The Latest Ceramic Matrix Composites Industry Statistics Explained
The global Ceramic Matrix Composites (CMCs) market size was valued at USD 6.45 billion in 2019.
The statistic indicates that in 2019, the total market value of Ceramic Matrix Composites (CMCs) worldwide was estimated to be USD 6.45 billion. This figure is significant as it reflects the cumulative value of all CMC-related products and services consumed by various industries across different regions during that year. The market size of CMCs suggests a growing demand for these advanced materials, likely driven by their unique properties such as high strength, lightweight, and temperature resistance, which make them suitable for applications in aerospace, defense, automotive, and other high-performance industries. This statistic serves as a key indicator of the economic importance and growth potential of CMCs as a market segment within the global materials industry.
The CMC market is expected to have a CAGR of 12.9% from 2020 to 2027.
The statistic stating that the CMC market is expected to have a Compound Annual Growth Rate (CAGR) of 12.9% from 2020 to 2027 implies that the market is projected to grow at a consistent annual rate of 12.9% over the specified time period. This forecast suggests a strong and steady expansion in the CMC market over the next seven years, indicating increasing demand and potential opportunities for businesses operating within the industry. The CAGR value reflects the average annual growth rate, providing an estimate of the market’s growth trajectory and helping stakeholders understand the potential scale and pace of the market’s development in the coming years.
Oxide-Oxide CMCs accounted for 28.41% of the overall market in 2019.
The statistic ‘Oxide-Oxide CMCs accounted for 28.41% of the overall market in 2019’ indicates that in the year 2019, the market for ceramic matrix composites (CMCs) was predominantly made up of Oxide-Oxide CMCs, with these specific type of composites representing 28.41% of the total market share. This suggests that Oxide-Oxide CMCs were a significant player in the market, illustrating their popularity and demand compared to other types of CMCs. This statistic provides valuable information about the market dynamics and consumer preferences within the CMC industry for that particular year.
The aerospace application sector accounted for a substantial market share of 37.06% in 2019.
The statistic indicates that the aerospace application sector held a significant portion of the market in 2019, comprising 37.06% of the total market share. This suggests that aerospace technologies, products, and services were in high demand and contributed significantly to the overall economic landscape that year. The sector’s strong market presence implies that it played a crucial role in driving industry growth and innovation, attracting investments, and creating job opportunities within the aerospace industry and related sectors. Additionally, the dominance of the aerospace application sector in 2019 underscores its importance and influence on the global market dynamics during that period.
Asia Pacific is projected to be the fastest-growing region with a CAGR of 15.9% through 2027 for the CMC industry.
This statistic indicates that the Asia Pacific region is expected to experience the highest rate of growth in the Chemical, Materials, and Cosmetics (CMC) industry, with a Compound Annual Growth Rate (CAGR) of 15.9% projected until the year 2027. This rapid growth forecast suggests that the region’s market for chemicals, materials, and cosmetics is anticipated to expand significantly over the coming years, driven by factors such as increasing industrialization, expanding consumer markets, and advancements in technology. Companies operating in the CMC industry may find opportunities for investment and expansion in the Asia Pacific region, leveraging the projected growth to enhance their market position and profitability.
North America held the largest market share of 39.7% in the CMC industry in 2019.
The statistic ‘North America held the largest market share of 39.7% in the CMC (Cellulose Microcrystalline) industry in 2019’ indicates that among all regions globally, North America accounted for the highest proportion of the overall market for CMC in the specified year. This suggests that North American countries were the major contributors to the production, consumption, and revenue generated within the CMC industry. The dominance of North America in the CMC market share in 2019 implies that the region likely had significant manufacturing capabilities, technological advancements, consumer demand, or other factors that propelled its position ahead of other regions in the industry.
Carbon/Carbon (C/C) CMCs accounted for 28.7% market share in 2019.
The statistic “Carbon/Carbon (C/C) CMCs accounted for 28.7% market share in 2019” indicates that in the year 2019, Carbon/Carbon (C/C) ceramic matrix composites (CMCs) made up 28.7% of the total market share within the relevant industry or sector. This suggests that C/C CMCs were a significant player in the market during that year, capturing nearly a third of the market. The high market share of C/C CMCs can signify their popularity, competitiveness, and potentially unique properties or advantages that set them apart from other materials or composites in the industry during that period.
CMC demand in the defense sector is expected to have a CAGR of 13.5% from 2020 to 2027.
This statistic indicates that the Compound Annual Growth Rate (CAGR) for CMC (Ceramic Matrix Composites) demand in the defense sector is projected to be 13.5% between the years 2020 and 2027. CAGR is a measure used to represent the mean annual growth rate of an investment over a specified time period. In this context, the CAGR of 13.5% suggests that the demand for CMCs in the defense sector is anticipated to increase steadily at an average annual rate of 13.5% from 2020 to 2027. This information is valuable for stakeholders in the defense industry as it provides insight into the expected growth trend and helps in strategic planning and decision-making processes.
Energy and Power application in CMC recorded 10.2% CAGR in 2019.
The statistic ‘Energy and Power application in CMC recorded 10.2% CAGR in 2019’ indicates that the Compound Annual Growth Rate (CAGR) for the Energy and Power sector within the Chemicals, Materials, and Coatings (CMC) industry experienced a growth of 10.2% in 2019. This suggests that there was a significant increase in the market size and revenue generated by energy and power applications within the CMC sector over the course of the year. A CAGR of 10.2% implies a steady growth rate over a specific period, reflecting a positive trend in this particular segment of the industry during 2019.
The electronics sector accounted for around 9.3% of the CMC industry in 2019.
In 2019, the electronics sector made up approximately 9.3% of the CMC (Chemicals, Materials, and Commodities) industry. This statistic suggests that the electronics industry played a significant role within the broader CMC industry, with nearly a tenth of the sector’s activities being focused on electronics-related products and services. This information is valuable for understanding the composition and impact of different sectors within the CMC industry, highlighting the importance of the electronics sector in driving economic activity, innovation, and market dynamics within this broader industry category.
The Middle East & Africa is projected to exhibit a CAGR of 10.8% from 2020 to 2027 in the CMC industry.
This statistic indicates that the Compound Annual Growth Rate (CAGR) of the Chemical Management Services (CMS) industry in the Middle East & Africa region is anticipated to be approximately 10.8% from 2020 to 2027. This forecast suggests a significant growth trajectory for the industry in this specific geographical area over the specified time period. A CAGR of 10.8% implies that the industry’s revenue or market size is projected to grow at an average annual rate of 10.8% during this period, highlighting the potential opportunities and market dynamics driving expansion and investment in the CMS sector within the Middle East & Africa region.
Europe’s market size for CMC was USD 1.66 billion in 2019.
The statistic “Europe’s market size for CMC was USD 1.66 billion in 2019” refers to the total value of carboxymethyl cellulose (CMC) products sold in Europe during the year 2019. This figure represents the revenue generated from the sales of CMC, a versatile cellulose derivative used in a variety of industries such as food and beverages, pharmaceuticals, and personal care products. The size of the market indicates the level of demand for CMC in Europe and provides insight into the industry’s economic significance and potential growth opportunities.
Asia-Pacific is expected to grow at the highest CAGR of 16.1% in CMC market during 2020-2025.
This statistic indicates that the Asia-Pacific region is forecasted to experience the highest Compound Annual Growth Rate (CAGR) of 16.1% in the CMC (Carboxymethyl Cellulose) market between the years 2020 and 2025. The CAGR represents the annual growth rate over a specified period of time, in this case, a five-year period. A higher CAGR suggests strong growth potential for the CMC market in the Asia-Pacific region compared to other regions. Factors such as increasing industrial activities, rising demand for processed foods, and the growing textile industry in Asia-Pacific may contribute to this projected growth rate. This statistic implies that businesses operating in the CMC market may find lucrative opportunities for expansion and investment in the Asia-Pacific region in the coming years.
The US accounted for about 42% of the global CMC market in 2025.
This statistic indicates that in 2025, the United States held a significant share of approximately 42% in the global Carboxy Methyl Cellulose (CMC) market, a common ingredient used in various industries including food production, pharmaceuticals, and personal care products. This suggests that the US CMC industry is a dominant player on the international stage, potentially due to factors such as advanced technology, high demand for CMC products, strong supply chains, and regulatory environment. The substantial market share held by the US in the global CMC market underscores the country’s role as a major contributor to the production and consumption of this versatile chemical compound.
Conclusion
Based on the provided Ceramic Matrix Composites industry statistics, it is evident that the sector is experiencing growth and innovation. With increasing demand for high-performance materials in various applications, the future looks promising for Ceramic Matrix Composites. It is essential for industry players to adapt to market trends and leverage opportunities for continued success in this evolving market.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.globenewswire.com
2. – https://www.www.marketdataforecast.com
