Metal foam have superior structural properties as compared to their counterparts such as polymer foam owing to which they are gaining high traction in recent years.
Dallas, United States - April 20, 2021 /MarketersMedia/ —
The global metal foam market is projected to be valued at USD 114.8 million in 2025, growing at CAGR 4.0% over the forecast period. Exceptional properties of metal foam are the key factor owing to which the material is gaining high traction for lightweight structure in the construction and automotive industry.
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Increasing demand for the metal foam in the automotive sector for reducing number of parts and size of the parts used in the vehicles by reducing the weight and size of the vehicle and hence increasing its performance as well as reducing the cost of production of the vehicles are the major factors that are contributing to the growth of global metal foam market over the forecast period. Rise in the demand for vehicles due to the increase in the people’s disposable incomes as well as for the ease of commute and comfort, along with affordability of the vehicles are the major factors that are contributing to the expansion of the global metal foam market in the coming few years.
Further, several beneficial properties of the metal foam such as high strength and high porosity makes them useful in the automobile sector which are also fueling the product demand and hence contributing to the growth of global metal foam market over the coming years. Also superior properties of the metal foam as compared to the other alternatives available in the market over the recent times are creating opportunities for the expansion of global metal foam industry over the analysis time frame.
Metal foam is made up of various metals such as aluminum, titanium, copper and others. These metal are made up of large number of pores that have gas filled in them. Further, good strength, high porosity, low thermal conductivity and other factors are majorly contributing to the rising popularity of the global metal foam market over the coming years. However, lack of awareness regarding the beneficial properties of the product as well high price of the product are the major factors that are hampering the growth of global metal foam market over the analysis time frame. Rising cases of the corona virus pandemic is causing disruptions in manufacturing and production of goods, hence, challenging the market growth. Technological advancements for the optimal use of the product is also contributing to the market growth.
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By region, the global metal foam market is segmented by key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to dominate the global demand for metal foams on account of the burgeoning automotive industry in the region and growth in disposable income which will lead to growth in the building & construction industry. However, the market growth is projected to be sluggish in 2020, due to the negative economic impact caused by COVID-19.
ERG Aerospace Corporation, CYMAT Technologies Ltd, Alantum, Mott Corporation, Ultramet, Shanxi Putai Aluminum Foam Manufacturing Co., Ltd., Mayser GmbH & Co. KG, Liaoning Rontec Advanced Material Technology Co., Ltd, are examples of the major players present in the global metal foam market. These players are focused on R&D to increase the usage of metal foams in the end-use industries. Currently, the global metal foam market is moderately competitive with the presence of global and region-specific market players.
Key segments of the global metal foam market
Material Overview, 2015-2025 (Tons) (USD Million)
Aluminum
Copper
Nickel
Others
Type Overview, 2015-2025 (Tons) (USD Million)
Closed Cell Metal Foam
Open Cell Metal Foam
Stochastic Cell Metal Foam
Application Overview, 2015-2025 (Tons) (USD Million)
Heat exchangers
Anti-intrusion bars
Others
End Use Overview, 2015-2025 (Tons) (USD Million)
Construction & infra
Automotive
Industrial
Others
Regional Overview, 2015-2025 (Tons) (USD Million)
North America
US
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
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