Global Metal Matrix Composite Market Report 2023: Sector is Expected to Reach $735.8 Million by 2028 at a CAGR of 7.08% - ResearchAndMarkets.com

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Metal matrix composites (MMCs) are composite materials, such as metals, alloys, or intermetallic compounds, which are incorporated with various particulates, whiskers or continuous fibers.

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Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, June 1, 2023
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Tags: 
Natural Resources, Manufacturing, Mining, Minerals, Steel, Metal, Employment, Electronics, MMC, Thermal conductivity, Molybdenum, EVS, Niobium, Solvent, PCB, Growth, Tungsten, Rhenium, Alloy, Welding, Renewable energy, Printed circuit board
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RESEARCH AND MARKETS, RESEARCHANDMARKETS.COM
Summary
Key Points: 
  • Metal matrix composites (MMCs) are composite materials, such as metals, alloys, or intermetallic compounds, which are incorporated with various particulates, whiskers or continuous fibers.
  • They are manufactured by stacking and bonding alternative layers of metals or alloys to enhance the toughness and damage tolerance.
  • They are designed to offer various benefits, such as improving strength, enhancing wear and creep resistance, increasing damping, and reducing thermal expansion.
  • Our report has categorized the market based on type, reinforcement material, reinforcement type, production technology, and end use industry.


The "Metal Matrix Composite Market by Type, Reinforcement Material, Reinforcement Type, Production Technology, End Use Industry, and Region 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global metal matrix composite market size reached US$ 488.2 Million in 2022. Looking forward, the publisher expects the market to reach US$ 735.8 Million by 2028, exhibiting a CAGR of 7.08% during 2022-2028.

Companies Mentioned

  • 3M Company
  • ADMA Products Inc.
  • CeramTec GmbH
  • CPS Technologies Corporation
  • Denka Company Limited
  • Deutsche Edelstahlwerke Services GmbH (Swiss Steel Holding AG)
  • DWA Aluminum Composites USA Inc.
  • Ferrotec Holdings Corporation
  • Materion Corporation
  • Melrose Industries plc
  • Plansee Group
  • SANTIER Inc. (EGIDE Group)
  • TISICS Ltd

The increasing demand for lightweight and high-performance materials, rising demand for refractory materials, and the growing utilization of electric vehicles (EVs) to reduce greenhouse gas emissions represent some of the key factors driving the market.

Metal matrix composites (MMCs) are composite materials, such as metals, alloys, or intermetallic compounds, which are incorporated with various particulates, whiskers or continuous fibers. They are manufactured by stacking and bonding alternative layers of metals or alloys to enhance the toughness and damage tolerance.

They are designed to offer various benefits, such as improving strength, enhancing wear and creep resistance, increasing damping, and reducing thermal expansion. Besides this, MMCs provide high shear strength, enhance abrasion resistance, and offer nonflammability, minimal attack by fuels and solvents, and the ability to be formed and treated on conventional equipment.

They are also applied to brake rotors, pistons, and other automotive components as MMCs can operate in high temperatures. As a result, it finds extensive applications in the aerospace, defense, electronics, marine, and packaging industries across the globe.

At present, the increasing demand for lightweight and high-performance materials in the aerospace industry to boost fuel efficiency due to the inflating fuel prices represents one of the key factors supporting the growth of the market. Besides this, the rising awareness among the masses about the benefits of MMCs over metals is offering lucrative growth opportunities to industry investors.

Moreover, there is an increase in the demand for refractory materials, such as tungsten, niobium, rhenium, and molybdenum, across the globe. This, along with the growing demand for durable and high-precision equipment in the electronics industry, is positively influencing the market.

In addition, there is a rise in the utilization of tungsten carbide in heat sinks, resistance welding, and ammunition manufacturing around the world. This, coupled with the increasing employment of MMCs in power electronic modules due to their excellent thermal conductivity, tunable coefficient of thermal expansion, and low density, is propelling the growth of the market.

Apart from this, the growing demand for particulate reinforced metal matrix composites (PRMMCs) to manufacture radiator panels, power semiconductor packages, microwave modules, battery sleeves, black box enclosures, and printed circuit board (PCB) heat sinks is offering a favorable market outlook.

Additionally, the increasing production of cellular phones, portable computing devices, and gaming systems is strengthening the growth of the market. Furthermore, the escalating demand for electric vehicles (EVs) to reduce greenhouse gas emissions around the world is bolstering the growth of the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each segment of the global metal matrix composite market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, reinforcement material, reinforcement type, production technology, and end use industry.

Type Insights:

  • Aluminium
  • Nickel
  • Refractory
  • Others

The report has provided a detailed breakup and analysis of the metal matrix composite market based on the type. This includes aluminium, nickel, refractory, and others. According to the report, refractory represented the largest segment.

Reinforcement Material Insights:

  • Silicon Carbide
  • Aluminum Oxide
  • Titanium Carbide
  • Others

A detailed breakup and analysis of the metal matrix composite market based on the reinforcement material has also been provided in the report. This includes silicon carbide, aluminum oxide, titanium carbide, and others. According to the report, silicon carbide accounted for the largest market share.

Reinforcement Type Insights:

  • Discontinuous
  • Continuous
  • Particles

A detailed breakup and analysis of the metal matrix composite market based on the reinforcement type has also been provided in the report. This includes discontinuous, continuous, and particles. According to the report, discontinuous accounted for the largest market share.

Production Technology Insights:

  • Powder Metallurgy
  • Liquid Metal Infiltration
  • Casting
  • Deposition Techniques

A detailed breakup and analysis of the metal matrix composite market based on the production technology has also been provided in the report. This includes powder metallurgy, liquid metal infiltration, casting, and deposition techniques. According to the report, powder metallurgy accounted for the largest market share.

End Use Industry Insights:

  • Automotive and Locomotive
  • Electrical and Electronics
  • Aerospace and Defense
  • Industrial
  • Others

A detailed breakup and analysis of the metal matrix composite market based on the end use industry has also been provided in the report. This includes automotive and locomotive, electrical and electronics, aerospace and defense, industrial, and others. According to the report, automotive and locomotive accounted for the largest market share.

Key Questions Answered in This Report:

  • How has the global metal matrix composite market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global metal matrix composite market?
  • What is the impact of each driver, restraint, and opportunity on the global metal matrix composite market?
  • What are the key regional markets?
  • Which countries represent the most attractive metal matrix composite market?
  • What is the breakup of the market based on the type?
  • Which is the most attractive type in the metal matrix composite market?
  • What is the breakup of the market based on the reinforcement material?
  • Which is the most attractive reinforcement material in the metal matrix composite market?
  • What is the breakup of the market based on reinforcement type?
  • Which is the most attractive reinforcement type in the metal matrix composite market?
  • What is the breakup of the market based on production technology?
  • Which is the most attractive production technology in the metal matrix composite market?
  • What is the breakup of the market based on end use industry?
  • Which is the most attractive end use industry in the metal matrix composite market?
  • What is the competitive structure of the global metal matrix composite market?
  • Who are the key players/companies in the global metal matrix composite market?

For more information about this report visit https://www.researchandmarkets.com/r/rb2j2t

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