Authored By: Sarah
15 Jul 2024

 Metal Matrix Composites (Mmc) Market Size to grow by USD 196.3 million between 2024-2028

According to a research report “ Metal Matrix Composites (Mmc) Market” by Product (Aluminum, Nickel, Refractory) End-user (Automotive and locomotive, Electrical and electronics, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 196.3 million, at a CAGR of 8.09% during the forecast period. In the global market, Metal Matrix Composites (MMCs) are highly sought-after due to their distinctive features, including superior strength, lightweight properties, and exceptional thermal and mechanical characteristics. These qualities make MMCs an ideal choice for the aerospace and defense sectors, where efficiency and reliability are paramount. To enhance energy efficiency and maximize payload capacity, these industries require materials capable of enduring harsh environments, delivering superior performance, and reducing weight. MMCs meet these requirements, offering additional benefits such as increased structural integrity, decreased weight, and improved thermal and mechanical properties, making them indispensable in these sectors..

Browse market data tables, figures, and in-depth TOC on “Metal Matrix Composites (Mmc) Market” by Product (Aluminum, Nickel, Refractory) End-user (Automotive and locomotive, Electrical and electronics, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Product, the Aluminum segment is projected to dominate the market size in 2024

The global Metal Matrix Composites (MMC) market is witnessing notable growth in the automotive and locomotive sectors due to the material's desirable properties. MMC's lightweight, high strength, and stiffness make it an ideal choice for manufacturing engine components, brake systems, and suspension parts in automobiles and locomotives. The automotive and rail industries are continually seeking advanced materials to enhance performance, improve fuel efficiency, and reduce weight. MMC's exceptional properties cater to these requirements, making it a preferred option for these applications. Consequently, the global MMC market in the automotive and locomotive sectors is projected to expand significantly during the forecast period.

By End-user, Automotive and locomotive  segment is expected to hold the largest market size for the year 2024

The global Metal Matrix Composites (MMC) market is witnessing significant growth due to the increasing demand for aluminum-based composites. These composites offer superior mechanical properties, including enhanced stiffness, strength, and thermal stability, making them ideal for high-performance applications in sectors such as aerospace, automotive, and electronics. The market's expansion is driven by the rising demand for lightweight materials to enhance performance efficiency, reduce emissions, and lower fuel costs. The trend of industries replacing traditional materials with advanced composites is expected to boost the market for aluminum-based MMCs further, fueling the growth of the global Metal Matrix Composites market throughout the forecast period.

North America is forecasted to hold the largest market size by region in 2024

The Metal Matrix Composites (MMC) market represents a significant growth opportunity for businesses seeking advanced materials with enhanced strength and durability. MMCs, which involve the embedding of reinforcing particles or fibers in a metal matrix, offer superior mechanical properties and resistance to high temperatures and corrosion. Market expansion is driven by increasing demand from automotive, aerospace, and energy industries, among others. Businesses investing in MMCs can expect to gain a competitive edge through improved product performance and sustainability.

The Metal Matrix Composites (Mmc) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • 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
  • TISICS
.

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Research Analysis Overview

Metal Matrix Composites (MMCs) have gained significant attention in various industries due to their exceptional properties, including high specific strength, stiffness, and toughness. MMCs are made by embedding reinforcing fibers or whiskers in a metal matrix, resulting in materials with enhanced performance. Space technology has long utilized MMCs in the manufacturing of aero structural components and aero propulsion systems for space shuttles, contributing to lighter weight and improved fuel efficiency. In the aerospace industry, MMCs are also used in the production of personal electronic devices, gaming systems, portable computers, and mobile phones, where lightweight and strong materials are essential. Beyond aerospace, MMCs find applications in engineering materials for high-performance industries such as automotive, construction, and defense. MMCs are used in car engines for emissions reduction and fuel efficiency, in renewable energy for carbon capture, and in high-speed machinery and robots for environmental sustainability. The defense industry also benefits from MMCs in the production of armor and other protective materials. In summary, Metal Matrix Composites offer significant advantages in weight reduction, strength, and performance, making them a valuable engineering material for a wide range of industries, from aerospace and electronics to automotive and defense.

Market Research Overview

Metal Matrix Composites (MMCs) are a class of advanced engineering materials that offer superior strength, durability, and lightweight characteristics, making them ideal for various industries, including passenger vehicles, ground transportation, and aerospace. In automotive applications, MMCs are used in reciprocating parts such as piston crowns for improved engine performance and fuel efficiency. Vacuum pressing techniques, extrusion, and ball mill mixing are common manufacturing methods for producing MMCs. In the aerospace sector, MMCs are used in civil and general aviation aircraft for components like nose landing gears, frame stabilizing struts, and orbital mid fuselage. Vacuum pressing, hot pressing, and casting are common manufacturing techniques used in the aerospace industry for producing MMCs. MMCs are also used in the space industry for aero structural components, aero propulsion systems, and missile components. MMCs are made by dispersing reinforcement materials, such as whiskers or fibers, in a matrix material, typically a metal like titanium carbide, aluminum oxide, silicon carbide, nickel, or aluminum. Property databases and common test procedures are used to ensure performance standards are met. MMCs are also used in electronic manufacturing for substrates, heat sinks, electronic packaging, and high-performance computing components. In the automotive and locomotive industry, MMCs are used in engine parts, brake discs, and high-speed machinery components. In the defense industry, MMCs are used for making lightweight and durable components, such as turbine blades and engine parts. MMCs are also used in renewable energy applications, such as carbon capture, and in the production of personal electronic devices, gaming systems, portable computers, and mobile phones, where lightweight and high-performance materials are required. Additive manufacturing and powder metallurgy techniques, such as liquid metal infiltration and deposition techniques, are also used to produce MMCs. The global aerospace industry and the airline sector are expected to drive the growth of the MMC market due to the increasing demand for lightweight and high-performance materials in the production of advanced aircraft and aerospace components. The market for MMCs is expected to grow significantly in the coming years due to their potential applications in various industries, including automotive, aerospace, electronics, and renewable energy.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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