Further key findings from the report suggest:
Silicon carbide composites emerged as the major product segment and held 35.3% in of total
demand in 2015. Earlier development and commercialization along with better oxidation
resistance properties have helped the product penetration.
Ceramic matrix composites demand from the aerospace application is expected to exceed 3.0
million tons by 2024. CMCs have been used for making airplane nose, fins, engine
components, body panels, etc. on account of their high thermal resistance and lower weight
than traditional alloys.
North America emerged as the dominant regional market with demand share estimated at
44.6% in 2015. High penetration in the region attributed to the significant growth of
aerospace and defense industries with initial technological developments.
Asia Pacific ceramic matrix composites market is expected to witness an estimated growth of
14.3% from 2016 to 2024 in terms of value and is projected to be the fastest growing region
over the forecast period. Increasing focus on the development of self-sustained defense and
aerospace industries from China and India along with rising numbers of new power plants in
the region is expected to trigger the regional market growth.
Leading companies operating in the global market include General Electric Company, 3M
Company, CoorsTek, Inc., Applied Thin Films, Inc., CeramTec International, COI Ceramics,
Inc., Ube Industries, Ltd. and SGL Carbon Company
Browse Full Research Report at: https://www.radiantinsights.com/research/ceramic-
matrix-composites-cmc-market
Table of Contents:
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Global Ceramic Matrix Composites - Industry Summary &Key Buying Criteria
Chapter 3 Ceramic Matrix Composite Industry Outlook
3.1 Market segmentation
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