Metal Matrix Composite Market Estimated At USD 558.5 Million By 2027
San Francisco, 13 Dec 2023: The Report Metal Matrix Composite Market Size, Share & Trends Analysis Report By End-use (Ground Transportation, Electronics), By Product (Refractory, Aluminum), By Region, And Segment Forecasts, 2020 - 2027 The global metal matrix composite market size is expected to reach USD 558.5 million by 2027 registering a CAGR of 6.4%, according to a new report by Grand View Research, Inc. Rising concerns regarding environmental degradation and increasing levels of carbon emissions and pollution have created the need for the replacement of conventional dense materials with high-performance and lightweight materials in the automotive, aerospace, and other applications. Thus, growing focus on performance enhancement, in terms of fuel efficiency and safety, is expected to be the major factor augmenting the product demand over the forecast period. These composites offer excellent strength and stiffness, higher operating temperatures, and enhanced wear resistance