Asia Pacific Ceramic Matrix Composites Market By End-Use Industry Forecast (2016-2024)

Year CHINA INDONESIA INDIA JAPAN SOUTH KOREA MALAYSIA THAILAND REST OF ASIA PACIFIC AUSTRALIA AND NEW ZEALAND
2016 $ 393.5 $ 107.5 $ 129.2 $ 212.6 $ 172.8 $ 40.2 $ 75.3 $ 57.3 $ 67.1
2017 $ 447.4 $ 120.2 $ 145.4 $ 230.7 $ 188.7 $ 44.7 $ 83.9 $ 62.9 $ 74.1
2018 $ 508.3 $ 134.5 $ 163.6 $ 250.3 $ 206.3 $ 49.8 $ 93.5 $ 69.1 $ 81.9
2019 $ 578.3 $ 150.8 $ 184.6 $ 272.3 $ 225.9 $ 55.5 $ 104.5 $ 76.1 $ 90.6
2020 $ 658.5 $ 169.4 $ 208.6 $ 296.7 $ 247.9 $ 61.9 $ 117.0 $ 83.9 $ 100.6
2021 $ 750.0 $ 190.5 $ 236.0 $ 323.6 $ 272.3 $ 69.2 $ 131.1 $ 92.6 $ 111.6
2022 $ 857.2 $ 215.1 $ 268.1 $ 354.4 $ 300.5 $ 77.7 $ 147.5 $ 102.7 $ 124.5
2023 $ 979.2 $ 243.0 $ 304.6 $ 388.3 $ 331.5 $ 87.2 $ 166.1 $ 113.9 $ 138.9
2024 $ 1118.0 $ 274.5 $ 346.2 $ 425.5 $ 365.9 $ 98.0 $ 186.9 $ 126.4 $ 154.9
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Asia Pacific Ceramic Matrix Composites Market By End-Use Industry Forecast (2016-2024)

Synopsis
The above chart is Global Ceramic Matrix Composites market [2016-2024] Asia Pacific by End-Use Industry

Market Dynamics

china accounted for the largest market share in 2018 in the asia pacific ceramic matrix composites market, and is expected to reach usd 1118.00 million in 2024 from usd 508.30 million in 2018.this market is projected to grow at a cagr of 14.09% during the forecast period from 2019 - 2024. silicon carbide/ silicon carbide sic/sic segment accounted for the largest market share in 2018, this market is expected to reach usd 920.70 million in 2024 from usd 462.00 million in 2018. this market is projected to grow at a cagr of 12.27% during the forecast period from 2019 - 2024. however, carbon/silicon carbide c/sic segment is the fastest growing market, which is expected to grow at a cagr of 12.91% during the forecast period 2019 - 2024. aerospace segment accounted for the largest market share in 2018, this market is expected to reach usd 1060.80 million in 2024 from usd 523.50 million in 2018. this market is projected to grow at a cagr of 12.59% during the forecast period from 2019 - 2024. however, automotive segment is the fastest growing market, which is expected to grow at a cagr of 12.79% during the forecast period 2019 - 2024. gaseous infiltration / chemical vapor infiltration cvi process segment accounted for the largest market share in 2018, this market is expected to reach usd 1030.40 million in 2024 from usd 506.50 million in 2018. this market is projected to grow at a cagr of 12.67% during the forecast period from 2019 - 2024. however, gaseous infiltration / chemical vapor infiltration cvi process segment is the fastest growing market, which is expected to grow at a cagr of 12.67% during the forecast period 2019 - 2024. short fiber segment accounted for the largest market share in 2018, this market is expected to reach usd 1217.70 million in 2024 from usd 596.00 million in 2018. this market is projected to grow at a cagr of 12.75% during the forecast period from 2019 - 2024. however, short fiber segment is the fastest growing market, which is expected to grow at a cagr of 12.75% during the forecast period 2019 - 2024.

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