ID: MRFR/CnM/5586-HCR | February 2021 | Region: Global | 140 pages
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
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 (%)
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:
Recent Developments
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
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 |
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.