Metal Matrix Composite Market by Type (Aluminum MMC, Magnesium MMC, Refractory MMC), Production Technology, Reinforcement (Continuous, Discontinuous, Particle), End Use Industry, and Region - Global Forecast to 2021
“Metal Matrix Composite market projected to grow at a CAGR of 6.10% in terms of value from 2016 to 2021”
The global metal matrix composite (MMC) market is projected to reach USD 619.1 million by 2021, at a CAGR of 6.10% from 2016 to 2021. The major drivers of the global MMCs market are, the increasing demand for MMCs from the transportation and wind energy end user industry, increasing usage of MMCs in construction & infrastructure, and new product launches in the MMCs market. However, issues related to the recyclability & remold ability of MMCs and insufficient production capacity are the major factors restraining the growth of the market.
“Ground Transportation end-use industry holds the largest market share in the MMC market, by value.”
MMC is gaining importance in the ground transportation end-use industry due to weight saving achieved by MMCs for a given level of strength is considerable than other metals, also the rail sector is focused on reducing the weight, increasing the efficiency, and better exploiting lighter and more exotic materials, which further increases the demand for MMC in the ground transportation end-use industry.
“North America is the fastest-growing region for MMC market.”
The North America region is the fastest-growing MMCs market. The increasing demand for MMC by various end-use industries such as ground transportation, aerospace, and thermal management is driving the MMC market in the region. Moreover, the region is home to major aircraft manufacturers, spacecraft manufacturers, and automotive manufacturers; where MMC products are used.
This study has been validated through primaries conducted with various industry experts, globally. These primary sources have been divided into the following three categories:
• By company type- Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
• By designation- C Level- 40%, Director Level- 15%, and Others- 45%
• By region- North America- 15%, Europe- 55%, Asia-Pacific- 30%
The report provides a comprehensive analysis and company profiles of the following companies:
• Materion Corporation (U.S.)
• CPS Technologies Corporation (U.S.)
• 3M (U.S.)
• GKN Sinter Metals (U.K.)
• Deutsche Edelstahlwerke GmbH (Germany)
• CeramTec (Germany)
• Metal Matrix Cast Composites (U.S.)
• Plansee SE (Austria)
• Ferrotec Corporation (U.S.)
• Sandvik AB (Sweden)
The report covers the global MMC market in terms of product type, end-user industries, reinforcement type, production technology, and region. It aims at estimating the market size and future growth potential of this market across different segments such as product types, end-user industries, reinforcement type, production technology, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Reasons to buy the report:
The report will help market leaders/new entrants in this market by providing them the closest approximations of the revenues for the overall MMC market and the sub segments. This report will help stakeholders to better understand the competitive landscape and gain more insights, to better position their businesses and market strategies. The report will also help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.
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