Press release
Metal Matrix Composite Market: Size, Regional Trends, Key Players, and Forecast Until 2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033
The Business Research Company offers in-depth market insights through Metal Matrix Composite Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The metal matrix composite market size has grown strongly in recent years. It will grow from $0.56 billion in 2023 to $0.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid growth in the automotive industry, increasing demand for lightweight materials in the aerospace and defense industry, and increase in government support.
The metal matrix composite market size is expected to see strong growth in the next few years. It will grow to $0.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increased demand across various applications, increased demand for powder metallurgy, and rising demand for aluminum components. Major trends in the forecast period include invest in technological advancements to meet the demand from customers and gain a competitive advantage over other players operating in the industry, should consider investing in aircraft manufacturing due to mmc's low costs and versatility, manufacturers should consider targeting applications in the automobile industry because of mmc's properties of being lightweight and resistant to corrosion, consider developing mmc's with self-healing capabilities, and targeting the electrical devices industry owing to its demand for high heat resistance.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=5173&type=smp
Market Segmentation:
The metal matrix composite market covered in this report is segmented -
1) By Matrix Type: Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC, Other Matrix Types
2) By Production Technology: Liquid Metal Infiltration, Powder Metallurgy, Casting, Deposition Techniques
3) By End-Use Industry: Automotive And Transportation, Aerospace And Defense, Electrical And Electronics, Industrial, Other End-User Industries
Major Driver - Rising Automotive Industry Production Drives Growth In The Metal Matrix Composite Market
The growth of the automotive industry is expected to fuel the growth of the metal matrix composite market in the coming years. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Metal matrix composites are used to lower vehicle weight and enhance the efficiency of automobiles. For instance, in May 2023, according to a report published by the European Automobile Manufacturers' Association (ACEA), in 2022, 85.4 million motor vehicles were produced worldwide, a 5.7% increase over 2021. Moreover, according to the International Organization of Motor Vehicle Manufacturers, a 36-national trade association, the total production of cars and commercial vehicles in 2021 was 80,145,988, which increased to 85,016,728 in 2022. Therefore, the expansion of the automotive industry propels the growth of the metal matrix composite market.
Competitive Landscape:
Major companies operating in the metal matrix composite market report are Materion Corporation, CPS Technologies Corporation, CeramTec, Ferrotec Holdings Corporation, DWA Aluminum Composites USA, GKN Sinter Metals, 3M, Plansee SE, Sandvik, Thermal Transfer Composites LLC, Sumitomo Electric Industries, Ametek, Denka China Baowu Group, NANJING YUNHAI SPECIAL METALS Co. Ltd, QingHai Salt Lake Industry Co. Ltd, Uyemura & Co. Ltd, Kennametal Inc., Apex Tools Group, Akar Tools Ltd., Channellock Inc., DAT Alloytech Company Limited, China Baowu Group, Deutsche Edelstahlwerke GmbH, 3A Composites, TISIC Metal Composites, Tenmat, Flowserve, Timken, Amteke Finland Oy, Schaeffler, Mueller Industries, Ball Corporation, Snap-on, ArcelorMittal, ThyssenKrupp, Tata Steel, Gibraltar Industries, Mi-Tech Tungsten Metals LLC, Metal Matrix Cast Composites LLC, Santier Inc., Adma Products Inc., MMC Group, Emirates Global Aluminum, Alba, Aboura Metals, Qatalum, Sohar Aluminum Emirates Metallic Company Industries (EMIC), Qatar Steel Ltd ., Arabian Metal Industries, Saudi Arabian Mining Company, Al Shahin Metal Industries, Pan gulf Industrial Investment, National Iranian Copper Industries, Egyptian Steel Ltd, Glencore, BFG Africa, AAT Composites, Hexcel Andrew Mentis Ltd., Argent Industrial Ltd., Afmetco Ltd, CIS Engineering Ltd., GRI Wind Steel South Africa Ltd., Fenster Aluminum Ltd., Consolidated Steel Industries Ltd., Hulamin Ltd., Leita Steel Ltd, Kwikspace Modular Buildings Ltd,
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/metal-matrix-composite-global-market-report
Top Trend - Technological Advancements Drive Evolution Of Metal Matrix Composite Market
The growth in technological advancements is shaping the metal matrix composite market. Major institutes and companies are focusing on projects involving advanced composite materials for the automotive and aerospace industries. According to a study published in 2021, Al-based metal matrix composites (AMMCs) have enormous applications in aerospace, automobiles, and other structural applications. Compared with conventional processes such as casting and powder metallurgy, AMMCs processed by additive manufacturing show a significant difference in microstructure and properties.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Metal Matrix Composite Market Characteristics
3. Metal Matrix Composite Market Trends And Strategies
4. Metal Matrix Composite Market - Macro Economic Scenario
5. Metal Matrix Composite Market Size And Growth
…..
27. Metal Matrix Composite Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
The Business Research Company offers in-depth market insights through Metal Matrix Composite Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The metal matrix composite market size has grown strongly in recent years. It will grow from $0.56 billion in 2023 to $0.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid growth in the automotive industry, increasing demand for lightweight materials in the aerospace and defense industry, and increase in government support.
The metal matrix composite market size is expected to see strong growth in the next few years. It will grow to $0.77 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increased demand across various applications, increased demand for powder metallurgy, and rising demand for aluminum components. Major trends in the forecast period include invest in technological advancements to meet the demand from customers and gain a competitive advantage over other players operating in the industry, should consider investing in aircraft manufacturing due to mmc's low costs and versatility, manufacturers should consider targeting applications in the automobile industry because of mmc's properties of being lightweight and resistant to corrosion, consider developing mmc's with self-healing capabilities, and targeting the electrical devices industry owing to its demand for high heat resistance.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=5173&type=smp
Market Segmentation:
The metal matrix composite market covered in this report is segmented -
1) By Matrix Type: Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC, Other Matrix Types
2) By Production Technology: Liquid Metal Infiltration, Powder Metallurgy, Casting, Deposition Techniques
3) By End-Use Industry: Automotive And Transportation, Aerospace And Defense, Electrical And Electronics, Industrial, Other End-User Industries
Major Driver - Rising Automotive Industry Production Drives Growth In The Metal Matrix Composite Market
The growth of the automotive industry is expected to fuel the growth of the metal matrix composite market in the coming years. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Metal matrix composites are used to lower vehicle weight and enhance the efficiency of automobiles. For instance, in May 2023, according to a report published by the European Automobile Manufacturers' Association (ACEA), in 2022, 85.4 million motor vehicles were produced worldwide, a 5.7% increase over 2021. Moreover, according to the International Organization of Motor Vehicle Manufacturers, a 36-national trade association, the total production of cars and commercial vehicles in 2021 was 80,145,988, which increased to 85,016,728 in 2022. Therefore, the expansion of the automotive industry propels the growth of the metal matrix composite market.
Competitive Landscape:
Major companies operating in the metal matrix composite market report are Materion Corporation, CPS Technologies Corporation, CeramTec, Ferrotec Holdings Corporation, DWA Aluminum Composites USA, GKN Sinter Metals, 3M, Plansee SE, Sandvik, Thermal Transfer Composites LLC, Sumitomo Electric Industries, Ametek, Denka China Baowu Group, NANJING YUNHAI SPECIAL METALS Co. Ltd, QingHai Salt Lake Industry Co. Ltd, Uyemura & Co. Ltd, Kennametal Inc., Apex Tools Group, Akar Tools Ltd., Channellock Inc., DAT Alloytech Company Limited, China Baowu Group, Deutsche Edelstahlwerke GmbH, 3A Composites, TISIC Metal Composites, Tenmat, Flowserve, Timken, Amteke Finland Oy, Schaeffler, Mueller Industries, Ball Corporation, Snap-on, ArcelorMittal, ThyssenKrupp, Tata Steel, Gibraltar Industries, Mi-Tech Tungsten Metals LLC, Metal Matrix Cast Composites LLC, Santier Inc., Adma Products Inc., MMC Group, Emirates Global Aluminum, Alba, Aboura Metals, Qatalum, Sohar Aluminum Emirates Metallic Company Industries (EMIC), Qatar Steel Ltd ., Arabian Metal Industries, Saudi Arabian Mining Company, Al Shahin Metal Industries, Pan gulf Industrial Investment, National Iranian Copper Industries, Egyptian Steel Ltd, Glencore, BFG Africa, AAT Composites, Hexcel Andrew Mentis Ltd., Argent Industrial Ltd., Afmetco Ltd, CIS Engineering Ltd., GRI Wind Steel South Africa Ltd., Fenster Aluminum Ltd., Consolidated Steel Industries Ltd., Hulamin Ltd., Leita Steel Ltd, Kwikspace Modular Buildings Ltd,
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/metal-matrix-composite-global-market-report
Top Trend - Technological Advancements Drive Evolution Of Metal Matrix Composite Market
The growth in technological advancements is shaping the metal matrix composite market. Major institutes and companies are focusing on projects involving advanced composite materials for the automotive and aerospace industries. According to a study published in 2021, Al-based metal matrix composites (AMMCs) have enormous applications in aerospace, automobiles, and other structural applications. Compared with conventional processes such as casting and powder metallurgy, AMMCs processed by additive manufacturing show a significant difference in microstructure and properties.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Metal Matrix Composite Market Characteristics
3. Metal Matrix Composite Market Trends And Strategies
4. Metal Matrix Composite Market - Macro Economic Scenario
5. Metal Matrix Composite Market Size And Growth
…..
27. Metal Matrix Composite Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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