Ceramic Matrix Composites Market Globally Grow at a CAGR of 9.95% by Revenue During the Forecast Period 2017-2021
Ceramic matrix composites (CMCs) are produced by embedding ceramic matrices with refractory fibers. These reinforcements can be made in different forms, including continuous or short fibers and particles.
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CMCs possess features of both ceramic and composite materials. CMCs can withstand extreme temperatures. Furthermore, they are more durable owing to the high strength and superior wear-resistance when compared with alternative materials. These materials play a crucial role in many advanced applications. CMCs are used in various end-user industries, such as aerospace and defense, automotive, and energy and power.
Technavios analysts forecast the global ceramic matrix composites market to grow at a CAGR of 9.95% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ceramic matrix composites market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
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Technavio's report, Global Ceramic Matrix Composites Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
COI Ceramics
General Electric
Lancer Systems
Rolls-Royce
SGL Group
Ultramet
Other prominent vendors
3M
Albany International
Applied Thin Films
Automated Dynamics
CeramTec
CoorsTek
Composites Horizons
Fiber Materials
Hexcel
Matrix Composites
PYROMERAL SYSTEMS
Starfire Systems
UBE INDUSTRIES
Market driver
Growing demand for lightweight and high-performance materials
For a full, detailed list, view our report
Market challenge
High production cost
For a full, detailed list, view our report
Market trend
Increasing demand for LEAP engine in the aerospace industry
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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