Metal Matrix Composites Industry | Key Drivers And Trends Analysis Revealing Leading Players
Key Players The key players operating in the global metal matrix composites (MMCs) market include 3M (US), Ferrotec (USA) Corporation (US), Sumitomo Electrical Industry(Japan), Melrose Industries PLC (UK), Thermal Transfer composites LLC (US), Sandvik AB (Sweden), CPS Technologies Corporation (US), Schmolz + Bickenbach Group (Germany), Tisics Ltd (UK), Plansee SE (Austria), Ametek Inc. (US), Ceramtec (Germany), Materion Corporation (US), Alvant Ltd (UK), and Hitachi metal Ltd (Japan). Market Summary The Global Metal Matrix Composites (MMCs) Market was valued at USD 467.54 million in 2018 and is estimated to register a CAGR of around 6.4% during the forecast period, 2020–2027. The growth of the global metal matrix composites (MMCs) market is due to the demand for lightweight and durable parts in the automotive industry. The high-temperature resistance and high modulus of MMCs over other metals give it an upper hand in the aerospace & defense industry. Additionally, the superior