Global Mg-SiC Composite Materials Market Growth (Status and Outlook) 2025-2031

The global Mg-SiC Composite Materials market size is predicted to grow from US$ 6.4 million in 2025 to US$ 9.3 million in 2031; it is expected to grow at a CAGR of 6.5% from 2025 to 2031.

This is a lightweight composite material manufactured by infiltrating Silicon Carbide (SiC) with Magnesium (Mg). Mg-SiC Composite Materials can be used as Base plate for power module for electric railway, industrial machinery and automotive (HEV).

United States market for Mg-SiC Composite Materials is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Mg-SiC Composite Materials is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Mg-SiC Composite Materials is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Mg-SiC Composite Materials players cover A.L.M.T. Corp (Sumitomo Electric Industries), AMT Advanced Materials Technology GmbH, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Mg-SiC Composite Materials Industry Forecast” looks at past sales and reviews total world Mg-SiC Composite Materials sales in 2024, providing a comprehensive analysis by region and market sector of projected Mg-SiC Composite Materials sales for 2025 through 2031. With Mg-SiC Composite Materials sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Mg-SiC Composite Materials industry.

This Insight Report provides a comprehensive analysis of the global Mg-SiC Composite Materials landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Mg-SiC Composite Materials portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Mg-SiC Composite Materials market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mg-SiC Composite Materials and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Mg-SiC Composite Materials.

This report presents a comprehensive overview, market shares, and growth opportunities of Mg-SiC Composite Materials market by product type, application, key players and key regions and countries.

Segmentation by Type:
R.T. (7.0)
Others

Segmentation by Application:
Power Modules
Structural Parts
Automotive and Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
A.L.M.T. Corp (Sumitomo Electric Industries)
AMT Advanced Materials Technology GmbH

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