Metal Matrix Composites Market Impact of Drivers and Challenges Report 2021
ReportsnReports.com adds new research report Global Metal Matrix Composites Market 2017-2021, report covers the present scenario and the growth prospects of the global metal matrix composites market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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Global Metal Matrix Composites Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The following companies are the key players in the global metal matrix composites market: 3M, CPS Technologies, GKN Sinter Metals, Materion, and Santier.
Other Prominent Vendors in the market are: 3A Composites, ADMA Products, AMETEK Specialty Metal Products, Deutsche Edelstahlwerke, Metal Matrix Cast Composites, and Mi-Tech Metals.
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Commenting on the report, an analyst said: “One trend in market is demand from transmission and distribution. Countries, mainly including Brazil, Paraguay, and India, are moving toward an industrialized economy. For instance, in 2014, India launched the Make in India initiative to boost industrialization. An increase in the number of industries will likely increase the demand for power, thereby creating the demand for transmission and distribution cables made of MMCs. For instance, more than half of the transformers and transmission lines in North America are exceeding their useful life. Therefore, the US is planning to invest around $50 billion in replacements, expansion, and upgrading activities.”
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one challenge in market is high production costs. MMCs are preferred for use in high-performance applications as low-cost reinforcements may not yield the desired performance. The manufacturing and processing of MMCs are cost-intensive. Furthermore, the testing of MMCs for aerospace and defense applications is an expensive and time-consuming process. Moreover, the cost of carbon fiber-reinforced composites (CFCs) is higher than metals, which restricts the market growth.
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