DUBLIN, May 12, 2022–(BUSINESS WIRE)–The report “Global Metal Matrix Composites Market Opportunities and Strategies to 2030, by Matrix Type, Production Technology, End-Use Industry” has been added to from ResearchAndMarkets.com offer.
The global metal matrix composites market reached a value of nearly $455.34 million in 2020, having grown at a compound annual growth rate (CAGR) of 6.34% since 2015. The market is expected to grow from $455.34 million in 2020 to $649.33 million in 2025 at a rate of 7.38%. The market is then expected to grow at a CAGR of 6.87% from 2025 and reach $905.15 million in 2030.
This report describes and explains the global Metal Matrix Composites market and covers 2015 to 2020 called historical period and 2020 to 2025 called forecast period and other forecasts for the period 2025-2030. The report assesses the market in each region and for the major economies in each region.
Historical period growth factors include strong economic growth in emerging markets, rapid growth in the automotive industry, growing demand for lightweight materials in the aerospace and defense industry, and increased government support. The market was held back by free trade restrictions, a complicated manufacturing process and rising metal product costs.
In the future, increased demand in various applications, increased demand for powder metallurgy and growing demand for aluminum components will drive the growth of the metal matrix composites market. Factors that may hamper the market growth in the future include coronavirus pandemic, high cost of powder metallurgy, and global recession.
The metal matrix composites market is segmented by matrix type into aluminum MMC, magnesium MMC, copper MMC, superalloy MMC and others. The aluminum MMC market was the largest segment in the metal matrix composites market, accounting for 44.3% of the total in 2020. Going forward, the aluminum MMC market segment is expected to be the growing segment fastest growing metal matrix composites market at a CAGR of 7.3% during 2020-2025.
The metal matrix composites market is segmented by production technology into liquid metal infiltration, powder metallurgy, casting and deposition techniques. The powder metallurgy market was the largest segment of the metal matrix composites market segmented by production technology, accounting for 44.8% of the total in 2020. Going forward, the metal matrix composites market segment of Powder Metallurgy by Production Technology is growing at a CAGR of 7.4% during 2020-2025.
The metal matrix composites market is segmented by application into automotive & transportation, aerospace & defense, electrical & electronics, industrial and others. The automotive and transportation market was the largest segment of the metal matrix composites market segmented by application, accounting for 40.4% of the total in 2020. Going forward, the automotive and transportation market segment transportation is expected to be the fastest growing segment of metal matrix. composite market segmented by application, at a CAGR of 7.2% over the period 2020-2025.
North America was the largest region in the metal matrix composites market, accounting for 36.5% of the total in 2020. It was followed by Asia-Pacific, Western Europe, and then other regions. Going forward, the fastest growing regions in the metal matrix composites market will be Asia-Pacific, where the growth will reach a CAGR of 8.5% during the period 2020-2025. This is followed by South America and Western Europe, where the markets are expected to register CAGRs of 7.9% and 7.8% respectively during the period 2020-2025.
The global metal matrix composites market is relatively fragmented, with a large number of small players. The top ten market competitors accounted for up to 30.75% of the total market in 2020. Major market players are Materion Corporation, CPS Technologies Corporation, CeramTec, Ferrotec Holdings Corporation, and DWA Aluminum Composites.
The main growth potential of the metal matrix composites market by matrix type will lie in the aluminum MMC market, which will achieve $85.6 million in global annual sales by 2025. The main growth potential of the metal matrix composites market by production technology will arise in the powder metallurgy market. , which will earn $87.0 million in global annual sales by 2025. The main growth potential for the metal matrix composites market by end-use industries will be in the automotive and transportation market at $76.4 million.
Strategies based on the market trends for Metal Matrix Composite include that companies in the Metal Matrix Composite market are expected to invest in technological advancements to meet customer demand and gain a competitive advantage over other players operating in industry, should consider investing in aircraft manufacturing due to MMC’s low cost and versatility, manufacturers should consider targeting applications in the automotive industry due to the properties of light weight and corrosion resistance of MMC, to consider developing MMC with self-healing capabilities, and to target the electrical appliance industry due to its high heat demand. resistance.
Key Mergers and Acquisitions in the Metal Matrix Composites Market
CPPIB and British Columbia acquired CeramTec
Goldman Sachs Group Inc. acquired CPS Technologies Co.
Alvant merges with 3M to form partnership
TVS Group has acquired a minority stake in an Italian company
GKN Powder Metallurgy Acquired Forecast 3D
ITT Inc. acquired Matrix Composites, Inc.
Accuride Corporation acquired Century-3
Main topics covered:
1. Summary of Metal Matrix Composites Market
2. Table of Contents
3. List of Figures
4. List of tables
5. Structure of the report
6.1. Segmentation by geography
6.2. Segmentation by matrix type
6.3. Segmentation by production technology
6.4. Segmentation by end-use industry
7. Characteristics of Metal Matrix Composites Market
7.1. Market definition
7.2. Segmentation by matrix type
7.2.1. CMM in aluminum
7.2.2. Magnesium MMC
7.2.3. MMC copper
7.2.4. MMC super alloys
7.3. Segmentation by production technology
7.3.1. Liquid metal infiltration
7.3.2. Powder metallurgy
7.3.4. Deposition techniques
7.4. Segmentation by application
7.4.1. Automotive and transportation
7.4.2. Aeronautics and Defense
7.4.3. Electrical And Electronic
8. Metal Matrix Composite Market Trends and Strategies
8.1. Increase technological advancements
8.2. Growing demand from aircraft manufacturers
8.3. Rapid adoption in the automotive industry
8.4. Use of self-healing metal matrix composites
8.5. Metal matrix composites used for thermal management
9. Impact of COVID-19 on the Metal Matrix Composites Market
9.1. Decrease in demand
9.2. Supply chain disruptions
9.3. Future prospects
10. Global Metal Matrix Composites Market Size and Growth
10.1. Market size
10.2. Historical Market Growth, 2015 – 2020, Value (USD Million)
10.2.1. Market drivers 2015 – 2020
10.2.2. Market Constraints 2015 – 2020
10.3. Market Growth Forecast, 2020 – 2025, 2030F Value (USD Million)
10.3.1. Market Drivers 2020 – 2025
10.3.2. Constraints on the market 2020 – 2025
11. Global Metal Matrix Composites Market Segmentation
11.1. Global Metal Matrix Composites Market, Segmentation by Matrix Type, History & Forecast, 2015-2020, 2025F, 2030F, Value (USD Million)
11.2. Global Metal Matrix Composites Market, Segmentation by Production Technology, History & Forecast, 2015-2020, 2025F, 2030F, Value (USD Million)
11.3. Global Metal Matrix Composites Market, Segmentation by End-Use Industry, History & Forecast, 2015-2020, 2025F, 2030F, Value (USD Million)
12. Metal Matrix Composites Market, Regional and Country Analysis
12.1. Global Metal Matrix Composites Market, By Region, Historical & Forecast, 2015-2020, 2025F, 2030F, Value (Million USD)
12.2. Global Metal Matrix Composites Market, By Country, History & Forecast, 2015-2020, 2025F, 2030F, Value (Million USD)
CPS Technologies Corporation
Ferrotec Holdings Corporation
DWA Aluminum Composites USA
GKN Sintered Metals
LLC Thermal Transfer Composites
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