Metal Matrix Composites Market 2022 growth latest application share recent trends and better investment opportunities by forecast to 2029

Metal Matrix Composites Market Summary

The Global Metal Matrix Composites (MMCs) Market was valued at USD 467.54 million in 2018 and is estimated to register a CAGR of around 7% during the forecast period, 2019–2025. 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.

Key Players

The key players operating in the global metal matrix composites (MMCs) market include 3M (US), Ferrotec (USA) Corporation (US), Sumitomo Electrical Industry(Japan), Melrose Industries PLC (UK), Thermal Transfer composites LLC (US), Sandvik AB (Sweden), CPS Technologies Corporation (US), Schmolz + Bickenbach Group (Germany), Tisics Ltd (UK), Plansee SE (Austria), Ametek Inc. (US), Ceramtec (Germany), Materion Corporation (US), Alvant Ltd (UK), and Hitachi metal Ltd (Japan).

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.
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