DUBLIN, Jan. 22, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/92sxk5/ceramic_matrix) has announced the addition of the "Ceramic Matrix Composites Market by Type, by Application and by Region - Trends & Forecasts to 2019" report to their offering.
The ceramic matrix composites market is projected to grow at a CAGR of 13.81% between 2014 and 2019 and is estimated to generate the global market size of $2.40 billion by 2019. The aerospace is the largest application segment of the ceramic matrix composites market across the world. The market for the same is projected to be worth $1.01 billion by 2019.
The report on ceramic matrix composites includes four different types of composites. These are oxide/oxide, silicon carbide/silicon carbide, carbon/carbon, and others (carbon/silicon carbide and ceramic metal matrix composites). The global ceramic matrix composites market is witnessing high growth because of increasing demand for aircrafts, automobiles, light-weight armors, technological advancements, and growing demand in North America and Asia-Pacific.
Ceramic matrix composites are largely used for manufacturing engine components & structures for aircrafts & ships, vehicle armors, body armors, aircraft armors, heat-shields, and biodegradable splints among others. The growth for the ceramic matrix composites market is driven by the speedy development in aerospace, defense, energy & power, marine, and automotive industries across the world. The oxide/oxide and carbon/carbon composites growth are the important market drivers for ceramic matrix composites.
Increasing R&D activities and mass production of ceramic fibers are expected to be the key growth opportunities for ceramic matrix composites market players to increase their market shares and business revenue. The cost of ceramic matrix composites can be controlled by the cost of ceramic fibers. For instance, owing to the comparatively lower prices of carbon fibers, the overall cost of carbon/carbon ceramic matrix composites is the lowest.
The lower prices of carbon fibers are because of the mass production by many manufacturers during the last decade. On the other hand, the production volume of oxide and silicon carbide fibers is still low compared to carbon fibers. The world market for these fibers is dominated by few manufacturers, which has led to higher prices of these fibers. Mass production of ceramic matrix composites will lower its prices, leading to an increase in market penetration and profitability.
The key participants in the global ceramic matrix composites market include 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.), ATFI (U.S.), CoorsTek Inc. (U.S.), and MT Aerospace AG (Germany) among others. This report follows both top-down and bottom-up approaches to estimate and forecast the global ceramic matrix composites market size, by volume and value.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Ceramic Matrix Composites Market, By Types
8 Ceramic Matrix Composites Market, By Application
9 Ceramic Matrix Composites Market, By Region
10 Competitive Landscape
11 Company Profiles
- 3M Company
- Applied Thin Films Inc.
- COI Ceramics Inc.
- Ceramtec International
- Coorstek Inc.
- General Electric Co.
- Kyocera Corporation
- Lancer Systems LP
- SGL Carbon SE
- Starfire Systems Inc.
- UBE Industries Ltd.
- Ultramet Inc.
For more information visit http://www.researchandmarkets.com/research/92sxk5/ceramic_matrix
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SOURCE Research and Markets