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Ceramic Matrix Composites Market Worth $2.40 Billion by 2019


News provided by

MarketsandMarkets

Dec 02, 2014, 10:00 ET

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DALLAS, December 2, 2014 /PRNewswire/ --

The research report about "Ceramic Matrix Composites Market by Type (Oxide/Oxide, Silicon Carbide/Silicon Carbide, Carbon/Carbon and Others), by Application (Aerospace, Defense, Energy & Power, Electrical & Electronics and Others) and by Region - Trends & Forecasts to 2019", published by MarketsandMarkets, 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.

Browse 111 Market Data Tables and 68 Figures spread through 210 Pages and in-depth TOC on "Ceramic Matrix Composites Market by Type, by Application and by Region - Trends & Forecasts to 2019".

http://www.marketsandmarkets.com/Market-Reports/ceramic-matrix-composites-market-60146548.html

Early buyers will receive 10% customization on reports. 

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:

  • Rapid growth in key end-use industries, such as aerospace, energy & power, and automotive
  • Comparatively high production of raw materials (ceramic fibers)
  • High economic growth rates of key countries

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.

For Further Inquiries:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=60146548

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.

Browse Related Reports 

Automotive Composite Market by Type (Polymer Matrix Composite, Metal Matrix Composite, and Ceramic Matrix Composite) and by Application (Interior Components, Exterior Components, Chassis & Powertrain Components and Others) - Global Trends & Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/automotive-composite-market-10869121.html

Ceramic Fiber Market by Type (Refractory, Low Bio-persistence, Polycrystalline), End-product (Blanket, Module, Bulk, Board, Paper), and Application (Petrochemical, Iron & Steel, Aluminum, Ceramics, Power Generation) - Global Trends & Forecasts to 2019

http://www.marketsandmarkets.com/Market-Reports/ceramic-fibers-384.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical

SOURCE MarketsandMarkets

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