Reportlinker.com announces that a new market research report is available in its catalogue: Ceramic Matrix Composites: Technologies and Global Markets.
The global ceramic matrix composites (CMC) market is projected to reach $870 million in revenue by the end of 2010. The total market for ceramic matrix composites is forecast to grow at a compound annual growth rate (CAGR) of 8.3% through 2015, reaching nearly $1.3 billion in total revenues.
Revenue growth for CMCs is being driven primarily by the mechanical/chemical sector for manufacturing wear-resistant parts and cutting tools. The mechanical/chemical sector is estimated to account for 36.1% of all revenues in 2010, a value of nearly $315 million, and is expected to experience an 8.2% compound annual growth rate (CAGR) through 2015 to reach $466 million.
Additional key sectors are energy and environmental, and aerospace and defense, which combined account for 50.1% of the total market. The energy and environmental sector is valued at $277 million in 2010 and is expected to reach $394 million in 2015, a compound annual growth rate (CAGR) of 7.3%.
INTRODUCTION
STUDY GOALS AND OBJECTIVES
BCC published its first report on ceramic matrix composites (CMCs) in February 2000. During the last 10 years, the market for these materials has been rapidly expanding, new technological developments have occurred in the field, and industry changes have taken place.
The main goal of this report is to provide new insights into current CMC technology, outlining technological trends, and supplying an updated market analysis for these materials.
Specifically, the major objectives of this study are:
Provide an updated review of ceramic matrix composites, focusing on materials and fabrication technologies.
Highlight key technological advances made during the past 3 years.
Review existing fields of application for CMCs and investigate emerging applications.
Estimate current global markets for CMCs by matrix type, application, and region, with growth forecasts through 2015 for each market segment.
Identify important technology and market trends within each market segment.
Supply an updated review of current players in CMC technology.
Provide a description of current worldwide research activities and evaluate their impact on industry growth.
Determine trends in U.S. patents issued during the past 3 years.
REASONS FOR DOING THIS STUDY
Ceramic matrix composites are materials containing a secondary phase (organic or inorganic) dispersed within a ceramic matrix or primary phase. In most formulations, the function of the secondary phase is to confer increased strength to the matrix; hence, its alternative name, the reinforcing phase. In addition to mechanical functions, the secondary phase can be added to improve bioactivity in biocompatible materials or to confer electrical conductivity to an insulating matrix.
In 1999, the year prior to BCC's first published report on CMCs, the market for CMCs was valued at only $212.6 million worldwide; however, the market has grown steadily since then.
CMC fabrication technologies have also continued to evolve. In addition, several new applications have exited the development stage and entered commercialization, while others are being developed.
The principal reason for doing this study is to present a current assessment of the CMC industry from both a technological and market point of view and to outline future trends and key developments.
There is also a need to evaluate the current status and future trends of the CMC industry from a global standpoint. In recent years, several producers have changed identity and others have abandoned the market. New companies have started manufacturing in developing countries. Therefore, it is also necessary to provide an updated geographical mapping of points of production of ceramic matrix composites, relative to global sales and distribution. Such an evaluation will contribute to a broader understanding of growth opportunities for CMCs and their applications within the U.S. and abroad.
An equally important reason for undertaking this study is to provide technical insights into CMC manufacturing by:
Supplying a review of materials, their specific applications, and production methods.
Identifying current technical issues.
Providing an overview of global R&D activities related to ceramic matrix composites, both within public and private organizations.
Illustrating the latest technological developments.
This information can assist companies in finding opportunities for process and productivity improvements, resulting in a positive impact on future market growth.
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