Global Metal Matrix Composite Market Size By Type (Aluminum, Nickel, Refractory), By Reinforcement Materials (Aluminum Oxide, Silicone Carbide, Titanium Carbide), By End-User (Aerospace and Defense, Automotive and Transportation), By Geographic Scope And Forecast

Metal Matrix Composite Market Size And Forecast

Metal Matrix Composite Market size was standing at USD 532.5 Million in 2022 and is estimated to stand at USD 867.4 Million by 2030, registering a CAGR of 5.0% from 2024 to 2030.

The surging demand for these materials for lightweight and high-performance activities in the aerospace and automotive sector is expected to propel the market in the forecast period. Owing to their heavy mechanical properties and high scope of application, it has extensive demand in the automotive and aerospace segment. The Global Metal Matrix Composite Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Metal Matrix Composite Market Definition

Metal, alloy, or intermetallic compositions combined with different particles, whiskers, or continuous fibers are known as Metal Matrix Composite. They are made by stacking and gluing several layers of metals or alloys to increase strength and damage tolerance. They are intended to provide several advantages, including increased strength, improved wear and creep resistance, increased damping, and less thermal expansion. In addition, MMCs offer excellent shear strength, improved abrasion resistance, nonflammability, and little fuel and solvent attack, and may be made and treated using standard tools.

Due to MMCs’ ability to function in hot environments, they are also used in brake rotors, pistons, and other automotive parts. It, therefore, has a wide range of uses in the global aerospace, defense, electronics, marine, and packaging sectors. Due to their superior thermo-physical characteristics, such as a low coefficient of thermal expansion, a high degree of thermal conductivity, and increased mechanical characteristics, such as higher specific strength, better wear resistance, and specific modulus, Al and Cu reinforced by SiC are used in a variety of industries.

Global Metal Matrix Composite Market Overview

Automobile and aerospace component makers are under pressure to reduce automobile emissions due to a growing focus on environmental problems and tight pollution control regulations. The curb weight of a vehicle, which significantly improves fuel economy and reduces pollutants, is one of the most important elements determining vehicle emissions and fuel efficiency. Over the following years, this is projected to increase demand for Metal Matrix Composite. One of the main factors driving the market’s expansion is the aerospace industry’s growing need for lightweight, high-performance materials to improve fuel economy due to rising fuel prices.

In addition, increasing public knowledge of MMCs’ advantages over metals provides industry investors with attractive development prospects. Additionally, refractory materials, including tungsten, niobium, rhenium, and molybdenum, are in higher demand worldwide. The market is favorably impacted by this and the expanding need for dependable and high-precision equipment in the electronics sector.

Global Metal Matrix Composite Market Segmentation Analysis

The Global Metal Matrix Composite Market is Segmented on the Basis of Type, Reinforcement Materials, End-User, And Geography.

Metal Matrix Composite Market, By Type

• Aluminum
• Nickel
• Refractory
• Others

Based on Type, The global market is distributed into Aluminum, nickel, refractory, and others. The aluminum segment accounted for the highest market share. Aluminum Metal Matrix Composite have achieved moderate strength, lightweight and high rigidity.

Metal Matrix Composite Market, By Reinforcement Materials

• Aluminum Oxide
• Silicone Carbide
• Titanium Carbide
• Others

Based on Reinforcement Materials, The Global Metal Matrix Composite Market is further distributed into aluminum oxide, silicon carbide, titanium carbide, and others. The silicon carbide segment will lead the market with the highest share as it is the most widely used reinforcement material in the global Metal Matrix Composite Market.

Metal Matrix Composite Market, By End-User

• Aerospace and Defense
• Automotive and Transportation
• Industrial
• Electrical and Electronics
• Others

Based on End-User, The global Metal Matrix Composite Market is bifurcated into aerospace and defense, automotive and transportation, industrial, electrical and electronics, and others. The automotive and transportation segment will lead the market because of the rising use of these materials in the automotive sector for lightweight and high-performance properties.

Metal Matrix Composite Market, By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Based on Geography, the Global Metal Matrix Composite Market is divided into Asia Pacific, North America, the Middle East, Europe and Africa, and Latin America. North America will lead the global market due to the presence of critical automotive, aerospace, and defense players. The United States is a hub for well-established aircraft manufacturers and automobile players.

Key Players

The “Global Metal Matrix Composite Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 3M Company, CPS Technologies Corporation, ADMA Products Inc., CeramTec GmbH, Denka Company Limited, Deutsche Edelstahlwerke Services GmbH, Ferrotec Holdings Corporation, DWA Aluminum Composites USA Inc. Materion Corporation, Melrose Industries plc, and Plansee Group.

Our market analysis also entails a section dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• In January 2022, Plansee Group agreed to acquire Mi-Tech Tungsten Metals. The acquisition will lead Plansee Group to expand its current market position for tungsten products in North America.
• In March 2021, Alvant, a specialist in producing aluminum matrix composite materials, signed an MoU for a strategic collaboration with 3M to enhance Metal Matrix Composite technology for real-world applications.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Metal Matrix Composite Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Metal Matrix Composite Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years