The North American market for ceramic matrix composites is calculated to grow at a CAGR of 9.83% with regards to revenue and 10.87% with regards to volume during the forecasted period, 2019-2027. The presence of a well-established and technologically advanced aerospace and defense industry, and the resultant utilization of ceramic matrix composites, are the factors estimated to escalate the growth of the market.
Request Free Sample Report for North America Ceramic Matrix Composites Market By Composite Type, Fiber Type, Fiber Material, Application And Geography: https://www.inkwoodresearch.com/reports/north-america-ceramic-matrix-composites-market/#request-free-sample
The ceramic matrix composites market for the North American region is evaluated based on the markets in regions like the United States and Canada. The ceramic matrix is utilized much more prominently than the metal matrix in the North American region. The economic strength of the US aids in the demand for ceramic matrix composites. Moreover, increased funding and research development activities are enhancing market benefits. The defense industry in the US makes use of composites, which is an emerging trend, along with the adoption of nanotechnology, all of which result in the demand for ceramic matrix composites owing to its properties and benefits. Canada is among the world leaders with regards to the use of energy and the subsequent production, from renewable sources. The country also relies on clean hydro energy. The region utilizes ceramic matrix composites in electric vehicle production and customization. All of these factors result in increased utilization of ceramic matrix composites, thereby driving the market growth.
The favorable economic conditions are creating opportunities for companies in the market. Some of the eminent companies in the market include, Composites Horizons, COI Ceramic, Inc., SGL Carbon, 3m Company, General Electric Company, Kyocera Corporation, Ube Industries, Ltd., Starfire Systems, Inc., etc.
RELATED REPORTS NORTH AMERICA BIOTECHNOLOGY REAGENTS MARKET FORECAST 2020-2028NORTH AMERICA SAUCES, CONDIMENTS & DRESSINGS MARKET FORECAST 2019-2027NORTH AMERICA MULTIPLEX ASSAY MARKET FORECAST 2019-2027NORTH AMERICA FORKLIFT TRUCK MARKET FORECAST 2020-2028