Global Metal Matrix Composite (MMC) Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Metal Matrix Composite Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global metal matrix composite market report has been segmented on the basis of product type, production technology, end-use industry, and region.
Metal Matrix Composite Market: Introduction
Metal matrix composites are composite materials containing metal and secondary ingredient that may be a multiple metal or non-metallic material including ceramic or organic compound. Metal matrix composites offers various characteristics such as superior physical and mechanical properties such as tensile strength, moisture resistance, and fire resistance and can be utilized over a wide range temperature. These composites also offer option to tailor these properties in order to meet specific requirements, thus makes this material unique in comparison with others composites. Metal matrix composites are use or prototype for lightweight and durable parts in a various of end-use application sectors such as thermal management, electronics aerospace, marine, and defense.
Metal Matrix Composite Market: Dynamics
Rising adoption for metal matrix composite across various end-use applications including electronics and automotive is a key factor estimated to drive growth of the target market. In addition, increasing demand for metal matrix composite form ground transportation and thermal management is a factor expected to propel the potential market growth in the years to come.
Moreover, increasing adoption of metal matrix composites for structural aerospace composite parts manufacturing with better dimensional stability and high precision is among another factor expected to drive growth of the potential market over the years to come. Increasing demand for these products in developing economics is among additional factor projected to support growth of the global market.
However, complicated manufacturing process is a major factor expected to restraint growth of the target market. Concerns related to recyclability in various developed and developing countries, is another factor projected to challenges growth of the target market to certain extent.
Metal Matrix Composite Market: Segment Insights
Among the product type segments, the aluminum MMC segment is estimated to witness major share in terms of revenue in the global metal matrix composite market, owing to superior properties including light weight, mechanical resistance, and environmental resistance. Moreover, if offers various reinforcements including silicon carbide (SiC) fibers, boron continuous fibers, whiskers and short fibers, and graphite fibers are compatible with the aluminum alloy matrix. The aluminum MMC segment is further projected to record highest CAGR over the next 10 years.
Among the end-use industry, the ground transportation segment is expected to register maximum share in term of revenue in the global metal matrix composite market, owing to well established and proven applications of metal matrix composite in engine components and brake discs. The ground transportation segment revenue is projected to register highest CAGR in the next few years.
Metal Matrix Composite Market: Region Insights
North America metal matrix composite market is estimated to account for highest revenue share contribution in the global metal matrix composite market. Asia Pacific market is projected to register highest revenue growth, owing to rapid development in defense and space sectors in countries in region.
Global metal matrix composite market segmentation:
Segmentation by Product Type:
- Aluminum MMC
- Magnesium MMC
- Refractory MMC
Segmentation by Production Technology:
- Powder metallurgy
- Liquid infiltration
- Deposition techniques
Segmentation by End-Use Industry:
- Ground transportation
- Thermal management
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Materion Corporation
- CPS Technologies Corporation
- GKN Sinter Metals Inc.
- 3M Company
- Metal Matrix Cast Composites LLC
- DEUTSCHE EDELSTAHLWERKE GmbH
- PLANSEE SE
- Ferrotec Holdings Corporation
- CeramTec GmbH
- Sandvik AB
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