Metal Matrix Composite Market 2021 Global Manufacturers –3M; CPS Technologies; GKN Sinter Metals; CeramTec; Ferrotec Corporation; Sandvik; Plansee

Metal Matrix Composite Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The global metal matrix composites market is expected to grow from $329.11 million in 2020 to $352.76 million in 2021 at a compound annual growth rate (CAGR) of 7.2%.

Top leading Companies Profiled in Metal Matrix Composite Market Report are 3M; CPS Technologies; GKN Sinter Metals; CeramTec; Ferrotec Corporation; Sandvik; Plansee; ADMA Products; Metal Matrix Cast Composites LLC; TISICS; DWA Aluminum Composites; Mi-Tech Tungsten Metals; AMETEK Specialty Metals Products; Santier; Denka Company

Market Overview

The growth is mainly due to the increasing usage of MMC in the automotive & transportation and aerospace sector, growing focus on performance enhancement, rising concerns regarding environmental degradation and increasing levels of carbon emissions. The market is expected to reach $539.66 million in 2025 at a CAGR of 11.2%.

The metal matrix composite market consists of sales metal matrix composites by entities (organizations, sole traders, and partnerships) that manufacture metal matrix composite materials. Metal matrix composites (MMCs) are a class of materials (metals, alloys, or intermetallic compounds) that have been reinforced with particles, whiskers, or continuous fibers. MMCs are excellent substitutes to conventional materials owing to their hardness, specific strength, and creep resistance.

The main types of metal matrix composites are aluminum MMC, magnesium MMC, copper MMC, superalloys MMC, and others. Aluminum is a chemical compound that is a light, silver-colored metal that is mostly utilized in the manufacture of cooking equipment and aircraft components. Aluminum metal matrix composites (AlMMCs) are a type of material that has shown to fulfill the majority of the stringent requirements in applications requiring lightweight, high stiffness, and moderate strength. Magnesium matrix composites have been developed for the space industry thank to the low density of magnesium and its alloys. Copper matrix composites are superior compared with other MMCs. Some equipment in particle accelerators such as Radio Frequency Quadrupoles (RFQs) or electron targets use copper MMC compounds such as Glidcop to retain the material properties of copper at high temperatures and radiation levels. Super alloys are commonly used as candidate materials for manufacturing gas turbine blades, where they operate at higher temperatures and speeds. The various production technologies include liquid metal infiltration, powder metallurgy, casting, deposition techniques. Metal matrix composites are used in various sectors such as automotive and transportation, aerospace and defense, electrical and electronics, industrial, among others.

Regional Analysis:

North America was the largest region in the metal matrix composite market in 2020. Asia Pacific was expected to be the fastest region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the metal matrix composite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

Metal Matrix Composite Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global metal matrix composite market.

The growing technological advancements are 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 found enormous applications in the aerospace, automobile, and other structural applications. Compared with the conventional processes such as casting and powder metallurgy, AMMCs processed by additive manufacturing show a significant difference between microstructure and properties. Further, in 2019, the CSIR-National Institute for Interdisciplinary Science and Technology launched an Indo-German project on innovative composite materials involving near-net shape (NIIST) technology. The objective of the new CSIR-NIIST project is to produce lightweight near-net form carbon-fiber-reinforced aluminum composites and parts for the automotive and aerospace sectors.

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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News and Updates

In July 2019, ITT Inc., a US-based designer, and manufacturer of highly engineered connector solutions acquired Matrix Composites, Inc. for a deal amount of $29 million. The acquisition is expected to broaden ITT's ability to service aerospace clients by providing a larger range of composites capabilities, as well as expanding ITT's product line to include aerospace composite technology. Matrix Composites, Inc. is a US-based company that designs and manufactures high-performance composite components specializing in critical applications in various industries.

Key Takeaways from Metal Matrix Composite Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Metal Matrix Composite market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Metal Matrix Composite market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Metal Matrix Composite

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In conclusion, the Metal Matrix Composite market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Metal Matrix Composite Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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