Metal Matrix Composites Market is Prophesied to Reach US$ 867.4 Million by 2033: Fact.MR Study

The global metal matrix composites market (MMC) demand is projected to be US$ 532.5 million in 2023 and expand at a CAGR of 5.0% from 2023 to 2033, according to Fact.MR report. Metal matrix composites are widely used in a number of sectors, including thermal management, ground transportation, and aerospace.

Metal matrix composites are frequently used in circumstances where weight reduction is crucial due to their excellent strength and stiffness. However, opportunities in emerging sectors like robots, rotating shafts, and other ones that run at high speeds are predicted to be the main drivers of market growth.

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Leading Player's Blueprint for Metal Matrix Composites Production
• GKN Plc
• 3M
• TISICS Ltd.
• Thermal Transfer Composites LLC
• DWA Aluminum Composites USA, Inc.
• Plansee Group
• Sandvik AB

Process adoption is likely to be adopted by manufacturers in order to cut operational costs and provide long-term growth. Also, one of the leading manufacturers is adopting ground-breaking strategies such as Plansee Group acquired Mi-Tech Tungsten metals in January 2022. This acquisition helps Plansee Group in expanding its market position across North America.

Key Statistics Supporting the Surge

• The market has experienced a growth rate of 3.0% from 2018 to 2022
• Aluminium metal matrix composites category is expected to be the most utilized product expanding at a CAGR of 3.9%
• North America dominates the metal matrix composites market, holding a share of about 28.7 % in the global market
• Collective demand for electrical & electronics and thermal expansion application is expected to expand over 5.8% during the forecast period
• 3M, GKN Plc, Materion Corporation, and ADAMA Product, Inc. are prominent metal matrix composites manufacturers

"A Skyrocketing Demand for Metal Matrix Composites in Automotive and Transportation Equipment Production is a Promising Growth Indicator" says a Fact.MR analyst

Industry Research Report

• By Product :

o Aluminium
o Copper
o Magnesium
o Super Alloys
o Refractory

• By Production Technology :

o Liquid Metal Infiltration
o Powder Metallurgy
o Casting
o Deposition Techniques

• By Application :

o Automotive & Transportation
o Aerospace & Defence
o Electrical & Electronics
o Thermal Management

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

Report Benefits & Key Questions Answered

• Metal Matrix Composites Company & brand share analysis: The report offers brand-share analysis on Metal Matrix Composites market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
• Metal Matrix Composites Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
• Metal Matrix Composites Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
• Metal Matrix Composites Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
• Metal Matrix Composites Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
• Post COVID consumer spending on Metal Matrix Composites: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Metal Matrix Composites sales.

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About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That's why focus on offering insights that can actually make a difference to bottom-lines.

This release was published on openPR.