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Metal Matrix Composites: The Global Market

February 03, 2009

 

Wellesley, Mass—According to a new technical market research report, METAL MATRIX COMPOSITES: THE GLOBAL MARKET (AVM012D) from BCC Research (www.bccresearch.com), the global market for metal matrix composites (MMC) was worth $284.9 million in 2008. This should increase to $476.5 million in 2013, for a compound annual growth rate (CAGR) of 10.8%.

The MMC market is broken down into the application segments of ground transportation, electronics/thermal management, aerospace, industrial/defense and consumer products. Electronics/thermal management has the largest share of the market, generating $214.3 million in 2008. This is expected to reach $365.0 million in 2013, for a CAGR of 11.2%.  

Aerospace applications have the next largest MMC market segment, worth $32.0 million in 2008 and growing at a CAGR of 10.4% to reach $52.5 million in 2013.
 
Industrial/defense applications have the third largest share of market. This segment generated $14.5 million in 2008 and is expected to generate $23.5 million in 2013, for a CAGR of 10.1%.
 
SUMMARY FIGURE
GLOBAL MMC OUTLOOK BY APPLICATION/SEGMENT, 2004-2013
KG 1,000S
GLOBAL MMC OUTLOOK BY APPLICATION/SEGMENT, 2004-2013
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Source: BCC Research
 
A wide variety of metals can be used as matrix materials including aluminum, titanium, beryllium, magnesium, tungsten, nickel, iron and their alloys. Only a few of these matrix materials, however, have moved beyond the laboratory for use in commercial or military applications. The choice of matrix material is affected in large part by whether the reinforcement is continuous or discontinuous, due to the different roles played by the matrix in each type of composite.
 
As a small yet strategic global market, MMCs are a critical and essential element in many advanced technologies. The present state of the MMC business, however, is changing. A global recession affected commercial end-use markets for MMCs, and led to diminished demand. At the same time, new entrants and expansions by existing producers resulted in additional capacity. In turn, this led to lower operating rates for many producers and a more competitive market.

Metal Matrix Composites: The Global Market( AVM012D )
Publish Date: Feb 2009    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.

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