Metal Matrix Composite Market Worth $8.7 thousand tons In 2020

The global market for metal matrix composite (MMC) has been growing at an annual rate of 5.7% proportionate with the growth in end user applications. The metal matrix composite demand to use in ground transportation, nuclear plants, consumer electronics, space and defense systems, aircraft industry and in other applications are in huge. Though the adverse economic conditions in European countries and in the U.S had affected many end-user industries of metal matrix composite, but, with recovery in economic conditions and with increase in per capita income, the market is now stable and growing substantially. New developments in the metal matrix composite technologies have ensued tougher and endurable materials, which are now being used in light-weight vehicle due to itshigh specific strength and stiffness and temperature resistivity.

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