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North America, driven by Canada and the U.S. metal matrix composites market may witness significant growth owing to expansion in telecommunication and automobile industry. Presence of various companies investing in these sectors to expand their business may stimulate industry growth.Metal matrix composites market in Europe driven by UK, Germany and France may witness a steady growth. Increasing in consumer spending on automobile sector and growing medical expenses may drive regional growth.
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Metal Matrix Composites Market size may witness significant growth owing to positive application outlook in electronics, automotive and space equipment. It comprises of metal and organic or ceramic compound with thermal, mechanical and physical properties which can be customised by casting, forging, rolling and heat treatment.
Carbon, Ceramic fibres and silicon carbide are embedded in metal or alloy and possess better thermal & electrical conductivity. It is used as radiation resistance and outgassing owing to properties like withstand wide range of temperature and do not absorb moisture.
Metal matrix composites (MMC) are light in weight and improves automobile fuel efficiency. Growing consumer concerns regarding increasing oil prices has led to rise in fuel efficient vehicle demand thereby stimulating metal matrix composites demand MMC has greater tensile strength as compared to reinforced metal, aluminium and steel which may influence automotive & turbines combustion engine and brake rotor manufacturing. Honda, Toyota and Ford are using aluminium matrix to improve car functionality and durability
The Metal Matrix Composites Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Metal Matrix Composites Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 - 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2019
3.11. PESTEL analysis
3.14. Regional price trends
4. Metal Matrix Composites Market Product Insights
5. Metal Matrix Composites Market Application Insights
6. Metal Matrix Composites Market Regional Insights
7. Competitor Profiles
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Metal matrix composites market size from robotic application may witness favourable gains over the projected time frame. Global industrial robotic market is may exceed over USD 80 billion by 2024. Metal matrix composites have better wear & tear resistance, good mechanical strength high temperatures resistance and light weight makes them suitable material for robot construction.
Increasing health ailment, due to rise in aging population along with growing health care expenditure has encouraged technological advancement in medical device industry. Increasing application potential in in joints replacement, wheel-chairs, prosthetics, electro- medical equipment, surgical appliances and dental equipment owing to light in weight and good fatigue strength.
Reasons to Buy This Report:
1. Metal Matrix Composites Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Metal Matrix Composites Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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Metal matrix composites are expensive than traditional material they are substituting as a result they are used where product improvement and performance is justifiable. The manufacturing cost are very high leading usage in high end products like luxury, sports car and space components. High manufacturing cost may pose challenge metal matrix composites industry.
Global metal matrix composites market is consolidated. The dominant players are 3M, CPS Technologies, Santier, AZom, Hitachi Metals and Deutsche Edelstahlwerke.
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Website: https://www.gminsights.com/industry-analysis/metal-matrix-composites-market
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