Metal Matrix Composite Market Report 2025

The metal matrix composite market size has grown strongly in recent years. It will grow from $0.59 billion in 2024 to $0.63 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rapid growth in the automotive industry, increasing demand for lightweight materials in the aerospace and defense industry, and an increase in government support.

The metal matrix composite market size is expected to see strong growth in the next few years. It will grow to $0.82 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to increased demand across various applications, increased demand for powder metallurgy, and rising demand for aluminum components. Major trends in the forecast period include investing in technological advancements to meet the demand from customers and gain a competitive advantage over other players operating in the industry, investing in aircraft manufacturing due to MMC’s low costs and versatility, developing MMC’s with self-healing capabilities, and targeting the electrical devices industry owing to its demand for high heat resistance.

The metal matrix composite market is poised for growth, driven by the expanding automotive industry. Comprising diverse entities involved in the design, development, production, marketing, and sale of automobiles, the automotive sector employs metal matrix composites to reduce vehicle weight and enhance efficiency. A report from the European Automobile Manufacturers' Association (ACEA) in May 2023 revealed a global production increase of 5.7%, with 85.4 million motor vehicles manufactured in 2022 compared to the previous year. The International Organization of Motor Vehicle Manufacturers reported a rise from 80,145,988 in 2021 to 85,016,728 in 2022. This surge in automotive industry output is a key driver for the metal matrix composite market.

The rising demand from the manufacturing sector is anticipated to drive the growth of the metal matrix composite (MMC) market. This sector plays a vital role in the economy, transforming raw materials and components into finished products that are sold to consumers or utilized in other industries. The manufacturing sector significantly benefits Metal Matrix Composites in several ways, aiding in the development, production, and application of these advanced materials. For example, in September 2024, the Office for National Statistics, a UK government department, reported that UK manufacturers achieved a total product sales value of £456.1 billion ($491.87 billion), reflecting an increase of £17.2 billion ($18.54 billion), or 3.9%, compared to £438.9 billion ($473.32 billion) in 2022. Thus, the growing demand from the manufacturing sector is propelling the expansion of the metal matrix composite market.

Technological advancements are driving growth in the metal matrix composite market. Leading institutions and companies are concentrating on projects that involve advanced composite materials tailored for manufacturing industries. For example, in May 2023, Elementum 3D, a US-based manufacturer of metal additive materials, introduced A5083-RAM5. This aluminum alloy is specifically designed for laser powder bed fusion (LPBF) additive manufacturing and incorporates Elementum 3D's patented reactive additive manufacturing (RAM) technology. This innovation ensures excellent printability, high strength, and consistent properties without the need for heat treatment. With up to 2.9 times the yield strength of standard 5083 alloys, it is ideally suited for demanding applications in the aerospace, marine, and energy sectors. Furthermore, its composition enhances supply chain stability and reduces post-processing time and costs.

In February 2022, ThyssenKrupp Mining Technologies, a Germany-based provider of mining technologies and services, announced a partnership with Magotteaux to enhance the efficiency and cost-effectiveness of wear parts used in mining equipment. By leveraging Magotteaux's expertise in wear-resistant materials alongside ThyssenKrupp's extensive industry experience, the collaboration aims to deliver innovative solutions that improve operational performance for clients in the mining sector. Magotteaux, based in Belgium, specializes in metal matrix composites.

In January 2022, Plansee SE, an Austria-based manufacturer of refractory metal-based products, made a significant move by acquiring Mi-Tech Tungsten Metals. This strategic acquisition is expected to fortify Plansee's position in the North American tungsten product market. Customers are anticipated to benefit from an expanded range of products and services, as Mi-Tech Tungsten Metals, a US-based supplier of tungsten-based products, integrates with Plansee.

Major companies operating in the metal matrix composite market include Materion Corporation, CPS Technologies Corporation, CeramTec, Ferrotec Holdings Corporation, DWA Aluminum Composites USA, GKN Sinter Metals, 3M, Plansee SE, Sandvik, Thermal Transfer Composites LLC, Sumitomo Electric Industries, Ametek, Denka China Baowu Group, NANJING YUNHAI SPECIAL METALS Co. Ltd, QingHai Salt Lake Industry Co. Ltd, Uyemura & Co. Ltd, Kennametal Inc., DAT Alloytech Company Limited, Deutsche Edelstahlwerke GmbH, 3A Composites, TISIC Metal Composites, Tenmat, ArcelorMittal, ThyssenKrupp, Tata Steel, Gibraltar Industries, Mi-Tech Tungsten Metals LLC, Metal Matrix Cast Composites LLC, Santier Inc., Adma Products Inc., MMC Group, AAT Composites.

North America was the largest region in the metal matrix composite market in 2024. Asia-Pacific was expected to be the fastest region in the forecast period. The regions covered in the metal matrix composite market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal matrix composite market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Metal matrix composites (MMCs) belong to a category of materials (metals, alloys, or intermetallic compounds) that are reinforced with particles, whiskers, or continuous fibers. These composites serve as excellent alternatives to conventional materials due to their notable characteristics such as hardness, specific strength, and creep resistance.

The main types of metal matrix composites include aluminum MMC, magnesium MMC, copper MMC, superalloys MMC, and others. Aluminum, a light and silver-colored metal, finds extensive use in the manufacture of cooking equipment and aircraft components. Aluminum metal matrix composites (AlMMCs) have demonstrated the ability to meet stringent requirements in applications requiring lightweight properties, high stiffness, and moderate strength. Magnesium-matrix composites have been developed for the space industry, leveraging the low density of magnesium and its alloys. Copper-matrix composites exhibit superior properties compared to other MMCs and are used in specialized equipment such as Radio Frequency Quadrupoles (RFQs) or electron targets in particle accelerators. Superalloys, known for their resistance to high temperatures and speeds, are commonly employed in manufacturing gas turbine blades. Various production technologies, including liquid metal infiltration, powder metallurgy, casting, and deposition techniques, contribute to the fabrication of metal matrix composites. These composites find applications across diverse sectors, including automotive and transportation, aerospace and defense, electrical and electronics, and industrial applications.

The metal matrix composite market research report is one of a series of new reports that provides metal matrix composite market statistics, including metal matrix composite industry global market size, regional shares, competitors with a metal matrix composite market share, detailed metal matrix composite market segments, market trends and opportunities, and any further data you may need to thrive in the metal matrix composite industry. This metal matrix composite market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The metal matrix composite market consists of sales of titanium MMC and cobalt MMC. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.