Metal Matrix Composites Market Journey to US$ 867.4 Million By 2033

Based on Fact.MR analysis, the global Metal Matrix Composites Market (金属マトリックス複合材料市場) demand (MMC) is projected to reach US$ 532.5 million in 2023 and rise at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2033. Metal matrix composites are widely used in aerospace, ground transportation, and thermal management. Because of their great strength and rigidity, metal matrix composites are often utilized in situations where weight reduction is essential. Notwithstanding, prospects in nascent domains such as robotics, rotating shafts, and other rapidly evolving industries are anticipated to propel market expansion during the anticipated duration.

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The low coefficient of thermal expansion possessed by MMCs can be altered depending on the application, which enables the use of MMCs in lasers, fine equipment, and electronic packaging, among others. Due to recent developments in the MMC industry, MMCs have significant growth potential in the aforementioned applications.

In the metal matrix composite market creating a low-cost, highly reliable manufacturing process is a major challenge. MMCs manufacturing technologies still need to be developed for mass production uses.

Key Takeaways from Market Study

The market has experienced a growth rate of 3.0% from 2018 to 2022

Aluminium metal matrix composites category is expected to be the most utilized product expanding at a CAGR of 3.9%

North America dominates the metal matrix composites market, holding a share of about 28.7 % in the global market

Collective demand for electrical & electronics and thermal expansion application is expected to expand over 5.8% during the forecast period

3M, GKN Plc, Materion Corporation, and ADAMA Product, Inc. are prominent metal matrix composites manufacturers

"A Skyrocketing Demand for Metal Matrix Composites in Automotive and Transportation Equipment Production is a Promising Growth Indicator" says a Fact.MR analyst

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Leading Player's Blueprint for Metal Matrix Composites Production

Prominent metal matrix composites manufacturers Materion Corporation, GKN Plc, 3M, ADMA Products, Inc., TISICS Ltd., Thermal Transfer Composites LLC, Sandvik AB, Mi-Tech Tungsten Metals, LLC, AMETEK Specialty Metal Products, Santier, Inc., and Ceram Tec.

Process adoption is likely to be adopted by manufacturers in order to cut operational costs and provide long-term growth. Also, one of the leading manufacturers is adopting ground-breaking strategies such as Plansee Group acquired Mi-Tech Tungsten metals in January 2022. This acquisition helps Plansee Group in expanding its market position across North America.

Segmentation of Metal matrix composites Industry Research Report (Mercado de compuestos de matriz metálica)

By Product :
Aluminium
Copper
Magnesium
Super Alloys
Refractory

By Production Technology :
Liquid Metal Infiltration
Powder Metallurgy
Casting
Deposition Techniques

By Application :
Automotive & Transportation
Aerospace & Defence
Electrical & Electronics
Thermal Management

By Region :
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the global metal matrix composites market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of product (aluminum, copper, magnesium, super alloys, refractory), production technology (liquid metal infiltration, powder metallurgy, casting, deposition techniques), and application (automotive & transportation, aerospace & defense, electrical & electronics, thermal management), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

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