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According to Stratistics MRC, the Global Metal Matrix Composite Market is accounted for $441.58 million
BriefingWire.com, 5/06/2021 - According to Stratistics MRC, the Global Metal Matrix Composite Market is accounted for $441.58 million in 2017 and is expected to reach $894.32 million by 2026 growing at a CAGR of 8.2% during the forecast period. Some of the key factors influencing the market growth include increasing demand for lightweight & strong MMC from the ground transportation end-use industry, growing demand for weight reduction from automotive industry and higher specific strength and modulus over metals. However, complicated manufacturing process is restraining the market growth.
Metal matrix composites (MMC) are composite materials consisting of a metal and a secondary ingredient which may be a different metal or non-metallic material such as ceramic or organic compound. The key characteristics associated with metal matrix composites is