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Metal Foam Market Research Report Global Forecast till 2030

Global Metal Foam Market Research Report — by Material (Aluminum, Copper, Nickel, Zinc), Product (Closed Cell Metal Foam), Application (Heat Exchangers, Energy Absorbers), End-use Industry (Automotive, Bio-Medical, Marine), and Region—Forecast to 2030

ID: MRFR/CnM/5586-HCR | February 2021 | Region: Global | 140 pages

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Metal Foam Market Overview


Owing to the increased and recognized use of metals across various industry vertices, the Metal foam market share is likely to increase at a good rate. The market is expected to grow at a CAGR rate of 4.2% during the forecast period of 2021-2030. Also, the market is expecting the final production capacity for the market operations that stand at a global value worth USD 103 million by the end of the revenue period in 2030. At the end of the previous revenue period in 2019, the market was valued at a market revenue that summed up to a final amount of USD 84 million.


Metal foams are being recognized for their ease and user convenience. The metal foam market is witnessing a huge rise in the demand for the various forms, products, and services for the market as there has been a hike in the functioning and production of end-use industries like construction, infrastructure, and automotive. There is a series of advantages that metal foam offers. Some of them are cost-benefit, thermal conductivity, and increased adoption of the market products and services.


COVID 19 Analysis


Metal is a major ingredient across various industry vertices like the paints, automotive, covers, and coatings sector, alongside the building, infrastructure and construction units. Since the total population of the world has dealt with the reality of the appearance of the pandemic, there has been a highly sensitive situation in general. The organizations are witnessing a huge rise in the production, development, and manufacturing issues which are pushing them towards the failure to deliver according to the market demand and thus, face losses. Also, the market is struggling to keep a proper pace of the market operations and the demand and supply quantum. This is hampering the demand ability of the target audience as the pandemic has resulted in hampering their purchasing power. Also, there is wide inaccessibility of work, market sources of information that will help in making judicious and fruitful use of the market resources and raw material and further, give rise to collaborations, company takeovers, and acquisitions followed by the enhanced ability to meet the rising needs and demands of the target audience.


Metal foam is one of the recognized ingredients that is important for the smooth and efficient functions of various kinds of global players and rising companies. The execution of the market products backed with technology and marketing advancements is likely to have a positive impact on the global market during the forecast period that will be ending in 2028. The rising investments from the public authorities followed by the rising swing for the research and development departments will help the market introduce new and qualitative product portfolios to the market that promise a better and expanded growth during the forecast period in both the regional and international markets.


Market Dynamics


Drivers


The global market segments are known for their excellent ability to protect passengers from side impacts as they are being installed in various consumer goods and services. Metal foam market products promise high-performance and lightweight foam that will drive the market towards immense growth of the metal foam market trends and market share in various global regions by the end of the period in 2028. 


Restraints


Rapid industrialization followed by the expanding degree of urbanization is on the future cards for the market because of an improvised GDP. This is likely to push the global market towards an excellent growth degree by the end of the forecast period. However, the metal foam market trends predict the need for maintenance of the carbon dioxide levels and emission rates. Also, the market is witnessing a rising need to sustain energy and material resources for future generations to come that will help in the smooth functioning of the market players and operations. This is one of the major factors that might impact the market from growing in the period.


Technology Analysis


The perfect example of wise use of technology in the market is available in the form of the anti-intrusion bars application segment. These are having a high use in the automotive industry owing to their divergent use in ground vehicles and passenger cars that are emerging as one of the necessities for the target audience.


Study Objectives



  • To study the market dynamics like the drivers and restraints followed by the overview of the market before and after the outbreak of the novel coronavirus. And, thus, understand the ideology of the business analysts to predict the global growth revenue and CAGR of the market during the forecast period of 2021-2028.

  • To understand the market scale of operations undertaken during the period, the growth prospects available, potentially held by the market segments, and further, understand the functioning that will help in meeting and enhancing the attainable market revenue by the end of the period.

  • To study the reasons behind the competitive market degree prevailing by discussing the recent developments undertaken by the market players across various global regions that will help in the regional and international market growth during the period ending in 2028.


Segment Overview


The metal foam industry has been segmented globally based on the following:


Based on materials


Based on the materials, the metal foam market includes tungsten, nickel, tantalum, aluminum, and others like nickel.


Based on applications


The market applications are railway buffer, medical implants, heat exchangers, sound insulations, and anti-intrusion bars.


Based on end-use industry


The global market products and services are rising to the maximum extent in countries like aerospace, automotive, defense, medical, and construction.


Global Metal Foam Market Share, by End-use Industry, 2017 (%) Global Metal Foam Market Share, by End-use Industry, 2017 (%)




Regional Analysis


The market considers the resource and raw material distribution. The metal foam market share is increasing based on its segmentation amongst various global regions. These are the Asia-Pacific region, the European countries, Latin American, the North American region, and the Middle East and African countries. The largest market share during the global growth of the market is likely to be experienced by the Asia-Pacific region. The APAC region is home to some of the largest growing metal industries and companies that are functioning efficiently in the region. Also, the APAC region happens to be the fastest-growing region in the world during the period. Additionally, the market is witnessing a rapid degree of urbanization and industrialization that will drive the market towards growth.


The second-largest market growth is likely to be held by the North American countries. The main reason behind this is the active presence and rising contribution of infrastructural and commercial industry in the region.


Competitive Landscape


The most prominent market players that promise excellent attributes for the metal foam market size during the forecast period are as follows:



  • ERG Aerospace Corporation (US)

  • Aluminum King Co., Ltd (China)

  • CYMAT Technologies Ltd. (Canada)

  • Alantum (South Korea)

  • Ultramet (US)

  • Mott Corporation (US)

  • Mayser GmbH & Co. KG (Germany)

  • Liaoning Rontec Advanced Material Technology Co., Ltd. (China)

  • Shanxi Putai Aluminum Foam Manufacturing Co., Ltd. (China)


Recent Developments


July 2021 Researchers in Singapore have invented a smart foam material that allows robots to sense adjacent objects and, like human skin, repair itself when harmed. The researchers injected the substance with small metal particles and placed tiny electrodes beneath the foam's surface to mimic the human sense of touch. AiFoam, or artificially innervated foam, is a highly elastic polymer that combines fluoropolymer with a surface tension-lowering chemical. According to experts at the National University of Singapore, this allows the spongy material to fuse into one piece when cut easily. The researchers injected the substance with small metal particles and placed tiny electrodes beneath the foam's surface to mimic the human sense of touch.

CYMAT took to the international market to launch its joint-venture with a Spain-based company - Alucoil SA. this venture is likely to function for the production of aluminum compost panels with aluminum foam cores. This joint venture is likely to help in increasing the geographical presence of the company in the international market.


Another prominent company belonging to the market - Mayser GmbH & Co. KG raised its investment to invest in a new factory in Michigan, US. The main aim behind this investment is to help the company increase its geographical presence and also, have a better hand at the development of metal foam market products that promote safety and foam technology. Also, the expansion will help the market enhance its presence in the North American market.


ERG Aerospace Corporation also opened its facility for manufacturing its products in Sparks, Nevada, as a part of the US market.


Report Overview


This market report conducts a qualitative market study of the factors and rising market trends along with other market dynamics like opportunities and restraints that will impact the final growth and revenue figures attained by the global market during the forecast period of 2021-2028. The global market covers the basis of the global market segmentation followed by studying the ability of the market to meet the needs and enhance the attainable revenue figures. The report discusses the rising competitive degree by considering the recent developments and other growth efforts of the market players for the expansion of the market size.


Intended Audience



  • Potential investors and buyers of metal foam

  • Raw material traders and suppliers

  • Traders, manufacturers, and distributors

  • Exporting agents

  • Import multinationals and local companies

  • Metal manufacturers, and many others.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   2019–2030: Substantial CAGR
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Material, Application, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Admatis Ltd. (Hungary), Shanxi Putai Aluminum Foam Manufacturing Co., Ltd. (China), Hunan Ted New Material Co., Ltd. (China), Alantum Corporation (South Korea), Havel Metal foam (Germany), Shanghai Zhonghui Foam Aluminum Co. Ltd. (China), American Elements (US), Cymat Technologies Ltd. (Canada), Aluinvent Zrt. (Hungary), and Mayser GmbH & Co. KG (Germany)
  Key Market Opportunities   Growing construction and aerospace and defense industries provide opportunities to the market players.
  Key Market Drivers   Prominent characteristics of Metal foams, including thermal management, electrical efficiency, and shock-absorption nature


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Frequently Asked Questions (FAQ) :

The global market is expected to grow at a global CAGR of 4.2% during the forecast period.

The metal foam market operations are expected to rise and attain a global market value worth USD 103 million.

The largest market share in the global market is expected to be held by the Asia-Pacific region.