Ceramic Matrix Composites Market Expected to Reach $7,707 Million by 2023


quote Demand for ceramic matrix composites has increased in the aerospace & defense industry, owing to its excellent performance properties such as low weight, high friction, fracture toughness, and temperature resistant at higher temperatures, which makes it ideal for its utilization in propulsion systems and engine components. quote

Eswara Prasad
Team Lead, Chemicals & Materials at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       

According to a new report published by Allied Market Research, titled, "Ceramic Matrix Composites Market by Fiber Type, Type, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global ceramic matrix composites market was valued at $3,900 million in 2016, and is projected to reach at $7,707 million by 2023, growing at a CAGR of 10.3% from 2017 to 2023. The oxide-oxide (Ox/Ox) segment accounted for the maximum share of total market in 2016.

Access Full Summary at: https://www.alliedmarketresearch.com/ceramic-matrix-composites-market

Ceramic matrix composites are considered as materials consisting of ceramic matrix combined with a ceramic, such as oxides and carbides, in the dispersed phase. These materials exhibit multiple physical & mechanical properties such as high refractoriness and brittleness. Moreover, the ceramic fiber composites provide toughness and strength at high temperatures, therefore find wide application in aerospace & defense industry in ballistic applications.

At present, the global market witnesses numerous opportunities, owing to high temperature stability and better thermal shock resistance boosting the demand for aircraft component production. Moreover, the energy & power segment is estimated to emerge as the growing application of ceramic composites. In addition, growth in the aerospace & defense sectors and installation of new power plants in Asia-Pacific are expected to boost the market growth. However, surge in customization requirement and slower adoption in newer applications are expected to restrict the market growth during the forecast period.

The oxide-oxide segment accounted for the maximum share, in terms of volume, in 2016. Moreover, this segment witnesses strong demand for aerospace, defense, and energy & power applications, owing to improved properties of oxide compounds such as no oxidation, fracture resistant, and less expensive production process.

Key Findings of the Ceramic Matrix Composites Market:

  • In terms of value, the silicon carbide reinforced silicon carbide (SiC/SiC) segment is anticipated to exhibit the highest growth rate of 10.7% during the analysis period.
  • Asia-Pacific is anticipated to lead the market in 2023, and is projected to grow with a CAGR of 11.0%, in terms of value.
  • The aerospace & defense segment occupied one-third of the total market in 2016.
  • Brazil occupied more than one-third of the total LAMEA ceramic matrix composites market in 2016.
  • In terms of value, Japan is expected to grow at a CAGR of 11.7% from 2017 to 2023.

In 2016, North America accounted for nearly half of the total market, and is expected to continue this trend, owing to higher penetration of the aerospace & defense sector. The major companies profiled in the report include Rolls-Royce PLC., COI Ceramics Inc., SGL Group. Ceramtec, Lancer Systems., Coorstek Inc., Applied Thin Films, Inc., Ultramet, and Composites Horizons and Starfire Systems Inc.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com


For Media Inquiries, Please Contact

Abhinav Rautela
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at


First time buyer?
Check offers and discount on this report
To get this report

Click Here

quote Ceramic Matrix Composites Market by Fiber Type (Short Fiber and Continuous Fiber), Type (Silicon Carbide Reinforced Silicon Carbide (Sic/Sic), Carbon Reinforced Carbon (C/C), Oxide-Oxide (Ox/Ox), and Others), and End User (Aerospace & Defense, Automotive, Energy & Power, Electricals & Electronics, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023 quote

View Report

Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers


Featured Readings


Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

Get Industry Data Alerts

Buy Full Version
"Ceramic Matrix Composites Market"
Purchase Enquiry