London, 04 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Ceramic Matrix Composites Market 2014-2018, which is expected to grow at a CAGR of 9.89 percent during the forecast period of 2013-2018.
CMCs are manufactured by embedding ceramic matrices with refractory fibers. Ceramic matrices can be of various types including silicon carbide and alumina matrices. CMCs are used in a variety of industrial sectors including Mechanical and Chemical, Aerospace and Defense, and Energy and Environmental because of their superior material properties such as heat and wear resistance and high strength.
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.
“CMCs are preferred over metals and alloys for manufacturing high pressure turbines as CMCs can withstand higher temperatures and are also lighter in weight compared to metals and alloys,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increased Demand from Aviation Industry
- Technological Innovations
- Increased Usage in Aerospace and Defense Sector
- Applications in Automotive Sector
Key Market Trends
- Leap Program
- Commercial Usage in Dental Sector
- Increased Demand from China
- Elevated R&D Spending
Key Market Vendors
- The 3M Co.
- Ceradyne Inc.
- COI Ceramics Inc.
- GE
- Ube Industries Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
