Ceramic Matrix Composites and Carbon Matrix Composites: Technologies and Global Markets
The global market for ceramic and carbon matrix composites will grow from $3.9 billion in 2016 to nearly $6.2 billion by 2021 with a compound annual growth rate (CAGR) of 9.4% for the period of 2016-2021.
- An overview of the global markets for ceramic matrix composites and carbon matrix composites, focusing on materials and fabrication technologies.
- Analyses of global market trends, with data for 2014, 2015, 2016 and projections of compound annual growth rates (CAGRs) through 2021.
- Highlights of key technological advances made during recent years.
- A look at existing fields of application for new and emerging applications.
- Breakdowns of the markets by matrix type, application, and region.
- Important technology and market trends within each market segment.
- An overview of global R&D activities related to ceramic matrix composites, both within public and private organizations.
- Profiles of major players in the industry.
This report provides an updated review of CMC and CAMC technology, including materials and production processes, and identifies current and emerging applications for this technology.
BCC Research delineates the current market status for CMC and CAMC based products, defines trends, and presents growth forecasts for the next five years. The CMC and CAMC market is analyzed based on the following segments: matrix material, application, and region. In addition, technological issues, including key events and the latest process developments, are discussed.
More specifically, the market analysis conducted by BCC Research for this report is divided into five sections.
In the first section, an introduction to the topic and a historical review of CMC and CAMC technology are provided, including an outline of recent events. In this section, current and emerging applications for ceramic and carbon matrix composites are also identified and grouped in segments (aerospace and defense, electronics, energy and environmental, mechanical/chemical, medical and dental, sensors and instrumentation, transportation, and others).
The second section provides a technological review of ceramic and carbon matrix composites. This section offers a revised and detailed description of various types of ceramic composites; new and emerging materials for CMC and CAMC primary and secondary phases; and typical fabrication methods and innovative processes for ceramic and carbon matrix composites. This section concludes with an analysis of the most important technological developments since 2013, including examples of significant patents recently issued or applied for, as well as highlighting the most active research organizations operating in this field.
The third section entails a global market analysis of CMC and CAMC products. Global revenues (sales data in millions of dollars) are presented for each segment (matrix type, application, and region), with actual data referring to the years 2014 and 2015, and estimates for 2016.
The analysis of current CMC and CAMC revenues is followed by a detailed presentation of market growth trends, based on industry growth, technological trends, and regional trends. The third section concludes by providing projected revenues for ceramic and carbon matrix composites within each segment, together with forecast compound annual growth rates (CAGRs) for the period 2016 through 2021.
In the fourth section of the study, which covers global industry structure, the report offers a list of the leading suppliers of ceramic and carbon matrix composites, together with a description of their products. The analysis includes a description of the geographical distribution of these firms and an evaluation of other key industry players. Detailed company profiles of the top players are also provided.
The fifth and final section includes an analysis of recently issued U.S. patents, with a summary of patents related to CMC and CAMC materials, fabrication methods, and applications. Patent analysis is performed by region, country, assignee, patent category, application, and matrix type.
Margareth Gagliardi, Chief Research Analyst in Advanced Materials for BCC Research, has more than 30 years of experience in the field of advanced materials, specializing in ceramic formulations, materials processing, and new product development. After receiving her degrees in Chemical and Ceramic Engineering, she worked in both manufacturing and R&D holding senior management positions within U.S. and European firms producing electronic, mechanical, chemical, and structural components.
She is currently focusing on market intelligence and advanced technologies analysis for organizations and research institutions that operate within a range of high-tech industries.
- 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%.
The U.S. market for ceramic matrix composites in 1999 was worth $115.6 million. This amount includes prototype and production quantities, as well as research funding. Currently, the markets are still dominated by wear parts, cutting tools, and radiant burner tubes. The U.S. market is expected to reach ~$178 million by the year 2004 with an annual average growth rate of 9.1% per year from 1999 to 2004.
The global market for ceramic matrix composites in 1999 was ~$217 million. This is forecasted to increase to $318 million by the year 2004 with an annual average growth rate of 8% per year from 1999 to 2004.