Metal Matrix Composite Market

Metal Matrix Composite Market

Metal Matrix Composite Market Forecasts to 2028 - Global Analysis By Production Technology (Powder Metallurgy, Casting, Liquid Metal Infiltration, Deposition Techniques, Other Production Technologies), Matrix Type (Super Alloys MMC, Aluminium MMC, Copper MMC, Magnesium MMC, Nickel MMC, Refractory MMC, Other Matrix Types), Fillers (Titanium Carbide, Silicon Carbide, Aluminum Oxide, Carbon Fiber) and Others

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4.1 (21 reviews)
Published: 2023 ID: SMRC22524

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $432.18 BN

Projected Year Value (2028)

US $701.20 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Metal Matrix Composite Market is accounted for $432.18 billion in 2022 and is expected to reach $701.20 billion by 2028 growing at a CAGR of 8.4% during the forecast period. Metal matrix composites are composite materials that have metal as the primary constituent and a secondary component that could be any number of metals or non-metallic substances, such as ceramic or organic compounds. Metal matrix composites have a number of advantages over other materials, including improved physical and mechanical qualities including tensile strength, water resistance, and fire resistance, as well as the ability to be used at a variety of temperatures. These composites also provide the option to customise these characteristics to fulfil particular needs, which distinguishes this substance from other composites.

According to the Physical Activity Council’s report, in 2021, tennis participation in the US witnessed an increase of 4.5% in comparison to 2020, with 22.6 million players taking to the court. Also, as per the Tennis Industry Association, 3.4 million tennis rackets were sold in the US which represented an increase of 22% in comparison to the 2020s.

Market Dynamics:


Increasing Demand for light weight materials in aerospace and defense industry

Metal matrix composites provide increased stiffness and specific strength, which enhance the overall performance of the aircraft. As to its widespread use in both commercial and military aircraft, metal matrix composite is in high demand in the aerospace and defence sector. Also, the requirement for metal matrix composites in room applications is anticipated to increase over the forecast period because to the improved resilience to heat and mechanical stress. The aerospace and defence industry is currently in a "supercycle," mostly because of significant order backlogs, which could influence industry production over the next coming years.


Slowdown in Automotive Production

The automobile sector prefers metal matrix composites because they assist in overcoming issues including the need for fuel efficient, recyclable, safe, or low-emission vehicles. They are utilised in many different parts of the car, including the braking callipers, brake rotors, lifters, rockers, connecting rods, crumple zones, combustion chambers, pistons, cam lobes, tappets, and crumple zones. The production and expansion of the automotive sector have a considerable impact on the demand for and utilization of metal matrix composites. The automobile business had optimistic development for a decade, but recent years have seen a slowdown in growth. The bulk of countries' previously rising vehicle production has been hurt by this. Markets, business models, and the environment for competition are all undergoing changes. Hence, it is anticipated that the market for metal matrix composites will be impacted by the fall in car production.


Growing use in locomotive industry

The market for metal matrix composites is anticipated to experience profitable growth due to the rising significance of lightweight railway vehicles and the trend towards high-speed trains and metros. Many parts of railway vehicles, such as braking system, engine blocks, connecting rods, calliper liners, pistons, and bearings, are made of metal matrix composites. High-speed train and subway projects are being funded by several nations around the world, particularly in Asia-Pacific & Europe, which should provide up chances for the industry under investigation.


Lack of technical expertise

The heterogeneity of metal matrix composites and the variety of applications from end-user industries are seen to be the main obstacles for designers when trying to produce composite parts with the appropriate level of accuracy. The manufacturing processes used by the metal matrix composites sector, including as casting, powder metallurgy, and liquid infiltration techniques, are extremely complicated and call for technical expertise to complete. The development of the metal matrix composites market is anticipated to be hampered by the absence of technical competence in the sector in emerging nations.

Covid-19 Impact

The COVID pandemic caused a decline in the market growth for metal matrix composites as the implementation of lockdowns and restrictions on movement resulted in the closure of plants, a shortage of labour and raw materials, and a reduction in the operations of main end users of MMCs like the aerospace and automotive industries. Yet, as a result of the government easing up on limitations, the productivity of these significant end users is steadily rising and will continue to do so in the future, giving the market for performance enhancers a bright future.

The Aluminium metal matrix composites segment is expected to be the largest during the forecast period

The Aluminium metal matrix composites segment is estimated to have a lucrative growth. Aluminium metal matrix composites are a class of materials that have demonstrated their ability to compete in situations where lightweight, high stiffness and moderate strength are required. Due to the variety of reinforcement fibers and versatility in their main manufacture, aluminium metal matrix composites have a great deal of promise for developing composites with the appropriate qualities for some uses.

The Automotive & Locomotive segment is expected to have the highest CAGR during the forecast period

The Automotive & Locomotive segment is anticipated to witness the fastest CAGR growth during the forecast period. Metal matrix composites used in automobiles are built mostly out of aluminium and its alloys. In order to reduce the number of capability of making and, as a result, noise and vibration, MMCs is frequently used in the construction of car engines. Due to their affordability and lightweight nature, aluminium and its alloys are employed much more frequently in the automotive industry than other light metals like titanium and magnesium. The most commonly attacked part of the engine is the piston crown, where the MMC's higher hot strength allows utilizing a lighter component.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the greatest car manufacturing sector in the world is found in China. Production and sales in the electronics sector are rapidly increased by MMC manufacturers. Asia Pacific region, such as India and China, are expected to witness faster gains in the market due to the expansion of the strong growth in automotive production and the high concentration of electronics manufacturers in China, Japan, South Korea, and Taiwan.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to developing technology, an expansion in R&D facilities, and escalating consumer demand. There is a huge need for newer and quicker electronic gadgets due to the rapid pace of innovation, technological advancements. The emphasis on developing high-end products has led to a significant increase in the quantity of production facilities and development centres in the United States.

Key players in the market

Some of the key players profiled in the Metal Matrix Composite Market include Sumitomo Electric Industries, Ltd., 3M Company, Hitachi Metals, Ltd., ADMA Products, Inc., GKN plc, Materion Corp., TISICS Ltd., 3A Composites, AMETEK Specialty Metal Products, Denka Company Limited , Plansee Group, MTC Powder Solutions AB, DAT Alloytech and CPS Technologies Corp.

Key Developments:

In June 2022, Denka Company Limited (headquarters: Chuo-ku, Tokyo; president: Toshio Imai; hereinafter, "Denka") announced that it had completed the construction of highefficiency gas turbine power generators for private use at its Chiba Plant (Ichihara-shi, Chiba Prefecture), which is one of the Denka's significant plants. The operation of the generators will bolster the cost competitiveness of the overall Chiba Plant and reduce CO2 emissions by 12 kilotons or more per year.

In May 2022, Denka Company Limited launched TOYODRAIN ACE, a new grade in the TOYODRAIN series (hereinafter, TOYODRAIN) of polyethylene drainpipes for agriculture and civil engineering.

Production Technologies Covered:
• Powder Metallurgy
• Casting
• Liquid Metal Infiltration
• Deposition Techniques
• Other Production Technologies

Matrix Types Covered:
• Super Alloys MMC
• Aluminium MMC
• Copper MMC
• Magnesium MMC
• Nickel MMC
• Refractory MMC
• Other Matrix Types

Fillers Covered:
• Titanium Carbide
• Silicon Carbide
• Aluminum Oxide
• Carbon Fiber

Reinforcement Types Covered:
• Particles
• Continuous
• Discontinuous

End Users Covered:
• Aerospace and Defense
• Industrial
• Automotive
• Transportation
• Electrical and Electronics
• Thermal Management
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Metal Matrix Composite Market, By Production Technology
5.1 Introduction
5.2 Powder Metallurgy
5.3 Casting
5.4 Liquid Metal Infiltration
5.5 Deposition Techniques
5.6 Other Production Technologies

6 Global Metal Matrix Composite Market, By Matrix Type
6.1 Introduction
6.2 Super Alloys MMC
6.3 Aluminium MMC
6.4 Copper MMC
6.5 Magnesium MMC
6.6 Nickel MMC
6.7 Refractory MMC
6.8 Other Matrix Types

7 Global Metal Matrix Composite Market, By Fillers
7.1 Introduction
7.2 Titanium Carbide
7.3 Silicon Carbide
7.4 Aluminum Oxide
7.5 Carbon Fiber

8 Global Metal Matrix Composite Market, By Reinforcement Type
8.1 Introduction
8.2 Particles
8.3 Continuous
8.4 Discontinuous

9 Global Metal Matrix Composite Market, By End User
9.1 Introduction
9.2 Aerospace and Defense
9.3 Industrial
9.4 Automotive
9.5 Transportation
9.6 Electrical and Electronics
9.7 Thermal Management
9.8 Other End Users

10 Global Metal Matrix Composite Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Sumitomo Electric Industries, Ltd.
12.2 3M Company
12.3 Hitachi Metals, Ltd.
12.4 ADMA Products, Inc.
12.5 GKN plc
12.6 Materion Corp.
12.7 TISICS Ltd.
12.8 3A Composites
12.9 AMETEK Specialty Metal Products
12.10 Denka Company Limited
12.11 Plansee Group
12.12 MTC Powder Solutions AB
12.13 DAT Alloytech
12.14 CPS Technologies Corp.

List of Tables
1 Global Metal Matrix Composite Market Outlook, By Region (2020-2028) ($MN)
2 Global Metal Matrix Composite Market Outlook, By Production Technology (2020-2028) ($MN)
3 Global Metal Matrix Composite Market Outlook, By Powder Metallurgy (2020-2028) ($MN)
4 Global Metal Matrix Composite Market Outlook, By Casting (2020-2028) ($MN)
5 Global Metal Matrix Composite Market Outlook, By Liquid Metal Infiltration (2020-2028) ($MN)
6 Global Metal Matrix Composite Market Outlook, By Deposition Techniques (2020-2028) ($MN)
7 Global Metal Matrix Composite Market Outlook, By Other Production Technologies (2020-2028) ($MN)
8 Global Metal Matrix Composite Market Outlook, By Matrix Type (2020-2028) ($MN)
9 Global Metal Matrix Composite Market Outlook, By Super Alloys MMC (2020-2028) ($MN)
10 Global Metal Matrix Composite Market Outlook, By Aluminium MMC (2020-2028) ($MN)
11 Global Metal Matrix Composite Market Outlook, By Copper MMC (2020-2028) ($MN)
12 Global Metal Matrix Composite Market Outlook, By Magnesium MMC (2020-2028) ($MN)
13 Global Metal Matrix Composite Market Outlook, By Nickel MMC (2020-2028) ($MN)
14 Global Metal Matrix Composite Market Outlook, By Refractory MMC (2020-2028) ($MN)
15 Global Metal Matrix Composite Market Outlook, By Other Matrix Types (2020-2028) ($MN)
16 Global Metal Matrix Composite Market Outlook, By Fillers (2020-2028) ($MN)
17 Global Metal Matrix Composite Market Outlook, By Titanium Carbide (2020-2028) ($MN)
18 Global Metal Matrix Composite Market Outlook, By Silicon Carbide (2020-2028) ($MN)
19 Global Metal Matrix Composite Market Outlook, By Aluminum Oxide (2020-2028) ($MN)
20 Global Metal Matrix Composite Market Outlook, By Carbon Fiber (2020-2028) ($MN)
21 Global Metal Matrix Composite Market Outlook, By Reinforcement Type (2020-2028) ($MN)
22 Global Metal Matrix Composite Market Outlook, By Particles (2020-2028) ($MN)
23 Global Metal Matrix Composite Market Outlook, By Continuous (2020-2028) ($MN)
24 Global Metal Matrix Composite Market Outlook, By Discontinuous (2020-2028) ($MN)
25 Global Metal Matrix Composite Market Outlook, By End User (2020-2028) ($MN)
26 Global Metal Matrix Composite Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
27 Global Metal Matrix Composite Market Outlook, By Industrial (2020-2028) ($MN)
28 Global Metal Matrix Composite Market Outlook, By Automotive (2020-2028) ($MN)
29 Global Metal Matrix Composite Market Outlook, By Transportation (2020-2028) ($MN)
30 Global Metal Matrix Composite Market Outlook, By Electrical and Electronics (2020-2028) ($MN)
31 Global Metal Matrix Composite Market Outlook, By Thermal Management (2020-2028) ($MN)
32 Global Metal Matrix Composite Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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