Market Research Blog

 The metal matrix composites (MMCs) market has witnessed substantial growth and is poised for further expansion due to the increasing demand for lightweight, high-strength materials in various industries. MMCs are a type of composite material where a metal matrix is reinforced with high-performance ceramic, intermetallic, or carbon fibers. These composites offer a unique combination of properties, including high strength, stiffness, wear resistance, thermal conductivity, and low density, making them ideal for applications in aerospace, automotive, electronics, and defense sectors. One of the key drivers of the MMCs market is the aerospace industry. MMCs find extensive use in aerospace applications due to their exceptional strength-to-weight ratios, which contribute to fuel efficiency and improved performance. These composites are employed in structural components such as aircraft wings, fuselages, engine parts, and landing gear. The aerospace foam industry's focus on reducing w

  Market Summary The Global Metal Matrix Composites (MMCs) Market Size was valued at USD 467.54 million in 2018 and is estimated to register a CAGR of around 6.4% during the forecast period. 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 properties such as high electrical conductivity and wear resistance are increasing the demand for MMCs in the electronics and construction industries. Segmental Analysis The global Metal Matrix Composites (MMCs) Market has been segmented based on product type, end-use industry, and region. By product type, the global market has been classified into aluminum, nickel, refractory, copper, and others. Among these, the aluminum MMCs due to the high tensile strength, low density, and high wear resi

  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). Regional Analysis Asia-Pacific, Latin America, North America, Europe, and the Middle East & Africa are the regions analyzed under the scope of the market. North America was the leading market in 2018 and is expected to register the highest CAGR during the forecast period. Asia-Pacific held the second-largest market share in 2018, which is followed by Europe. The Latin American and the Middle East & African markets are expected to witness slow growth during the forecast period. Market Summary