Global Metal Matrix Composites (MMC) Market 2024-2028
The metal matrix composites (MMC) market is forecasted to grow by USD 196.3 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the metal matrix composites (MMC) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from aerospace and defense industries, growing need for lightweight materials in automotive industry, and advancements in manufacturing technologies.
Technavio's metal matrix composites (MMC) market is segmented as below:
By Product
By End-user
- Automotive and locomotive
- Electrical and electronics
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increased use of MMCs in additive manufacturing as one of the prime reasons driving the metal matrix composites (MMC) market growth during the next few years. Also, growing focus on nanocomposites and rising demand for MMCs in electric vehicles will lead to sizable demand in the market.
The report on the metal matrix composites (MMC) market covers the following areas:
- Metal matrix composites (MMC) market sizing
- Metal matrix composites (MMC) market forecast
- Metal matrix composites (MMC) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading metal matrix composites (MMC) market vendors that include 3M Co., ADMA Products Inc., Advanced Composite Corp., AMG Advanced Metallurgical Group NV, Applied Thin Films Inc., CeramTec GmbH, CPS Technologies Corp., Denka Co. Ltd., DWA Aluminum Composites USA Inc., Ferrotec Holdings Corp, GKN Sinter Metals Engineering GmbH, Hunan Harvest Technology Development Co. Ltd., JGC Holdings Corp., Materion Corp., Metal Matrix Innovations, Plansee SE, SANTIER Inc., Schmolz plus Bickenbach AG, Thermal Transfer Composites LLC, and TISICS. Also, the metal matrix composites (MMC) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.