Ceramic Matrix Composites Market Share

North American Market Forecast

The ceramic matrix composites market in North America is poised to garner the share of about 40% over the forecast period. Some of the key elements anticipated to drive the CMC demand in North America include the presence of significant aviation sectors, their investments in the development of ceramic matrix components to produce aviation components, and their partnerships with government agencies for upgrading defense equipment.

APAC Market Analysis

The Asia Pacific ceramic matrix composites market is set to have the significant growth over the forecast period. Rapid urbanization and rising population have spurred construction activity throughout Asia Pacific, which is expected to further fuel product demand. Additionally, it is projected that increased disposable income, particularly in developing nations including China and India, will fuel industry expansion during the forecast period.