Metal Matrix Composite is basically a combination of two constituents among which one has to be metal while the other one can be a metal or a non-metal substance such as ceramic or other. Metal Matrix Composite is organized through a number of technologies such as powder metallurgy, liquid infiltration, casting, and others. Ground transportation, aerospace, thermal management, and others are some of the application areas where metal matrix composite is utilized.
Global Metal Matrix Composite Market: Key Players
The research study includes profiles of leading companies operating in the global metal matrix composite market. Key players profiled in the report include: CPS Technologies Corporation, The 3M Company, Deutsche Edelstahlwerke GmbH, Ferrotec Corporation, Sandvik AB, GKN Sinter Metals, CeramTec, Santier Inc., TISICS Ltd., Thermal Transfer Composites LLC and others.
Drivers for the Global Metal Matrix Composite Market:
According to current market situation, rising need for lightweight as well as high-performance materials in the automotive and aerospace industries is anticipated to drive the market over the coming years. Additionally, growing focus on performance enhancement, in terms of fuel efficiency and safety, is expected to be the major factor augmenting the product demand over the forecast period.
Opportunities for the Global Metal Matrix Composite Market:
Metal matrix composite have extensive demand in the aerospace and automotive industries because of its superior mechanical properties and a wide scope of application. Moreover, rising fuel prices have triggered the requirement for lightweight components to boost the fuel-efficiency, which, in turn, is projected to have a positive impact on market growth. One of the most vital factors that affect vehicular pollution and fuel efficiency is the curb weight, reduction of which drastically increases fuel efficiency and reduces pollution. This, in turn, is anticipated to boost the demand for MMCs over the coming years.
Restrains for the Global Metal Matrix Composite Market:
However, factors such as low yield, high manufacturing costs, and complex fabrication methods, are expected to limit market growth. Moreover, high costs required to set up systems needed for MMC production might discourage small-scale businesses having less capital from venturing into this field, furthermore posing as a key growth obstacle. These are the factors which hampers the metal matrix composite market.
Region Wise, Global Metal Matrix Composite Market Analysis:
On the basis of region, global metal matrix composite market includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Geographically, North America is estimated to be the largest and fastest growing region in the MMCs market during the forecast period. This growth is due to the presence of established MMC manufacturers and increased consumption of MMC in the aerospace and transportation industries in the North American region. North America region is followed by Asia pacific and Europe.
Covid-19: Impact and Recovery Analysis for Global Metal Matrix Composite Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: metal matrix composite market globally. Most of the industries and businesses like: metal matrix composite market is shifting to manufacturing equipment that can support the covid-19 spread from increasing and spreading. The coronavirus pandemic has greatly affected every aspect of the worldwide industry. It has brought along various changes in market conditions. The worldwide crisis of covid-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of metal matrix composite manufacturers and vendors.
Global Metal Matrix Composite Market: Product analysis
- Aluminum MMC
- Magnesium MMC
- Refractory MMC
Global Metal Matrix Composite Market: Application analysis
- Ground Transportation
- Thermal Management
Global Metal Matrix Composite Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East