Global Metal Matrix Composite Market to reach 8.7 thousand tons valued at $406.2 million by 2020, says a New Research Report at Ceskaa Market Research
Madison, NJ | Jan 11, 2016 | Ceskaa Market Research
Ceskaa Market Research (http://www.ceskaa.com/shop/advanced-materials/global-metal-matrix-composites-market-2015-2020/) has announced the addition of the Metal Matrix Market: 2015-2020 report to their offering.
The global 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. The global market for metal matrix composite is growing mainly in Asia-Pacific, North America and Europe due to consumption in automotive and in defense sector. Though, in the longer-term, the developing countries, including India, China, Indonesia, and Middle East countries, are expected to create many prospects for the metal matrix composite market.
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
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.
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Source: Ceskaa Research