The Latest Metal Matrix Composites Industry Statistics Explained
Global metal matrix composites market size was valued at USD 467.54 million in 2017.
The statistic provided indicates that the global metal matrix composites market had a total value of USD 467.54 million in the year 2017. This number represents the total monetary worth of metal matrix composites products sold worldwide during that specific year. The market size figure reflects the combined revenues generated from the production, sales, and distribution of metal matrix composites, which are advanced materials composed of a metal matrix reinforced with fibers or particles. This statistic is crucial for understanding the economic significance and growth potential of the metal matrix composites industry, providing insights into market trends, demand for advanced materials, and potential opportunities for investment and expansion in this sector.
It is predicted that the Metal Matrix Composites Industry will show a growth rate of 6.1% from 2021 to 2026.
The statistic indicates that there is an anticipation of the Metal Matrix Composites Industry to experience a 6.1% growth rate over the period from 2021 to 2026. This growth rate suggests a positive outlook for the industry and implies that there is expected economic expansion within this sector over the specified time frame. Factors such as technological advancements, increased demand for lightweight and high-performance materials, and expanding applications across various industries could contribute to this growth projection. Stakeholders in the Metal Matrix Composites Industry, including investors, manufacturers, and policymakers, may use this statistic to inform their strategic decision-making processes and align their resources to capitalize on potential opportunities in the market.
By 2025, the global metal matrix composites market size is expected to reach USD 560.3 million.
The statistic indicates that the global metal matrix composites market is projected to grow significantly by the year 2025, reaching a market size of USD 560.3 million. This implies a substantial increase in the demand for metal matrix composites, which are materials consisting of a metal alloy reinforced with ceramic or carbon fibers. The growth forecast suggests a promising outlook for the industry, driven by factors such as increased usage in aerospace, automotive, and electronics industries due to their superior mechanical and thermal properties. This statistic serves as a valuable insight for stakeholders and investors looking to capitalize on the burgeoning market opportunities within the metal matrix composites sector.
The automotive industry contributed over 36% of the total metal matrix composites market revenue in 2015.
The statistic that the automotive industry contributed over 36% of the total metal matrix composites market revenue in 2015 indicates the significant impact and reliance of the metal matrix composites market on the automotive sector during that time. This suggests that a substantial portion of the revenue generated from metal matrix composites, which are materials known for their high strength and light weight, came from sales within the automotive industry. Such high contribution from the automotive sector highlights its importance as a key driver for the demand and growth of metal matrix composites, showcasing the industry’s interest and investment in utilizing these advanced materials for various applications within vehicles to improve performance and fuel efficiency.
The North American region accounted for 21.4% of the global metal matrix composites market in 2016.
The statistic provided indicates that the North American region represented 21.4% of the total market share for metal matrix composites worldwide in 2016. This highlights the significant presence and contribution of North America in the global market for these materials during that specific year. This information is crucial for market analysis, strategic planning, and understanding the regional distribution of metal matrix composites, which are advanced materials known for their high strength, stiffness, and lightweight properties. The statistic suggests that North America had a substantial market share in this industry and likely played a significant role in shaping trends, innovations, and developments within the metal matrix composites market in 2016.
The electronics segment is projected to expand at a CAGR of 7.8% during the forecast period in the metal matrix composites industry.
The statistic ‘The electronics segment is projected to expand at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period in the metal matrix composites industry’ indicates that there is an anticipated average annual growth rate of 7.8% specifically within the electronics sector of the metal matrix composites industry over the specified forecast period. This suggests that the demand for metal matrix composites within the electronics sector is expected to increase steadily, potentially driven by factors such as technological advancements, increasing use of composites in electronic components, or shifting trends towards higher performance materials. The CAGR provides a useful metric for assessing and predicting the growth trajectory of this particular segment within the industry, enabling stakeholders to make informed decisions regarding investment opportunities or strategic planning.
The aluminum matrix composites will witness a CAGR of more than 6.5% in the metal matrix composite market from 2018 to 2024.
This statistic indicates that the aluminum matrix composites (AMCs) are projected to experience a Compound Annual Growth Rate (CAGR) of over 6.5% within the metal matrix composite market over the period from 2018 to 2024. The CAGR represents the year-over-year growth rate of an investment over a specified period of time. In this context, the forecast suggests that there will be steady growth in the demand and adoption of aluminum matrix composites within the broader market for metal matrix composites. Factors such as the lightweight properties, strength, and durability of AMCs, as well as their suitability for a range of applications in industries like aerospace, automotive, and defense, may contribute to this anticipated growth trajectory.
The Asia-Pacific region is expected to lead the MMC market, accounting for a share of nearly 30.82% by 2024.
This statistic suggests that the Asia-Pacific region is projected to be the dominant market in the material handling equipment (MMC) industry, comprising approximately 30.82% of the global market share by the year 2024. This indicates a strong growth potential and a significant presence of the industry in the Asia-Pacific region compared to other regions. Factors such as rapid industrialization, increasing investments in infrastructure development, and the rising adoption of automation and technology in manufacturing processes are likely to drive the demand for material handling equipment in this region. As a result, companies operating in the MMC sector may benefit from focusing their strategies and investments on capturing opportunities and addressing the specific needs of the Asia-Pacific market in the coming years.
The refractory MMCs will expand at a CAGR of 6.2% from 2018 to 2024 in the metal matrix composite market.
This statistic indicates the Compound Annual Growth Rate (CAGR) projected for refractory Metal Matrix Composites (MMCs) in the metal matrix composite market over the period from 2018 to 2024. A CAGR of 6.2% implies that the market size for refractory MMCs is expected to grow at a consistent rate of 6.2% annually on average during this period. This growth rate suggests that there is increasing demand and adoption of refractory MMCs within the industry. The projection of a CAGR provides a standardized measure to assess and compare growth rates over time, offering valuable insights for businesses and investors looking to understand market trends and make informed decisions.
The ground transportation sector accounted for about 39.7% of total demand for MMCs in 2019.
The statistic “The ground transportation sector accounted for about 39.7% of total demand for MMCs in 2019” indicates that nearly 40% of the overall demand for manufactured mineral commodities (MMCs) in 2019 came from the ground transportation industry. This suggests that the ground transportation sector was a significant consumer of MMCs during that year. Understanding this breakdown of demand can be valuable for economic analysis, resource allocation, and forecasting within the MMC industry, as it highlights the importance of the transportation sector as a major player in driving demand for these materials.
Asia Pacific is predicted to grow at a CAGR of 5.1% from 2016 to 2025 in the MMC industry
This statistic forecasts the Compound Annual Growth Rate (CAGR) of 5.1% for the Asia Pacific region in the Metals, Minerals, and Cement (MMC) industry from the year 2016 to 2025. The CAGR is a measure of the annual growth rate of an investment or business, assuming that the growth is constant over the specified time period. This indicates a positive outlook for the MMC industry in the Asia Pacific region, suggesting a sustained and steady expansion in market size and economic activity over the forecasted period. The projected growth rate of 5.1% signifies the potential for increased demand, production, and overall industry performance in the region during this timeframe.
North America is expected to expand at a CAGR of 4.8% from 2016 to 2025 in the MMC industry
This statistic indicates the Compound Annual Growth Rate (CAGR) projected for the North American region in the Metal, Mining, and Construction (MMC) industry between 2016 and 2025. A CAGR of 4.8% suggests that the industry is expected to grow at a steady annual rate of 4.8% over the specified period. This growth rate signifies the expected overall expansion trend in the North American MMC industry and can be used to forecast the future trajectory of the industry in terms of revenue, production, and market size. The indication of a positive CAGR implies potential opportunities for investment, expansion, and development within the industry.
Globally, MMCs market progressed at a CAGR of 4.5% during the period 2012–2016.
The statistic indicates that the global market for metal matrix composites (MMCs) experienced a compound annual growth rate (CAGR) of 4.5% between the years 2012 and 2016. This means that on average, the market for MMCs grew by 4.5% each year over this four-year period. The CAGR provides a smoothed rate of growth over the entire period, taking into account any fluctuations in growth rates from year to year. This statistic suggests a moderate but consistent expansion in the market for MMCs during the specified timeframe, highlighting a trend of increasing demand and adoption of these advanced materials in various industries globally.
The UK market was valued at USD 15.67 million in 2017 in the MMC industry.
The given statistic indicates that in 2017, the market for the Materials, Media, and Chemicals (MMC) industry in the United Kingdom was valued at USD 15.67 million. This value represents the total economic worth of the MMC market in the UK for that particular year, serving as a key metric for assessing the industry’s size and significance within the country’s economy. The valuation provides valuable insights into the market’s growth, potential opportunities for investment, and the overall economic impact of the MMC sector in the UK. It is an essential indicator for industry stakeholders, policymakers, and investors to make informed decisions and strategies related to the MMC industry.
Global metal matrix composites market was valued at around USD 228 million in 2017.
The statistic stating that the global metal matrix composites market was valued at around USD 228 million in 2017 represents the total monetary worth of the market in that particular year. This figure provides insight into the economic significance and size of the metal matrix composites industry globally. It indicates the level of investment, production, and consumption of these composites within various sectors such as aerospace, automotive, and electronics. Understanding the market value can help stakeholders, policymakers, and investors make informed decisions about research, development, and investment opportunities within the metal matrix composites industry. Furthermore, tracking changes in market value over time can provide valuable information about market trends and potential growth opportunities.
The automobile industry will generate over USD 151 million in 2024 in the metal matrix composites market.
The statistic “The automobile industry will generate over USD 151 million in 2024 in the metal matrix composites market” indicates that within the specific sector of metal matrix composites, the automobile industry is anticipated to contribute significantly to this market in terms of financial value in the year 2024. This forecast suggests that the automobile industry will play a crucial role in driving growth and demand for metal matrix composites, which are materials known for their strength, durability, and lightweight properties. The figure of USD 151 million underscores the expected economic impact and opportunities within this niche market, highlighting the importance of metal matrix composites in the automotive sector’s manufacturing and innovation processes.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.globenewswire.com
2. – https://www.www.gminsights.com
3. – https://www.www.reportocean.com
4. – https://www.www.marketresearchfuture.com
5. – https://www.www.marketdataforecast.com
6. – https://www.www.statista.com
7. – https://www.www.transparencymarketresearch.com
8. – https://www.industryarc.com
9. – https://www.www.marketsandmarkets.com
10. – https://www.www.databridgemarketresearch.com
