Global Metal Matrix Composites Market

LONDON, Oct. 23, 2014 /PRNewswire/ — This report analyzes the worldwide markets for Metal Matrix Composites in US$ Million and Thousand Pounds by the following Product Segments: Aluminum Matrix Composites, Nickel Matrix Composites, Refractory Metal Matrix Composites, and Other Metal Matrix Composites. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 41 companies including many key and niche players such as -

3A Composites International AG
3M Company
ADMA Products, Inc.
Ametek Specialty Metal Products
CPS Technologies Corporation

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I. INTRODUCTION, METHODOLOGY PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1

Disclaimers I-2

Data Interpretation Reporting Level I-2

Quantitative Techniques Analytics I-3

Product Definitions and Scope of Study I-3

Metal Matrix Composites I-3

Aluminum Matrix Composites I-4

Nickel Matrix Composites I-4

Refractory Metal Matrix Composites I-4

Other Metal Matrix Composites I-4

Titanium Matrix Composites I-4

Copper Matrix Composites I-4

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW II-1

Composites – A Prelude II-1

Metal Matrix Composites – A Review II-2

Impact of the 2007-2009 Economic Recession in Retrospect II-3

Market Stages Quick Recovery in 2010 II-4

Market Outlook II-5

2. NOTEWORTHY TRENDS, GROWTH DRIVERS ISSUES II-6Improvement in GDP Augurs Well for the Market II-6Table 1: World Real GDP Growth Rates in % (2013 2014E):Breakdown by Country (includes corresponding Graph/Chart) II-7

Table 2: World GDP (2013): Percentage Share Breakdown of

Nominal GDP Value by Country (includes corresponding

Graph/Chart) II-8

Ground Transportation Industry – The Largest Revenue Contributor II-8

Automotive Industry – A Major End-Use Market for Metal Matrix

Composites II-8

Aluminum Metal Matrix – The Most Preferred in Automotive

Industry II-9

Increase in Automotive Production Augurs Well for the Market II-9

Opportunity Indicators II-10

Table 3: Global Passenger Car Production (2012, 2015

2018) in Thousand Units (includes corresponding

Graph/Chart) II-10

Table 4: Global Commercial Vehicle Production (2012, 2015 2018) in Thousand Units (includes correspondingGraph/Chart) II-10

Railways – Market Laden with Tremendous Potential II-10

Electronics Sector Offers Robust Growth Opportunities for MMCs II-11

Opportunities Aplenty in Electronics Packaging ThermalManagement Applications II-11

Table 5: Global Semiconductor Industry (2010 2015):Percentage Breakdown of Revenues by Application (includes corresponding Graph/Chart) II-12

Table 6: Global Market for Consumer Electronics (2012

2015): Breakdown of Annual Revenue (in US$ Billion) by

Region/Country – US, Canada, Europe, Asia-Pacific (including

Japan), Middle East, and Latin American Markets (includes

corresponding Graph/Chart) II-12

Table 7: World Market for Personal Computers (2012 2015P) -Breakdown of Annual Volume Shipments (in ’000 Units) byRegion (includes corresponding Graph/Chart) II-13

Table 8: World Market for Smartphones (2011, 2013 2017P):

Breakdown of Sales in Thousand Units by Geographic

Region/Country (includes corresponding Graph/Chart) II-14

Table 9: Global Media Table Shipments (2008-2017) (in ’000Units) (includes corresponding Graph/Chart) II-15Power Transmission Segment Offers Plenty of Opportunities II-15Healthy Outlook for the World Commercial Aviation IndustryDrives Demand for Metal Matrix Composites II-16Opportunity Indicators II-17Table 10: Global Airline Industry (2014E): Breakdown ofAverage Net Profits by Geographic Region (includescorresponding Graph/Chart) II-17

Table 11: Global Air Traffic Flow (in Billion Revenue

Passenger Kilometers (RPKs) for the Years 2011, 2013E, 2015P

2030P (includes corresponding Graph/Chart) II-17

Table 12: Global Fleet of Commercial Aircraft (in Units) forthe Years 2011, 2013E 2015P (includes correspondingGraph/Chart) II-18

Table 13: Global Aviation Market (2007-2017): Fleet Size by

Segment (includes corresponding Graph/Chart) II-18

Defense Aerospace Presents Steady Growth Prospects for Metal

Matrix Composites II-18

A Look into Other Defense Related Applications for MMCs II-19

Review of Defense Budgets Implications on Adoption of MMCs

in Production of Military/Defense Related Products II-19

Table 14: Military Spending as a Percentage of GDP in Select

Countries: 2009-2012 (includes corresponding Graph/Chart) II-21

Table 15: Military Spending in Select Countries (2012 2013): Breakdown of Amount Spent (in US$ Billion) and Rate of Growth (%) (includes corresponding Graph/Chart) II-22

Table 16: World Defense Spending (2013) Breakdown by Defense

Budget Expenditure in US$ Million for Top Ten Spending

Countries (includes corresponding Graph/Chart) II-22

Steady Acceleration in Global PMI Benefits Market Growth in

Industrial Sector II-23

Table 17: Global Purchasing Managers Index (PMI): Breakdown

of Monthly PMI Data by Country for the Year 2013 (includes

corresponding Graph/Chart) II-24

Nuclear Energy – A Review of Opportunities II-24

Opportunity Indicators II-25

Table 18: World Market for Nuclear Power Generation (2011

2017): Breakdown of Annual Power Generation in Billion

Kilowatt-hours (kWh) by Region/Country (includes

corresponding Graph/Chart) II-25

Table 19: Number of Reactors In Operation by Region (as ofMar 2013) (includes corresponding Graph/Chart) II-26Expanding Applications to Drive Future Growth II-26

Metal Composite Materials Find Increased Usage in Buildings II-26

Sports and Biomedical Sectors II-27Developing Markets to Drive Growth II-27Table 20: GDP Growth for Key Developed and Developing Countries: 2003-2013 (includes corresponding Graph/Chart) II-28MMC Issues Challenges II-29High Costs – Biggest Hurdle to MMC Growth II-29The Way Forward II-30Solutions Related to AMCs II-30Increased Focus on RD Efforts to Drive Market Growth II-30

3. PRODUCT OVERVIEW II-32

Composite II-32

Matrix II-32

Reinforcement II-32

Types of Reinforcements II-32

Continuous Reinforcement II-32

Discontinuous Reinforcement II-33

Metal Matrix Composite II-33

MMC Classification II-33

Continuous MMCs II-34

Multifilament MMCs II-34

Monofilaments II-34

Discontinuous MMCs II-34

Particulate MMCs II-35

Short Fiber MMCs II-35

Whiskers II-35

Cermets II-36

Metallic Foams II-36

Layered MMCs II-36

Hybrid Metal Composites II-36

Intermetallic Matrix Composites II-36

Methods for MMC Fabrication II-36

Solid State Method II-37

Powder Metallurgy II-37

Liquid State Method II-37

Physical Vapor Deposition II-37

Aluminum Matrix Composites (AMCs) II-37

Definition II-37

Types of AMCs II-38

Continuous Fibre-Reinforced AMCs (CFAMCs) II-38

Particle Reinforced AMCs (PAMCs) II-38

Whisker- or Short Fibre-Reinforced AMCs II-38

Mono Filament Reinforced AMCs II-39

Aluminum with Silicon Carbide (SiC) Whiskers II-39

Aluminum with Boron II-39

Aluminum with Graphite (Gr/Al) II-39

Ceramic Reinforcements’ Impact on Aluminum Matrix II-39

AMC Fabrication Methods II-39

Solid State Processing II-40

Powder Metallurgy II-40

Diffusion Bonding II-40

Physical Vapor Deposition (PVD) II-40

Liquid State Processing II-40

Stir Casting (Vortex Technique) II-40

Infiltration Process II-41

Spray Deposition/Direct Processing II-41

Reactive Processing (In-situ Processing) II-41

AMC Applications II-41

Applications in the Aerospace Sector II-42

Nickel Matrix Composites II-42

Refractory Metal Matrix Composites II-42

Titanium Matrix Composites II-42

TMC Applications II-43

Copper Matrix Composites II-43

4. RECENT INDUSTRY ACTIVITY II-44RTI Takes Over Dynamet II-443A Composites Expands Aluminum Composite Material Range II-44XG Sciences and ORNL Develop Titanium/ Graphene CompositeMaterials II-44Materion Takes Over Aerospace Metal Composites II-44

Morgan Technical Ceramics Develops Alumina Matrix Compositefor Hip Joints II-44REL and NYU-Poly Develop Ceramic Fibre-Reinforced MMC Brake Rotor II-44CPS Launches Metal Matrix Composites Blast Mitigating andArmor Materials II-44

5. FOCUS ON SELECT GLOBAL PLAYERS II-45

3A Composites International AG (Switzerland) II-45

3M Company (USA) II-45

Ceradyne, Inc. (USA) II-45

ADMA Products, Inc. (USA) II-46

Ametek Specialty Metal Products (USA) II-46

CPS Technologies Corporation (USA) II-47

Daewha Alloytic Co. Ltd. (Korea) II-47

Deutsche Edelstahlwerke GmbH (Germany) II-48

DWA Aluminum Composites (USA) II-48

GKN PLC (UK) II-48

Hitachi Metals, Ltd. (Japan) II-49

Materion Corporation (USA) II-49

Metal Matrix Cast Composites LLC (USA) II-50

MI-Tech Metals, Inc. (USA) II-50

PLANSEE Thermal Management Solutions (USA) II-51

Sandvik AB (Sweden) II-51

Sumitomo Electric Industries, Ltd. (Japan) II-52

Thermal Transfer Composites LLC (USA) II-52

TISICS Ltd. (UK) II-53

6. GLOBAL MARKET PERSPECTIVE II-54Table 21: World Recent Past, Current Future Analysis forMetal Matrix Composites by Geographic Region – US, Canada,Japan, Europe, Asia-Pacific (Excluding Japan), Latin Americaand Rest of World Markets Independently Analyzed with AnnualRevenue Figures in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart) II-54

Table 22: World Historic Review for Metal Matrix Composites by

Geographic Region – US, Canada, Japan, Europe, Asia-Pacific

(Excluding Japan), Latin America and Rest of World Markets

Independently Analyzed with Annual Revenue Figures in US$

Thousand for Years 2006 through 2012 (includes corresponding

Graph/Chart) II-55

Table 23: World 15-Year Perspective for Metal MatrixComposites by Geographic Region – Percentage Breakdown ofRevenues for US, Canada, Japan, Europe, Asia-Pacific(Excluding Japan), Latin America and Rest of World Markets forYears 2006, 2014 2020 (includes corresponding Graph/Chart) II-56

Table 24: World Recent Past, Current Future Analysis for

Metal Matrix Composites by Product Segment – Aluminum Matrix

Composites, Nickel Matrix Composites, Refractory Metal Matrix

Composites, and Other Metal Matrix Composites Markets

Independently Analyzed with Annual Revenue Figures in US$

Thousand for Years 2013 through 2020 (includes corresponding

Graph/Chart) II-57

Table 25: World Historic Review for Metal Matrix Composites byProduct Segment – Aluminum Matrix Composites, Nickel MatrixComposites, Refractory Metal Matrix Composites, and OtherMetal Matrix Composites Markets Independently Analyzed withAnnual Revenue Figures in US$ Thousand for Years 2006 through2012 (includes corresponding Graph/Chart) II-58

Table 26: World 15-Year Perspective for Metal Matrix

Composites by Product Segment – Percentage Breakdown of

Revenues for Aluminum Matrix Composites, Nickel Matrix

Composites, Refractory Metal Matrix Composites, and Other

Metal Matrix Composites Markets for Years 2006, 2014 2020

(includes corresponding Graph/Chart) II-59

Table 27: World Recent Past, Current Future Analysis forMetal Matrix Composites by End-Use Industry – GroundTransportation, Electronics/Thermal Management, Aerospace,Industrial and Other Markets Independently Analyzed withAnnual Revenue Figures in US$ Thousand for Years 2013 through2020 (includes corresponding Graph/Chart) II-60

Table 28: World Historic Review for Metal Matrix Composites by

End-Use Industry – Ground Transportation, Electronics/Thermal

Management, Aerospace, Industrial and Other Markets

Independently Analyzed with Annual Revenue Figures in US$

Thousand for Years 2006 through 2012 (includes corresponding

Graph/Chart) II-61

Table 29: World 15-Year Perspective for Metal MatrixComposites by End-Use Industry – Percentage Breakdown ofRevenues for Ground Transportation, Electronics/ThermalManagement, Aerospace, Industrial and Other Markets for Years2006, 2014 2020 (includes corresponding Graph/Chart) II-62III. MARKET

1. UNITED STATES III-1

A.Market Analysis III-1

Current Future Analysis III-1

Market Overview III-1

A Glance at the Opportunities in Major End-Use Markets III-1

Recovering Manufacturing Sector Drives Demand for Metal

Composites in Industrial Sector III-1

Strategic Corporate Developments III-2

Select Players III-3

B.Market Analytics III-9

Table 30: US Recent Past, Current Future Analysis for

Metal Matrix Composites Market Analyzed with Annual Revenue

Figures in US$ Thousand for Years 2013 through 2020

(includes corresponding Graph/Chart) III-9

Table 31: US Historic Review for Metal Matrix CompositesMarket Analyzed with Annual Revenue Figures in US$ Thousand for Years 2006 through 2012 (includes correspondingGraph/Chart) III-9

2. CANADA III-10

A.Market Analysis III-10

Current Future Analysis III-10

B.Market Analytics III-10

Table 32: Canadian Recent Past, Current Future Analysis

for Metal Matrix Composites Market Analyzed with Annual

Revenue Figures in US$ Thousand for Years 2013 through 2020

(includes corresponding Graph/Chart) III-10

Table 33: Canadian Historic Review for Metal MatrixComposites Market Analyzed with Annual Revenue Figures inUS$ Thousand for Years 2006 through 2012 (includes corresponding Graph/Chart) III-11

3. JAPAN III-12

A.Market Analysis III-12

Current Future Analysis III-12

Automotive Industry – A Major End-Use Market for Metal

Matrix Composites III-12

Improving Manufacturing Activity Bodes Well for the Market

in Japan III-12

Select Players III-12

B.Market Analytics III-13

Table 34: Japanese Recent Past, Current Future Analysis

for Metal Matrix Composites Market Analyzed with Annual

Revenue Figures in US$ Thousand for Years 2013 through 2020

(includes corresponding Graph/Chart) III-13

Table 35: Japanese Historic Review for Metal MatrixComposites Market Analyzed with Annual Revenue Figures in US$ Thousand for Years 2006 through 2012 (includescorresponding Graph/Chart) III-14

4. EUROPE III-15

A.Market Analysis III-15

Current Future Analysis III-15

Impact of Euro Debt Crisis on the Market – A Recent Past

Perspective III-15

Market Growth Set to Gain Momentum in Coming Years III-16

B.Market Analytics III-18

Table 36: European Recent Past, Current Future Analysis

for Metal Matrix Composites by Geographic Region – France,

Germany, Italy, UK, Spain, Russia and Rest of Europe Markets

Independently Analyzed with Annual Revenue Figures in US$

Thousand for Years 2013 through 2020 (includes corresponding

Graph/Chart) III-18

Table 37: European Historic Review for Metal MatrixComposites by Geographic Region – France, Germany, Italy,UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Revenue Figures in US$ Thousand forYears 2006 through 2012 (includes corresponding Graph/Chart) III-19

Table 38: European 15-Year Perspective for Metal Matrix

Composites by Geographic Region – Percentage Breakdown of

Revenues for France, Germany, Italy, UK, Spain, Russia and

Rest of Europe Markets for Years 2006, 2014 2020 (includes

corresponding Graph/Chart) III-20

4a. FRANCE III-21A.Market Analysis III-21Current Future Analysis III-21B.Market Analytics III-21Table 39: French Recent Past, Current Future Analysis forMetal Matrix Composites Market Analyzed with Annual RevenueFigures in US$ Thousand for Years 2013 through 2020(includes corresponding Graph/Chart) III-21

Table 40: French Historic Review for Metal Matrix Composites

Market Analyzed with Annual Revenue Figures in US$ Thousand

for Years 2006 through 2012 (includes corresponding

Graph/Chart) III-22

4b. GERMANY III-23A.Market Analysis III-23Current Future Analysis III-23Strong Automotive Sector Robust Industrial/ManufacturingActivity Makes Germany a Market Laden with Potential forCastings III-23Strategic Corporate Development III-23A Select Player III-23B.Market Analytics III-24Table 41: German Recent Past, Current Future Analysis forMetal Matrix Composites Market Analyzed with Annual RevenueFigures in US$ Thousand for Years 2013 through 2020(includes corresponding Graph/Chart) III-24

Table 42: German Historic Review for Metal Matrix Composites

Market Analyzed with Annual Revenue Figures in US$ Thousand

for Years 2006 through 2012 (includes corresponding

Graph/Chart) III-25

4c. ITALY III-26A.Market Analysis III-26Current Future Analysis III-26B.Market Analytics III-26Table 43: Italian Recent Past, Current Future Analysis forMetal Matrix Composites Market Analyzed with Annual RevenueFigures in US$ Thousand for Years 2013 through 2020(includes corresponding Graph/Chart) III-26

Table 44: Italian Historic Review for Metal Matrix

Composites Market Analyzed with Annual Revenue Figures in

US$ Thousand for Years 2006 through 2012 (includes

corresponding Graph/Chart) III-27

4d. THE UNITED KINGDOM III-28A.Market Analysis III-28Current Future Analysis III-28Composite Industry in the UK – A Snapshot III-28Strategic Corporate Development III-28Select Players III-28B.Market Analytics III-29Table 45: UK Recent Past, Current Future Analysis forMetal Matrix Composites Market Analyzed with Annual Revenue Figures in US$ Thousand for Years 2013 through 2020(includes corresponding Graph/Chart) III-29

Table 46: UK Historic Review for Metal Matrix Composites

Market Analyzed with Annual Revenue Figures in US$ Thousand

for Years 2006 through 2012 (includes corresponding

Graph/Chart) III-30

4e. SPAIN III-31A.Market Analysis III-31Current Future Analysis III-31B.Market Analytics III-31Table 47: Spanish Recent Past, Current Future Analysis forMetal Matrix Composites Market Analyzed with Annual RevenueFigures in US$ Thousand for Years 2013 through 2020(includes corresponding Graph/Chart) III-31

Table 48: Spanish Historic Review for Metal Matrix

Composites Market Analyzed with Annual Revenue Figures in

US$ Thousand for Years 2006 through 2012 (includes

corresponding Graph/Chart) III-32

4f. RUSSIA III-33A.Market Analysis III-33Current Future Analysis III-33B.Market Analytics III-33Table 49: Russian Recent Past, Current Future Analysis forMetal Matrix Composites Market Analyzed with Annual RevenueFigures in US$ Thousand for Years 2013 through 2020(includes corresponding Graph/Chart) III-33

Table 50: Russian Historic Review for Metal Matrix

Composites Market Analyzed with Annual Revenue Figures in

US$ Thousand for Years 2006 through 2012 (includes

corresponding Graph/Chart) III-34

4g. REST OF EUROPE III-35A.Market Analysis III-35Current Future Analysis III-35Select Players III-35B.Market Analytics III-36Table 51: Rest of Europe Recent Past, Current FutureAnalysis for Metal Matrix Composites Market Analyzed withAnnual Revenue Figures in US$ Thousand for Years 2013through 2020 (includes corresponding Graph/Chart) III-36

Table 52: Rest of Europe Historic Review for Metal Matrix

Composites Market Analyzed with Annual Revenue Figures in

US$ Thousand for Years 2006 through 2012 (includes

corresponding Graph/Chart) III-37

5. ASIA-PACIFIC III-38A.Market Analysis III-38Current Future Analysis III-38B.Market Analytics III-38Table 53: Asia-Pacific Recent Past, Current FutureAnalysis for Metal Matrix Composites by Geographic Region -China, India and Rest of Asia-Pacific Markets IndependentlyAnalyzed with Annual Revenue Figures in US$ Thousand forYears 2013 through 2020 (includes corresponding Graph/Chart) III-38

Table 54: Asia-Pacific Historic Review for Metal Matrix

Composites by Geographic Region – China, India and Rest of

Asia-Pacific Markets Independently Analyzed with Annual

Revenue Figures in US$ Thousand for Years 2006 through 2012

(includes corresponding Graph/Chart) III-39

Table 55: Asia-Pacific 15-Year Perspective for Metal MatrixComposites by Geographic Region – Percentage Breakdown ofRevenues for China, India and Rest of Asia-Pacific Marketsfor Years 2006, 2014 2020 (includes correspondingGraph/Chart) III-40

5a. CHINA III-41

A.Market Analysis III-41

Current Future Analysis III-41

Huge Automotive Manufacturing Base Makes China a Lucrative

Market for Metal Matrix Composites III-41

B.Market Analytics III-42

Table 56: Chinese Recent Past, Current Future Analysis for

Metal Matrix Composites Market Analyzed with Annual Revenue

Figures in US$ Thousand for Years 2013 through 2020

(includes corresponding Graph/Chart) III-42

Table 57: Chinese Historic Review for Metal MatrixComposites Market Analyzed with Annual Revenue Figures inUS$ Thousand for Years 2006 through 2012 (includescorresponding Graph/Chart) III-43

5b. INDIA III-44

A.Market Analysis III-44

Current Future Analysis III-44

Indian Railways – A Major Market for Composites in India III-44

B.Market Analytics III-44

Table 58: Indian Recent Past, Current Future Analysis for

Metal Matrix Composites Market Analyzed with Annual Revenue

Figures in US$ Thousand for Years 2013 through 2020

(includes corresponding Graph/Chart) III-44

Table 59: Indian Historic Review for Metal Matrix CompositesMarket Analyzed with Annual Revenue Figures in US$ Thousandfor Years 2006 through 2012 (includes correspondingGraph/Chart) III-45

5c. REST OF ASIA-PACIFIC III-46

A.Market Analysis III-46

Current Future Analysis III-46

A Select Player III-46

B.Market Analytics III-46

Table 60: Rest of Asia-Pacific Recent Past, Current Future

Analysis for Metal Matrix Composites Market Analyzed with

Annual Revenue Figures in US$ Thousand for Years 2013

through 2020 (includes corresponding Graph/Chart) III-46

Table 61: Rest of Asia-Pacific Historic Review for MetalMatrix Composites Market Analyzed with Annual RevenueFigures in US$ Thousand for Years 2006 through 2012(includes corresponding Graph/Chart) III-47

6. LATIN AMERICA III-48

A.Market Analysis III-48

Current Future Analysis III-48

B.Market Analytics III-48

Table 62: Latin American Recent Past, Current Future

Analysis for Metal Matrix Composites Market Analyzed with

Annual Revenue Figures in US$ Thousand for Years 2013

through 2020 (includes corresponding Graph/Chart) III-48

Table 63: Latin American Historic Review for Metal MatrixComposites Market Analyzed with Annual Revenue Figures inUS$ Thousand for Years 2006 through 2012 (includescorresponding Graph/Chart) III-49

7. REST OF WORLD III-50

A.Market Analysis III-50

Current Future Analysis III-50

B.Market Analytics III-50

Table 64: Rest of World Recent Past, Current Future

Analysis for Metal Matrix Composites Market Analyzed with

Annual Revenue Figures in US$ Thousand for Years 2013

through 2020 (includes corresponding Graph/Chart) III-50

Table 65: Rest of World Historic Review for Metal MatrixComposites Market Analyzed with Annual Revenue Figures inUS$ Thousand for Years 2006 through 2012 (includescorresponding Graph/Chart) III-51IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 41 (including Divisions/Subsidiaries – 43)

The United States (25)Canada (3)Japan (3)Europe (11)- France (1)- Germany (1)- The United Kingdom (6)- Rest of Europe (3)Asia-Pacific (Excluding Japan) (1)

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