Latest Market Research Report 2025

  Ceramic Matrix Composites   Industry Overview The global ceramic matrix composites market size is expected to reach USD 8.94 billion by 2030, registering a CAGR of 12.8% during the forecast period, according to a new report by Grand View Research Inc. Increasing demand for ceramic matrix composites is being driven by their superior properties, such as high-temperature stability, reduced weight, and high strength.   Ceramic matrix composites have evoked keen interest from the aerospace and automotive sectors, owing to their superior mechanical properties, high strength-to-weight ratio, and vast application scope. Increasing fuel prices have triggered the need for lightweight components to boost fuel efficiency. The majority of automobiles today run on conventional fuel, so fuel-efficient products are in high demand. However, applications for CMCs are restricted due to their high prices. CMCs are mainly used in aerospace, automotive, and electronic or therm...

  Ceramic Matrix Composites Industry Overview The ceramic matrix composites market size was estimated at USD 3.0 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 12.9% from 2022 to 2030. High-temperature stability, in addition to reduced weight and high strength, is expected to propel market growth.   The chemical industry had an unanticipated turning point in the first half of 2020. These businesses, which were already coping with complicated long-term patterns, saw the combined consequences of the COVID-19-related economic crisis and the oil price crash. The global pandemic has had a significant influence on the market.   Gather more insights about the market drivers, restrains and growth of the Global Ceramic Matrix Composites Market   Many major players have kept their production sites open while implementing preventative measures such as social isolation, remote working where possible, and travel limits. In light of gl...