Ceramic Matrix Composites Market Worth USD 2,40 Billion by 2019
The report includes four different types of ceramic matrix composites, namely, oxide/oxide, silicon carbide/silicon carbide, carbon/carbon, and others (carbon/silicon carbide and ceramic metal matrix composites among others). This research report categorizes the global market for ceramic matrix composites on the basis of types, applications, and regions, forecasting market size in terms of volume and value, and analyzing trends in each of the submarkets. The market is segmented on the basis of various applications, such as aerospace, defense, energy and power, electrical and electronics, and others (automotive, marine, and biomedical). Each application segment is further described in detail in the report with volumes and values forecast for each application. The global ceramic matrix composites market is segmented into four regions, North America, Europe, Asia-Pacific, and RoW. Key countries include USA, Mexico, Canada, Germany, Great Britain, France, Russia, China, India, Japan, South Korea, and Brazil. Ceramic matrix composites are used for manufacturing aircraft engine components, brake discs, fuel cells, vehicle and body armours, heat shields, and so on. The global market for ceramic matrix composites is increasing due to the following factors: Growing demand for ceramic matrix composites in energy and power industry; Better environmental resistance; OEM’s focus on reducing aircraft weight to optimize fuel efficiency. The global ceramic matrix composites market has grown significantly during the last few years. It is expected to grow rapidly in the next five years, mainly driven by the growing consumption in Asia-Pacific and North America. North America is the largest consumer of ceramic matrix composites globally. The ceramic matrix composites market in North America is projected to grow with a CAGR of 14,15 % between 2014 and 2019. USA, Mexico, and Canada are the leading markets for ceramic matrix composites in North America. The demand for ceramic matrix composites in these markets is fueled by growth in industries, such as automotive, aerospace, energy and power, and defense. This study estimates the global ceramic matrix composites market for 2013 and projects the expected demand of the same by 2019. This market research study provides a detailed qualitative and quantitative analysis of the global market. It also includes a comprehensive review of key market drivers, restraints, opportunities, winning imperatives, challenges, and key issues. The market is further segmented and projected based on important regions North America, Europe, Asia-Pacific, and RoW (Rest of the World). The market size for leading countries of each region, in terms of volume and value, is estimated. Various secondary sources, such as encyclopedia, directories, and databases have been used to identify and collect information for this extensive commercial study of the ceramic matrix composites market. The primary sources, experts from related industries and suppliers, have been interviewed to obtain and verify crucial information as well as to understand the future prospects of ceramic matrix composites. Competitive scenario and market share of the leading players in the ceramic matrix composites market have been discussed in detail. The top players of the industry are profiled in detail with their recent developments and other strategic industry activities. These include 3M Co./US, General Electric Co./US, CeramTec GmbH/DE, Kyocera Corp./JP, SGL Carbon SE/DE, UBE Industries Ltd./JP, COI Ceramics Inc./US, Lancer Systems LP/US, Ultramet Inc/US, Starfire Systems Inc./US, Applied Thin Films Inc./US, and CoorsTek Inc./US.