SOURCE: Century Markets Research

November 02, 2011 16:05 ET

Emerging Ceramic Composite Materials and the Automotive Industry

NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Market Research.

NEW YORK, NY--(Marketwire - Nov 2, 2011) - Ceramic composite materials are rapidly being developed to combat problems associated with conventional ceramics and other materials that tend to fail under stresses caused mostly by heat in various applications in transportation vehicles.

The automotive parts industry which reaches into the billions of dollars has one of the most critical needs for advanced ceramics. The high heat stresses on brakes, sensors and engine parts can be greatly improved by composite ceramics, some already used in the industry today. Companies like GreenCell, Inc (OTCBB: GCLL), Ceradyne, 3M and CTS Corp all have technologies aimed at improving the life of these critical parts and lower overall costs associated with manufacturing.

The overall value of the 2010 engineering ceramics market (including medical, environmental and process applications) worldwide is estimated to be $4.9 billion. Several of the market sectors are mature, but other applications are expected to experience strong growth during the 2011-2016 period (www.bit.ly/uRe7fV).

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