The global volume market for metal matrix composite is expected to grow from 6.2 thousand tons in 2014 to 6.5 thousand tons in 2015 at a year-on-year (YOY) growth rate of 5.7%. In addition, the market is expected to grow at a five-year CAGR (2015 to 2020) of 5.9%, to reach 8.7 thousand tons in 2020.
This market research report explain current market for metal matrix composites in terms of value and volume. The report also highlights the major drivers and challenges, including their profiles related to metal matrix composite market.
The global market for metal matrix composite (MMC) has been growing at an annual rate of 5.7% commensurate with the end user applications.