Transparency Market Research has published a new research report titled “Metal Matrix Composites (MMC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” to their report store.
Albany, NY -- (SBWIRE) -- 12/19/2016 -- A new report on the global metal matrix composites market has been released by Transparency Market Research (TMR). The report, titled 'Metal Matrix Composites (MMC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,' is available for sale on TMR's official website. The revenue of the global metal matrix composites market, according to the report, was US$228.7 mn in 2012. Exhibiting a robust 6.6% CAGR from 2013, the global market is expected to reach an annual revenue figure of US$357.3 mn by 2019. In terms of volume, the global metal matrix composites market totaled 5,496.4 tons in 2012.
Metal matrix composites are composites with at least one metal component. The other component/s can be metallic, ceramic, or even organic substances and are intended to maximize the physio-mechanical properties of the metal matrix. They are manufactured by dispersing the additive through a monolithic metal matrix, i.e. a metal matrix with virtually no impurities. In some cases, the substance dispersed through the matrix may react with the base material to produce undesired end products. To avoid this, the additive is coated with other products that prevent reaction between the base material and additives. The high structural integrity and mechanical strength of metal matrix composites, allied to their low weight, render them immensely useful in ground transportation, aerospace, marine, defense, nuclear, electronics/thermal management, etc.
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According to product type, TMR analysts have segmented the global metal matrix composites (MMC) market into refractory MMCs, aluminum MMCs, nickel MMCs, and others. Among these, refractory metal matrix composites emerged as the largest product segment of the global market, with a revenue share of 40.5% in 2012. Refractory metals, which consist of metals such as tungsten, niobium, rhenium, tantalum, and molybdenum, are a class of metals that is extremely resistant to heat and water. These metals have a massive boiling point – higher than 2000 degrees Celsius – and high density. These properties render them useful in several applications in metallurgy, materials science, etc. The share of the refractory MMCs segment in the global metal matrix composites market is expected to rise slightly to 41% by the end of the forecast period, at a 6.8% CAGR from 2013 to 2019.
According to application, ground transportation was the largest segment of the global metal matrix composites market in 2012 and accounted for more than half of the global market. However, electronics/thermal management is expected to be the fastest growing application segment of the global metal matrix composites market in the forecast period.
The rising demand for metal matrix composites from the automotive and aerospace industries is expected to keep the North America market for metal matrix composites dominant in the global market. The North America market accounted for close to 35% of the global consumption of metal matrix composites in 2012, with Asia Pacific accounting for more than 29%.
In addition to analyzing the performance of the aforementioned segments of the market, the TMR report also presents detailed data about the competitive landscape of the global metal matrix composites market. The product catalogs, financial and business strategies, recent developments, and SWOTs of major market players such as Sandvik AB, Materion Corporation, 3M, Hitachi Metals, Ltd., Plansee SE, CPS Technologies Corporation, Sumitomo Electric Industries, Ltd., GKN PLC, and Deutsche Edelstahlwerke GmbH are examined in the report for the benefit of interested parties.
The global metal matrix composites market is segmented as follows:
Metal Matrix Composites Market: Product Segment Analysis
-Others (Including magnesium MMC, beryllium MMC, titanium MMC, etc.)
Metal Matrix Composites Market: End-user Analysis
-Others (Including defense, industrial equipment, marine, nuclear, etc.)