Ceramic matrix composites (CMCs) are manufactured by strengthening a ceramic matrix with a refractory fiber. The ceramic matrix can be of various types including silicon carbide and alumina matrices, among others. The reinforcements can also be made in different forms, including continuous or short fibers and particles. Because of their superior material properties such as heat and wear resistance and high strength, CMCs serves several industries, including Mechanical and Chemical, Aerospace and Defense, and Energy and Environmental. They are being extensively researched for their applications in “hot-zone” structures, as a replacement for metal alloys.
Analysts forecast the Global Ceramic Matrix Composites market to grow at a CAGR of 9.89 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in the Global Ceramic Matrix Composites Market: The 3M Co., Ceradyne Inc., COI Ceramics Inc., GE and Ube Industries Ltd.
Other Prominent Vendors in the market are: Albany International Techniweave, CeramTec International, Composite Factory Inc., CoorsTek, Hexcel, Hitco, Honeywell Advanced Fibers and Composites, Hyper-Therm, International Ceramic Engineering, Kyocera Corp., Materion Corp., Momentive , Murata Manufacturing, Northrop Grumman, Rauschert Kloster Veilsdorf, Samsung Electro-Mechanics, Schunk Carbon Technology (Suzhou), Synterials, Taiyo Yuden Co., TDK Corp., Technology Assessment & Transfer, Textron, Ultramet, United Technologies Corp., Vesuvius, Vishay Intertechnology and ZIRCAR Refractory Composites.
The Leap program initiated by GE Aviation, a subsidiary of GE, is the major trend being witnessed by the Global CMC market. GE's program is aimed at manufacturing and supplying CMC turbine-based Leap engines to major players in the Aviation industry.
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Covered in this Report
The Global CMC market can be divided into the following segments based on application: Mechanical and Chemical, Energy and Environment, Aerospace and Defense, and Others.
Global CMC Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the US and the ROW; it also covers the Global CMC market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, increased demand from the aviation industry is one of the major drivers in the Global CMC market. CMCs are increasingly being used in the manufacturing of jet engines because of their high wear resistance and ability to work in high temperatures.
Further, the report states that the dearth of global demand is hindering market growth. As most of the demand is being generated from developed nations, especially the US, manufacturers are finding it difficult to expand geographically.
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