Metal Matrix Composites in the 21st Century: Markets and Opportunities
The overall metal matrix composite (MMC) market will rise at an average annual growth rate (AAGR) of 6.3% through 2010 to 4.9 million kg.
This growth represents an acceleration from that experienced between 1999 and 2004.
The industry is relatively small, with only $185 million in global revenues and consisting of less than 100 companies competing at varying levels, but most of which are specialized.
Geographically, the most rapid growth in MMC consumption will occur in China.
Both electronics/thermal management and industrial MMC markets will experience the strongest growth.
A small yet strategic global market, metal matrix composites are a critical and essential element of many advanced technologies. The present state of the metal matrix composite , however, is changing. A global recession and 9-11 particularly affected commercial aerospace and other end-use markets for metal matrix composites. At the same time, new entrants and expansions by existing producers resulted in additional capacity.
While the military aerospace market remains an important target for metal matrix composites, opportunities have emerged in other industries. The push for better fuel economy and lighter vehicles has opened the door to expanded usage of metal matrix composites in automobiles. Increasing performance of microprocessors has resulted in heat-generating challenges. These have elicited increasing interest in thermal management applications for metal matrix composites. Also, companies in the are working to create new market opportunities.
This BCC report provides a detailed and comprehensive multiclient study of the global market for metal matrix composites (MMCs) as well as potential opportunities in the future. It includes thorough coverage of the underlying issues driving the market, as well as assessments of new and potential products that companies are developing.
SCOPE OF STUDY
The report contains:
- Analysis of the current global markets for metal matrix composites and systems in detail
- Identification of the most promising market opportunities
- Examination of end-use markets: ground transportation, electronics, commercial and defense aerospace, industrial and defense, recreational equipment, etc.
- Coverage of the many issues concerning the merits and future prospects for the , including corporate strategies, technologies, and the means for providing these products and service offerings
- Detailed coverage of regulatory and economic issues
- A review of the industry and its structure, and the many companies involved in providing these materials and technologies
- Discussion of the competitive positions of the main players and the strategic options they face.
The research methodology was qualitative in nature and employed a triangulating approach, which aids validity. Initially, a comprehensive and exhaustive search of the literature on metal matrix composites was conducted. These secondary sources included journals and related books, trade literature, marketing literature, other product/promotional literature, annual reports, security analyst reports, information from trade associations, and other publications. A patent search and analysis was also conducted.
In a second phase, a series of semi-structured interviews were conducted with marketing executives, engineers, unit managers, engineers, and other personnel at the metal matrix composites companies. Other sources included academics, systems integrators, technology and materials suppliers, technical experts, trade association officials, government officials, and consulting companies. These were a rich source of data. Subsequent analysis of the documents and interview notes was iterative.
The author has over 20 years experience in competitive intelligence, industrial market research, planning and marketing at major corporations, market research consultancies and think tanks. He advises and briefs management about economic and industry conditions, strategic developments, and the effects of proposed developments in plastics, metals, and other materials. The author has employed scenario analysis to investigate and research the future of industry to identify the impact of globalization, consolidation, demographics, changing industry structure, and technological innovation. His particular interest lies in the interaction of strategy, economic and industry developments, and innovation. He holds a BA and a MA degree in industrial economics, and has completed other studies in administration.
Supported in large part by a number of medium- to high-volume automotive applications for metal matrix composites (MMCs) and the production of value-added composite parts to dissipate heat from high-power semiconductor devices, the 1999 world market for MMCs reached 2.5 million kg valued at $103 million. BCC projects that the total world market for MMCs will rise to 4.9 million kg, valued at $173 million during the next five years, corresponding to a 14.1% average annual growth rate (AAGR) from 1999 through 2004.The ground transportation market segment consumed, by far, the largest volume of MMCs in 1999. By 2004, the ground transportation market will be even further ahead with a full 70.3% (3.4 million kg) of the market, due primarily to increasing incorporation of MMC components into specialty lightweight/high fuel efficiency vehicles.BCC expects the industrial market segment to increase at an 11.2% AAGR during the next five years, reaching 130 thousand kilograms in 2004, or 2.7% of the total market.