According to a market research report titled ‘Ceramic Matrix Composites: Technologies and Global Markets’ published by BCC Research, the ceramic matrix composites’ market value reached $870 million in 2010.
In 2015, the market value of the ceramic matrix composites would reach $1.3 billion at a five-year CAGR of 8.3%. As per the report, the ceramic matrix composites market can be divided into four sectors such as aerospace and defense, energy and environmental, mechanical/chemical and others.
Global Market For Ceramic Matrix Composites, 2008-2015
The aerospace and defense segment is projected to reach $213 million in 2015 from $158 million in 2010 at a CAGR of 6.1%, while the energy and environmental segment is expected to achieve $394 million in 2015 from $277 million in 2010, with a CAGR of 7.3%.
The mechanical/chemical segment reached a value of roughly $315 million in 2010 and is expected to achieve $466 million in 2015 at a CAGR of 8.2%. The other segment, valued at $120 million in 2010, could reach $222 million in 2015 at a CAGR of 13.1%. The report predicts that due to economic downturn, the ceramic composites market would grow at a moderate rate in the coming five years.
Ceramic materials are composed of composites and monolithic composites. Composites are produced with a reinforcing phase, which enhances the mechanical properties of the material, including toughness and thermal shock resistance, while monolithic composites are fragile.
The report covers all companies related to the ceramic matrix composites, especially producers and distributors of ceramic matrix composite products. It also discusses process equipment producers, raw ceramic material suppliers and companies fabricating biocompatible materials, low-friction products, aircraft components, ballistic armor, turbines, high-temperature components, hardened tools and wear-resistant components.