Global Metal Matrix Composite Market, By Product Type (Aluminium Metal Matrix Composite, Magnesium Metal Matrix Composite, Refractory Metal Matrix Composite, Others), Production Technology (Liquid Metal Infiltration, Powder Metallurgy, Casting, Depositions Techniques), Reinforcement Type (Continuous Reinforcement, Discontinuous Reinforcement, Particle), End-Use Industry (Ground Transportation, Thermal Management, Aerospace, Industrial, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Metal Matrix Composite Market
Data Bridge Market Research analyses the metal matrix composite market will exhibit a CAGR of 6.70% for the forecast period of 2022-2029 and is expected to reach the USD 1,013.22 billion by 2029.
Metal matrix composites (MMCs) are composite materials made up of metal plus a secondary constituent that could be another metal or non-metallic substance, such as an organic compound or a ceramic. Metal matrix composites provide better mechanical and physical features, such as fire resistance and moisture resistance, as well as tensile strength and the ability to be used across a wide temperature range.
The rising demand for lightweight and strong MMC from aerospace and defense industry will influence the growth rate of the metal matrix composite market. The rising use of MMCs for manufacturing structural aerospace composite parts is the key elements driving market expansion. Along with this, superior properties of metal matrix composites over metals will increase the demand for the metal matrix composite market. The metal matrix composite market is also being driven by significant factors such as the upsurge in the level of disposable income and increasing urbanization. Furthermore, rising concern about environmental degradation and growing levels of carbon emissions and pollution will enhance the growth rate of metal matrix composite market. Also, rapidly rising industrialization will act as major factors influencing the growth of metal matrix composite market. The increasing trend for weight reduction in passenger cars and commercial vehicles will have positive impact on the growth rate of metal matrix composite market in automotive industry.
Moreover, expanding demand from end-user industries and increasing research and development activities will create beneficial opportunities for the growth of the metal matrix composite market. Additionally, rise in the number of applications such as robots, high-speed machinery and high-speed rotating shafts and untapped potential in emerging market will provide lucrative opportunities for market’s growth.
However, complicated manufacturing process and concerns about reparability and recyclability will hamper the metal matrix composite market’s growth rate. Also, slowdown in automotive production and emergence of unfavourable conditions due to COVID-19 outbreak will further pose challenges to the growth of metal matrix composite market. Maintenance of uninterrupted supply chain and operating at full capacity and the lack of skilled workforce will act as major restrains and further impede the growth rate metal matrix composite market.
This metal matrix composite market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on metal matrix composite market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Metal Matrix Composite Market Scope and Market Size
The metal matrix composite market is segmented on the basis of product type, production technology, reinforcement type and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product type, the market is segmented into aluminium metal matrix composite, magnesium metal matrix composite, refractory metal matrix composite and others.
- On the basis of production technology, the market is segmented into liquid metal infiltration, powder metallurgy, casting and depositions techniques. The metal matrix composite market is further segmented based on the basis of liquid metal infiltration segments into gas pressure infiltration, squeeze casting infiltration method and others. The powder metallurgy segment is further classified on the basis of hot pressing, ball mill mixing, extrusion/rolling and vacuum pressing. Casting segment is further segmented into stir casting, gravity casting, low-pressure casting and compo-casting. The depositions techniques is further categorized into electroplating, spray foaming and chemical vapour deposition.
- On the basis of reinforcement type, the metal matrix composite market is divided into continuous reinforcement, discontinuous reinforcement and particle. The discontinuous reinforcement segment is further classified into whiskers and short fibers.
- Global metal matrix composite market is also segmented based on end use industry into ground transportation, thermal management, aerospace, industrial and others.
Metal Matrix Composite Market Country Level Analysis
The metal matrix composite market is analysed and market size, volume information is provided by country, product type, production technology, reinforcement type and end use industry as referenced above.
The countries covered in the metal matrix composite market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the metal matrix composite market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major automotive and aerospace manufacturers in this region. Additionally, strict government regulations with rising demand for fuel-efficient vehicles will propel the market’s growth rate in this region. Asia-Pacific is the growing region of metal matrix composite market during the forecast period of 2022-2029 due to the rising growth in automotive production and high concentration of electronics manufacturers in this region.
The country section of the metal matrix composite market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Metal Matrix Composite Market Share Analysis
The metal matrix composite market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to metal matrix composite market.
Some of the major players operating in the metal matrix composite market are Materion Corporation, CPS Technologies Corp, GKN Sinter Metals Engineering GmbH, 3M, Deutsche Edelstahlwerke Services GmbH, Plansee Group, Ferrotec (USA) Corporation, CeramTec GmbH, Sandvik AB, Plansee SE, TISICS Ltd., ADMA Products, Inc., Sumitomo Electric Industries, Ltd., SANTIER, 3A Composites Holding AG, Hitachi Metals, Ltd., Mi-Tech Tungsten Metals, LLC, and DWA Aluminum Composites USA, Inc., among others.