Ceradyne (CRDN)

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San Jose, CA (PRWEB) April 23, 2008 -- In the modern world, metal composite materials have become an essential application part in civil engineering projects, fiberglass, etc. Rapid adoption of MMCs is attributed to their constant development in terms of such characteristics that are hard to find in alloys or metals. The cost-effective materials fill the gap of material requirement left by monolithic materials. The advanced materials offer increased strength (tensile & yield), wear resistance, stiffness, corrosion resistance, low thermal elongation, and thermal shock resistance.

World metal matrix composites market is all set for an above average growth over the 2001-2010 period, as stated by recent report published by Global Industry Analysts, Inc. Asia-Pacific (inclusive of Japan) is forecast as the fastest growing region, exhibiting a CAGR of 8% over 2001-2010, while the United States will continue to maintain its dominating presence in the global metal matrix composites market, with a share estimated at 36% for 2008.

Metal Matrix Composites: A Global Strategic Business Report
In terms of product segment, refractory metal matrix composites market is anticipated to offer high growth potential with a CAGR of over 8% during 2001-2010. The segment is also the largest, accounting for an estimated share of 62% for 2008. aluminum matrix composites market is projected to exceed $68 million by 2010.

Among the various end-use industries for metal matrix composites, ground transportation market, with a share estimated at 57% for 2008, forms the largest, while the aerospace market is expected to emerge as the fastest, with a CAGR of 7% over 2001-2010. Other end-use industries analyzed include electronics/thermal management market, industrial market and other markets (including consumer products and defense sectors).

Metal matrix composites act as a perfect solution for several engineering tasks, where increased stiffness, strength, temperature, conductivity, and low weight are pre-requisites. Cost plays an important role in the growth of MMCs, as their production involves processing of pre-established metals with reinforcements. Despite its small market size, global metal matrix composites have become an important element for many technologies. Market players either are specialized in specific product categories or use particular production process or material. Rising power demand combined with the need for uninterrupted power supply is expected to propel the market for MMCs. In addition, reductions in production costs of MMCs would also boost demand in the transportation sector. The market is likely to further receive positive response from non-aerospace and non-transportation sectors, if the industry effectively promotes the product by highlighting its benefits.

Key industry participants profiled in the report include 3M Company, ADMA Products, Inc., Aerospace Metal Composites Limited, Ametek Specialty Metal Products, Brush Engineered Materials Inc, Ceradyne, Inc., CPS Technologies Corporation, Ceramic Protection Corporation, Composite Technology Corporation, DWA Aluminum Composites, Deutsche Edelstahlwerke GmbH, Electrovac AG, FMW Composite Systems, Inc., Foster-Miller, Inc., Momentive Performance Materials Inc., Hitachi Metals, Ltd., Metal Matrix Cast Composites LLC, MI-Tech Metals Inc., PLANSEE Thermal Management Solutions, Talon Composites LLC and Thermal Transfer Composites LLC.

The report titled "Metal Matrix Composites: A Global Strategic Business Report" published by Global Industry Analysts, Inc. discusses the prevailing trends, issues, demand forecasts, and activities that affect the industry. The metal matrix composites market is analyzed in $ Million by the following geographic regions - United States, Europe, Asia-Pacific (including Japan), and Rest of World. The study also enumerates recent developments, mergers, acquisitions, and other strategic industry activity.

For more details about this research report, please visit http://www.strategyr.com/Metal_Matrix_Composites_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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