Metal Matrix Composites Market Projected To Be Resilient During 2031
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Metal matrix composites (MMCs) are a combination of two or more materials that have different properties. They are created by diffusing a strengthening material into a metal matrix. Various processes used for the manufacturing of MMCs are generally classified into liquid-state and solid-state processes, based on the temperature of the metallic matrix during the processing.
These composites comprise metal alloys reinforced with fibers, particulates, whiskers, or wires. Metal matrix composites have extensive demand in aerospace and automotive industries owing to their superior mechanical properties and a wide scope of application.
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One of the most vital factors that affects vehicular pollution and fuel efficiency is curb weight, reduction of which, drastically increases fuel efficiency and reduces pollution. This, in turn, is anticipated to boost demand for metal matrix composites over the coming years, as they aid in vehicle weight reduction.
Key Takeaways from Market Study
Global metal matrix composites market to top US$ 630 Mn by 2031.
Aluminum metal matrix composites projected to reach around US$ 270 Mn by 2031.
Refractory metal matrix composites projected to record above 4% CAGR over next 10 years.
Market in Europe to record 3% CAGR over forecast period of 2021- 2031.
U.S. market likely to expand at CAGR of 4% through 2031.
North America is the most lucrative region and will generate over 50% revenue by 2031.
Market in India projected to expand at above 3% CAGR over the decade.
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Key Segments in Metal Matrix Composites Industry Research
Aluminum Metal Matrix Composites
Copper Metal Matrix Composites
Magnesium Metal Matrix Composites
Super Alloys Metal Matrix Composites
Refractory Metal Matrix Composites
Liquid Metal Infiltration
Metal Matrix Composites for Automotive & Transportation
Metal Matrix Composites for Aerospace & Defense
Metal Matrix Composites for Electrical & Electronics
Metal Matrix Composites for Thermal Management
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Crucial insights in the Metal Matrix Composites Market research:
Underlying macro- and microeconomic factors impacting the growth of the Metal Matrix Composites Market Basic overview of the Metal Matrix Composites Market including market definition, classification, and applications.
Scrutinization of each Metal Matrix Composites Market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of Metal Matrix Composites Market across various industries.
Important regions and countries offering lucrative opportunities to Metal Matrix Composites Market stakeholders.
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