Global Ceramic Matrix Composites Market Size & Outlook
Global ceramic matrix composites market, 2018-2030 (US$M)
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Global ceramic matrix composites market highlights
- The global ceramic matrix composites market generated a revenue of USD 3,400.4 million in 2022 and is expected to reach USD 8,944.0 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 12.8% by 2030.
- In terms of segment, sic accounted for a revenue of USD 1,270.6 million in 2022.
- Oxide is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 3,400.4 million |
| Market revenue in 2030 | USD 8,944.0 million |
| Growth rate | 12.8% (CAGR from 2022 to 2030) |
| Largest segment | Sic |
| Fastest growing segment | Oxide |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxide, SiC, Carbon |
Other key industry trends
- In terms of revenue, the North America accounted for 46.4% of the global ceramic matrix composites market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 624.6 million by 2030.
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Ceramic Matrix Composites Market Scope
Ceramic Matrix Composites Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global ceramic matrix composites market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ceramic matrix composites market will help companies and investors design strategic landscapes.
Sic was the largest segment with a revenue share of 37.37% in 2022. Horizon Databook has segmented the Global ceramic matrix composites market based on oxide, sic, carbon covering the revenue growth of each sub-segment from 2018 to 2030.
CMCs have evoked a keen interest from the aerospace and automotive sectors owing to superior mechanical properties, high strength to weight ratio, and vast application scope. Increasing fuel prices have triggered the need for lightweight components in order to boost fuel efficiency. Most of the cars in today's world run on conventional fuel, which has fostered the need for fuel-efficient vehicles.
Increasing environmental concerns and stringent pollution control norms have forced automotive and aerospace component manufacturers to control automotive emissions. One of the most important factors affecting fuel efficiency and vehicular pollution is the curb weight, reduction of which drastically increases fuel efficiency and eliminates pollution.
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Our clientele includes a mix of ceramic matrix composites market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global ceramic matrix composites market , including forecasts for subscribers. This global databook contains high-level insights into Global ceramic matrix composites market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global ceramic matrix composites market size, by regions, 2018-2030 (US$M)
Top 10 countries: Ceramic matrix composites market size, 2022 (US$M)
Global ceramic matrix composites market share, by product, 2022 & 2030 (%, US$M)
Ceramic matrix composites market: Opportunity assessment by country
Global ceramic matrix composites market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,353.2 | 1,529.4 | 1,393.2 | 1,394.8 | 1,577.8 | 1,778.5 | 2,013.6 | 2,271.8 | 2,569.9 | 2,896.8 | 3,279.8 | 3,700.3 | 4,185.8 | 13.0% |
| Europe | 823.0 | 925.9 | 839.6 | 836.6 | 941.9 | 1,056.8 | 1,190.9 | 1,337.2 | 1,505.5 | 1,689.0 | 1,903.3 | 2,137.1 | 2,406.0 | 12.4% |
| Asia Pacific | 568.2 | 644.8 | 589.8 | 592.8 | 673.3 | 761.9 | 866.1 | 981.0 | 1,114.0 | 1,260.6 | 1,432.7 | 1,622.6 | 1,842.5 | 13.4% |
| Latin America | 119.5 | 133.9 | 121.0 | 120.1 | 134.6 | 150.5 | 168.9 | 188.9 | 211.8 | 236.6 | 265.5 | 296.8 | 332.7 | 12.0% |
| MEA | 65.0 | 72.8 | 65.6 | 65.0 | 72.8 | 81.2 | 91.0 | 101.5 | 113.6 | 126.7 | 141.9 | 158.3 | 177.1 | 11.8% |
| Overall | 2,929.0 | 3,306.8 | 3,009.2 | 3,009.2 | 3,400.4 | 3,828.8 | 4,330.4 | 4,880.4 | 5,514.8 | 6,209.7 | 7,023.1 | 7,915.1 | 8,944.0 | 12.9% |
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