A recent report published by Infinium Global Research on metal
matrix composites market provides in-depth analysis of segments and
sub-segments in the global as well as regional metal matrix composites market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional metal matrix composites market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global metal matrix composites market.
According to the report, the global metal matrix composites market is projected
to grow at a CAGR of 6.46% over the forecast period of 2019-2025.
The composition materials or composite materials have found their
application in numerous end-use industries including automobiles, aerospace,
electronics, and defense. The composite materials exhibit excellent physical
and chemical properties such as stiffness, strength, and lightweight. The metal
composite materials display better mechanical properties than their metal
counterparts. The growing demand from various end-use industries for metal
matrix composites due to their superior physical properties is driving the
market. The metal matrix composites market is highly competitive in terms of
pricing and the operating rate for manufacturers. The key players in the market
including Materion Corporation, Sandvik AB, Plansee SE, GKN PLC, 3M Company,
CPS Technologies Corporation and others are focusing on vertical integration
and product development.
The growing demand for lightweight components for the automotive
industry is the major driving factor for the growth of the metal matrix
composites market. The automakers are searching for a lightweight and strong
material for components that would reduce the overall weight of the vehicle.
This helps in making the vehicles more fuel-efficient and lower emission
levels. Furthermore, the rising need for high-performance material for
aerospace and marine industry is supporting the demand for metal matrix
composites. The aerospace and marine industries require components with
superior physical properties. This, in turn, increases the demand for metal
matrix composites from aerospace and marine industries. Additionally, the
increase in the disposable income of the population is expected to boost the
metal matrix composites market further. However, the high set up costs of the
production systems are the major restraining factor for the growth of the metal
matrix composites market. Nevertheless, the growing adoption of metal matrix
composites in military-specific vehicles and aircraft is expected to offer
lucrative opportunities for the key players in the metal matrix composites
In terms of region, North America held the highest market share,
dominating the global metal matrix composites market. The dominance of the
North America market attributed to the high demand from the automotive and
aerospace sector for lightweight and strong materials. Moreover, the presence
of the well-established MMC in the region is anticipated to propel the growth
of the North American metal matrix composites market. While the Asia-Pacific
region registered the highest growth rate for metal matrix composites market owing
to the rapidly expanding automotive and electronics industries.
The report on global metal matrix composites market covers
segments such as product type and end-use. On the basis of product type, the
sub-markets include aluminum MMC, magnesium MMC, nickel MMC, refractory MMC,
and other product types. On the basis of end-use, the sub-markets include
ground transportation, electronics/thermal management, aerospace, industrial,
and other end-uses.
The report provides profiles of the companies in the market such
as Materion Corporation, Sandvik AB, Plansee SE, GKN PLC, 3M Company, CPS
Technologies Corporation, Sumitomo Electric Industries, Ltd., Deutsche
Edelstahlwerke GmbH, Hitachi Metals, Ltd., and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of metal matrix
composites market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.