The metal matrix composites (MMC) market refers to the global market for materials that consist of a metal matrix reinforced with one or more materials, typically ceramic fibers or particles. These composites are used in a wide range of applications, including aerospace, automotive, electronics, and defense. The global MMC market is expected to grow in the coming years, driven by factors such as an increasing demand for lightweight and high-strength materials, a growing need for improved performance and durability in various applications, and advancements in manufacturing technologies.
North America is currently the largest market for MMCs, followed by Europe and Asia Pacific. Key players in the market include Materion Corporation, Sandvik AB, 3M, GKN Aerospace, and CPS Technologies Corporation. The aerospace industry is one of the major users of MMCs, where they are used in components such as engine parts, landing gear, and structural components. In the automotive industry, MMCs are used in brake discs, engine components, and structural parts. In the electronics industry, MMCs are used in heat sinks and other components that require high thermal conductivity.
Overall, the MMC market is expected to continue to grow in the coming years as manufacturers and end-users seek new materials that can improve performance, reduce weight, and increase durability in various applications.
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Key Segments in Metal Matrix Composites Industry Research
- Product
- Aluminum Metal Matrix Composites
- Copper Metal Matrix Composites
- Magnesium Metal Matrix Composites
- Super Alloys Metal Matrix Composites
- Refractory Metal Matrix Composites
- Production Technology
- Liquid Metal Infiltration
- Powder Metallurgy
- Casting
- Deposition techniques
- Application
- Metal Matrix Composites for Automotive & Transportation
- Metal Matrix Composites for Aerospace & Defense
- Metal Matrix Composites for Electrical & Electronics
- Metal Matrix Composites for Thermal Management
Key Takeaways from Market Study
- Global metal matrix composites market to top US$ 630 Mn by 2031.
- Aluminum metal matrix composites projected to reach around US$ 270 Mn by 2031.
- Refractory metal matrix composites projected to record above 4% CAGR over next 10 years.
- Market in Europe to record 3% CAGR over forecast period of 2021- 2031.
- U.S. market likely to expand at CAGR of 4% through 2031.
- North America is the most lucrative region and will generate over 50% revenue by 2031.
- Market in India projected to expand at above 3% CAGR over the decade.
Report Benefits & Key Questions Answered
- Metal Matrix Composites Company & brand share analysis: The report offers brand-share analysis on Metal Matrix Composites market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Metal Matrix Composites Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Metal Matrix Composites Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Metal Matrix Composites Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Metal Matrix Composites Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Metal Matrix Composites: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Metal Matrix Composites sales.
More Valuable Insights on Metal Matrix Composites Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Metal Matrix Composites, Sales and Demand of Metal Matrix Composites, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
