HOME Research Insight Acquisition and New Product Launch are the Key Development Strategies Adopted by the Leading Players in the Metal Matrix Composite Market.

Acquisition and New Product Launch are the Key Development Strategies Adopted by the Leading Players in the Metal Matrix Composite Market.

Metal Matrix Composite (MMC) is a subgroup of composite materials, which is formed by reinforcing fibers or silicon carbide, alumina, graphite, and other materials with a metal matrix. The metal matrix is usually formed using metals such as aluminum and magnesium. The strength, stiffness, and other properties of MMC depend on the type of reinforcement and the matrix used. MMCs offer a unique balance of physical and mechanical properties. MMCs are used in to manufacture automotive brake pads, brake drums, rail brake discs, engine components, aero-structure & aero-propulsion components, and various other parts. The MMC market is projected to reach USD 619.1 Million by 2021, growing at a CAGR of 6.10% from 2016 to 2021.

The key companies offering MMC products have adopted strategies such as acquisition and new product launch to strengthen their positions in the MMCs market and expand their global presence. Major companies have also invested significantly in R&D to develop new MMCs and related technology.

The major manufacturers profiled in this report are Materion Corporation (U.S.), 3M (U.S.), CPS Technologies Corporation (U.S.), Metal Matrix Cast Composites (U.S.), GKN Sinter Metals (U.K.), and Deutsche Edelstahlwerke GmbH (Germany).

Materion Corporation is one of the largest manufacturers of MMC in the world. The company adopts the strategy of acquisition to expand its market share. The company focuses on the high value aerospace market for increasing its revenue. In 2012, the company acquired Aerospace Metal Composite Limited (U.K.), a leading producer of aluminum-based unique and ultrafine particulate MMCs. This helped the company to provide new technological solutions to its customers and expand its platform of applications in aerospace industries.

CPS Technologies is another major company that offers MMC products for power electronics and hermetic packaging applications. As a part of its growth strategy, the company focuses on developing new products and technology to meet the requirements of the end-use industries.  In 2012, the company has launched armor grade materials for armor designers, developed with MMC processing technology. This helped the company to produce lightweight, strong, ballistic, and blast mitigating materials for aerospace and defense industries.

Both companies have also made significant investments in R&D activities in 2016.

Related Reports:

Metal Matrix Composite Market by Type (Aluminum MMC, Magnesium MMC, Refractory MMC), Production Technology, Reinforcement (Continuous, Discontinuous, Particle), End Use Industry, and Region - Global Forecast to 2021

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