Metal Matrix Composite Market Report 2026

The metal matrix composite market size has grown strongly in recent years. It will grow from $0.62 billion in 2025 to $0.66 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to growth in aerospace lightweight material demand, increased use of wear resistant materials in automotive, advancements in powder metallurgy processes, rising defense spending on advanced materials, demand for high strength metal components.

The metal matrix composite market size is expected to see strong growth in the next few years. It will grow to $0.84 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to expansion of electric vehicle production, increasing adoption in thermal management systems, growth in advanced manufacturing technologies, rising demand for fuel efficient aircraft, increasing industrial automation requirements. Major trends in the forecast period include increasing use of aluminum mmcs for lightweight structures, growing adoption of mmcs in high temperature and high wear applications, rising demand for materials with enhanced thermal conductivity, expansion of mmcs in automotive brake and engine systems, focus on improved creep and fatigue resistance.

The growth of the automotive industry is expected to fuel the expansion of the metal matrix composite market in the coming years. The automotive industry consists of a diverse group of businesses and organizations involved in the design, development, production, marketing, and sale of automobiles. Metal matrix composites are used to reduce vehicle weight and improve automotive efficiency. For instance, in January 2024, according to the Society of Motor Manufacturers and Traders (SMMT), a UK-based trade association, vehicle production in the UK (cars and commercial vehicles combined) totaled about 1,025,474 units in 2023, marking a 17% increase from the previous year. Therefore, the expansion of the automotive industry supports the growth of the metal matrix composite market.

The increasing demand from the manufacturing sector is expected to drive the growth of the metal matrix composite market. The manufacturing sector is a key component of the economy, responsible for converting raw materials and components into finished products for consumers or industrial use. The manufacturing sector supports Metal Matrix Composites (MMCs) in multiple ways, aiding their development, production, and application as advanced materials. For instance, in December 2024, according to Statistics Canada, a Canada-based government agency, the Canadian manufacturing sector grew for the third consecutive year, with total revenue rising 1.7% year over year to $935.6 billion in 2023. Therefore, rising demand from the manufacturing sector is driving the growth of the metal matrix composite market.

Major institutes and companies are focusing on projects involving advanced composite materials for the manufacturing industries. For instance, in May 2023, Elementum 3D, a US-based manufacturer of metal additive materials, launched A5083-RAM5. It is an aluminum alloy engineered for laser powder bed fusion (LPBF) additive manufacturing and features Elementum 3D's patented reactive additive manufacturing (RAM) technology. This innovation provides excellent printability, high strength, and consistent properties without requiring heat treatment. Offering up to 2.9 times the yield strength of standard 5083 alloys, it is perfect for demanding applications in aerospace, marine, and energy industries. Additionally, its composition supports a stable supply chain and minimizes post-processing time and costs.

Major companies operating in the metal matrix composite market are Materion Corporation, CPS Technologies Corporation, DWA Aluminum Composites USA, Plansee SE, Sandvik AB, Sumitomo Electric Industries, Ltd., Kennametal Inc., DAT Alloytech Company Limited, Deutsche Edelstahlwerke GmbH, TISIC Metal Composites, Metal Matrix Cast Composites LLC, MMC Group, AAT Composites, Ferrotec Holdings Corporation, GKN Powder Metallurgy, ADMA Products Inc., Alvant Limited, H.C. Starck Solutions GmbH, Ultramet Inc., Thermal Transfer Composites Ltd.

North America was the largest region in the metal matrix composite market in 2025. 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, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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 1-3 business days.