Key Findings
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.

Market Insights
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.

Competitive Insights
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.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments