Metal Matrix Composites Markets, Trends, Forecasts & Opportunities, 2023-2032
Research Reports
Aug 21, 2023
Market Summary
The Global Metal Matrix Composites (MMCs) Market was valued at USD 211.3 billion in 2022 and is estimated to register a CAGR of around 6.40% during the forecast period (2023 – 2032). The growth of the global metal matrix composites (MMCs) market is due to the demand for lightweight and durable parts in the automotive industry. The high-temperature resistance and high modulus of MMCs over other metals give it an upper hand in the aerospace & defense industry. Additionally, the superior properties such as high electrical conductivity and wear resistance are increasing the demand for MMCs in the electronics and construction industries.
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Segmental Analysis
The global Metal Matrix Composites (MMCs) Market has been segmented based on product type, end-use industry, and region.
By product type, the global market has been classified into aluminum, nickel, refractory, copper, and others. Among these, the aluminum MMCs due to the high tensile strength, low density, and high wear resistance are high in demand in the aerospace and automotive industries. It is the largest segment in terms of demand. The refractory MMCs is projected to be the fastest-growing segment during the forecast period due to the increasing application in the construction and thermal industries.
Based on end-use industry, the global market has been segregated into aerospace & defense, automotive, building & construction, marine, electronics, healthcare, and others. The global MMCs market is dominated by the aerospace & defense segment, accounting for 33% of the global market share. Moreover, due to high investments in the aerospace sector and high demand for superior composite materials are factors projected to boost the growth of the segment during the forecast period. It is further followed by the automotive sector due to the increasing demand for automobiles across the globe.
Key Players
- A Materion Corporation (US)
- CPS Technologies Corporation (US)
- GKN Sinter Metals (US)
- 3M (US)
- DestsceEdelstaslwerke GmbH (Germany)
- Metal Matrix Cast Composites
- LLC (US)
- Plansee SE (Austria)
- Ceram Tec (Germany)
- Sandvik AB (Sweden)
- Ferrotec Corporation (US)
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Table Of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Metal Matrix Composites (MMCs) Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis Of Global Metal Matrix Composites (MMCs) Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Buyers
5.2.3 Bargaining Power Of Suppliers
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Competitive Rivalry
5.3 Pricing Analysis
Continue…
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Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Metal Matrix Composites (MMCs) market area will dominate this market, owing to well-established automotive, transportation, and aerospace industries, and the increasing investments will boost the market growth in this Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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