Albany, New York – Transparency Market Research has released a new market report titled "Metal Matrix Composites (MMC) Market for Ground Transportation, Electronics/Thermal Management, Aerospace and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019." According to the report, the MMC market generated revenue of $228.7 million in 2012 and is anticipated to reach $357.3 million by 2019, expanding at a CAGR of 6.6% from 2013 to 2019. The global demand for MMC was 5,496.4 tons in 2012.
Metal matrix composites (MMC) are composite materials comprising at least two components: (i) a metal matrix; (ii) reinforcement. MMC are used to produce lightweight and durable parts for ground transportation, electronics/thermal management, aerospace, defense, marine, nuclear and other industries. The ground transportation segment was the largest end-user of MMC in 2012, while electronics/thermal management is likely to be the fastest growing end-user segment in the near future. Rising global demand for MMC from ground transportation, electronics/thermal management and aerospace industries is estimated to drive the global MMC market in the next few years.
The aerospace segment of the MMC market is projected to record stable growth in the near future due to positive outlook of the aerospace industry.
North America dominated the global MMC market, accounting for 34.8% of global volume consumed in 2012. Growth of the MMC market in North America is primarily driven by rising demand from automotive and aerospace industries in the U.S. North America was followed by Asia Pacific with 29.3% share in the global volume consumption. Increasing demand from countries in Asia such as India and China is anticipated to drive the MMC market in Asia Pacific in the near future. Major players in the MMC market include Materion Corp., Sandvik AB, GKN PLC, 3M, Plansee SE, Sumitomo Electric Industries Ltd., Hitachi Metals Ltd., CPS Technologies Corp., Deutsche Edelstahlwerke GmbH, and 3A Composites.
Metal Matrix Composites Market - Product Segment Analysis
• Aluminum MMC
• Nickel MMC
• Refractory MMC
• Others (Including magnesium MMC, beryllium MMC, titanium MMC, etc.)
Metal Matrix Composites Market - End-user Analysis
• Ground Transportation
• Electronics/Thermal Management
• Others (Including defense, industrial equipment, marine, nuclear, etc.)
Metal Matrix Composites Market - Regional Analysis
• North America
• Asia Pacific
• RoW (South America, Africa and the Middle East)
Source: Transparency Market Research