Report overview
Magnesium composites are new metal matrix composites, which are widely used in aerospace and automotive industries due to their low density, good mechanical properties, better corrosion and wear resistance, and lower coefficient of thermal expansion compared to traditional metals and alloys.
This report contains market size and forecasts of Magnesium Matrix Composites in global, including the following market information:
Global Magnesium Matrix Composites Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Magnesium Matrix Composites Market Sales, 2017-2022, 2023-2028, (Tons)
Global top five Magnesium Matrix Composites companies in 2021 (%)
The global Magnesium Matrix Composites market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cast Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Magnesium Matrix Composites include Materion, 3M, CPS Technologies Corporation, Magnesium Elektron, Metal Cast Technologies, GKN, Deutsche Edelstahlwerke GmbH and Magontec, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Magnesium Matrix Composites manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Magnesium Matrix Composites Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Magnesium Matrix Composites Market Segment Percentages, by Type, 2021 (%)
Cast Type
Wrought Type
Global Magnesium Matrix Composites Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Magnesium Matrix Composites Market Segment Percentages, by Application, 2021 (%)
Aerospace
Automotive
Communication
Other
Global Magnesium Matrix Composites Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Tons)
Global Magnesium Matrix Composites Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Magnesium Matrix Composites revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Magnesium Matrix Composites revenues share in global market, 2021 (%)
Key companies Magnesium Matrix Composites sales in global market, 2017-2022 (Estimated), (Tons)
Key companies Magnesium Matrix Composites sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Materion
3M
CPS Technologies Corporation
Magnesium Elektron
Metal Cast Technologies
GKN
Deutsche Edelstahlwerke GmbH
Magontec
