Ceramic Matrix Composites Market Size

Ceramic Matrix Composites Market size was over USD 14.81 billion in 2024 and is poised to reach USD 58.19 billion by the end of 2037, witnessing around 11.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ceramic matrix composites is assessed at USD 16.13 billion.

The growth of the sector could be dominated by the growing demand for power generation which is further estimated to be satisfied by wind energy. Wind energy all around the globe generated electricity of about 2099 TWh which is an increase of approximately 13% in the year 2022. Ceramic matrix composites are extensively used in the making of wind turbines. Hence, with the growing demand for wind energy, the market is also estimated to boost.

Additionally, there has been growth in carbon footprint all across the globe which is why governments of different nations are putting emphasis on renewable technology such as wind energy. Hence, they are investing heavily in building wind turbine projects further influencing the market expansion for ceramic matrix composites.