Metal Matrix Composites Market Trends

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.