Press release
Rising Automotive Industry Production Drives Growth In The Metal Matrix Composite Market: A Key Driver Powering Metal Matrix Composite Market Growth In 2025
Metal Matrix Composite Market
What Is the Current Metal Matrix Composite Market Size and Its Estimated Growth Rate?
In recent times, the market for metal matrix composites has seen significant growth. The market size, which is projected to increase from $0.59 billion in 2024 to $0.63 billion in 2025, boasts a compound annual growth rate (CAGR) of 6.4%. This growth during the historical phase can be ascribed to booming economies in developing markets, swift expansion of the automotive sector, a burgeoning demand for lightweight materials in the aerospace and defense industries, as well as increased government backing.
The market size of the metal matrix composite is predicted to experience robust growth in the upcoming years, rocketing to a value of $0.82 billion by 2029 at a 7.1% compound annual growth rate (CAGR). This surge in the forecasted period is mainly due to the escalating demand in various applications, an uptick in the necessity for powder metallurgy, and a growing need for aluminum parts. Key trends during this forecast period will revolve around contributions towards technological advancements to satisfy customers' demands and gain an upper hand over competitors in the same sector, putting resources into aircraft manufacturing courtesy of MMC's affordability and versatility, engineering MMC's equipped with self-repairing features, and targeting the industry of electrical devices because of their need for high heat resistance.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5173
How Are Emerging Segments Shaping the Metal Matrix Composite Market Landscape?
The metal matrix composite market covered in this report is segmented -
1) By Matrix Type: Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC, Other Matrix Types
2) By Production Technology: Liquid Metal Infiltration, Powder Metallurgy, Casting, Deposition Techniques
3) By End-Use Industry: Automotive And Transportation, Aerospace And Defense, Electrical And Electronics, Industrial, Other End-User Industries
Subsegments:
1) By Aluminum MMC: Aluminum-Silicon Composites, Aluminum-Copper Composites, Aluminum-Zinc Composites
2) By Magnesium MMC: Magnesium-Aluminum Composites, Magnesium-Lithium Composites, Magnesium-Zinc Composites
3) By Copper MMC: Copper-Aluminum Composites, Copper-Graphite Composites, Copper-Ceramic Composites
4) By Super Alloys MMC: Nickel-Based Super Alloys, Cobalt-Based Super Alloys, Iron-Based Super Alloys
5) By Other Matrix Types: Titanium MMC, Zirconium MMC, Other Metal Composites
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5173&type=smp
Which Growth Factors Are Influencing Metal Matrix Composite Market Expansion?
The expansion of the automotive industry is predicted to boost the metal matrix composite market in the upcoming years. This industry includes a diverse set of businesses and establishments partaking in automobile design, manufacturing, marketing, and sales. Metal matrix composites are leveraged to reduce the weight of vehicles and improve their efficiency. For example, a report by the European Automobile Manufacturers' Association (ACEA) in May 2023 revealed that global automobile production increased by 5.7% to 85.4 million in 2022, compared to the previous year. Furthermore, data from the International Organization of Motor Vehicle Manufacturers, a 36-national trade association, showed a growth in the production of cars and commercial vehicles from 80,145,988 in 2021 to 85,016,728 in 2022. Therefore, the thriving automotive industry is driving the growth of the metal matrix composite market.
Who Are the Dominant Players Across Different Metal Matrix Composite Market Segments?
Major companies operating in the metal matrix composite market include Materion Corporation, CPS Technologies Corporation, CeramTec, Ferrotec Holdings Corporation, DWA Aluminum Composites USA, GKN Sinter Metals, 3M, Plansee SE, Sandvik, Thermal Transfer Composites LLC, Sumitomo Electric Industries, Ametek, Denka China Baowu Group, NANJING YUNHAI SPECIAL METALS Co. Ltd, QingHai Salt Lake Industry Co. Ltd, Uyemura & Co. Ltd, Kennametal Inc., DAT Alloytech Company Limited, Deutsche Edelstahlwerke GmbH, 3A Composites, TISIC Metal Composites, Tenmat, ArcelorMittal, ThyssenKrupp, Tata Steel, Gibraltar Industries, Mi-Tech Tungsten Metals LLC, Metal Matrix Cast Composites LLC, Santier Inc., Adma Products Inc., MMC Group, AAT Composites
What Metal Matrix Composite Market Trends Are Gaining Traction Across Different Segments?
Technological progression is driving the evolution of the metal matrix composite market. Top-tier institutions and enterprises are concentrating on projects that use advanced composite materials for manufacturing industries. An example of this is the launch of A5083-RAM5 by Elementum 3D, a U.S. company that produces metal additive materials, in May 2023. This aluminum alloy is specifically designed for laser powder bed fusion (LPBF) additive manufacturing and incorporates Elementum 3D's unique reactive additive manufacturing (RAM) technology. This innovative approach offers exceptional printability, superior strength, and uniform properties without the need for heat treatment. With up to 2.9 times the yield strength of typical 5083 alloys, it is suitable for high-demand applications in aerospace, marine, and energy sectors. Furthermore, its composition promotes a reliable supply chain and reduces post-processing time and expenditures.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/metal-matrix-composite-global-market-report
Which Geographic Regions Are Expected to Dominate the Metal Matrix Composite Market in the Coming Years?
North America was the largest region in the metal matrix composite market in 2024. Asia-Pacific was expected to be the fastest region in the forecast period. The regions covered in the metal matrix composite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Metal Matrix Composite Market?
2. What is the CAGR expected in the Metal Matrix Composite Market?
3. What Are the Key Innovations Transforming the Metal Matrix Composite Industry?
4. Which Region Is Leading the Metal Matrix Composite Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising Automotive Industry Production Drives Growth In The Metal Matrix Composite Market: A Key Driver Powering Metal Matrix Composite Market Growth In 2025 here
News-ID: 4004686 • Views: …
More Releases from The Business Research Company
Future of the Liquid Ring Vacuum Pumps Market: Trends, Innovations, and Key Fore …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
Liquid Ring Vacuum Pumps Market Size Growth Forecast: What to Expect by 2025?
In recent times, the market size for liquid ring vacuum pumps has registered sturdy growth. The market, which was valued at $2.38 billion in 2024, is expected to swell to $2.6 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Liposuction Surgery Devices Market Poised to Hit $3.78 Billion by 2029 with Acce …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
Liposuction Surgery Devices Market Size Growth Forecast: What to Expect by 2025?
The market size for liposuction surgical equipment has experienced rapid expansion in the past few years. The market is projected to escalate from a value of $1.95 billion in 2024 to $2.22 billion by 2025, posting a compound annual growth rate (CAGR)…
Navigating the Future: LiDAR Market Trends and Forecast Insights, 2025 Edition
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
LiDAR Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the LiDAR market has witnessed substantial enlargement. It is forecasted to escalate from a worth of $2.54 billion in 2024 to $3.03 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 19.1%. The historical period's expansion can…
Strategic Forecast for the Learning Management System (LMS) Industry: Market Out …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
Learning Management System (LMS) Market Size Growth Forecast: What to Expect by 2025?
The market size of the Learning Management System (LMS) has been increasing rapidly over the past few years. The market value is projected to rise from $20.07 billion in 2024 to $22.96 billion in 2025, with a Compound Annual Growth Rate…
More Releases for Composite
Assured Composite® Presents the Best of Composite Decking
Assured Composite® ensures customer happiness by providing high-quality wood plastic composite decking, to consumers across the United Kingdom and beyond.
Leicestershire, England - UK | January 25, 2022 -- Customer satisfaction is ensured by Assured Composite®, which provides high-quality wood plastic composite decking, to customers in the United Kingdom and beyond. Because of their forward-thinking staff's attention to efficiency, quality, and customer service, customers can anticipate a hassle-free end-to-end solution at…
Global Wind Turbine Composite Materials Market, Global Wind Turbine Composite Ma …
The wind turbine composite material forms an important component of wind turbine for the production of turbine rotor blade. This composite material is made up of matrix & fiber to provide physical strength and distributes loads in composite. The matrix material acts as a binder and maintains spacing of the fiber material, therefore protecting the fiber from environmental & abrasion damage. The composite material manufactured from the fortification of matrix…
Composite Kitchen Sinks Market
Dulcimer Instruction Market
The Global Dulcimer Instruction Market 2019 Research Report incorporates a total and careful investigation of Dulcimer Instruction industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Dulcimer Instruction development patterns, assortment of uses, use volume, request and supply examination, creation limit and Dulcimer Instruction industry cost structures amid Forecast period from 2019 to 2025.
The report titled Global Dulcimer Instruction Market 2019…
Global Composite Springs Market 2018-2025 MW Industries, Liteflex LLC, IFC Compo …
Market study on Global Composite Springs Market 2018 Research Report presents a professional and complete analysis of Global Composite Springs Market on the current market situation.
Report provides a general overview of the Composite Springs industry 2018 including definitions, classifications, Composite Springs market analysis, a wide range of applications and Composite Springs industry chain structure. The 2018's report on Composite Springs industry offers the global Composite Springs development history,…
Competitive Scenario: Carbon Fiber Composite Market By Key Players: Aeron Compos …
Qyresearchreports include new market research report Carbon Fiber Composite to its huge collection of research reports.
This report studies the global Carbon Fiber Composite market status and forecast, categorizes the global Carbon Fiber Composite market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central &…
Aluminum Composite Panels Market Potential 2017-2025 : Alubond USA, Alcoa, and 3 …
Global Aluminum Composite Panels Market: Overview
The global aluminum composite panels market is foretold to achieve the spotlight due to increasing demand for the fire-resistant variety. As consumers become conscious about their personal and property’s safety, fire-resistant aluminum composite panels could gain more demand, especially because of the need for protection against fire in enclosed spaces such as buildings. Moreover, other attributes of regular aluminum composite panels are not said to…
