Global Metal Matrix Composite Market Size, Forecasts, And Opportunities
Learn about the global metal matrix composite market through The Business Research Company, which provides information on metal matrix composite market size, metal matrix composite market drivers and restraints, metal matrix composite market players, the COVID-19 impact on the metal matrix composite market, and more.
The global metal matrix composites market is expected to grow from $329.11 million in 2020 to $352.76 million in 2021 at a compound annual growth rate (CAGR) of 7.2%. The growth in the metal matrix composite market is mainly due to the increasing usage of MMC in the automotive & transportation and aerospace sector, growing focus on performance enhancement, rising concerns regarding environmental degradation and increasing levels of carbon emissions. The market is expected to reach $539.66 million in 2025 at a CAGR of 11.2%.
The growth of the automotive industry is expected to drive innovation in metal matrix composite manufacturing, thus driving the market during the forecast period.
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The metal matrix composite market consists of sales metal matrix composites by entities (organizations, sole traders, and partnerships) that manufacture metal matrix composite materials. Metal matrix composites (MMCs) are a class of materials (metals, alloys, or intermetallic compounds) that have been reinforced with particles, whiskers, or continuous fibers. MMCs are excellent substitutes to conventional materials owing to their hardness, specific strength, and creep resistance.
Global metal matrix composite market segments include:
By Matrix Type: Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC, Others
By Production Technology: Liquid Metal Infiltration, Powder Metallurgy, Casting, Deposition Techniques
By End-Use Industry: Automotive And Transportation, Aerospace And Defense, Electrical And Electronics, Industrial, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the metal matrix composite market in 2020.
The growing technological advancements are shaping the metal matrix composite market. Major institutes and companies are focusing on projects involving advanced composite materials for the automotive and aerospace industries.
TBRC’s metal matrix composite market report covers:
Major Market Players: 3M, CPS Technologies, GKN Sinter Metals, CeramTec, Ferrotec Corporation, Sandvik, Plansee, ADMA Products, Metal Matrix Cast Composites LLC, TISICS, DWA Aluminum Composites, Mi-Tech Tungsten Metals, AMETEK Specialty Metals Products, Santier, and Denka Company.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Metal Matrix Composite Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides metal matrix composite market overviews, analyzes and forecasts market size, share, metal matrix composite market players, metal matrix composite market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s metal matrix composite market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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