Market Research Insights

  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

As per the report by Grand View Research, Inc., the  metal matrix composite market  is poised to rise to a valuation of USD 433.3 million and is estimated to witness a CAGR of 6.3 % by 2022. Rising demand for strong and lightweight metal matrix composite from the ground transportation end-use sector is anticipated to drive the market in the forecast period. Growing attention on performance improvement in terms of both safety and fuel efficiency is anticipated to drive the metal matrix composite demand from marine, aerospace, and automotive in the years to come. Increasing manufacturing of electronic equipment is also anticipated to boost the demand for metal matrix composite in the near future. The increasing trend for weight reduction in commercial vehicles and passenger cars might also prove to be a major driving factor to increase the use of these composites in the automotive industry in the forecast period. On the other hand, concerns about recyclability, reparability, compl