The global metal foam market is projected to be valued at USD 114.8 million in 2025. Superior properties of metal foam such as high porosity and strength are leading to its growing usage in automotive, construction and industrial applications.
Dallas, United States - October 30, 2020 /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. Ultra-lightweight metal foam are an evolving class of modern engineering products that are able to be modified to have a rather desirable property combination. Light weight of aluminum and very high basic rigidity give considerable potential for a reduction in vehicle weight. The aluminum foam 'high energy absorption capabilities are able to provide enhanced crash energy management.
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Among metal foam of different metals, aluminum metal foam are widely popular and are being used at an industrial scale. Aluminum foam can be manufactured by several methods such as advanced metal powder processing and foaming of aluminum alloy melts. Aluminum metal foam exhibit several unusual properties such as low density, low conductivity, incombustibility, non-toxic nature, and material stability at melting point makes them suitable for new-age applications in the automotive and construction industry.
Metal Foams Market: Adoption in Biomedical Applications to Boost Growth
Owing to its structural advantages such as high porosity, metal foams are witnessing large scale adoption across diverse industrial applications such as packaging solutions. To reveal new market developments and dynamic market forces that are encouraging high thrust growth in metal foams market. Adroit Market Research has compiled a new business intelligence report to highlight key developments across current and historical timelines, allowing insightful business decisions.
Backed by rapid end-user applications across industry verticals such as automotive, machinery and marine applications, metal foams market is likely to witness steadfast adoption and growth, unravelling new market opportunities.
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Functional properties of metal foams are leveraging higher industrial applications substituting wood and wool building components. Large scale developments in infrastructure development projects with heightened developments in building and construction activities to steer adoption as metal foams find ample applications in residential and commercial construction activities.
Expansion in infrastructure development projects is closely mediated by rising industrialization rapid shift of rural population in urban areas. Further, improved spending capabilities and population spurt are also boosting automotive construction to comply with rising needs. Further, need for fuel efficiency in automotive has encouraged manufacturer to develop lightweight vehicles that in turn has reflected greater reliance on metal foams as requisite building material. Factors as such are poised to accelerate tremendous growth in metal foams market in the coming years.
North American nations are poised to hold greater growth prominence in metal foam market in the coming years owing to massive infrastructure development initiatives and technological innovations that are fast replace traditional building concepts, thus also fostering high investments in metal foams.
Metal foams market in Europe is also likely to hold a favorable position driven by automotive manufacturing boost where metal foams are extensively preferred for shock absorption capabilities. Factors as such continue to propel immense growth in metal foams market in the coming years.
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.
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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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Website: https://www.adroitmarketresearch.com/industry-reports/metal-foam-market
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