Global Trend & Forecast of Ceramic Matrix Composites Market by 2026

Ceramic Matrix Composites Market worth 7.51 Billion USD by 2026
The 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.
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Browse 84 market data tables and 44 figures spread through 140 pages and in-depth TOC on “Ceramic Matrix
Composites Market - Global Forecast to 2026”
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The demand for lightweight and high-performance ceramic matrix composites in automotive and aerospace &
defense applications is propelled by regulatory norms emphasizing on the use of lightweight and fuel-efficient
materials.
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 segment has the largest market share and is 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 a 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, it is largely used to make 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.
Ceramic matrix composites are extensively used in the aerospace & defense application
Owing to their high strength and light weight, 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 the ceramic matrix composites market are expanding their production facilities to meet the 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 share of the ceramic matrix composites market, globally, in 2015. The
growth of the ceramic matrix composites market in this region is driven mainly by the growing aerospace &
defense industry owing to 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 the ceramic matrix composites market have announced significant investments for construction

of new manufacturing facilities to develop next generation gas turbine engines to meet the demand for greater
fuel efficiency in aviation propulsion. For example, General Electric Company has orders for more than 6,000 new
LEAP gas turbine engine units which are made from ceramic matrix composites. Rolls-Royce and Boeing/ATK-COIC
are also anticipating similar investments in the U.S. to produce ceramic matrix composites’ components for gas
turbine engines. These investments in the U.S. are expected to further boost the ceramic matrix composites
market in North America.
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Some of the key global players in the aerospace composites market are General Electric Company (U.S.), Rolls-
Royce Plc. (U.S.), SGL Group (Germany), COI Ceramics (U.S.), United Technologies (U.S.), CeramTec (Germany),
Lancer Systems (U.S.), CoorsTek (U.S.), Applied Thin Films (U.S.), Ultramet (U.S.), and others. These players have
adopted various organic and inorganic developmental strategies during the past five years.
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