Global Metal Matrix Composites Market Report 2021: Good Outlook for Global Commercial Aviation Industry Drives Demand

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DUBLIN, September 13, 2021– (BUSINESS WIRE) – The report “Metal Matrix Composites – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer.

Global Metal Matrix Composites Market To Reach $ 620.4 Million By 2027

Amid the COVID-19 crisis, the global metal matrix composites market estimated at US $ 458.1 million in 2020 is expected to reach a revised size of US $ 620.4 million by 2027, with a growth at a CAGR of 4.4% over the analysis period 2020-2027.

Aluminum matrix composites, one of the segments analyzed in the report, is expected to register a CAGR of 4.2% and reach US $ 271.2 million by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Refractory Metal Matrix Composites segment is readjusted to a revised CAGR of 5.4% for the next 7 year period.

The US market is estimated at $ 123.5 million, while China is expected to grow at 7.8% CAGR

The metal matrix composites market in the United States is estimated at US $ 123.5 million in 2020. China, the world’s second largest economy, is expected to reach a projected market size of US $ 134.9 million by 2027, with a CAGR of 7.8% over the analysis period 2020 to 2027.

Other notable geographic markets include Japan and Canada, each expected to grow 1.5% and 3.3% respectively over the period 2020-2027. In Europe, Germany is expected to grow at a CAGR of around 2.3%.

Other materials segment registers a CAGR of 3%

In the global other materials segment, the United States, Canada, Japan, China and Europe will lead the estimated 2.6% CAGR for this segment. These regional markets representing a combined market size of US $ 71.3 million in 2020 will reach a projected size of US $ 85 million by the end of the analysis period.

China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 89.2 million by 2027, while Latin America will grow at a CAGR of 3 , 9% during the analysis period.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Recent market activity

  • Composites – A Prelude

  • Metal Matrix Composites – A Review

  • Improving economy stimulates general market optimism

  • Steady acceleration in global PMI benefits market growth in industrial sector

  • Market outlook

  • Competitive Landscape – A Brief Overview

2. FOCUS ON SOME PLAYERS (Total 34 featured)

  • Composites 3A

  • 3M Company

  • ADMA Products, Inc.

  • AMETEK Specialty Metal Products

  • Ceradyne, Inc.

  • CPS Technologies Company

  • Deutsche Edelstahlwerke GmbH

  • DWA Aluminum Composites USA, Inc.

  • GKN plc

  • Hitachi Metals, Ltd.

  • Materion Corp.

  • Mi-Tech Tungsten Metals, Inc.

  • SANTIER, Inc.

  • Sumitomo Electric Industries, Ltd.

  • Thermal Transfer Composites LLC

  • TISICS Ltd.

3. MARKET TRENDS AND FACTORS

  • Matrix Composites – the future of metals

  • Ground Transportation Industry – Biggest Revenue Contributor

  • Automotive industry – A major end-use market for metal matrix composites

  • Aluminum Metal Die – Most Preferred in Automotive Industry

  • Nanotechnology technique used for advanced engineering materials

  • The increase in automobile production bodes well for the market

  • Opportunity indicators

  • Railways – Busy Market with Huge Potential

  • Electronics sector offers solid growth opportunities for MMCs

  • Many opportunities in electronic packaging and thermal management applications

  • Opportunity indicators

  • Healthy outlook for global commercial aviation industry drives demand for metal matrix composites

  • Increase in long-term aircraft fleet training opportunities

  • Defense Aerospace Presents Steady Growth Prospects for Metal Matrix Composites

  • Ongoing developments and innovations

  • A look at other defense-related applications for MMCs

  • Review of defense budgets and implications for adoption of MMCs in the production of military / defense products

  • Nuclear power continues to gain attention – to boost market prospects

  • Opportunity indicators

  • Develop applications to drive future growth

  • Metal composite materials find increased use in buildings

  • Sports and biomedical sectors

  • The power transmission segment offers many opportunities

  • MMC issues and challenges

  • The path to follow

  • Hybrid MMCs for better mechanical properties

  • Nanoparticle Reinforced MMCs – A Latest Advancement

  • Potential applications of nanoparticle-enhanced MMCs

  • New stirring casting method for economically viable production of MMC in large quantities

  • Ceramic Matrix Composites Gain Popularity for Aircraft Engines, But Problems Persist

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/vkok2

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210913005305/en/

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