Market For CMCs To Grow Rapidly To 2019

Demand for lightweight, heat resistant engine components in the aviation industry is driving “rapid” growth in the global market for ceramic matrix composites (CMCs), according to a new report.

Demand for lightweight, heat resistant engine components in the aviation industry is driving “rapid” growth in the global market for ceramic matrix composites (CMCs), according to a new report.

The study, carried out by market research website ReportsnReports.com, examines expected demand for CMCs up to 2019 and confirms that while North America is currently the largest market for CMCs, followed by Europe, Asia-Pacific is the fastest-growing market.

The market for CMCs in Asia Pacific is predicted to witness CAGR of more than 15 per cent, in terms of value, in the next five years.

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