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[English Market Research Report] CMC (Ceramic Matrix Composites) Market

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The global market size for CMC (ceramic matrix composites) reached 11 billion USD in 2023. The IMARC Group forecasts that the market will reach 24.2 billion USD by 2032, with a growth rate (CAGR) of 8.93% from 2024 to 2032. Significant expansion in the automotive industry, extensive research and development (R&D) activities, and the widespread adoption of products in high-speed machine components are the main factors driving the market.

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