Market Overview:
The global metal matrix composite market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The increasing demand for lightweight and high-performance materials in various end-use industries is driving the growth of the global metal matrix composite market. In terms of type, the aluminum MMC segment is expected to lead the global metal matrix composite market during the forecast period, followed by magnesium MMC and refractory MMC segments. The land transport application segment is expected to be a key driver for growth of the global metal matrix composite market during the forecast period.
Product Definition:
A Metal Matrix Composite (MMC) is a composite material made from two or more constituent materials with significantly different mechanical properties. The metal matrix provides most of the material's strength and stiffness, while the reinforcement phase imparts toughness and resistance to failure. MMCs are typically used in high-performance applications where weight savings or improved performance is desired.
Aluminum MMC:
Aluminum MMC is a high-performance, aluminum-based material that can be used in applications requiring high strength and stiffness. Aluminum MMC has been developed as an alternative to steel and other alloys using magnesium due to its superior properties including lightweight, good corrosion resistance, higher tensile strength & yield point along with better formability. It also offers easier fabricating capabilities than magnesium while maintaining the same performance levels.
Magnesium MMC:
Magnesium MMC is a magnesium alloy with variable composition based on polyacrylate, aluminobonate, and citrate. It has applications in end-use industries such as automotive & transportation and electrical & electronics. Magnesium metal matrix composites are used for manufacturing lightweight components owing to its high strength-to-weight ratio along with excellent corrosion resistance properties.
Application Insights:
The land transport application segment led the market and accounted for more than 35.0% share of the global revenue in 2017. The use of metal matrix composites in the automotive industry is gaining traction as they offer superior performance, weight reduction, and cost-effectiveness when compared to conventional materials such as steel and aluminum.
Metal matrix composites are used to manufacture parts that are needed in relatively small quantities or that need to be produced in large numbers, such as engine components, transmission systems, brake systems/rotors drums etc. They can also be used for making decorative items like air intake grilles on sports cars or luxury vehicles since these require a lot of thin sheet material with high strength but low weight so they do not affect vehicle dynamics adversely.
Regional Analysis:
Asia Pacific dominated the global industry in 2017 and accounted for a revenue share of over 38%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing product demand from industries, such as aerospace & defense, automotive, construction, and land transport.
The growing population in Asia Pacific has led to an increase in consumer goods production. However, limited resources coupled with rapid urbanization have resulted in scarcity of land resources which will boost the utilization of metal matrix composite materials across various applications including infrastructure development and building & construction industries.
Growth Factors:
- Increasing demand from the aerospace and defense sectors: The metal matrix composite market is expected to grow at a CAGR of more than 7% during the forecast period, owing to the increasing demand from the aerospace and defense sectors. Metal matrix composites are being increasingly used in aircrafts and missiles due to their high strength-to-weight ratio, thermal stability, corrosion resistance, and other properties.
- Growing demand for lightweight materials: With stringent regulations being imposed on emissions by governments across the world, there is a growing demand for lightweight materials that can help reduce fuel consumption. Metal matrix composites are ideal candidates for such applications as they offer superior mechanical properties as well as weight savings over traditional metals or alloys.
- Rising popularity of electric vehicles: The metal matrix composite market is also expected to benefit from the rising popularity of electric vehicles (EVs). As EVs require lighter components compared to gasoline or diesel vehicles, metal matrix composites are likely to find increased adoption in this segment over the next few years.
- Growing investments in R&D: Leading players in the metal matrix composite market are investing heavily in R&D activities with a view to developing new products that can cater to specific application requirements. This is likely to result in increased product differentiation and technological advancements within this market over time. 5) Emerging economies offer potential growth opportunities: The metal Matrix Composite Market offers potential growth opportunities owing t othe rapid industrialization an d urban
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Matrix Composite Market Research Report
By Type
Aluminum MMC, Magnesium MMC, Refractory MMC
By Application
Land Transport, Temperature Control, Aerospace, Industrial, Other
By Companies
Materion, CPS Technologies, Gkn Sinter Metals, 3M, Metal Matrix Cast Composites, Deutsche Edelstahlwerke, Plansee, Ferrotec, Ceramtec, Sandvik
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Metal Matrix Composite Market Report Segments:
The global Metal Matrix Composite market is segmented on the basis of:
Types
Aluminum MMC, Magnesium MMC, Refractory MMC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Land Transport, Temperature Control, Aerospace, Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Materion
- CPS Technologies
- Gkn Sinter Metals
- 3M
- Metal Matrix Cast Composites
- Deutsche Edelstahlwerke
- Plansee
- Ferrotec
- Ceramtec
- Sandvik
Highlights of The Metal Matrix Composite Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum MMC
- Magnesium MMC
- Refractory MMC
- By Application:
- Land Transport
- Temperature Control
- Aerospace
- Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Metal Matrix Composite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Metal Matrix Composite is a material that is made up of metal and plastic. The metal helps to create the strength and durability of the material, while the plastic helps to create its flexibility and resilience. This makes Metal Matrix Composite an ideal choice for a variety of applications, including construction, automotive manufacturing, and medical devices.
Some of the key players operating in the metal matrix composite market are Materion, CPS Technologies, Gkn Sinter Metals, 3M, Metal Matrix Cast Composites, Deutsche Edelstahlwerke, Plansee, Ferrotec, Ceramtec, Sandvik.
The metal matrix composite market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metal Matrix Composite Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Metal Matrix Composite Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Metal Matrix Composite Market - Supply Chain
4.5. Global Metal Matrix Composite Market Forecast
4.5.1. Metal Matrix Composite Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Metal Matrix Composite Market Size (000 Units) and Y-o-Y Growth
4.5.3. Metal Matrix Composite Market Absolute $ Opportunity
5. Global Metal Matrix Composite Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Metal Matrix Composite Market Size and Volume Forecast by Type
5.3.1. Aluminum MMC
5.3.2. Magnesium MMC
5.3.3. Refractory MMC
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Metal Matrix Composite Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Metal Matrix Composite Market Size and Volume Forecast by Application
6.3.1. Land Transport
6.3.2. Temperature Control
6.3.3. Aerospace
6.3.4. Industrial
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Metal Matrix Composite Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Metal Matrix Composite Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Metal Matrix Composite Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Metal Matrix Composite Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Metal Matrix Composite Demand Share Forecast, 2019-2026
9. North America Metal Matrix Composite Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Metal Matrix Composite Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Metal Matrix Composite Market Size and Volume Forecast by Application
9.4.1. Land Transport
9.4.2. Temperature Control
9.4.3. Aerospace
9.4.4. Industrial
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Metal Matrix Composite Market Size and Volume Forecast by Type
9.7.1. Aluminum MMC
9.7.2. Magnesium MMC
9.7.3. Refractory MMC
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Metal Matrix Composite Demand Share Forecast, 2019-2026
10. Latin America Metal Matrix Composite Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Metal Matrix Composite Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Metal Matrix Composite Market Size and Volume Forecast by Application
10.4.1. Land Transport
10.4.2. Temperature Control
10.4.3. Aerospace
10.4.4. Industrial
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Metal Matrix Composite Market Size and Volume Forecast by Type
10.7.1. Aluminum MMC
10.7.2. Magnesium MMC
10.7.3. Refractory MMC
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Metal Matrix Composite Demand Share Forecast, 2019-2026
11. Europe Metal Matrix Composite Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Metal Matrix Composite Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Metal Matrix Composite Market Size and Volume Forecast by Application
11.4.1. Land Transport
11.4.2. Temperature Control
11.4.3. Aerospace
11.4.4. Industrial
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Metal Matrix Composite Market Size and Volume Forecast by Type
11.7.1. Aluminum MMC
11.7.2. Magnesium MMC
11.7.3. Refractory MMC
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Metal Matrix Composite Demand Share, 2019-2026
12. Asia Pacific Metal Matrix Composite Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Metal Matrix Composite Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Metal Matrix Composite Market Size and Volume Forecast by Application
12.4.1. Land Transport
12.4.2. Temperature Control
12.4.3. Aerospace
12.4.4. Industrial
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Metal Matrix Composite Market Size and Volume Forecast by Type
12.7.1. Aluminum MMC
12.7.2. Magnesium MMC
12.7.3. Refractory MMC
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Metal Matrix Composite Demand Share, 2019-2026
13. Middle East & Africa Metal Matrix Composite Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Metal Matrix Composite Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Metal Matrix Composite Market Size and Volume Forecast by Application
13.4.1. Land Transport
13.4.2. Temperature Control
13.4.3. Aerospace
13.4.4. Industrial
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Metal Matrix Composite Market Size and Volume Forecast by Type
13.7.1. Aluminum MMC
13.7.2. Magnesium MMC
13.7.3. Refractory MMC
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Metal Matrix Composite Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Metal Matrix Composite Market: Market Share Analysis
14.2. Metal Matrix Composite Distributors and Customers
14.3. Metal Matrix Composite Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Materion
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CPS Technologies
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Gkn Sinter Metals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. 3M
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Metal Matrix Cast Composites
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Deutsche Edelstahlwerke
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Plansee
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ferrotec
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ceramtec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sandvik
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
