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Wednesday May 20, 2015
Wednesday May 20, 2015
Global metal matrix composites market is expected to reach USD 433.3 million by 2022, according to a new study by Grand View Research, Inc. Burgeoning demand for high performance metal components with enhanced durability, shear strength and light weight for manufacturing automobile parts is expected to drive the global MMC market. Favorable regulations to reduce overall vehicle weight in order to improve fuel efficiency particularly in the U.S. and Europe is also expected to have a positive influence on the market growth. Low product yield coupled with complex manufacturing process is expected to remain a key challenge for market participants.
Ground transportation emerged as the largest end-use segment and accounted for 50.1% of total market volume in 2014. Growing light weight metal components demand in automotive and other modes of transportation may be attributed for high level of market penetration in this segment. Electronics/thermal management is expected to witness the fastest growth of 6.9% from 2015 to 2022. Surging demand for high tensile strength composite metals with enhanced thermal conductivity in electronic industry particularly for manufacturing multi-chip modules is expected to fuel MMC market growth over the next seven years.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/metal-matrix-composites-mmc-market
For More Information visit - http://www.grandviewresearch.com/
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