According to the latest industry research report by Technavio, the global metal matrix composites market is predictable to grow at a CAGR of more than 6% during the forecast period 2017 to 2021.
This report by Technavio provides a thorough study of the global metal matrix composites market regarding revenue and developing market trends. The report also includes an up-to-date analysis and predictions for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product segments are discussed below:
Global AMCs market: The properties of AMCs such as lightweight and high tensile strength is increasing the preference for using these materials in the aerospace industry. The two main components of these materials are a matrix phase made of aluminum or its alloy, and a non-metallic component made of SiC and Al2O3. The advantages of AMCs over other unreinforced materials is driving the growth of this market segment.
“AMCs materials improves stiffness, has low density, offers better heat management, and controlled thermal expansion coefficient, which is fueling the demand for these products in the global market. AMCs are used in braking systems of cars and trains and for manufacturing baseball shaft, golf club shaft and head, bicycle frames, horseshoes, and skating shoes. Such varied applications of this material will increase its popularity in the global market,” says Mahitha Mallishetty, a lead analyst at Technavio for research on metals and minerals.
Global refractory matrix composites market: The increasing use of refractory matrix composites in nuclear reaction control rods, solar panels, catalysts in chemical reactions, and spacecraft exteriors applications will fuel the market growth of this segment. These alloys have enhanced properties such as high tensile strength, ductility, and malleability, which increases their application in various end-user industries.
Global nickel matrix composites market: The growing demand for nickel matrix composites are attributed to its extensive use in engines that operate at high temperatures. The use of superalloys like NiCrAlY is used as matrices owing to their high-temperature oxidation resistance properties, which, in turn, will drive the growth of this market segment.
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The top vendors operating in the global metal matrix composites market are:
- 3M
- CPS Technologies
- GKN Sinter Metals
- Materion
- Santier
The other prominent vendors in the market include 3A Composites, ADMA Products, AMETEK Specialty Metal Products, Deutsche Edelstahlwerke, Metal Matrix Cast Composites, and Mi-Tech Metals.
A more detailed analysis is available in the Technavio report titled, ‘Global Metal Matrix Composites Market 2017-2021’. Technavio also customizes reports by supplementary regions and specific segments upon request.
Other related reports:
- Global Automotive Composites Market 2017-2021
- Global Advanced Composites Market 2016-2020
- Global Aluminum Plates and Sheet Coils Market 2016-2020
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