Metal Matrix Composites (MMCs): A Global Strategic Business Report
San Jose, California (PRWEB) September 15, 2014
Follow us on LinkedIn – Supported by superior properties with regard to tensile strength, stiffness, thermal conductivity, weight, and corrosion and wear resistance, metal matrix composites are finding increased preference over traditional metals in the production of a range of parts and components in different application areas. Also, by using selective reinforcement techniques, MMCs can provide economically feasible solutions for a wide range of commercial applications. Featuring ever developing characteristics that are hard to find in alloys or traditional metals, MMCs have been finding rapid adoption as a material of choice for several engineering tasks. The need for producing durable, corrosion resistant and light weight parts and components for various applications has and will continue to drive steady gains in the metal matrix composites market.
Future growth in the global MMC market will be driven by technology innovations, developments in manufacturing and forming methods, and breakthroughs in machining MMCs. With many universities and manufacturers also engaged in research and development, the MMCs market will continue to flourish in the coming years. Use of MMCs initially was largely limited to aerospace & military sector where they are typically used for producing a range of parts and components used in aircraft and other defence related equipment. As constructional and functional materials capable of meeting desired material standards and specifications, metal matrix composites started finding ubiquitous use in a range of commercial applications such as automobiles and electronics.
The automotive industry, along with other ground transport applications, currently represents the largest revenue contributor in the global MMC market, followed by the electronics sector. Growth prospects for metal matrix composites in the automotive industry are expected to increase over the next few years driven by projected rise in auto sales and subsequent rise in their production across the globe. Automotive production is expected to pick up in the coming years in order to serve rising demand for new passenger cars in emerging markets. Steady rise in automotive and automotive components production activity in low cost markets such as China and India, will further fuel demand for high performance metal matrix composites in this segment. Increasing new orders for locomotives in response to growing need for improving land based transportation, particularly for inter-city and urban transportation also augurs well for MMCs. MMCs are increasingly being used in production of a range of components and parts for railway coaches, which help drive down costs and power consumption in these applications, in addition to providing easy installation, low maintenance, fire resistance, and light weight features.
As stated by the new market research report on Metal Matrix Composites, the United States represents the largest regional market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 8.4% over the analysis period. Growth in the region is driven by expanding industrial sector, robust manufacturing/processing activity, steady economic development, and subsequent rise in demand for industrial equipment. Automation of manufacturing units, increased use of production line machinery, and thriving automotive and electronics industries represent other growth drivers in the Asia-Pacific region. Segment-wise, Refractory Metal Matrix Composites represents the most prominent product segment with sales registering a CAGR of 7.7 % over the analysis period.
Key players covered in the report include 3A Composites International AG, 3M Company, Ceradyne, Inc., ADMA Products, Inc., Ametek Specialty Metal Products, CPS Technologies Corporation, Daewha Alloytic Co. Ltd., Deutsche Edelstahlwerke GmbH, DWA Aluminum Composites, GKN PLC, Hitachi Metals, Ltd., Materion Corporation, Metal Matrix Cast Composites LLC, MI-Tech Metals, Inc., PLANSEE Thermal Management Solutions, Sandvik AB, Sumitomo Electric Industries, Ltd., Thermal Transfer Composites LLC, and TISICS Ltd., among others.
The research report titled “Metal Matrix Composites (MMCs): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America and Rest of World. Product segments analysed for the Global market include Aluminum Matrix Composites, Nickel Matrix Composites, Refractory Metal Matrix Composites, and Other Metal Matrix Composites. End-use applications analyzed for the Global market include Ground Transportation, Electronics/Thermal Management, Aerospace, Industrial, and Others.
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