Ceramic Matrix Composites Market 2030 - In-Depth Analysis on Size, Trends & Prominent Key Players
The global ceramic matrix composites (CMC) market was valued at USD 7.83 billion in 2024 and is forecasted to expand significantly to reach USD 15.83 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.5% between 2025 and 2030. This robust market growth is primarily attributed to the surging demand for lightweight, high-strength, and temperature-resistant materials across a diverse range of industries, including aerospace, defense, automotive, and energy. Ceramic matrix composites exhibit superior mechanical and thermal properties that distinguish them from conventional materials such as metals and polymers. Key attributes of CMCs include exceptional resistance to high temperatures, low density, enhanced durability, and greater thermal and mechanical stability, which make them indispensable in advanced engineering applications. These materials are increasingly being utilized in aircraft engine components, thermal protection systems, and missile s...