Metal Matrix Composite Forecasts to 2028 - Global Analysis By Production Technology, Matrix Type, Fillers and Others

According to Stratistics MRC, the Global Metal Matrix Composite Market is accounted for $432.18 billion in 2022 and is expected to reach $701.20 billion by 2028 growing at a CAGR of 8.4% during the forecast period. Metal matrix composites were composite materials that have metal as the primary constituent and a secondary component that could be any number of metals or non-metallic substances, such as ceramic or organic compounds. Metal matrix composites have a number of advantages over other materials, including improved physical and mechanical qualities including tensile strength, water resistance, and fire resistance, as well as the ability to be used at a variety of temperatures. These composites also provide the option to customise these characteristics to fulfil particular needs, which distinguishes this substance from other composites.

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Market Dynamics:

Driver:

Increasing Demand for light weight materials in aerospace and defense industry

Metal matrix composites provide increased stiffness and specific strength, which enhance the overall performance of the aircraft. As to its widespread use in both commercial and military aircraft, metal matrix composite is in high demand in the aerospace and defence sector. Also, the requirement for metal matrix composites in room applications is anticipated to increase over the forecast period because to the improved resilience to heat and mechanical stress. The aerospace and defence industry is currently in a "supercycle," mostly because of significant order backlogs, which could influence industry production over the next coming years.

Restraint:

Slowdown in Automotive Production

The automobile sector prefers metal matrix composites because they assist in overcoming issues including the need for fuel efficient, recyclable, safe, or low-emission vehicles. They are utilised in many different parts of the car, including the braking callipers, brake rotors, lifters, rockers, connecting rods, crumple zones, combustion chambers, pistons, cam lobes, tappets, and crumple zones. The production and expansion of the automotive sector have a considerable impact on the demand for and utilization of metal matrix composites. The automobile business had optimistic development for a decade, but recent years have seen a slowdown in growth. The bulk of countries' previously rising vehicle production has been hurt by this. Markets, business models, and the environment for competition are all undergoing changes. Hence, it is anticipated that the market for metal matrix composites will be impacted by the fall in car production.

Opportunity:

Growing use in locomotive industry

The market for metal matrix composites is anticipated to experience profitable growth due to the rising significance of lightweight railway vehicles and the trend towards high-speed trains and metros. Many parts of railway vehicles, such as braking system, engine blocks, connecting rods, calliper liners, pistons, and bearings, are made of metal matrix composites. High-speed train and subway projects are being funded by several nations around the world, particularly in Asia-Pacific & Europe, which should provide up chances for the industry under investigation.

Threat:

Lack of technical expertise

The heterogeneity of metal matrix composites and the variety of applications from end-user industries are seen to be the main obstacles for designers when trying to produce composite parts with the appropriate level of accuracy. The manufacturing processes used by the metal matrix composites sector, including as casting, powder metallurgy, and liquid infiltration techniques, are extremely complicated and call for technical expertise to complete. The development of the metal matrix composites market is anticipated to be hampered by the absence of technical competence in the sector in emerging nations.

COVID-19 Impact

The COVID pandemic caused a decline in the market growth for metal matrix composites as the implementation of lockdowns and restrictions on movement resulted in the closure of plants, a shortage of labour and raw materials, and a reduction in the operations of main end users of MMCs like the aerospace and automotive industries. Yet, as a result of the government easing up on limitations, the productivity of these significant end users is steadily rising and will continue to do so in the future, giving the market for performance enhancers a bright future.

The Aluminium metal matrix composites segment is expected to be the largest during the forecast period

The Aluminium metal matrix composites segment is estimated to have a lucrative growth. Aluminium metal matrix composites are a class of materials that have demonstrated their ability to compete in situations where lightweight, high stiffness and moderate strength are required. Due to the variety of reinforcement fibers and versatility in their main manufacture, aluminium metal matrix composites have a great deal of promise for developing composites with the appropriate qualities for some uses.

The Automotive & Locomotive segment is expected to have the highest CAGR during the forecast period

The Automotive & Locomotive segment is anticipated to witness the fastest CAGR growth during the forecast period. Metal matrix composites used in automobiles are built mostly out of aluminium and its alloys. In order to reduce the number of capability of making and, as a result, noise and vibration, MMCs is frequently used in the construction of car engines. Due to their affordability and lightweight nature, aluminium and its alloys are employed much more frequently in the automotive industry than other light metals like titanium and magnesium. The most commonly attacked part of the engine is the piston crown, where the MMC's higher hot strength allows utilizing a lighter component.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to

The greatest car manufacturing sector in the world is found in China. Production and sales in the electronics sector are rapidly increased by MMC manufacturers. Asia Pacific region, such as India and China, are expected to witness faster gains in the market due to the expansion of the strong growth in automotive production and the high concentration of electronics manufacturers in China, Japan, South Korea, and Taiwan.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to developing technology, an expansion in R&D facilities, and escalating consumer demand. There is a huge need for newer and quicker electronic gadgets due to the rapid pace of innovation, technological advancements. The emphasis on developing high-end products has led to a significant increase in the quantity of production facilities and development centres in the United States.

Key players in the market

Some of the key players profiled in the Metal Matrix Composite Market include: Sumitomo Electric Industries, Ltd., 3M Company, Hitachi Metals, Ltd., ADMA Products, Inc., GKN plc, Materion Corp., TISICS Ltd., 3A Composites, AMETEK Specialty Metal Products, Denka Company Limited , Plansee Group, MTC Powder Solutions AB, DAT Alloytech and CPS Technologies Corp.

Key Developments:

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In May 2022, Denka Company Limited launched TOYODRAIN ACE, a new grade in the TOYODRAIN series (hereinafter, TOYODRAIN) of polyethylene drainpipes for agriculture and civil engineering.

Production Technologies Covered:

• Powder Metallurgy
• Casting
• Liquid Metal Infiltration
• Deposition Techniques
• Other Production Technologies

Matrix Types Covered:

• Super Alloys MMC
• Aluminium MMC
• Copper MMC
• Magnesium MMC
• Nickel MMC
• Refractory MMC
• Other Matrix Types

Fillers Covered:

• Titanium Carbide
• Silicon Carbide
• Aluminum Oxide
• Carbon Fiber

Reinforcement Types Covered:

• Particles
• Continuous
• Discontinuous

End Users Covered:

• Aerospace and Defense
• Industrial
• Automotive
• Transportation
• Electrical and Electronics
• Thermal Management
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances