Metal Matrix Composites Market Expected To See Increased Growth By 2031 – Fastbreak Daily

According to TMR, the global metal matrix composites market is worth $ 441.58 million in 2017 and is expected to reach $ 894.32 million by 2026, with a CAGR of 8.2% during the forecast period. Some of the key factors influencing market growth include increasing demand for light and strong MMC from ground transportation industry, increasing demand for weight reduction from automotive industry and strength and modulus higher specifics compared to metals. However, complicated manufacturing process is holding back the growth of the market.

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Metal Matrix Composites (MMCs) are composite materials made of a metal and a secondary ingredient which may be a different metal or a non-metallic material such as a ceramic or an organic compound. The main characteristics associated with metal matrix composites are the provision of superior mechanical and physical properties such as tensile strength, fire resistance and moisture resistance and can be used over a wide temperature range.

Based on product type, refractory matrix materials are expected to experience substantial growth in demand over the next seven years due to multi-utility in several application segments including tools, control rods reaction systems, chemical reaction catalysts, solar panels and spacecraft exteriors.

By geography, North America is expected to grow to a significant market share during the forecast period. This is due to the presence of established MMC manufacturers and the increased consumption of MMC in the aerospace and transportation industries in the region.

Some of the major players in the global metal matrix composites market are Sumitomo Electric Industries Ltd., ADMA Products, Inc., 3M, Ceradyne, Inc., Sandvik AB, Plansee SE, Metal Matrix Cast Composites LLC, GKN PLC, Materion Corporation, Hitachi Metals, Ltd., CPS Technologies Corporation, 3A Composites, Deutsche Edelstahlwerke GmbH, TISICS Ltd., Thermal Transfer Composites LLC, and Ferrotec Corporation.

Production technologies covered:
• Powder metallurgy
• Liquid metal infiltration
• Deposition techniques
• Casting

Types of products covered:
• Refractory metal matrix composite
• Composite with a magnesium metal matrix
• Aluminum metal matrix composite
• Nickel metal matrix composite
• Super MMC alloy
• Copper MMC
• Other types of products

Types of reinforcement covered:
• Discontinuous reinforcement
• Particle
• Continuous reinforcement

End-use industries covered:
• Aerospace
• Land transportation
• Industrial
• Electronics and thermal management
• Automotive
• Other applications

Regions covered:
• North America
o United States
o Canada
o Mexico
• Europe
o Germany
UK
Italy
France
o Spain
o Rest of Europe
• Asia Pacific
Japan
o China
India
Australia
o New Zealand
o South Korea
o Rest of Asia-Pacific
• South America
o Argentina
Brazil
o Chile
o Rest of South America
• Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Qatar
South Africa
o Rest of the Middle East and Africa

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