Metal Matrix Composites (MMC) Market Rides on Success of Global Automotive Industry: Transparency Market Research
By Business Wire News
By Business Wire News
Transparency Market Research announces the release of a new research report, titled “Metal Matrix Composites (MMC) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019”.
The report indicates that in 2012, the value of the global MMC market stood at US$228.7 million in terms of revenue, which is estimated to grow to US$357.3 million in 2019, registering a 6.6% CAGR between 2013 and 2019. In terms of demand, the MMC market recorded 5,496.4 tons in 2012.
The global MMC market has been segmented on the basis of product, end user, and region. The key product types of metal matrix composites include nickel MMC, aluminum MMC, refractory MMC, titanium MMC, beryllium MMC, and magnesium MMC. By end users, the metal matrix composites market can be fragmented into industries such as aerospace, ground transportation, thermal management, electronics, marine, defense, nuclear, and industrial equipment. Geographically, the global MMC market includes four chief regions: North America, Europe, Asia Pacific and Rest of the World (The Middle East, South America and Africa).
The MMC market is largely driven by the flourishing global automotive market, supported by the growing production of electronics and electronic equipment and surging demand for MMC from the aerospace industry. While the declining defense revenue on a global level and challenges in the shipping industry restrict the growth of the MMC market, the rapid recovery of the nuclear sector is expected to revive the metal matrix composites market.
Some of the prominent names in the MMC market are Plansee SE, GKN PLC, 3A Composites, CPS Technologies Corporation, Hitachi Metals, Ltd., Materion Corporation, Sandvik AB, Deutsche Edelstahlwerke GmbH, Sumitomo Electric Industries, Ltd., and 3M.
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Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.