a major market share of the ceramic matrix composites market
North America accounted for the largest market share in ceramic matrix composites, globally, in 2015. The growth
of the ceramic matrix composites market in this region is driven mainly by growing the aerospace & defense
industry on account of low interest rates, presence of established ceramic matrix composites players, and stringent
environmental regulations emphasizing on the use of lightweight and fuel-efficient materials. Major industry
leaders in ceramic matrix composites have announced significant investments for construction of new
manufacturing facilities to develop next generation gas turbine engines to meet demand for greater fuel efficiency
Kailas Suryawanshi
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