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Advanced Materials

Ceramic Matrix Composites: Technologies and Global Markets

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REPORT HIGHLIGHTS

  • 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%.

SUMMARY FIGURE
GLOBAL MARKET FOR CERAMIC MATRIX COMPOSITES, 2008-2015
$ MILLIONS
Source: BCC Research