(2022-2031) Metal Matrix Composite Global Market Analysis And Forecast | Technologies, Demand, Growth, Research And Development
According to The Business Research Company's metal matrix composites market report, The global metal matrix composite market reached a value of nearly $455.34 million in 2020, having increased at a compound annual growth rate (CAGR) of 6.34% since 2015. The metal matrix composite market is expected to grow from $455.34 million in 2020 to $649.33 million in 2025 at a rate of 7.38%. The metal matrix composite market is then expected to grow at a CAGR of 6.87% from 2025 and reach $905.15 million in 2030.
Powder metallurgy is the most widely used technology to manufacture metal matrix composites. According to the TBRC estimates, powder metallurgy technology contributed a revenue share of 44.8% in the overall market in 2020. This high demand is attributed to increased adoption of hot pressing, ball mill mixing, extrusion, and vacuum pressing technology to manufacture metal matrix composite. Additionally, its compatibility with various materials and the increasing demand for powder metallurgically produced MMC products from industries, such as aerospace and ground transportations, are expected to drive the MMC market in powder metallurgy production technology. For instance, in 2019, Lima Corporate, a US-based company, commercialized hip cup implants produced using power metallurgy manufacturing. The company announced that it will open an on-site additive manufacturing facility at a hospital located in New York by 2020. Thus, increased demand of powder metallurgy will drive the metal matrix composite market during the forecast period.
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The metal matrix composites market is segmented -
• By Matrix Type: Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC
• 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 composites market.
Major competitors in the metal matrix composites market include Materion Corporation, CPS Technologies Corporation, CeramTec, Ferrotec Holdings Corporation, DWA Aluminum Composites USA
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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) is a composite material made up of two constituent parts, of which at least one is metal and other material may be a different metal or another material. MMCs are a class of materials (metals, alloys, or intermetallic compounds) that have been reinforced with particles, whiskers, or continuous fibers. MMCs can be excellent substitutes to conventional materials owing to their hardness, specific strengths, and creep resistance.
The Table Of Content For The Metal matrix composites Market Include:
1. Metal matrix composites Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
22. Metal matrix composites Market Opportunities And Strategies
23. Metal matrix composites Market, Conclusions And Recommendations
The Business Research Company's "Global Metal matrix composites 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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