Metal Matrix Composite Market

Technological growth of Metal Matrix Composite Market

Metal matrix composite (MMC) is formed by reinforcing fibers or particles, such as silicon carbide, alumina, and graphite, with a metal matrix. The metal matrices are based on aluminum, magnesium, and others. The properties of the composite are dependent on the length and alignment of the reinforced fiber. The global carbon capture, utilization, and storage market size is expected to grow from USD 467 million in 2020 to USD 787 million by 2025, at a CAGR of 11.0% during the forecast period.

Over the past years, companies have strengthened their position in the global metal matrix composite market by adopting various strategies and investing a significant amount towards R&D in  order to create products  that are complied with the strict regulations imposed by serospace & automotive sectors. For instance, in 2018, Materion Corporation made an announcement that the Society of Automotive Engineers - Aerospace Material Specification Nonferrous Alloys Committee (SAE-AMS) has approved AMS4369 and AMS4379 specifications for their MMC products, i.e. SupremEX 225XF and SupremEX 225XE respectively. With these two added specifications, Materion now has a four AMS specifications for its SupremEX product line, allowing engineers to use the combination of properties by combining ultrafine silicon carbide reinforcement with aerospace aluminum alloys. These specifications also allows ist MMCs for aero-engine components and aircraft structures , satellite structures, optical systems and automotive pistons.

To know about the assumptions considered for the study download the pdf brochure

The key players in the market include Materion Corpoation (US), CPS Technologies Corporation (US), GKN Sinter Metals (US), 3M (US), Destsce Edelstaslwerke GmbH (Germany), Metal Matrix Cast Composites, LLC (US), Plansee SE (Austria), CeramTec (Germany), Sandvik AB (Sweden), and Ferrotec Corporation (US) among others. COVID-19 has majorly affected the commercial sectors, including automotive & transportation, aerospace & defense and others. Reduced demand from several OEMs and disruption in the supply chain, have compelled the manufacturing companies to operate at partial capacities and reduced staff.

Related Reports:

Metal Matrix Composite Market by Matrix Type (Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC), Reinforcement Type, Production Technology, Reinforcement Material, End-Use Industry, and Region – Global Forecast to 2025

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Metal Matrix Composite Market Size,  Share & Growth Report
Report Code
CH 5237
RI Published ON
10/27/2020
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status