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(Transportation-News.com, August 21, 2018 ) Metal Matrix Composites Market from robotic application may witness favourable gains over the projected time frame. Global industrial robotic market is may exceed over USD 80 billion by 2024. Metal matrix composites have better wear & tear resistance, good mechanical strength high temperatures resistance and light weight makes them suitable material for robot construction.
Metal Matrix Composites Market size may witness significant growth owing to positive application outlook in electronics, automotive and space equipment. It comprises of metal and organic or ceramic compound with thermal, mechanical and physical properties which can be customised by casting, forging, rolling and heat treatment.
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Carbon, Ceramic fibres and silicon carbide are embedded in metal or alloy and possess better thermal & electrical conductivity. It is used as radiation resistance and outgassing owing to properties like withstand wide range of temperature and do not absorb moisture. Metal matrix composites (MMC) are light in weight and improves automobile fuel efficiency. Growing consumer concerns regarding increasing oil prices has led to rise in fuel efficient vehicle demand thereby stimulating metal matrix composites demand MMC has greater tensile strength as compared to reinforced metal, aluminium and steel which may influence automotive & turbines combustion engine and brake rotor manufacturing. Honda, Toyota and Ford are using aluminium matrix to improve car functionality and durability
Aluminium MMC reduce thermal expansion & increase fatigue resistance leading to wide application scope in light weight, passenger & heavy vehicles. Aluminium reinforced composite are extensively used in car clutch &face plate assembly and crank shaft due to excellent fatigue, heat and abrasion resistance properties Porsche uses MMC in cylinder sleeves in Boxster & 911 model. Flourishing automobile sector owing to increase in consumer spending on automotive may drive metal matrix composites market size.
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North America, driven by Canada and the U.S. metal matrix composites market may witness significant growth owing to expansion in telecommunication and automobile industry. Presence of various companies investing in these sectors to expand their business may stimulate industry growth. Metal matrix composites market in Europe driven by UK, Germany and France may witness a steady growth. Increasing in consumer spending on automobile sector and growing medical expenses may drive regional growth.
Metal matrix composites are expensive than traditional material they are substituting as a result they are used where product improvement and performance is justifiable. The manufacturing cost are very high leading usage in high end products like luxury, sports car and space components. High manufacturing cost may pose challenge metal matrix composites industry.
Global metal matrix composites market is consolidated. The dominant players are 3M, CPS Technologies, Santier, AZom, Hitachi Metals and Deutsche Edelstahlwerke.
Global Market Insights, Inc.
Arun Hegde
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Source: EmailWire.Com 
Source: EmailWire.com
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