Global Metal Matrix Composite Markets Report 2022: By Matrix Type, By Production, By End - User, Forecast 2031
According to The Business Research Company's Metal Matrix Composite market report, The global metal matrix composite market size is expected to grow from $488.39 million in 2021 to $524.83 million in 2022 at a compound annual growth rate (CAGR) of 7.5%. The global metal matrix composite market size is expected to grow to $693.74 million in 2026 at a CAGR of 7.2%.
The growth of the automotive industry is expected to fuel the growth of the metal matrix composite market in the coming years. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Metal matrix composites are used to lower vehicle weight and enhance the efficiency of automobiles. For instance, according to Statista, the global automotive industry is expected to grow to 9 trillion U.S. dollars by 2030, with new vehicle sales accounting for about 38% of this value. Electric vehicle sales are expected to increase from 2.5 million in 2020 to 3.4 million in 2021 and 31.1 million in 2030. Therefore, the expansion of the automotive industry propels the growth of the metal matrix composite market.
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The Metal Matrix Composite market is segmented -
By Type: Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC, Other Matrix Types
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Metal Matrix Composite market.
Major competitors in the Metal Matrix Composite market include 3M, CPS Technologies, GKN Sinter Metals, CeramTec, Ferrotec Corporation, Sandvik, Plansee, ADMA Products, Metal Matrix Cast Composites LLC, and TISICS.
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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 Table Of Content For The Metal Matrix Composite Market Include:
1. Metal Matrix Composite Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction to the Metal Matrix Composite market
25. Key Mergers And Acquisitions In The Metal Matrix Composite Market
26. Market Background: Nursing Care
27. Metal Matrix Composite Market Opportunities And Strategies
28. Metal Matrix Composite Market, Conclusions And Recommendations
The Business Research Company's "Global Metal Matrix Composite Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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