Ceramic Industry News / Advanced Ceramics

Market for Ceramic Matrix Composites on the Rise

August 17, 2011
/ Print / Reprints /
/ Text Size+

The global market value of ceramic matrix composites was $870 million in 2010, according to “Ceramic Matrix Composites: Technologies and Global Markets,” a new study from BCC Research. That value is projected to reach nearly $1.3 billion in 2015 as it increases at a five-year compound annual growth rate (CAGR) of 8.3%.

The ceramic matrix composites market can be broken down into four segments: mechanical/chemical, energy and environmental, aerospace and defense, and others. The mechanical/chemical segment was valued at nearly $315 million in 2010, and in 2015 should be worth $466 million, yielding a CAGR of 8.2%. The energy and environmental segment, worth $277 million in 2010, should rise in 2015 to $394 million at a CAGR of 7.3%. The segment made up of aerospace and defense was worth $158 million in 2010, and in 2015 is expected to be worth $213 million, a CAGR of 6.1%. The others segment was worth $120 million in 2010, and in 2015 should be worth $222 million, a CAGR of 13.1%

Ceramic materials are made up of two major types, monolithic and composite. Monolithics are brittle, while composites are made with a reinforcing phase that improves the material’s mechanical properties such as thermal shock resistance and toughness.

The ceramic matrix composite global market declined from 2008 to 2009, but rose again in 2010. Having previously experienced healthy growth, the market is expected to experience more moderate growth over the next five years as a result of the recent global economic downturn.

For more information, visit www.bccresearch.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.


Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts


Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40