Metal Matrix Composites Market Size & Share, by Product Type (Aluminum MMC, Superalloy MMC, Nickel MMC, Copper MMC); End-Use Industry (Transportation, Aerospace, Thermal/Electronics Management, Marine) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 1024
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Metal Matrix Composites Market size was over USD 238.02 billion in 2024 and is projected to reach USD 489.31 billion by 2037, growing at around 5.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of metal matrix composites is assessed at USD 249.55 billion.


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Metal Matrix Composites Sector: Growth Drivers and Challenges

Growth Drivers

Large scale use of metal matrix composites in the production of vehicle components.

These composites are substantially being used for manufacturing automobile parts such as disc brakes and turbines. They help in order to decrease the weight of commercial vehicles, passenger cars, and enhance fuel efficiency.

Beneficial properties

High malleability, ductility, and tensile strength provided by metal composites make them desirable in diverse application segments including automotive, electronics, defense, and aerospace industries.

High-performance composites material are preferred for mounting of exterior chassis or framework in the aerospace and marine industry.

Properties such as stiffness in nature, low thermal expansion coefficient, lightweight, and dimensional stability led to the rising demand for metal matrix composites in communication satellites.

For shipbuilding, metal matrix composites of high buoyancy and light in weight are preferred.

Challenges

Soaring manufacturing costs along with narrow technological competency for metal matrix composites handling are however anticipated to pose a challenge for the growth of the market during the forecast period.

Metal Matrix Composites Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.7%

Base Year Market Size (2024)

USD 238.02 billion

Forecast Year Market Size (2037)

USD 489.31 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Metal Matrix Composites Segmentation

The metal matrix composites market is segmented by product type, end-use industry, and region. Among product segmentation, the aluminum metal matrix composites segment is anticipated to hold the largest market share in revenue terms during the forecast period as they are the most potential material for structural and functional applications with a reduced price, thereby utilized in aerospace, defense, automotive & aviation, and thermal management fields.

Our in-depth analysis of the global market includes the following segments:

           Product

  • Aluminum MMC
  • Superalloy MMC
  • Nickel MMC
  • Copper MMC
  • Others

          By End-User

  • Transportation
  • Aerospace
  • Thermal/Electronics Management
  • Marine
  • Others

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Metal Matrix Composites Industry - Regional Synopsis

Geographically, the metal matrix composites market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

North America industry is likely to hold largest revenue share by 2037, as a result of augmentation in the telecommunication and automobile industry. The International Trade Administration (ITA), U.S. Department of Commerce: The United States is the world’s largest market for General Aviation aircraft and a global leader in Large Civil Aircraft production.

The metal matrix composites market in Europe is led by the UK, Germany, and France which is predicted to observe stable growth. Growing household expenditure on the automobile sector and rising medical expenses may propel the regional growth.

The Asia Pacific region driven by Japan, India, and China is projected to play a pivotal role in metal matrix composites market growth. India has a high success rate of launching space satellites & crafts with low budget technology that has grabbed world attention. Further, the rising aging population, growing health care expenditure, and surging economic standards in developing economies of China, Japan, and India may drive the regional growth during the forecast period.

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Companies Dominating the Metal Matrix Composites Landscape

    • Materion Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • GKN PLC
    • Sandvik AB
    • 3M
    • Plansee SE
    • Hitachi Metals, Ltd.
    • Sumitomo Electric Industries, Ltd.
    • Deutsche Edelstahlwerke GmbH
    • CPS Technologies Corp.
    • 3A Composites

In the News

  • February 25, 2020 – China, the biggest car market and Wuhan, known as “motor city” for being home to auto plants and also the city at the center of the outbreak of COVID 19, witnessed a 92% fall in car sales in the first half of February 2020 as reported by China Passenger Car Association (CPCA).
  • According to IBEF (India Brand Equity Foundation): GST on electric vehicles is reduced from 12% rate to 5% as of March 2020, which shows the Indian government’s policy support towards the automotive sector.

Author Credits:  Rajrani Baghel


  • Report ID: 1024
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of metal matrix composites is assessed at USD 249.55 billion.

Metal Matrix Composites Market size was over USD 238.02 billion in 2024 and is projected to reach USD 489.31 billion by 2037, growing at around 5.7% CAGR during the forecast period i.e., between 2025-2037.

North America industry is likely to hold largest revenue share by 2037, as a result of augmentation in the telecommunication and automobile industry.

The major players in the market are GKN PLC, Sandvik AB, 3M, Plansee SE, Hitachi Metals, Ltd., Sumitomo Electric Industries, Ltd., Deutsche Edelstahlwerke GmbH, CPS Technologies Corp., 3A Composites, and others.
Metal Matrix Composites Market Report Scope
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