Global Metal Matrix Composites Industry 2019 Market Research Report, Popular Trends & Technological Advancements, Forecast & Opportunities
Metal Matrix Composites Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of metal matrix composites market by product type (aluminum MMC, magnesium MMC, nickel MMC, refractory MMC, and other product types), end-use (ground transportation, electronics/thermal management, aerospace, industrial, and other end-uses) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the metal matrix composites market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global metal matrix composites market are Materion Corporation, Sandvik AB, Plansee SE, GKN PLC, 3M Company, CPS Technologies Corporation, Sumitomo Electric Industries, Ltd., Deutsche Edelstahlwerke GmbH, Hitachi Metals, Ltd., and other companies. The global metal matrix composites market is projected to grow at a CAGR of 6.46% over the forecast period of 2019-2025.
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Growing Demand for Lightweight Components for the Automotive Industry is the Major Driving Factor for the Growth of the Metal Matrix Composites Market
The growing demand for lightweight components for the automotive industry is the major driving factor for the growth of the metal matrix composites market. The automakers are searching for a lightweight and strong material for components that would reduce the overall weight of the vehicle. This helps in making the vehicles more fuel-efficient and lower emission levels. Furthermore, the rising need for high-performance material for aerospace and marine industry is supporting the demand for metal matrix composites. The aerospace and marine industries require components with superior physical properties. This, in turn, increases the demand for metal matrix composites from aerospace and marine industries.
Additionally, the increase in the disposable income of the population is expected to boost the metal matrix composites market further. However, the high set up costs of the production systems are the major restraining factor for the growth of the metal matrix composites market. Nevertheless, the growing adoption of metal matrix composites in military-specific vehicles and aircraft is expected to offer lucrative opportunities for the key players in the metal matrix composites market.
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North America Held the Highest Market Share, Dominating the Global Metal Matrix Composites Market
In terms of region, North America held the highest market share, dominating the global metal matrix composites market. The dominance of the North America market attributed to the high demand from the automotive and aerospace sector for lightweight and strong materials. Moreover, the presence of the well-established MMC in the region is anticipated to propel the growth of the North American metal matrix composites market. While the Asia-Pacific region registered the highest growth rate for metal matrix composites market owing to the rapidly expanding automotive and electronics industries.
Metal Matrix Composites Market: Segmentation
The report on the global metal matrix composites market covers segments such as product type and end-use. On the basis of product type, the sub-markets include aluminum MMC, magnesium MMC, nickel MMC, refractory MMC, and other product types. On the basis of end-use, the sub-markets include ground transportation, electronics/thermal management, aerospace, industrial, and other end-uses.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the metal matrix composites.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.