Ceramic Matrix Composites Market Size Poised To Reach USD 8.94 Billion By 2030
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQWgnutTzvh_FwBk3aAXCA99a_cIBQPUY5IfWpdyRHs2ytTYXRjK_ee8Q_d1F3lcqwWaLcKol3sGJxx69Cn25N4HGe_VL_QMy72XkVrfB1z8wEje30ToIp0UyV_Y7qSSjv-GJYfZc7f6COVkF-LZ-EE4ihzQoRAlAOhI31gWdv1s9UUYPwoOfFp86MT1dK/s320/Ceramic%20Matrix%20Composites%20Market.png)
San Francisco, 23 June 2023: The Report Ceramic Matrix Composites Market Size, Share & Trends Analysis Report By Product (Oxide, Silicon Carbide, Carbon), By Application (Aerospace, Defense, Energy & Power, Electrical & Electronics), By Region, And Segment Forecasts, 2023 - 2030 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 to