Metal Matrix Composite Market Size, Trends, Growth Factors, Regional Segment Revenue Analysis, 2020–2027

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The latest research study published by Reports and Data titled Metal Matrix Composite market provides a thorough assessment of the market. The global metal matrix composites market is forecast to reach USD 542.8 Million by 2027, according to a new report by Reports and Data. The report analyzes the historical and present-day scenario of the global Metal Matrix Composite market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the Metal Matrix Composite market, to identify the opportunistic avenues of the business potential for stakeholders. The report offers key insights into market share, market size, and market revenue growth for the forecast period 2021-2027.

The Materials and Chemicals sector encompasses a wide range of commodity-related manufacturing industries. Included in this sector are companies that manufacture chemicals, construction materials, glass, paper, forest products and related packaging products, and metals, minerals and mining companies, including producers of steel. Materials and chemicals are used across various end-use industries such as medical & pharmaceutical, food technology, manufacturing, among others. Increasing consumer awareness regarding energy-efficiency and growing need to reduce carbon emissions have prompted industry layers to produce goods in a manner that it has least impact on the environment.

The report also utilizes key statistical tools such as SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and venture return analysis to offer better insights into the market landscape. The report also covers recent developments and trends and provides a comprehensive industry overview to help readers understand the complete scenario and dynamics of the Metal Matrix Composite market.

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Key participants include: CPS Technologies Corporation, Materion Corporation, GKN Sinter Metals, Metal Matrix Cast Composites, 3M, Deutsche Edelstahlwerke GmbH, Sandvik AB, Ferrotec Corporation, Plansee Se, and Ceramtec, among others.

Metal Matrix Composite Segmentation:

Product Outlook (Revenue, USD Billion; 2017-2027)

Aluminum Metal Matrix Composite
Magnesium Metal Matrix Composite
Refractory Metal Matrix Composite
Others
Production Technology Outlook (Revenue, USD Billion; 2017-2027)

Liquid Metal Infiltration
Powder Metallurgy
Casting
Depositions Techniques
End-User Outlook (Revenue, USD Billion; 2017-2027)

Ground Transportation
Thermal Management
Aerospace
Industrial
Others
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Further key findings from the report suggest

Metal matrix composites material has a low thermal expansion coefficient and high thermal conductivity than aluminum and copper, thereby promoting its use in semiconductor manufacturing. Metal matrix composite protects devices from radiofrequency and thermal stress and has wide applications in the electronic packing system.
In Europe, the Metal matrix composites market is driven by Germany, France, and the U.K. and is expected to witness steady growth. An increase in consumer spending on healthcare and automobile sector may drive regional growth.
Among the regional segment of the metal matrix composite market, North America is leading the market at present with 34.8% of the global market revenue. Asia-Pacific is expected to register the highest CAGR of 6.4% over the forecasted period.
The robotic application may witness favorable gains over the forecasted period. The global industrial robotic market may exceed over USD 80 billion by 2024. Metal matrix composites have excellent mechanical strength, high temperatures resistance, lightweight, and better wear & tear resistance makes them a suitable material for robot construction.
Among the product segment of the metal matrix composite market, the refractory metal matrix is presently leading the market, and it will continue to dominate with an estimate to register the highest CAGR of 6.2% over the forecasted period.
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