Fairfield Market Research Metal Matrix Composite Market Size to Hit US$1.2 Bn by 2030

Metal Matrix Composite Market

Global Metal Matrix Composite Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Matrix Type Coverage, By Reinforcement Type Coverage, By Production Technology Coverage, By End-use Industry Coverage, By Geographic Coverage and Leading Companies)

Published Date: Sep 2023 | Format: | No. of Pages: 260

Industry: Chemicals & Materials


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Global Metal Matrix Composite Market Forecast

  • Global metal matrix composite market size to approach the valuation of US$1.2 Bn by 2030-end
  • Metal matrix composite sales worldwide to witness around 11% CAGR during 2023 - 2030

Market Analysis in Brief

Metal matrix composites consist of a metal matrix (such as aluminum, magnesium, or titanium) reinforced with ceramic or metallic particles, fibres, or whiskers. These composites combine the properties of metals and ceramics, resulting in enhanced mechanical, thermal, and electrical properties. The metal matrix composite market is experiencing significant growth due to its increased usage in various industries.

Metal Matrix Composite Market

Metal matrix composites offer a compelling advantage in lightweight, making them attractive for aerospace, automotive, and transportation industries. Their high strength-to-weight ratio allows for the development of lighter yet durable components, leading to improved fuel efficiency and reduced emissions. The automotive industry's pursuit of fuel efficiency and emissions reduction has increased interest in metal matrix composites for lightweight structural components, brake systems, engine parts, and other applications.

Moreover, the aerospace and defense industries are significant consumers of metal matrix composites. These materials are used in aircraft components, rockets, satellites, and military equipment due to their lightweight nature and exceptional mechanical properties. The increased usage in various industries is expected to drive the growth of the market during the forecast period.

Key Report Findings

  • Stricter environmental regulations have pushed industries to explore advanced materials like metal matrix composites that can reduce energy consumption, emissions, and waste.
  • Demand for aluminum metal matrix composite remains higher in the global market.
  • The powder metallurgy category held the highest metal matrix composite market revenue share in 2022.
  • North America will continue to lead, whereas Asia Pacific metal matrix composite market will experience the strongest growth till 2030.

Growth Drivers

Increasing Use in Automotive Industry

Metal matrix composites (MMCs) are experiencing increasing use in the automotive, and aerospace industries. The automotive industry has actively pursued lightweight strategies to improve fuel efficiency and reduce emissions. Metal matrix composites offer a compelling solution due to their high strength-to-weight ratio, making them ideal for lightweight structural components like body panels, chassis, and suspension. The engine components' high temperature and stress conditions demand materials with excellent thermal stability and mechanical properties.

Metal matrix composites have been considered for engine parts like pistons and cylinder liners due to their ability to withstand these challenging conditions. Moreover, MMCs have shown promise in brake applications, where their enhanced thermal conductivity and wear resistance improve braking performance and overall safety.

Growing Application in Aerospace Industry

The aerospace industry demands lightweight materials with high strength and stiffness for aircraft components. Metal matrix composites have applications in various aircraft parts, including wings, fuselage components, and engine parts. Their superior mechanical properties contribute to increased fuel efficiency and improved overall performance.

Another strong factor is adoption in manufacturing of satellite and spacecraft components. Weight reduction is critical in space applications due to launch costs and performance considerations. Metal matrix composites have been used in satellite components and spacecraft structures to achieve weight savings while maintaining structural integrity.

Moreover, Developing advanced propulsion systems, such as scramjets and rocket engines, benefits from the unique properties of MMCs, which can withstand extreme temperatures and mechanical stresses.

The rise in the use of metal matrix composites in the aerospace and automotive industries is attributed to their ability to address the demands for lightweight, enhanced performance, and improved efficiency in these sectors. As technologies evolve and innovations emerge, the adoption of MMCs in these industries will likely continue to grow.

Advent of Manufacturing Technologies

Advancements in manufacturing technologies have played a significant role in driving the metal matrix composite market. These technologies have enabled the production of MMCs in more cost-effective, efficient, and precise ways, making them more accessible to various industries. Traditional methods for manufacturing MMCs involved stir casting, powder metallurgy and squeeze casting.

While effective, these processes had limitations regarding uniformity and control over the distribution of reinforcement materials. Advanced processing techniques, such as powder injection molding, spray forming, and infiltration, allow for better dispersion of reinforcements in the metal matrix, leading to MMCs with more consistent properties and performance.

Additive manufacturing, usually known as 3D printing, has radically improved the production of complex parts, including metal matrix composites. It enables the creation of intricate geometries that were earlier difficult or impossible to achieve with conventional manufacturing methods.

3D printing offers precise control over the placement of reinforcing materials, resulting in tailored MMC structures with optimised mechanical properties for specific applications. Moreover, nanotechnology has opened up new possibilities for enhancing the properties of MMCs. By incorporating nanoscale reinforcements, such as nanoparticles or nanofibres, into the metal matrix, MMCs can achieve improved mechanical, thermal, and electrical properties. Nanotechnology also contributes to reducing defects' size and increasing the composites' overall strength.

Advancements in manufacturing technologies have expanded the possibilities of producing MMCs with tailored properties, reduced costs, and improved performance. As these technologies continue to develop, the adoption of metal matrix composites will likely increase across industries, driving further growth in the MMC market.

Growth Challenges

Complicated Manufacturing Process

The complexity of manufacturing MMCs presents various challenges that can hinder their widespread adoption. The production of MMCs often requires specialised equipment and expertise. Manufacturing MMCs may involve processes like powder metallurgy, infiltration, or additive manufacturing, which can be more intricate and require specific technical know-how. The need for specialised equipment and skilled labour can increase production costs and limit accessibility to certain industries.

Moreover, ensuring the quality and consistency of MMCs can take time due to the complexity of the manufacturing process. Uniform dispersion of the reinforcement materials within the metal matrix is crucial for achieving desired mechanical properties. Any variation or inconsistency in the manufacturing process can lead to material defects and compromise the final product's performance.

In addition, the unique properties of MMCs require careful design and engineering considerations. Integrating MMCs into existing manufacturing processes or product designs may require additional research, testing, and development. This can lead to additional costs and time investments, especially for industries unfamiliar with MMCs.

Overview of Key Segments

Aluminum MMC to Witness Extensive Adoption

Aluminum is widely known for its low density, and when combined with lightweight reinforcement materials, aluminum MMCs offer an excellent strength-to-weight ratio. This makes them ideal for applications where weight reduction is critical, such as in aerospace and automotive industries, leading to improved fuel efficiency and performance.

Incorporating reinforcement materials enhances the mechanical properties of aluminum MMCs, resulting in improved tensile strength, hardness, and stiffness. This makes them suitable for structural components in various industries, where strength and durability are essential.

Adding certain reinforcement materials can significantly enhance the wear and corrosion resistance of aluminum MMCs. This makes them valuable for applications in harsh environments, such as marine equipment, automotive brake systems, and machinery subjected to abrasive conditions. Despite their enhanced properties, aluminum MMCs can still be machined using conventional methods, making them more practical for manufacturing and fabrication.

Moreover, aluminum is a highly recyclable material, and when used in MMCs, it contributes to the overall sustainability of the composite. Additionally, the lightweight nature of aluminum MMCs can lead to lower energy consumption and lower greenhouse gas emissions in transportation.

Automotive and Transportation Industry Promises Maximum Opportunity

Use of MMCs in the automotive and transportation industries increased due to various factors. One of the primary drivers for adopting MMCs in the automotive and transportation sectors is their ability to reduce weight while maintaining or improving structural integrity. Lightweighting is crucial for achieving higher fuel efficiency and reducing vehicle emissions, making MMCs attractive for components like body panels, chassis parts, and suspension systems.

MMCs provide higher mechanical properties, such as strength, stiffness, and wear resistance, than traditional materials like steel or aluminum alloys. This performance improvement made MMCs suitable for critical automotive components like engine parts, brake systems, and transmission components.

The rise in the adoption of electric and hybrid vehicles created a demand for lightweight materials that could extend the driving range and improve overall efficiency. MMCs offered lightweight solutions while maintaining electric vehicle components' strength and structural integrity. Moreover, MMCs with improved damping properties helped reduce noise, vibration, and harshness in vehicles, enhancing passenger comfort and driving experience.

Growth Opportunities Across Regions

North America Leads, Gains from Aerospace and Defense Industry

North America dominated the global metal matrix composites market. Several factors contribute to North America's dominance in this market. North America is home to some of the world's most advanced aerospace and defense companies, including major companies and research institutions.

MMCs have been widely adopted in aerospace applications due to their lightweight and high-strength properties, making them suitable for critical components in aircraft and space vehicles. The demand from these industries has driven the growth of the MMC market in the region. North America has a well-established and significant automotive industry.

The region's automotive manufacturers and suppliers have shown a growing interest in lightweight materials like MMCs to improve fuel efficiency and meet regulatory standards related to emissions. The adoption of MMCs in automotive applications has further contributed to North America's dominance in the global MMC market.

North America has been at the forefront of research and development in advanced materials, including metal matrix composites. The presence of leading research institutions, universities, and private research organisations has facilitated innovations in MMC technology and contributed to its widespread adoption in various industries.

The region's robust infrastructure and advanced manufacturing capabilities have allowed for efficient production and commercialisation of MMCs. The well-developed supply chain and manufacturing ecosystem support the growth of the MMC market in North America.

In addition, supportive government policies and funding initiatives for research and development in advanced materials and technology have encouraged the adoption of MMCs in various industries in the US, thus bolstering their increased usage.

Asia Pacific Picks Pace in Line with Rapid Industrialisation

The market for metal matrix composite across the Asia Pacific will display a significant CAGR over the forecast period. The Asia Pacific region is developing as a lucrative market for metal matrix composites.

The Asia Pacific region has experienced rapid industrialisation and economic growth over the past few decades. As countries in the region continue to boost their manufacturing sectors and invest in infrastructure projects, the demand for advanced materials like MMCs has increased.

The automotive industry in Asia Pacific, especially in countries like China and India, has been expanding significantly. According to the International Organization of Motor Vehicle Manufacturers (OICA), around 5,00,20,793 vehicles were produced in the year 2022 in the Asia Pacific region, with India showing the best performance.

With a focus on enhancing fuel efficiency and reducing emissions, automakers in the region are looking for lightweight materials like MMCs to achieve these objectives. The Asia Pacific region has experienced rapid industrialisation and economic growth over the past few decades. As nations in the region continue to expand their manufacturing sectors and invest in infrastructure projects, the demand for advanced materials like MMCs has increased.

As countries in the Asia Pacific invest in infrastructure projects, there is an increased need for advanced materials in construction and transportation applications. MMCs offer the advantage of being lightweight and strong, making them attractive for various infrastructure projects, thus driving market growth in the region.

Metal Matrix Composite Market: Competitive Landscape

Some of the leading players at the forefront in the metal matrix composite market space include Materion Corp, GKN plc, 3M, ADMA Products Inc., TISICS Ltd., Rio Tinto Alcan, DWA Aluminum Composites USA, Inc., CPS Technologies Corp, Deutsche Edelstahlwerke GmbH, Plansee SE, Sandvik AB, Mi-Tech Tungsten Metals LLC, DAT Alloytech Co. Ltd., AMETEK Specialty Metal Products, CeramTec, and Santier Inc.

Recent Notable Developments

In June 2023, TISICS, one of the world-leading metal composites companies, unveiled its groundbreaking innovation. Light Land. It is a lightweight landing gear for commercial aircraft. This innovative endeavor is expected to deliver CO2 savings by 2030, helping to propel the industry toward its ambitious goal of achieving Net Zero emissions by 2050. Currently, aircraft are made of 50% metal components. Still, by replacing these metal components with TISICS's lightweight and high-strength metal composites, the aviation industry can pave the way for a future where every aircraft is lighter and more fuel-efficient.

In March 2021, Alvant, a leading manufacturer of aluminum matrix composites (AMC) materials, signed a Memorandum of Understanding (MoU) to further a strategic partnership with advanced materials technology company 3M to accelerate the development of its capabilities and find real-world applications. The collaboration focuses on advancing core technology in electric machines (motor and generator) and lightweight metallic components, which require enhanced performance characteristics.

Global Metal Matrix Composite Market is Segmented as Below:

By Matrix Type

  • Aluminum MMC
  • Copper MMC
  • Magnesium MMC
  • Super Alloys MMC
  • Miscellaneous

By Reinforcement Type

  • Continuous
  • Discontinuous
  • Particles

By Production Technology

  • Liquid Metal Infiltration
  • Powder Metallurgy
  • Casting
  • Deposition techniques

By End-use Industry

  • Automotive & Transportation
  • Aerospace & Defense
  • Electrical & Electronics
  • Industrial
  • Miscellaneous

By Geographic Coverage

  • North America 
    • U.S.
    • Canada 
  • Europe 
    • Germany
    • UK.
    • France
    • Italy
    • Russia
    • Rest of Europe 
  • Asia Pacific 
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific 
  • Latin America 
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middle East & Africa  
    • GCC 
    • South Africa
    • Rest of the Middle East & Africa

1. Executive Summary
    1.1. Global Metal Matrix Composite Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, by Volume/Value, 2022
    1.5. Analyst Recommendations

 

2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
           2.2.1. Drivers
           2.2.2. Restraints
           2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. Porter’s Five Forces Analysis
    2.5. Covid-19 Impact Analysis
           2.5.1. Supply
           2.5.2. Demand
    2.6. Impact of Ukraine-Russia Conflict
    2.7. Economic Overview
           2.7.1. World Economic Projections
    2.8. PESTLE Analysis

 

3. Production Output and Trade Statistics
    3.1. Global Metal Matrix Composite Production, 2018 - 2022
    3.2. Metal Matrix Composite Import Statistics, 2018 - 2022
    3.3. Metal Matrix Composite Export Statistics, 2018 - 2022

 

4. Price Trends Analysis and Future Projects, 2018 - 2030
    4.1. Global Average Price Analysis, by Product, US$ per Kg
    4.2. Prominent Factors Affecting Metal Matrix Composite Prices
    4.3. Global Average Price Analysis, by Region, US$ per Kg

 

5. Global Metal Matrix Composite Market Outlook, 2018 - 2030
    5.1. Global Metal Matrix Composite Market Outlook, by Matrix Type, Volume (Tons), and Value (US$ Bn), 2018 - 2030
           5.1.1. Key Highlights
                 5.1.1.1. Aluminum
                 5.1.1.2. Copper
                 5.1.1.3. Magnesium
                 5.1.1.4. Super Alloys
                 5.1.1.5. Misc.
    5.2. Global Metal Matrix Composite Market Outlook, by Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           5.2.1. Key Highlights
                 5.2.1.1. Continuous
                 5.2.1.2. Discontinuous
                 5.2.1.3. Particles
    5.3. Global Metal Matrix Composite Market Outlook, by Production Technology, Volume (Tons), and Value (US$ Bn), 2018 - 2030
           5.3.1. Key Highlights
                 5.3.1.1. Liquid Metal Infiltration
                 5.3.1.2. Powder Metallurgy
                 5.3.1.3. Casting
                 5.3.1.4. Deposition techniques
    5.4. Global Metal Matrix Composite Market Outlook, by End-use Industry, Volume (Tons), and Value (US$ Bn), 2018 - 2030
           5.4.1. Key Highlights
                 5.4.1.1. Automotive & Transportation
                 5.4.1.2. Aerospace & Defense
                 5.4.1.3. Electronical & Electronics
                 5.4.1.4. Industrial
                 5.4.1.5. Misc.
    5.5. Global Metal Matrix Composite Market Outlook, by Region, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           5.5.1. Key Highlights
                 5.5.1.1. North America
                 5.5.1.2. Europe
                 5.5.1.3. Asia Pacific
                 5.5.1.4. Latin America
                 5.5.1.5. Middle East & Africa

 

6. North America Metal Matrix Composite Market Outlook, 2018 - 2030
    6.1. North America Metal Matrix Composite Market Outlook, by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           6.1.1. Key Highlights
                 6.1.1.1. Aluminum
                 6.1.1.2. Copper
                 6.1.1.3. Magnesium
                 6.1.1.4. Super Alloys
                 6.1.1.5. Misc.
    6.2. North America Metal Matrix Composite Market Outlook, by Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           6.2.1. Key Highlights
                 6.2.1.1. Continuous
                 6.2.1.2. Discontinuous
                 6.2.1.3. Particles
    6.3. North America Metal Matrix Composite Market Outlook, by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           6.3.1. Key Highlights
                 6.3.1.1. Liquid Metal Infiltration
                 6.3.1.2. Powder Metallurgy
                 6.3.1.3. Casting
                 6.3.1.4. Deposition techniques
    6.4. North America Metal Matrix Composite Market Outlook, by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           6.4.1. Key Highlights
                 6.4.1.1. Automotive & Transportation
                 6.4.1.2. Aerospace & Defense
                 6.4.1.3. Electronical & Electronics
                 6.4.1.4. Industrial
                 6.4.1.5. Misc.
           6.4.2. Market Attractiveness Analysis
    6.5. North America Metal Matrix Composite Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           6.5.1. Key Highlights
                 6.5.1.1. U.S. Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.2. U.S. Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.3. U.S. Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.4. U.S. Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.5. Canada Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.6. Canada Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.7. Canada Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 6.5.1.8. Canada Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           6.5.2. BPS Analysis/Market Attractiveness Analysis

 

7. Europe Metal Matrix Composite Market Outlook, 2018 - 2030
    7.1. Europe Metal Matrix Composite Market Outlook, by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           7.1.1. Key Highlights
                 7.1.1.1. Aluminum
                 7.1.1.2. Copper
                 7.1.1.3. Magnesium
                 7.1.1.4. Super Alloys
                 7.1.1.5. Misc.
    7.2. Europe Metal Matrix Composite Market Outlook, by Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           7.2.1. Key Highlights
                 7.2.1.1. Continuous
                 7.2.1.2. Discontinuous
                 7.2.1.3. Particles
    7.3. Europe Metal Matrix Composite Market Outlook, by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
             7.3.1. Key Highlights
                 7.3.1.1. Liquid Metal Infiltration
                 7.3.1.2. Powder Metallurgy
                 7.3.1.3. Casting
                 7.3.1.4. Deposition techniques
    7.4. Europe Metal Matrix Composite Market Outlook, by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           7.4.1. Key Highlights
                 7.4.1.1. Automotive & Transportation
                 7.4.1.2. Aerospace & Defense
                 7.4.1.3. Electronical & Electronics
                 7.4.1.4. Industrial
                 7.4.1.5. Misc.
           7.4.2. Market Attractiveness Analysis
    7.5. Europe Metal Matrix Composite Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           7.5.1. Key Highlights
                 7.5.1.1. Germany Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.2. Germany Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.3. Germany Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.4. Germany Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.5. U.K. Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.6. U.K. Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.7. U.K. Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.8. U.K. Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.9. France Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.10. France Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.11. France Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.12. France Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.13. Italy Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.14. Italy Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.15. Italy Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.16. Italy Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.17. Russia Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.18. Russia Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.19. Russia Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
7.5.1.20. Russia Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.21. Rest of Europe Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.22. Rest of Europe Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.23. Rest of Europe Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 7.5.1.24. Rest of Europe Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           7.5.2. BPS Analysis/Market Attractiveness Analysis

 

8. Asia Pacific Metal Matrix Composite Market Outlook, 2018 - 2030
    8.1. Asia Pacific Metal Matrix Composite Market Outlook, by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           8.1.1. Key Highlights
                 8.1.1.1. Aluminum
                 8.1.1.2. Copper
                 8.1.1.3. Magnesium
                 8.1.1.4. Super Alloys
                 8.1.1.5. Misc.
    8.2. Asia Pacific Metal Matrix Composite Market Outlook, by Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           8.2.1. Key Highlights
                 8.2.1.1. Continuous
                 8.2.1.2. Discontinuous
                 8.2.1.3. Particles
    8.3. Asia Pacific Metal Matrix Composite Market Outlook, by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           8.3.1. Key Highlights
                 8.3.1.1. Liquid Metal Infiltration
                 8.3.1.2. Powder Metallurgy
                 8.3.1.3. Casting
                 8.3.1.4. Deposition techniques
    8.4. Asia Pacific Metal Matrix Composite Market Outlook, by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           8.4.1. Key Highlights
                 8.4.1.1. Automotive & Transportation
                 8.4.1.2. Aerospace & Defense
                 8.4.1.3. Electronical & Electronics
                 8.4.1.4. Industrial
                 8.4.1.5. Misc.
           8.4.2. Market Attractiveness Analysis
    8.5. Asia Pacific Metal Matrix Composite Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           8.5.1. Key Highlights
                 8.5.1.1. China Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.2. China Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.3. China Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.4. China Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.5. Japan Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.6. Japan Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.7. Japan Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.8. Japan Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.9. South Korea Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.10. South Korea Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.11. South Korea Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.12. South Korea Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.13. India Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.14. India Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.15. India Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.16. India Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.17. Southeast Asia Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.18. Southeast Asia Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.19. Southeast Asia Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.20. Southeast Asia Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.21. Rest of Asia Pacific Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.22. Rest of Asia Pacific Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.23. Rest of Asia Pacific Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 8.5.1.24. Rest of Asia Pacific Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           8.5.2. BPS Analysis/Market Attractiveness Analysis

 

9. Latin America Metal Matrix Composite Market Outlook, 2018 - 2030
    9.1. Latin America Metal Matrix Composite Market Outlook, by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           9.1.1. Key Highlights
                 9.1.1.1. Aluminum
                 9.1.1.2. Copper
                 9.1.1.3. Magnesium
                 9.1.1.4. Super Alloys
                 9.1.1.5. Misc.
    9.2. Latin America Metal Matrix Composite Market Outlook, by Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           9.2.1. Key Highlights
                 9.2.1.1. Continuous
                 9.2.1.2. Discontinuous
                 9.2.1.3. Particles
    9.3. Latin America Metal Matrix Composite Market Outlook, by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           9.3.1. Key Highlights
                 9.3.1.1. Liquid Metal Infiltration
                 9.3.1.2. Powder Metallurgy
                 9.3.1.3. Casting
                 9.3.1.4. Deposition techniques
    9.4. Latin America Metal Matrix Composite Market Outlook, by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           9.4.1. Key Highlights
                 9.4.1.1. Automotive & Transportation
                 9.4.1.2. Aerospace & Defense
                 9.4.1.3. Electronical & Electronics
                 9.4.1.4. Industrial
                 9.4.1.5. Misc.
           9.4.2. Market Attractiveness Analysis
    9.5. Latin America Metal Matrix Composite Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           9.5.1. Key Highlights
                 9.5.1.1. Brazil Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.2. Brazil Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.3. Brazil Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.4. Brazil Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.5. Mexico Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.6. Mexico Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.7. Mexico Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.8. Mexico Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.9. Rest of Latin America Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.10. Rest of Latin America Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.11. Rest of Latin America Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 9.5.1.12. Rest of Latin America Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           9.5.2. BPS Analysis/Market Attractiveness Analysis

 

10. Middle East & Africa Metal Matrix Composite Market Outlook, 2018 - 2030
    10.1. Middle East & Africa Metal Matrix Composite Market Outlook, by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           10.1.1. Key Highlights
                 10.1.1.1. Aluminum
                 10.1.1.2. Copper
                 10.1.1.3. Magnesium
                 10.1.1.4. Super Alloys
                 10.1.1.5. Misc.
    10.2. Middle East & Africa Metal Matrix Composite Market Outlook, by Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           10.2.1. Key Highlights
                 10.2.1.1. Continuous
                 10.2.1.2. Discontinuous
                 10.2.1.3. Particles
    10.3. Middle East & Africa Metal Matrix Composite Market Outlook, by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           10.3.1. Key Highlights
                 10.3.1.1. Liquid Metal Infiltration
                 10.3.1.2. Powder Metallurgy
                 10.3.1.3. Casting
                 10.3.1.4. Deposition techniques
    10.4. Middle East & Africa Metal Matrix Composite Market Outlook, by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           10.4.1. Key Highlights
                 10.4.1.1. Automotive & Transportation
                 10.4.1.2. Aerospace & Defense
                 10.4.1.3. Electronical & Electronics
                 10.4.1.4. Industrial
                 10.4.1.5. Misc.
           10.4.2. Market Attractiveness Analysis
    10.5. Middle East & Africa Metal Matrix Composite Market Outlook, by Country, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           10.5.1. Key Highlights
                 10.5.1.1. GCC Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.2. GCC Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.3. GCC Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.4. GCC Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.5. South Africa Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.6. South Africa Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.7. South Africa Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.8. South Africa Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.9. Rest of Middle East & Africa Metal Matrix Composite Market by Matrix Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.10. Rest of Middle East & Africa Metal Matrix Composite Market Reinforcement Type, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.11. Rest of Middle East & Africa Metal Matrix Composite Market by Production Technology, Volume (Tons) and Value (US$ Bn), 2018 - 2030
                 10.5.1.12. Rest Of Middle East & Africa Metal Matrix Composite Market by End-use Industry, Volume (Tons) and Value (US$ Bn), 2018 - 2030
           10.5.2. BPS Analysis/Market Attractiveness Analysis

 

11. Competitive Landscape
    11.1. Product vs End-use Industry Heatmap
    11.2. Manufacturer vs End-use Industry Heatmap
    11.3. Company Market Share Analysis, 2022
    11.4. Competitive Dashboard
    11.5. Company Profiles
           11.5.1. Materion Corp
                 11.5.1.1. Company Overview
                 11.5.1.2. Product Portfolio
                 11.5.1.3. Financial Overview
                 11.5.1.4. Business Strategies and Development
           11.5.2. GKN plc
                 11.5.2.1. Company Overview
                 11.5.2.2. Product Portfolio
                 11.5.2.3. Financial Overview
                 11.5.2.4. Business Strategies and Development
           11.5.3. 3M
                 11.5.3.1. Company Overview
                 11.5.3.2. Product Portfolio
                 11.5.3.3. Financial Overview
                 11.5.3.4. Business Strategies and Development
           11.5.4. ADMA Products Inc.
                 11.5.4.1. Company Overview
                 11.5.4.2. Product Portfolio
                 11.5.4.3. Financial Overview
                 11.5.4.4. Business Strategies and Development
           11.5.5. TISICS Ltd.
                 11.5.5.1. Company Overview
                 11.5.5.2. Product Portfolio
                 11.5.5.3. Financial Overview
                 11.5.5.4. Business Strategies and Development
           11.5.6. Rio Tinto Alcan
                 11.5.6.1. Company Overview
                 11.5.6.2. Product Portfolio
                 11.5.6.3. Financial Overview
                 11.5.6.4. Business Strategies and Development
           11.5.7. DWA Aluminum Composites USA, Inc.
                 11.5.7.1. Company Overview
                 11.5.7.2. Product Portfolio
                 11.5.7.3. Financial Overview
                 11.5.7.4. Business Strategies and Development
           11.5.8. CPS Technologies Corp
                 11.5.8.1. Company Overview
                 11.5.8.2. Product Portfolio
                 11.5.8.3. Business Strategies and Development
           11.5.9. Deutsche Edelstahlwerke GmbH
                 11.5.9.1. Company Overview
                 11.5.9.2. Product Portfolio
                 11.5.9.3. Financial Overview
                 11.5.9.4. Business Strategies and Development
           11.5.10. Plansee Group
                 11.5.10.1. Company Overview
                 11.5.10.2. Product Portfolio
                 11.5.10.3. Financial Overview
                 11.5.10.4. Business Strategies and Development
           11.5.11. Sandvik AB
                 11.5.11.1. Company Overview
                 11.5.11.2. Product Portfolio
                 11.5.11.3. Financial Overview
                 11.5.11.4. Business Strategies and Development
           11.5.12. Mi-Tech Tungsten Metals LLC
                 11.5.12.1. Company Overview
                 11.5.12.2. Product Portfolio
                 11.5.12.3. Financial Overview
                 11.5.12.4. Business Strategies and Development
           11.5.13. DAT Alloytech Co. Ltd.
                 11.5.13.1. Company Overview
                 11.5.13.2. Product Portfolio
                 11.5.13.3. Financial Overview
                 11.5.13.4. Business Strategies and Development
           11.5.14. AMETEK Specialty Metal Products
                 11.5.14.1. Company Overview
                 11.5.14.2. Product Portfolio
                 11.5.14.3. Financial Overview
                 11.5.14.4. Business Strategies and Development
           11.5.15. CeramTec
                 11.5.15.1. Company Overview
                 11.5.15.2. Product Portfolio
                 11.5.15.3. Financial Overview
                 11.5.15.4. Business Strategies and Development
           11.5.16. Santier Inc.
                 11.5.16.1. Company Overview
                 11.5.16.2. Product Portfolio
                 11.5.16.3. Financial Overview
                 11.5.16.4. Business Strategies and Development

 

12. Appendix
    12.1. Research Methodology
    12.2. Report Assumptions
    12.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2022

 

2018 - 2022

2023 - 2030

Value: US$ Million

 

REPORT FEATURES

DETAILS

Matrix Type Coverage

  • Aluminum MMC
  • Copper MMC
  • Magnesium MMC
  • Super Alloys MMC
  • Miscellaneous

Reinforcement Type Coverage

  • Continuous
  • Discontinuous
  • Particles

Production Technology Coverage

  • Liquid Metal Infiltration
  • Powder Metallurgy
  • Casting
  • Deposition techniques

End-use Industry Coverage

  • Automotive & Transportation
  • Aerospace & Defense
  • Electrical & Electronics
  • Industrial
  • Miscellaneous

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • Materion Corp
  • GKN plc
  • 3M
  • ADMA Products Inc.
  • TISICS Ltd.
  • Thermal Transfer Composites LLC
  • DWA Aluminum Composites USA, Inc.
  • CPS Technologies Corp
  • Deutsche Edelstahlwerke GmbH
  • Plansee Group
  • Sandvik AB
  • Mi-Tech Tungsten Metals LLC
  • DAT Alloytech Co. Ltd.
  • AMETEK Specialty Metal Products
  • CeramTec
  • Santier Inc.

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis,

Technological Roadmap, Key Trends, Driver, Restraints, and

FutureOpportunities & Revenue Pockets, Porters 5 Forces Analysis,

Historical Trend (2019-2021)Market Estimates and Forecast, Market 

Dynamics, Industry Trends, Competition Landscape, Category,

Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis

(Demand and Supply Chain)

FAQs : Metal Matrix Composite Market

Metal matrix composites are advanced materials composed of a metal matrix (typically aluminum, titanium, or magnesium) reinforced with high-strength materials like ceramic particles, fibres, or nanoparticles. These materials offer superior properties, including greater strength and stiffness, higher wear resistance and thermal stability, as compared to traditional material choices like metals, and alloys. Such attributes make metal matrix composites preferred across multiple industries.

North America dominated the global metal matrix composites market in 2022, majorly attributing to the fact that the region is home to some of the world's most advanced aerospace and defense companies that create a continuous, voluminous stream of demand generation opportunities. On the other hand, the market of Asia Pacific will display a significant CAGR over the forecast period.

GKN plc, 3M, Rio Tinto Alcan, Deutsche Edelstahlwerke GmbH, Sandvik AB, and Santier Inc. are some of the biggest names heading the competitive landscape of the global metal matrix composite industry.

Toward the end of 2030, the global market for metal matrix composites is forecast to surpass the billion-dollar mark to reach a value of US$1.2 billion, displaying a robust growth rate of 11% between 2023 and 2030.

Some of the biggest challenges that face this industry include the high costs of production and material development, as well as the complexity of manufacturing MMC components. Additionally, lack of standardisation in testing and quality control procedures plays out as a challenge when it comes to ensuring consistent material properties. Competition from alternative materials in another longstanding challenge.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

View Methodology
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