Ceramic Matrix Composites Market Overview, Analysis And Demand By 2034
Save 30% on All Global Market Reports With Code ONLINE30 – Gain Insights Into Tariffs, Inflation, and Industry Trends What Are the Projections for Ceramic Matrix Composites Market Size and CAGR During 2025-2029? The ceramic matrix composites market size has grown strongly in recent years. It will grow from $7.63 billion in 2024 to $8.31 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increasing demand for consumer electronics, strong economic growth in emerging markets, a rise in disposable income, and increased demand for air travel. The ceramic matrix composites market size is expected to see rapid growth in the next few years. It will grow to $12.95 billion in 2029 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to the high demand for lightweight automobiles, increasing demand for electric vehicles, increasing demand for portable electronic devices using cera...