Metal Matrix Composite Market 2022 Analysis By Size, Share, Growth, Trends Up To 2031 | 3M, CPS Technologies, GKN Sinter Metals, CeramTec, Ferrotec Corporation

The global metal matrix composite market report by the business research company growth of the automotive industry to be a major growth driver for the metal matrix composite market. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Metal matrix composites are used to lower vehicle weight and enhance the efficiency of automobiles. For instance, according to Statista, the global automotive industry is expected to grow to 9 trillion U.S. dollars by 2030, with new vehicle sales accounting for about 38% of this value. Electric vehicle sales are expected to increase from 2.5 million in 2020 to 3.4 million in 2021 and 31.1 million in 2030. Therefore, the expansion of the automotive industry propels the growth of the metal matrix composite market.

The global metal matrix composite market size is expected to grow from $488.39 million in 2021 to $524.83 million in 2022 at a compound annual growth rate (CAGR) of 7.5%. The global metal matrix composite market size is expected to grow to $693.74 million in 2026 at a CAGR of 7.2%.

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North America was the largest region in the metal matrix composite market in 2021. The Asia Pacific was expected to be the fastest region in the global metal matrix composite market forecast period. The regions covered in the global metal matrix composite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Major players in the metal matrix composite market are 3M, CPS Technologies, GKN Sinter Metals, CeramTec, Ferrotec Corporation, Sandvik, Plansee, ADMA Products, Metal Matrix Cast Composites LLC, and TISICS

The global metal matrix composite market is segmented -
1) By Matrix Type: Aluminum MMC, Magnesium MMC, Copper MMC, Super Alloys MMC, Other Matrix Types
2) By Production Technology: Liquid Metal Infiltration, Powder Metallurgy, Casting, Deposition Techniques
3) By End User Industry: Automotive and Transportation, Aerospace and Defense, Electrical and Electronics, Industrial, Other End Use Industry

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The Metal Matrix Composite Market Report Contents Include
1. Executive Summary
2. Metal Matrix Composite Market Characteristics
3. Metal Matrix Composite Market Trends And Strategies
4. Impact Of COVID-19 On Metal Matrix Composite
5. Metal Matrix Composite Market Size And Growth
....
26. Africa Metal Matrix Composite Market
27. Metal Matrix Composite Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metal Matrix Composite Market
29. Metal Matrix Composite Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the Metal Matrix Composite market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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