- The key vendors in the ceramic matrix composites market in the US 2015-2019 are 3M Co., Ceradyne Inc., COI Ceramics Inc., General Electric International Inc.(GE) and Ube Industries Ltd.
London, 16 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the ceramic matrix composites market in the US 2015-2019. With the development of the liquid silicon infiltration process, there has been an increase in the usage of ceramic matrix composites in the production of high levels of friction-facing automotive parts in commercial vehicles. The ceramic matrix composites market in the US is expected to grow at a rapid rate during the forecast period 2014-2019 with a CAGR of 11.45% in terms of revenue.
The market is expected to grow at a rapid pace because of increased demand from the aviation industry. Their superior material properties are being investigated to be used in various commercial and industrial applications. Ceramic matrix composites, owing to their high temperature-resistance and light weight, are increasingly being preferred over their metal- and alloy-based counterparts in the manufacture of high pressure turbines. This helps reduce fuel burn and emissions along with increasing the overall energy efficiency of the engine.
“Ceramic matrix composites are being extensively used for manufacturing engine turbines of NASA’s space shuttles due to their superior properties that can reduce fuel burn and noise from engines,” says Faisal Ghaus, Vice President of Technavio Research.
“These composites, owing to their high heat-resistance, are replacing metals and alloys in the manufacture of parts and panels of space shuttles. Also, these composites are being used for reducing NOx emissions from the turbine engines of spacecraft because of their low energy consumption.”
To define the market conditions 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%…
