World Metal Matrix Composites Market to Exceed US$322 Million by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Metal Matrix Composites markets. Global market for Metal Matrix Composites (MMC) is projected to exceed US$322 million by the year 2017. Growth will be primarily driven by technology innovations, developments in manufacturing and forming methods, breakthroughs in machining MMCs, falling production costs, and the ensuing expansion in end-use applications in high-end industries, such as automotive, semiconductors, and aerospace & defense.

Metal Matrix Composites: A Global Strategic Business Report

Follow us on LinkedIn – As constructional and functional materials capable of meeting desired material standards and specifications, Metal Matrix Composites find ubiquitous uses in a wide range of industries. Opportunities in this market remain as broad as the unlimited possibilities these innovative materials open up in the field of modern material science. The infinite combination of various material systems offers the potential for unlimited variations. In the automobile industry, MMCs has and will continue to be driven by the growing demand for lighter and fuel efficient vehicles. MMCs are emerging as a viable alternative to facilitate the production of lighter vehicles. The market in the upcoming years is forecast to witness increased investments in research & development, especially in the field of light metal matrix composites. In the microprocessor industry, MMCs are used to meet the heat generation challenges posed by increasing performance of microprocessors.

The nuclear power equipment industry also promises ample opportunities for growth. Increasing demand for energy, rising prices of fossil fuels, need for cheaper, inexpensive power, juxtaposed with the growing adoption of nuclear power by countries worldwide, indirectly presents business opportunities for MMCs in the manufacturing of nuclear reactor components. The scale of opportunities can be put into perspective by the fact that over 60 new reactors are scheduled to commence commercial operations between 2010 and 2020, while an additional 70 reactors are in various planning stages in developing countries. In the power transmission industry, growing population, spiraling demand for energy, investment in power utility infrastructure will continue to support growth of power transmission systems. Also, since storage of electricity is an expensive proposition, electric power produced is delivered almost simultaneously, and this directly translates into the need for highly efficient transmission and distribution equipment. MMCs, as materials with tailored properties, are therefore forecast to witness healthy demand in the manufacture of power transmission housings, cables, electric conductors and lines. Steady growth in the electronics and semiconductors industry also bodes well for the use of MMCs in thermal management applications such as in power conversion and electronic packaging applications.

While all key end-use industries are recovering from the 2007-2009 recession, the industries in Europe are running into a fresh set of challenges. The semiconductor, electronics, automotive, and industrial equipment industries currently remain nervous over the play out of the debt crisis that currently hangs over Western Europe. Macro themes affecting Europe include the prolonging of the sovereign debt crisis as a result of the half-measures implemented till date in attempts to stave off the crisis, a dysfunctional financial system that is fuelling a slow-motion economic collapse and fears over reduced consumer spending and slower economic growth as a result of austerity measures. At the extreme pessimistic end of the spectrum, bearish outlook indicates a possible collapse of the Euro as a common currency, which could pose insurmountable problems for the MMC market. Under such a scenario, higher inflation, credit restrictions, and capital shortages as a result of austerity measures, higher unemployment and reduced consumer spending could spiral out of control, significantly denting market prospects. A more balanced outlook is the possible exit of the debt ridden economies, Portugal, Italy, Ireland, Greece and Spain, from the European Union. A return to local currencies, which would be massively devalued, will also bring in critical implications for the market.

In the automobile industry in the region, immediate production cutbacks are not seen as likely, given the yet patchy slowdown in auto sales. For instance, there pockets of strength continue to exist in the region, such as in Germany and the UK alongside the quarterly weakness witnessed in France, Spain and Portugal. Production continues to hold up even in the face of weaker than expected growth and optimism remains with no downgrade in the outlook for auto production. Manufacturing activities, engineering activities, and industrial production, which continued to recover from 2010 through 2011 is expected to continue into the year 2012. For instance, in Germany, industrial and manufacturing output is holding up well as indicated by the country’s yet strong export market, a key reason for the country’s superior handling of its debt crisis in comparison with Greece, Portugal, Spain and Italy. Given the yet unclear signs of a possible decline in industrial production in Europe, factory investments will continue into the immediate future. The yet healthy sales of consumer electronics, flat-screen TVs, laptops, and smartphones, witnessed during the holding season in December 2011, additionally indicates that consumer confidence is holding up. Also, the influx of overseas shoppers, as result of the Euro depreciation, has also benefited retail sales. Against the backdrop of all of these factors, consumer spending which continues to remain a key pillar of growth across all the end-use markets is expected to hold up in the year 2012, and yet another cycle of downturn is currently not seen as likely for the MMC market.

As stated by the new market research report on Metal Matrix Composites, United States remains the largest market worldwide. Asia-Pacific is expected to emerge into the fastest growing regional market with a projected CAGR of 6.9% over the analysis period.

Market players in the industry include 3A Composites, 3M Company, ADMA Products, Inc., Aerospace Metal Composites Limited, Ametek Specialty Metal Products, Ceradyne, Inc., CPS Technologies Corporation, DWA Aluminum Composites, Deutsche Edelstahlwerke GmbH, FMW Composite Systems, Inc., Hitachi Metals, Ltd., Metal Matrix Cast Composites LLC, MI-Tech Metals Inc., Momentive, N.V. Bekaert S.A., Thresher Industries, Inc., Thermal Transfer Composites LLC, among others.

The research report titled “Metal Matrix Composites: A Global Strategic Business Report” announced by Global Industry Analysts, Inc. provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The metal matrix composites market is analyzed in US$ Million and ‘000 lbs by the following geographic regions – United States, Europe, Asia-Pacific (including Japan), and Rest of World. Segments analyzed under the report include Aluminum Matrix Composites, Nickel Matrix Composites, Refractory Metal Matrix Composites, and Other Metal Matrix Composites. In addition, the report also analyzes consumption of metal matrix composites by the following end use markets: Ground Transportation, Electronics/Thermal Management, Aerospace, Industrial, and Others (including consumer products and defense sectors).

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
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