![]() 11, 2022 (GLOBE NEWSWIRE) - The report published by The Brainy Insights shows that the global ceramic matrix composites market is expected to grow from USD 7.9 billion in 2021 to USD 17.4 billion by 2030, at a CAGR of 9.2% during the forecast period 2022-2030. ![]() North America emerged as the largest market for the global ceramic matrix composites market, with a 43% share of the market revenue in 2021.The presence of prominent players in the North America region and the implementation of stringent environmental regulations for fuel-efficient and lightweight vehicles adds impetus to the market's growth. Implementing stringent eco-friendly regulations in developing and developed countries are expected to provide an opportunity for the ceramic matrix composites market's growth for the forecast period. ![]()
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