Metal Matrix Composite Market by Type (Aluminium, Nickel, Refractory, and Others), Reinforcement Material (Silicon Carbide, Aluminum Oxide, Titanium Carbide, and Others), Reinforcement Type (Discontinuous, Continuous, Particles), Production Technology (Po

Metal Matrix Composite Market by Type (Aluminium, Nickel, Refractory, and Others), Reinforcement Material (Silicon Carbide, Aluminum Oxide, Titanium Carbide, and Others), Reinforcement Type (Discontinuous, Continuous, Particles), Production Technology (Powder Metallurgy, Liquid Metal Infiltration, Casting, Deposition Techniques), End Use Industry (Automotive and Locomotive, Electrical and Electronics, Aerospace and Defense, Industrial, and Others), and Region 2023-2028

Market Overview:

The global metal matrix composite market size reached US$ 488.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 735.8 Million by 2028, exhibiting a growth rate (CAGR) of 6.78% during 2023-2028. The increasing demand for lightweight and high-performance materials, rising demand for refractory materials, and the growing utilization of electric vehicles (EVs) to reduce greenhouse gas emissions represent some of the key factors driving the market.

Metal matrix composites (MMCs) are composite materials, such as metals, alloys, or intermetallic compounds, which are incorporated with various particulates, whiskers or continuous fibers. They are manufactured by stacking and bonding alternative layers of metals or alloys to enhance the toughness and damage tolerance. They are designed to offer various benefits, such as improving strength, enhancing wear and creep resistance, increasing damping, and reducing thermal expansion. Besides this, MMCs provide high shear strength, enhance abrasion resistance, and offer nonflammability, minimal attack by fuels and solvents, and the ability to be formed and treated on conventional equipment. They are also applied to brake rotors, pistons, and other automotive components as MMCs can operate in high temperatures. As a result, it finds extensive applications in the aerospace, defense, electronics, marine, and packaging industries across the globe.

Metal Matrix Composite Market Trends:

At present, the increasing demand for lightweight and high-performance materials in the aerospace industry to boost fuel efficiency due to the inflating fuel prices represents one of the key factors supporting the growth of the market. Besides this, the rising awareness among the masses about the benefits of MMCs over metals is offering lucrative growth opportunities to industry investors. Moreover, there is an increase in the demand for refractory materials, such as tungsten, niobium, rhenium, and molybdenum, across the globe. This, along with the growing demand for durable and high-precision equipment in the electronics industry, is positively influencing the market. In addition, there is a rise in the utilization of tungsten carbide in heat sinks, resistance welding, and ammunition manufacturing around the world. This, coupled with the increasing employment of MMCs in power electronic modules due to their excellent thermal conductivity, tunable coefficient of thermal expansion, and low density, is propelling the growth of the market. Apart from this, the growing demand for particulate reinforced metal matrix composites (PRMMCs) to manufacture radiator panels, power semiconductor packages, microwave modules, battery sleeves, black box enclosures, and printed circuit board (PCB) heat sinks is offering a favorable market outlook. Additionally, the increasing production of cellular phones, portable computing devices, and gaming systems is strengthening the growth of the market. Furthermore, the escalating demand for electric vehicles (EVs) to reduce greenhouse gas emissions around the world is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global metal matrix composite market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, reinforcement material, reinforcement type, production technology, and end use industry.

Type Insights:

Aluminium
Nickel
Refractory
Others
 

The report has provided a detailed breakup and analysis of the metal matrix composite market based on the type. This includes aluminium, nickel, refractory, and others. According to the report, refractory represented the largest segment.

Reinforcement Material Insights:

Silicon Carbide
Aluminum Oxide
Titanium Carbide
Others
 

A detailed breakup and analysis of the metal matrix composite market based on the reinforcement material has also been provided in the report. This includes silicon carbide, aluminum oxide, titanium carbide, and others. According to the report, silicon carbide accounted for the largest market share.

Reinforcement Type Insights:

Discontinuous
Continuous
Particles
 

A detailed breakup and analysis of the metal matrix composite market based on the reinforcement type has also been provided in the report. This includes discontinuous, continuous, and particles. According to the report, discontinuous accounted for the largest market share.

Production Technology Insights:

Powder Metallurgy
Liquid Metal Infiltration
Casting
Deposition Techniques
 

A detailed breakup and analysis of the metal matrix composite market based on the production technology has also been provided in the report. This includes powder metallurgy, liquid metal infiltration, casting, and deposition techniques. According to the report, powder metallurgy accounted for the largest market share.

End Use Industry Insights:

Automotive and Locomotive
Electrical and Electronics
Aerospace and Defense
Industrial
Others
 

A detailed breakup and analysis of the metal matrix composite market based on the end use industry has also been provided in the report. This includes automotive and locomotive, electrical and electronics, aerospace and defense, industrial, and others. According to the report, automotive and locomotive accounted for the largest market share.

Regional Insights:

North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa
 

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for metal matrix composite. Some of the factors driving the North America metal matrix composite market included the growing number of automotive and aerospace manufacturers, increasing need for fuel-efficient vehicles, stringent government regulations to reduce automotive pollution, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global metal matrix composite market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 3M Company, ADMA Products Inc., CeramTec GmbH, CPS Technologies Corporation, Denka Company Limited, Deutsche Edelstahlwerke Services GmbH (Swiss Steel Holding AG), DWA Aluminum Composites USA Inc., Ferrotec Holdings Corporation, Materion Corporation, Melrose Industries plc, Plansee Group, SANTIER Inc. (EGIDE Group), TISICS Ltd, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global metal matrix composite market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global metal matrix composite market?
What is the impact of each driver, restraint, and opportunity on the global metal matrix composite market?
What are the key regional markets?
Which countries represent the most attractive metal matrix composite market?
What is the breakup of the market based on the type?
Which is the most attractive type in the metal matrix composite market?
What is the breakup of the market based on the reinforcement material?
Which is the most attractive reinforcement material in the metal matrix composite market?
What is the breakup of the market based on reinforcement type?
Which is the most attractive reinforcement type in the metal matrix composite market?
What is the breakup of the market based on production technology?
Which is the most attractive production technology in the metal matrix composite market?
What is the breakup of the market based on end use industry?
Which is the most attractive end use industry in the metal matrix composite market?
What is the competitive structure of the global metal matrix composite market?
Who are the key players/companies in the global metal matrix composite market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Metal Matrix Composite Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Aluminium
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Nickel
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Refractory
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast
7 Market Breakup by Reinforcement Material
7.1 Silicon Carbide
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Aluminum Oxide
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Titanium Carbide
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Others
  7.4.1 Market Trends
  7.4.2 Market Forecast
8 Market Breakup by Reinforcement Type
8.1 Discontinuous
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Continuous
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Particles
  8.3.1 Market Trends
  8.3.2 Market Forecast
9 Market Breakup by Production Technology
9.1 Powder Metallurgy
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Liquid Metal Infiltration
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Casting
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Deposition Techniques
  9.4.1 Market Trends
  9.4.2 Market Forecast
10 Market Breakup by End Use Industry
10.1 Automotive and Locomotive
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Electrical and Electronics
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Aerospace and Defense
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Industrial
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Others
  10.5.1 Market Trends
  10.5.2 Market Forecast
11 Market Breakup by Region
11.1 North America
  11.1.1 United States
   11.1.1.1 Market Trends
   11.1.1.2 Market Forecast
  11.1.2 Canada
   11.1.2.1 Market Trends
   11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
   11.2.1.1 Market Trends
   11.2.1.2 Market Forecast
  11.2.2 Japan
   11.2.2.1 Market Trends
   11.2.2.2 Market Forecast
  11.2.3 India
   11.2.3.1 Market Trends
   11.2.3.2 Market Forecast
  11.2.4 South Korea
   11.2.4.1 Market Trends
   11.2.4.2 Market Forecast
  11.2.5 Australia
   11.2.5.1 Market Trends
   11.2.5.2 Market Forecast
  11.2.6 Indonesia
   11.2.6.1 Market Trends
   11.2.6.2 Market Forecast
  11.2.7 Others
   11.2.7.1 Market Trends
   11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
   11.3.1.1 Market Trends
   11.3.1.2 Market Forecast
  11.3.2 France
   11.3.2.1 Market Trends
   11.3.2.2 Market Forecast
  11.3.3 United Kingdom
   11.3.3.1 Market Trends
   11.3.3.2 Market Forecast
  11.3.4 Italy
   11.3.4.1 Market Trends
   11.3.4.2 Market Forecast
  11.3.5 Spain
   11.3.5.1 Market Trends
   11.3.5.2 Market Forecast
  11.3.6 Russia
   11.3.6.1 Market Trends
   11.3.6.2 Market Forecast
  11.3.7 Others
   11.3.7.1 Market Trends
   11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
   11.4.1.1 Market Trends
   11.4.1.2 Market Forecast
  11.4.2 Mexico
   11.4.2.1 Market Trends
   11.4.2.2 Market Forecast
  11.4.3 Others
   11.4.3.1 Market Trends
   11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast
12 Drivers, Restraints, and Opportunities
12.1 Overview
12.2 Drivers
12.3 Restraints
12.4 Opportunities
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 3M Company
   16.3.1.1 Company Overview
   16.3.1.2 Product Portfolio
   16.3.1.3 Financials
   16.3.1.4 SWOT Analysis
  16.3.2 ADMA Products Inc.
   16.3.2.1 Company Overview
   16.3.2.2 Product Portfolio
  16.3.3 CeramTec GmbH
   16.3.3.1 Company Overview
   16.3.3.2 Product Portfolio
  16.3.4 CPS Technologies Corporation
   16.3.4.1 Company Overview
   16.3.4.2 Product Portfolio
   16.3.4.3 Financials
  16.3.5 Denka Company Limited
   16.3.5.1 Company Overview
   16.3.5.2 Product Portfolio
   16.3.5.3 Financials
  16.3.6 Deutsche Edelstahlwerke Services GmbH (Swiss Steel Holding AG)
   16.3.6.1 Company Overview
   16.3.6.2 Product Portfolio
  16.3.7 DWA Aluminum Composites USA Inc.
   16.3.7.1 Company Overview
   16.3.7.2 Product Portfolio
  16.3.8 Ferrotec Holdings Corporation
   16.3.8.1 Company Overview
   16.3.8.2 Product Portfolio
   16.3.8.3 Financials
  16.3.9 Materion Corporation
   16.3.9.1 Company Overview
   16.3.9.2 Product Portfolio
   16.3.9.3 Financials
   16.3.9.4 SWOT Analysis
  16.3.10 Melrose Industries plc
   16.3.10.1 Company Overview
   16.3.10.2 Product Portfolio
   16.3.10.3 Financials
  16.3.11 Plansee Group
   16.3.11.1 Company Overview
   16.3.11.2 Product Portfolio
  16.3.12 SANTIER Inc. (EGIDE Group)
   16.3.12.1 Company Overview
   16.3.12.2 Product Portfolio
  16.3.13 TISICS Ltd.
   16.3.13.1 Company Overview
   16.3.13.2 Product PortfolioKindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

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