The Ceramic Matrix Composites Market is projected to grow at a CAGR 8.67% rate between 2021 and 2026.

The market is growing due to the high demand from end-use segments aerospace & defense, automotive, and energy & power.
Aerospace & defense industry is expected to lead the ceramic matrix composites market owing to its properties such as high damage tolerance, fracture toughness, and high temperature, wear, & corrosion resistance. Ceramic matrix composite is expected to replace titanium metal- and other composites-based components in aircraft structures which is one of the major factors influencing the demand for the market. Gas turbine engines, nose caps, exhaust nozzles, and missile propulsion systems are some of the key applications of ceramic matrix composites in the aerospace & defense end-use industry.
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1. Ceramic Matrix Composite Market, By Type
1.1. Oxide/Oxide Ceramic Matrix Composites
1.2. C/SiC Ceramic Matrix Composites
1.3. C/C Ceramic Matrix Composites
1.4. SiC/SiC Ceramic Matrix Composites
2. Ceramic Matrix Composite Market, By End-Use Industry
2.1. Aerospace & Defense
2.2. Automotive
2.3. Energy & Power
2.4. Industrial
2.5. Others
3. Ceramic Matrix Composite Market, By Region
3.1. North America
3.2. Europe
3.3. Asia Pacific
3.4 Rest of World
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