The total technical and advanced structural ceramics market in North
America was worth $3.2 billion in 2010 and $3.4 billion in 2011. This figure
is projected to reach $4.4 billion in 2016 yielding a compound annual growth
rate (CAGR) of 5.1% between 2011 and 2016.
Bioceramics is the largest sector, with about 63% of the total monetary
value. This sector was worth $2.2 billion in 2011 and is projected to retain
its lead with a market value of $2.8 billion in 2016, a CAGR of 5.2%.
The advanced armor and military market segment was $572 million in 2011.
This should increase at a CAGR of 4% to reach $696 million in 2016.
SUMMARY FIGURE
PROJECTED NORTH AMERICAN TECHNICAL AND ADVANCED STRUCTURAL CERAMICS
MARKET BY APPLICATION, 2010-2016
($ MILLIONS)
Source: BCC Research
INTRODUCTION
This market research report analyzes the market, materials, and recent
developments in advanced structural ceramics. The report includes an overview
of advanced ceramic materials and discusses production technologies, new
applications, and competitive issues. The various businesses entering the
field of advanced structural ceramics are presented, and the barriers to entry
are discussed. Market projections are given for the next 5 years.
Advanced structural ceramics have the potential to resolve many material-based
challenges in process industry, power generation, aerospace, transportation,
and military applications. Their wear resistance, corrosion resistance, high
temperature resistance, and light weight represent a superior combination of
qualities. These materials may help to decrease energy consumption and
minimize pollution. Breakthroughs in advanced ceramics technology are having
far-reaching impact on global business and society.
Companies that may be interested in this report include:
Developers, manufacturers, and suppliers of advanced ceramic materials.
Manufacturers, suppliers, and users of advanced ceramic raw materials.
Manufacturers, suppliers, and users of advanced ceramic powders.
Developers and manufacturers of advanced ceramic components.
Engine component manufacturers.
Cutting tool insert manufacturers.
Manufacturers of wear parts and original equipment manufacturer (OEM)
suppliers.
Manufacturers and suppliers of dental crowns, ceramic posterior materials,
and ceramic hip implants.
Manufacturers and suppliers of armor.
Manufacturers and suppliers of ceramic kiln furniture, recuperators, and
heat exchangers.
Chemical firms interested in diversification or acquisitions.
Venture capitalists, angel investors, and financial institutions
interested in attractive new investments and acquisitions.
SCOPE OF REPORT
The report analyzes materials used in each structural ceramic application
category and their respective properties, processing technologies, properties,
prices, and North American markets. The qualitative and quantitative
judgments in this report represent a valuable contribution to the knowledge of
advanced structural ceramic materials, components, processing techniques,
applications, and markets.
INFORMATION SOURCES AND METHODOLOGY
Both primary and secondary research methodologies were used in preparing this
study. Findings are based on information derived from interviews with
developers, producers, and potential producers of advanced structural ceramic
materials, components, and powders; industry experts; and people who perform
research and development (R&D) on monolithic ceramic and ceramic matrix
composites. End users were contacted to evaluate the projected demand for
technical and advanced structural ceramics.
Secondary data were obtained from trade publications, technical journals,
government statistics, and BCC databases. Financial values are presented in
constant dollars. Historical financial values are for the year given.
ANALYST CREDENTIALS
Richard Hilton has a broad business background, which includes many
years as an analyst, project manager, product manager, and director of
marketing for a major industrial firm. He has managed business planning,
marketing research and communications, and product development.
He has experience as an editor of newsletters exploring emerging technologies
and also has taught mathematics. Mr. Hilton has a Bachelor of Science in
Business Logistics from Pennsylvania State University and a Master of Business
Administration from Southern Illinois University. Of special interest to this
study is his work on rare earths, catalysts, and ultrapure materials.
Table of Contents
Table of Contents
Technical and Advanced Structural Ceramics
Chapter - 1: INTRODUCTION - Complimentary
SCOPE OF REPORT
INFORMATION SOURCES AND METHODOLOGY
ANALYST CREDENTIALS
RELATED BCC RESEARCH PUBLICATIONS
BCC ON-LINE SERVICES
CUSTOM ANALYSES
DISCLAIMER
Chapter - 2: SUMMARY
SUMMARY
Summary Table: PROJECTED NORTH AMERICAN TECHNICAL AND ADVANCED
STRUCTURAL CERAMICS MARKET BY APPLICATION, THROUGH 2016
Summary Figure: PROJECTED NORTH AMERICAN TECHNICAL AND ADVANCED
STRUCTURAL CERAMICS MARKET BY APPLICATION, 2010-2016
Chapter - 3: OVERVIEW
OVERVIEW
MAJOR CERAMIC MATERIALS
ADDITIONAL STRUCTURAL CERAMIC INFORMATION SOURCES
SUMMARY OF 2011 ESTIMATES FOR STRUCTURAL CERAMIC MAJOR COMPOSITIONS
Table 11: NORTH AMERICAN MARKET FOR TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS BY MATERIAL, 2011
Chapter - 4: CERAMIC PROCESSING TECHNOLOGY
PROCESSING ADVANCED CERAMICS
ADVANCED STRUCTURAL CERAMICS
COMPARISON OF STRUCTURAL CERAMIC STRENGTHS
CERAMIC MATRIX COMPOSITES
POWER TECHNOLOGY
RHEOLOGY CONTROL
CONSOLIDATION AND FORMING
Table 29: TECHNIQUES FOR POWDER CONSOLIDATION AND SHAPE FORMING
Chapter - 5: RESEARCH AND DEVELOPMENT (R&D) OPPORTUNITIES
PARTICLE SIZE
ULTRA-FINE PARTICLES USING HIGH-PRESSURE MILL
NANOPARTICLES
SIALON(S)
CRACK HEALING
QUALITY CONTROL
RHEOLOGY CONTROL
FABRICATION PROCESS CONTROL
PROPERTY IMPROVEMENTS
COST REDUCTION
ADVANCING STRUCTURAL CERAMIC TECHNOLOGY
Chapter - 6: TOOL INSERTS AND CUTTING TOOLS
PROS AND CONS
CERAMIC MATERIALS FOR TOOL INSERTS
ALUMINA CERAMIC CUTTING TOOLS
ALUMINA WHITE CERAMIC AND ALUMINA BLACK CERAMIC
WHISKER REINFORCED ALUMINA-SILICON CARBIDE
NITRIDE-BASED CUTTING TOOLS
OTHER ADVANCED CERAMIC CUTTING TOOL MATERIALS
NORTH AMERICAN MANUFACTURERS AND SUPPLIERS OF CERAMIC CUTTING TOOL INSERTS
CERAMIC CUTTING TOOL PRICES
VALUE OF CERAMIC TOOL INSERTS AND INDUSTRY STRUCTURE
Table 35: MARKET SHARE OF CERAMIC TOOL INSERTS, 2011
Table 36: ESTIMATED MARKET SHARE OF LEADING COMPANIES IN CERAMIC CUTTING
TOOLS, 2011
Table 37: PROJECTED NORTH AMERICAN CERAMIC CUTTING TOOL AND TOOL INSERT
MARKET BY MATERIAL TYPE, THROUGH 2016
Chapter - 7: WEAR-, EROSION-, AND CORROSION-RESISTANT CERAMICS
MATERIALS AND PROPERTIES
APPLICATIONS
BEARINGS
GRINDING MEDIA
FOILS
NOZZLES
MECHANICAL SEALS AND VALVES
LINERS AND SCRAPERS
DIES: EXTRUSION FOR WIRE AND CABLE
MISCELLANEOUS APPLICATIONS
LEADING COMPANIES IN WEAR-, EROSION-, AND CORROSION-RESISTANT CERAMICS
VALUE OF WEAR-, EROSION-, AND CORROSION-RESISTANT CERAMICS
VALUE OF CERAMIC BEARINGS
VALUE OF GRINDING MEDIA
VALUE OF CERAMIC NOZZLES
VALUE OF CERAMIC MECHANICAL SEALS, VALVES, PLUNGERS, AND RELATED PRODUCTS
VALUE OF CERAMIC DIES, GUIDES, AND SCRAPERS
SUMMARY OF THE VALUE OF WEAR-RESISTANT AND RELATED STRUCTURAL CERAMICS
MARKET LEADER SHARES
Table 54: NORTH AMERICAN MARKET SHARES OF LEADING PRODUCERS/SUPPLIERS OF
CERAMIC COMPONENTS FOR WEAR-RESISTANT AND INDUSTRIAL-RELATED APPLICATIONS,
2011
Table 56: ESTIMATED NUMBER OF U.S. DENTISTS BY SPECIALTY, 2006 AND 2018
Table 57: PROJECTED NORTH AMERICAN BIOCERAMICS MARKET BY DENTAL TYPE,
THROUGH 2016
Table 58: PROJECTED NORTH AMERICAN BIOCERAMICS MARKET, THROUGH 2016
Table 59: NORTH AMERICAN BIOCERAMICS MATERIALS MARKET BY TYPE, 2011
Chapter - 9: ENERGY AND HIGH-TEMPERATURE-RESISTANT PARTS
APPLICATIONS
COMBUSTORS FOR GAS TURBINES
HIGH-TEMPERATURE BATTERIES
OTHER ENERGY-RELATED PRODUCTS
GASIFIER REACTION CHAMBERS
KILN FURNITURE
CERAMIC CRUCIBLES
HEAT EXCHANGERS
COGENERATION
FLUIDIZED BED COMBUSTION
SOLAR ENERGY RECEIVERS/CONVERTERS
INDUSTRY STRUCTURE AND MARKETS IN ENERGY AND HIGH-TEMPERATURE APPLICATIONS
VALUE OF STRUCTURAL CERAMICS FOR ENERGY AND HIGH-TEMPERATURE-RESISTANT
COMPONENTS
Table 62: PROJECTED NORTH AMERICAN MARKET FOR TECHNICAL AND ADVANCED
STRUCTURAL CERAMICS ENERGY AND HIGH-TEMPERATURE-RESISTANT COMPONENTS BY
APPLICATION, THROUGH 2016
Table 63: NOTH AMERICAN MARKET FOR TECHNICAL AND ADVANCED STRUCTURAL
CERAMIC MATERIALS FOR ENERGY AND HIGH-TEMPERATURE-RESISTANT COMPONENTS BY
MATERIAL, 2011
Chapter - 10: AIRCRAFT AND AEROSPACE CERAMICS
MATERIALS
SPACE SHUTTLE TILES
GLASS AND GLASS-CERAMICS
CERAMIC COMPOSITES
FIBER-REINFORCED GLASSES AND GLASS-CERAMICS
INDUSTRY STRUCTURE AND MARKETS FOR AIRCRAFT AND AEROSPACE CERAMICS
Table 66: PROJECTED NORTH AMERICAN GLASS-CERAMICS IN AIRCRAFT AND
AEROSPACE MARKET, THROUGH 2016
Chapter - 11: ADVANCED ARMOR AND MILITARY APPLICATIONS
APPLICATIONS FOR STRUCTURAL CERAMICS IN THE MILITARY
INDUSTRY STRUCTURE FOR CERAMIC ARMOR MILITARY APPLICATIONS
NORTH AMERICAN COMPANIES
VALUE OF PROTECTIVE BODY AND VEHICLE ARMOR MARKET
CERAMIC ARMOR MARKET
MISCELLANEOUS MILITARY AND RELATED COMPONENTS
Table 71: PROJECTED U.S. MARKET FOR TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS FOR ADVANCED ARMOR AND MILITARY APPLICATIONS, THROUGH 2016
Chapter - 12: PROFILES OF COMPANIES ACTIVE IN TECHNICAL AND ADVANCED STRUCTURAL CERAMICS
ABRESIST KALENBORN
ACERAM TECHNOLOGIES
ADVANCED COMPOSITE MATERIALS
ASAHI GLASS CO.
ASTRO MET
BAE SYSTEMS
BERKELEY ADVANCED BIOMATERIALS
BIOMET
BLACKHAWK
CERADYNE
CERAMTEC
CERCO
COORSTEK
CORBETT INDUSTRIES
CORNING
DENTSPLY INTERNATIONAL
DEPUY ORTHOPAEDICS
EAGLEPICHER TECHNOLOGIES
ECLIPSE
ENERGY RECOVERY
FERRO-CERAMIC GRINDING
FELDCO INTERNATIONAL
GE
GREENLEAF
HOOVER PRECISION PRODUCTS
HYDRO CARBIDE
INFRAMAT
INION OY
IONBOND
IVOCLAR VIVADENT
KENNAMETAL
KOYOCERA
M CUBED TECHNOLOGIES
MAGNECO/METREL
MORGAN TECHNICAL CERAMICS
NGK INSULATORS
NTK TECHNOLOGIES
NOBEL BIOCARE
NOVABONE
ORTHOVITA
PIONEER SURGICAL
SAINT-GOBAIN
SANDVIK
SKF
STRYKER
3M
TIMKEN
VR/WESSON
WRIGHT MEDICAL TECHNOLOGY
ZIRCOA
Chapter - 13: APPENDIX
COMPANIES AND INSTITUTIONS INVOLVED IN STRUCTURAL CERAMICS
List of Tables
Summary Table: PROJECTED NORTH AMERICAN TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS MARKET BY APPLICATION, THROUGH 2016
Table 1: OVERVIEW OF APPLICATIONS FOR ADVANCED AND STRUCTURAL CERAMICS
Table 2: NORTH AMERICAN ALUMINA-BASED TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS MARKET BY APPLICATION, 2011
Table 3: NORTH AMERICAN ZIRCONIA-BASED TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS MARKET BY APPLICATION, 2011
Table 4: NORTH AMERICAN SILICON CARBIDE TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS MARKET BY APPLICATION, 2011
Table 5: NORTH AMERICAN BORON CARBIDE TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS MARKET BY APPLICATION, 2011
Table 6: NORTH AMERICAN SILICON NITRIDE AND SIALONS TECHNICAL AND ADVANCED
STRUCTURAL CERAMICS MARKET BY APPLICATION, 2011
Table 7: NORTH AMERICAN SILICA-BASED TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS MARKET BY APPLICATION, 2011
Table 8: NORTH AMERICAN TITANIUM DIBORIDE TECHNICAL AND ADVANCED
STRUCTURAL CERAMICS MARKET BY APPLICATION, 2011
Table 9: NORTH AMERICAN GLASS-CERAMICS MARKET BY APPLICATION, 2011
Table 10: NORTH AMERICAN MIXED AND SPECIALTY TECHNICAL AND ADVANCED
STRUCTURAL CERAMICS MARKET BY APPLICATION, 2011
Table 11: NORTH AMERICAN MARKET FOR TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS BY MATERIAL, 2011
Table 12: COMMONLY USED ADVANCED CERAMIC MATERIALS
Table 13: COMPARISON OF BASIC PROPERTIES OF COMPOUNDS USED IN STRUCTURAL
CERAMICS
Table 14: PROPERTIES OF COMMERCIAL ALUMINA
Table 15: PROPERTIES OF COMMERCIAL ZIRCONIA
Table 16: TYPICAL PROPERTIES OF SILICON NITRIDES
Table 17: PROPERTIES OF HOT-PRESSED BORON NITRIDES
Table 18: AVERAGE STRENGTHS OF SELECTED CERAMICS
Table 19: PROPERTIES OF SELECTED CERAMIC WHISKERS
Table 20: TYPICAL PROPERTY RANGES FOR FIBERS
Table 21: APPLICATIONS AND BENEFITS OF ALUMINA AND MULLITE MATRIX
COMPOSITES
Table 22: MECHANICAL PROPERTIES OF TYPICAL OXIDE MATRIX COMPOSITES
Table 23: BENEFITS AND APPLICATIONS OF SILICON CARBIDE MATRIX CONTINUOUS
FIBER REINFORCED CERAMIC COMPOSITES
Table 24: MECHANICAL PROPERTIES OF TYPICAL NON-OXIDE MATRIX COMPOSITES
Table 25: TYPICAL APPLICATIONS OF MOLYBDENUM DISILICIDE (MOSI2) COMPOSITES
Table 26: APPLICATIONS FOR DISCONTINUOUSLY REINFORCED CERAMICS BY TYPE
Table 27: APPLICATIONS FOR CONTINUOUSLY REINFORCED CERAMIC BY TYPE
Table 28: STAGES IN THE PROCESSING OF CRYSTALLINE CERAMICS
Table 29: TECHNIQUES FOR POWDER CONSOLIDATION AND SHAPE FORMING
Table 30: TYPICAL PROPERTIES OF LEADING STRUCTURAL CERAMIC CUTTING TOOL
MATERIALS
Table 31: COMPARISON OF ALUMINAS
Table 32: NORTH AMERICAN MANUFACTURERS AND SUPPLIERS OF CERAMIC CUTTING
TOOL INSERTS
Table 33: NORTH AMERICAN PRODUCERS OF CUTTING TOOL BLANKS
Table 34: SELECTED PRICES OF CARBIDE AND CERAMIC TOOL INSERTS, 1987 - 2011
Table 35: MARKET SHARE OF CERAMIC TOOL INSERTS, 2011
Table 36: ESTIMATED MARKET SHARE OF LEADING COMPANIES IN CERAMIC CUTTING
TOOLS, 2011
Table 37: PROJECTED NORTH AMERICAN CERAMIC CUTTING TOOL AND TOOL INSERT
MARKET BY MATERIAL TYPE, THROUGH 2016
Table 38: MATERIAL SELECTIONS FOR WEAR-, EROSION-, AND CORROSION-
RESISTANT APPLICATIONS
Table 39: PROPERTIES OF MATERIAL SELECTIONS FOR WEAR-, EROSION- AND
CORROSION-RESISTANT APPLICATIONS
Table 40: SELECTED PROPERTIES OF SILICON NITRIDE BEARING COMPONENTS
Table 41: TYPICAL PHYSICAL PROPERTIES OF COORS HIGH-DENSITY CERAMIC MEDIA
Table 42: CANDIDATE STRUCTURAL CERAMIC SEAL PROPERTIES
Table 43: PROJECTED NORTH AMERICAN CERAMIC BEARING AND BEARING COMPONENTS
MARKET BY TYPE, THROUGH 2016
Table 44: PROJECTED NORTH AMERICAN CERAMIC GRINDING MEDIA MARKET BY TYPE,
THROUGH 2016
Table 45: NORTH AMERICAN CERAMIC GRINDING MEDIA MARKET SHARES BY MATERIAL
TYPE, 2011
Table 46: PROJECTED NORTH AMERICAN CERAMIC NOZZLE MARKET BY TYPE, THROUGH
2016
Table 47: STRUCTURAL CERAMIC NOZZLE MARKET BY MATERIAL TYPE, 2011
Table 48: PROJECTED NORTH AMERICAN MARKET FOR CERAMIC SEALS, VALVES, AND
RELATED PRODUCTS BY TYPE, THROUGH 2016
Table 49: NORTH AMERICAN MARKET FOR CERAMIC SEALS, VALVES, AND RELATED
PRODUCTS BY MATERIAL TYPE, 2011
Table 50: PROJECTED NORTH AMERICAN MARKET FOR CERAMIC DIES, GUIDES,
PULLEYS, AND RELATED PRODUCTS, THROUGH 2016
Table 51: NORTH AMERICAN MARKET FOR CERAMIC MATERIALS USED FOR CERAMIC
DIES, GUIDES, PULLEYS, AND RELATED PRODUCTS BY MATERIAL TYPE, 2011
Table 52: PROJECTED NORTH AMERICAN MARKET FOR TECHNICAL AND ADVANCED
STRUCTURAL CERAMICS FOR WEAR, EROSION, AND CORROSION-RESISTANT INDUSTRIAL
COMPONENTS, THROUGH 2016
Table 53: NORTH AMERICAN MARKET FOR TECHNICAL AND ADVANCED STRUCTURAL
CERAMIC MATERIALS USED FOR WEAR-, EROSION-, AND CORROSION-RESISTANT INDUSTRIAL
COMPONENTS, 2011
Table 54: NORTH AMERICAN MARKET SHARES OF LEADING PRODUCERS/SUPPLIERS OF
CERAMIC COMPONENTS FOR WEAR-RESISTANT AND INDUSTRIAL-RELATED APPLICATIONS, 2011
Table 55: APPLICATIONS OF BIOACTIVE GLASSES AND GLASS-CERAMICS
Table 56: ESTIMATED NUMBER OF U.S. DENTISTS BY SPECIALTY, 2006 AND 2018
Table 57: PROJECTED NORTH AMERICAN BIOCERAMICS MARKET BY DENTAL TYPE,
THROUGH 2016
Table 58: PROJECTED NORTH AMERICAN BIOCERAMICS MARKET, THROUGH 2016
Table 59: NORTH AMERICAN BIOCERAMICS MATERIALS MARKET BY TYPE, 2011
Table 60: NORTH AMERICAN COMPANIES SUPPLYING CERAMIC COMPONENTS IN ENERGY
AND HIGH-TEMPERATURE APPLICATIONS
Table 61: NORTH AMERICAN MARKET FOR KILN FURNITURE, BY MATERIAL, 2011
Table 62: PROJECTED NORTH AMERICAN MARKET FOR TECHNICAL AND ADVANCED
STRUCTURAL CERAMICS ENERGY AND HIGH-TEMPERATURE-RESISTANT COMPONENTS BY
APPLICATION, THROUGH 2016
Table 63: NOTH AMERICAN MARKET FOR TECHNICAL AND ADVANCED STRUCTURAL
CERAMIC MATERIALS FOR ENERGY AND HIGH-TEMPERATURE-RESISTANT COMPONENTS BY
MATERIAL, 2011
Table 64: LEADING SUPPLIERS OF CERAMICS FOR ENERGY AND
HIGH-TEMPERATURE-RESISTANT APPLICATIONS, 2011
Table 65: SIGNIFICANT GLASS-CERAMIC MATERIALS
Table 66: PROJECTED NORTH AMERICAN GLASS-CERAMICS IN AIRCRAFT AND
AEROSPACE MARKET, THROUGH 2016
Table 67: NORTH AMERICAN COMPANIES IN THE CERAMIC DEFENSE AND SPACE SECTOR
Table 68: NORTH AMERICAN COMPANIES SUPPLYING CERAMIC COMPONENTS FOR
MISCELLANEOUS DEFENSE APPLICATIONS
Table 69: NORTH AMERICAN CERAMIC ARMOR MARKET SHARE BY COMPANY, 2011
Table 70: NORTH AMERICAN CERAMIC ARMOR MARKET SHARE, BY MATERIAL TYPE, 2011
Table 71: PROJECTED U.S. MARKET FOR TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS FOR ADVANCED ARMOR AND MILITARY APPLICATIONS, THROUGH 2016
List of Figures
Summary Figure: PROJECTED NORTH AMERICAN TECHNICAL AND ADVANCED STRUCTURAL
CERAMICS MARKET BY APPLICATION, 2010-2016
Figure 1: SCHEMATIC OF SLIP CASTING PROCESS
Figure 2: SCHEMATIC OF EXTRUSION PROCESS
Figure 3: SCHEMATIC OF INJECTION MOLDING PROCESS
Figure 4: SPECTRA SHIELD COMPOSITE CONSTRUCTION
Technical and Advanced Structural Ceramics published by BCC Research in February 29, 2012. This report consists of 255 Pages and the price starts from US $ 5450.
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Press Release
North American Technical and Advanced Structural Ceramics Market to Reach $4.4 Billion in 2016
March 15th, 2012
Global Information Inc. would like to present a new market research report, "Technical and Advanced Structural Ceramics" by BCC Research.
The North American market for technical and advanced structural ceramics was valued at nearly $3.5 billion in 2011 and is expected to increase to $4.4 billion in 2016, a five-year compound annual growth rate (CAGR) of 5.1%.
The North American market for technical and advanced structural ceramics can be separated into six segments by application: bioceramics, advanced armor and military equipment, wear-, erosion-, and corrosion-resistant components, cutting tools and tool inserts, energy- and high-temperature-resistant components, and aircraft and aerospace equipment.
Bioceramics, the largest segment, accounted for nearly $2.2 billion in 2011. The segment is expected to increase at a CAGR of 5.2% to reach $2.8 billion in 2016.
Advanced armor and military equipment accounted for $572 million in 2011 and is expected to reach $696 million in 2016, a CAGR of 4%.
The segment made up of wear-, erosion-, and corrosion-resistant components accounted for $457 million in 2011 and is expected to reach $583 million in 2016, a CAGR of 5%.
In 2011, the cutting tools and tool inserts segment was worth $141 million, and in 2016, that value should reach $189 million, a CAGR of 6%.
Energy-and high-temperature-resistant components rose from $93 million in 2011 to $124 million in 2016, a 5.9% CAGR.
The last segment, aircraft and aerospace equipment, increased from $15 million in 2011 to $17 million in 2016, a 2.5% CAGR.
Advanced structural ceramics have the potential to resolve many materials-based challenges in process industry, power generation, aerospace, transportation, and military applications. Their wear resistance, corrosion resistance, high-temperature resistance, and light weight represent a superior combination of qualities. These materials may help to decrease energy consumption and minimize pollution.
