DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pn6k4x/metal_matrix) has announced the addition of the "Metal Matrix Composites (MMC) Market for Ground Transportation, Electronics/Thermal Management, Aerospace and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
The global MMC market generated revenue of USD 228.7 million in 2012 and is expected to reach USD 357.3 million by 2019, expanding at a CAGR of 6.6% from 2013 to 2019.
The refractory MMC segment accounted for the largest share of the global MMC market in 2012, followed by aluminum MMC and nickel MMC. The refractory MMC segment of the global MMC market generated revenue of USD 92.8 million in 2012 and is anticipated to reach USD 147.3 million in 2019, growing at a CAGR of 6.8% from 2013 to 2019. It is also the fastest growing product segment in the MMC market. Furthermore, the aluminum segment is anticipated to record decent growth over the next six years led by rising demand for aluminum MMC from automotive and aerospace industries.
The ground transportation segment was the largest end-user segment of MMC in 2012. The ground transportation segment generated revenue of USD 119.6 million in 2012 and is projected to reach USD 184.2 million in 2019, growing at a CAGR of 6.4% from 2013 to 2019. The ground transportation segment was followed by electronics/thermal management industry, which is likely to be the fastest growing end-user segment in the global MMC market.
Ground transportation and electronics/thermal management segments are anticipated to grow significantly in the next few years due to high demand from automotive and electronics industries globally. Additionally, demand for MMC from other end-users, including nuclear industry and industrial equipment manufacturers, is expected to increase at a decent rate in the next six years.
Product Segment Analysis
- Aluminum MMC
- Nickel MMC
- Refractory MMC
- Others (Including magnesium MMC, beryllium MMC, titanium MMC, etc.)
- Ground Transportation
- Electronics/Thermal Management
- Others (Including defense, industrial equipment, marine, nuclear, etc.)
Key players profiled in the report include:
- Materion Corporation
- Sandvik AB
- GKN PLC
- Plansee SE
- Sumitomo Electric Industries, Ltd.
- Hitachi Metals, Ltd.
- CPS Technologies Corporation
- Deutsche Edelstahlwerke GmbH
- 3A Composites
For more information visit http://www.researchandmarkets.com/research/pn6k4x/metal_matrix