Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market is valued approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market refers to the market for advanced materials made from ceramic or carbon fibers that are embedded in a ceramic or carbon matrix. These materials are known for their high strength, stiffness, and thermal resistance, and are used in various applications, including aerospace, defense, energy, automotive, and industrial. The major driving factors for the market growth are increasing demand from aerospace and defense and growing demand for energy efficiency. Moreover, rising investment in research and development and advancement in manufacturing technologies is creating lucrative growth opportunity for the market over the forecast period 2023-2030.
In 2021, the European Space Agency (ESA) announced plans to develop a new rocket engine that would use CMCs in its combustion chamber. The engine is expected to be more efficient and cost-effective than existing rocket engines, and it could be used in future space missions. In 2019, the US Department of Energy announced USD 59 million in funding for advanced manufacturing research, including projects focused on developing new manufacturing methods for CMCs and CAMCs. In 2020, the European Commission launched a new research and innovation program called Horizon Europe, which includes funding for projects focused on advanced materials, including CMCs and CAMCs. However, the high cost of Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is a significant market for CMCs and CAMCs, with the US being the largest contributor to the market in the region. The region's market growth is driven by the increasing demand for lightweight and high-performance materials in the aerospace, defense, and automotive industries. The presence of major players such as GE Aviation and United Technologies Corporation in the region also boosts the market growth. Asia-Pacific region is expected to witness fastest growth in the CMCs and CAMCs market during the forecast period. The market growth is driven by the increasing demand for lightweight and high-performance materials in the aerospace and defense industries in countries such as China, Japan, and India. The region is also witnessing significant investment in the development of new manufacturing technologies and research and development activities.
Major market players included in this report are:
- 3M, Inc.
- Astro Met
- Biocomposites
- Coorstek Inc.
- Dot GmbH
- Ge Ceramic Composite Products
- Hitachi Chemical
- Kennametal Inc.
- Kyocera Group
- Morgan Advanced Materials plc
Recent Developments in the Market:
- In 2020, GE Aviation announced a USD 200 million investment in a new CMC manufacturing facility in Huntsville, Alabama. The facility will produce CMC components for aircraft engines, such as turbine shrouds and nozzles, and will create over 300 new jobs.
- In 2022, Hexcel Corporation announced the acquisition of Oxford Performance Materials (OPM), a US-based manufacturer of CAMCs and other advanced materials. The acquisition will strengthen Hexcel's position in the CAMC market and allow the company to expand its product portfolio.
Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Report Scope:
- Historical Data: - 2020 - 2021
- Base Year for Estimation: - 2022
- Forecast period: - 2023-2030
- Report Coverage: - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: - Product, Application, Region
- Regional Scope: - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
- Carbon Matrix Composites (CAMC)
- Ceramic Matrix Composites (CMC)
- Hybrid Matrix Composites
By Application:
- Aerospace & Defense
- Automotive
- Energy & Power
- Industrial
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Dynamics
- 3.1. Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand from aerospace and defense
- 3.1.1.2. Growing demand for energy efficiency
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC)
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising investments in research and development
- 3.1.3.2. Advancements in manufacturing technologies
Chapter 4. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market, by Product
- 5.1. Market Snapshot
- 5.2. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market by Product, Performance - Potential Analysis
- 5.3. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 5.4. Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market, Sub Segment Analysis
- 5.4.1. Carbon Matrix Composites (CAMC)
- 5.4.2. Ceramic Matrix Composites (CMC)
- 5.4.3. Hybrid Matrix Composites
Chapter 6. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market by Application, Performance - Potential Analysis
- 6.3. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market, Sub Segment Analysis
- 6.4.1. Aerospace & Defense
- 6.4.2. Automotive
- 6.4.3. Energy & Power
- 6.4.4. Industrial
- 6.4.5. Others
Chapter 7. Global Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market, Regional Market Snapshot
- 7.4. North America Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.4.1. U.S. Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.5. Europe Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Snapshot
- 7.5.1. U.K. Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.5.2. Germany Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.5.3. France Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.5.4. Spain Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.5.5. Italy Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.5.6. Rest of Europe Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.6. Asia-Pacific Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Snapshot
- 7.6.1. China Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.6.2. India Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.6.3. Japan Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.6.4. Australia Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.6.5. South Korea Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.6.6. Rest of Asia Pacific Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.7. Latin America Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market Snapshot
- 7.7.1. Brazil Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.7.2. Mexico Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.8. Middle East & Africa Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.8.1. Saudi Arabia Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.8.2. South Africa Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
- 7.8.3. Rest of Middle East & Africa Ceramic Matrix Composites (CMC) and Carbon Matrix Composites (CAMC) Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. 3M
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Astro Met
- 8.3.3. Biocomposites
- 8.3.4. Coorstek Inc.
- 8.3.5. Dot GmbH
- 8.3.6. Ge Ceramic Composite Products
- 8.3.7. Hitachi Chemical
- 8.3.8. Kennametal Inc.
- 8.3.9. Kyocera Group
- 8.3.10. Morgan Advanced Materials plc
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption