Wednesday 14 January 2015, AmsterdamThe report now available on ASDReports, defines and segments the global ceramic matrix composites market with analysis and forecast of the market size, by value and volume. It also identifies driving and restraining factors for the global ceramic matrix composites market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.
The market is segmented and values are projected on the basis of key regions, such as North America, Europe, Asia-Pacific, and RoW (Rest of the World). The leading countries are covered and projected for each region. Further, the market is segmented and values are estimated on the basis of different types and applications.
North America: Largest Market of Ceramic Matrix Composites
North America is currently the largest market for ceramic matrix composites. The U.S. is the largest consumer of ceramic matrix composites in this region. This market in North America is projected to reach $1.12 billion by 2019.
The favorable market forces driving the ceramic matrix composites market in North America are:
Oxide/Oxide Composites: Fastest-Growing Segment of Ceramic Matrix Composites Market
Oxide/oxide composite is currently the fastest-growing segment of ceramic matrix composites. These composites are low-cost alternative for silicon carbide/silicon carbide composites. The oxide/oxide composites allow OEMs (Original Equipment Manufacturers) to customize light-weight and high-temperature resisting composites for their applications. The consumption of these composites is projected to reach $0.78 billion by 2019. North America is currently the largest consumer for oxide/oxide composites. The market size, in terms of value, of these composites in North America is estimated to grow at a CAGR of 13.50% between 2014 and 2019. India is the fastest-growing market for oxide/oxide composites, registering a CAGR of 18.33% between 2014 and 2019.
Aerospace: Largest Application Segment of Ceramic Matrix Composites Market
Aerospace is currently the largest application of ceramic matrix composites. The market for aerospace segment is projected to grow at a CAGR of 14.06% between 2014 and 2019. Ceramic matrix composites are used in the aerospace industry due to their properties, such as damage tolerance, fracture toughness, and high temperature, wear & corrosion resistance. The light-weight and high temperature resisting properties of CMCs help the manufacturers in maximizing efficiency.
3M Co. (U.S.), General Electric Co. (U.S.), CeramTec GmbH (Germany), Kyocera Corp. (Japan), SGL Carbon SE (Germany), Vesuvius PLC (U.K.), UBE Industries Ltd. (Japan), COI Ceramics Inc. (U.S.), Lancer Systems LP (U.S.), Ultramet Inc. (U.S.), Starfire Systems Inc. (U.S.), Applied Thin Films Inc. (U.S.), CoorsTek Inc. (U.S.), MT Aerospace AG (Germany) are some of the leading global manufacturers of ceramic matrix composites.