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Metal Matrix Composite Market Trends

  • Report ID: GMI10879
  • Published Date: Aug 2024
  • Report Format: PDF

Metal Matrix Composite Market Trends

An emergent trend in the metal matrix composite industry is witnessing transformative trends driven by the pursuit of high-performance, lightweight, and sustainable materials across various industries. A key trend is the increasing application of MMCs in aerospace and automotive sectors, where the demand for materials that offer superior strength-to-weight ratios and enhanced thermal stability is on the rise. This is leading to a greater focus on advanced reinforcements such as carbon fibers, graphene, and ceramic particles, which significantly improve the mechanical properties of the composites.
 

Additionally, there is a marked shift towards the development and adoption of eco-friendly manufacturing processes, including the use of recycled metals and green production techniques, in response to environmental regulations and sustainability goals. The integration of advanced manufacturing technologies like additive manufacturing and precision casting is further evolving the market, enabling the creation of complex geometries and customized solutions that meet the stringent performance requirements of modern applications. Furthermore, there is a growing emphasis on research and development to overcome challenges related to cost, scalability, and processing techniques, driving innovation and expanding the potential applications of MMCs in various high-tech industries.

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The industry size for metal matrix composite was USD 810 million in 2023 and is anticipated to register over 12.4% CAGR between 2024 and 2032 driven by increasing demand across various high-performance applications, particularly in the aerospace, automotive, and defense sectors.

The discontinuous reinforcement type segment in the metal matrix composite industry held a 46% share in 2023 owing to significant advantages in terms of cost-effectiveness and ease of production

Asia Pacific industry generated a revenue of USD 302 million in 2023 and is likely to record 870 million by 2032 due to the presence of a strong industrial base, particularly in countries like China, Japan, and India

3M Company, Albany International Corp., Alvant Ltd, ATI Metals, CPS Technologies Corporation, DWA Aluminum Composites USA, Inc., GKN Sinter Metals, and Lanxide Corporation

Metal Matrix Composite Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 155
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