Metal Foams Market Value Projected to Expand by 2031

Metal foams market is predicted to grow at a CAGR of 3.2% during. A cellular structure designed using a solid metal consisting of a large volume fraction of gas-filled pores is known as metal foam. This metal foam posess numerous properties such as ultra-light material, very high porosity, high compression strengths combined with good energy absorption characteristics, higher strength and low thermal conductivity. All these properties prove metal foams as a superior alternative to conventional materials and promote the adoption in various applications. Rising demand of light weight and low-emission vehicles acts as a major factor in motivating the market. Advanced materials used in manufacturing automotives play a significant role in boosting the fuel economy of modern automobiles as they take less energy to accelerate a lighter object as compared to heavier ones. Additionally, lightweight materials offer significant potential for increasing vehicle efficiency. Using metal foams in automotive applications fulfill most of the requirements and drives its usage.

Moreover, rising urbanization as well as enhancements in construction industry utilizing metal foams has also been motivating the market. Cohesive government policies such as the US government funding on usage of magnesium materials in automotives are driving the market growth. However, several factors such as high costs of these foams affect its usage in emerging economies such as China, India and Korea. Additionally, lack of awareness in emerging economies will also affect the market growth. However, rising applications of metal foams in emerging economies will be driving the market in future. Moreover, technological advancements in these foams will motivate the market in future.

Automotive applications due to cohesive government policies in the region motivate the market. Moreover, APAC region has been predicted as the fastest growing region due to rising end-user industries in the region. Furthermore, enhanced applications of metal foams in construction and automotives in countries such as China, Japan and China are motivating the market in the region. Major players contributing into the growth of the global metal foams market includes American Elements, Alantum Corp., BASF SE, Evonik Industries, K.R. Reynolds Company, SELEE Corp., Stylepark AG and so forth. R&D, partnership, product launch and collaboration are the key winning strategies adopted by market players across the globe.

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Metal Foams Market- Segmentation

By Product Type

• Closed Cell Metal Foams
• Open Cell Metal Foams
• Stochastic Metal Foam

By Material Type

• Aluminium Foams
• Magnesium Foams
• Nickel Foams
• Copper Foams
• Others

By Application

• Anti-Intrusion Bars
• Heat Exchangers
• Sound Absorbers
• Electro-Chemical Application
• Medical Laser Application

By End-Users

• Transportation
• Construction Industry
• Biomedical Industry
• Consumer Goods Industry
• Others (Military)

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Metal Foams Market– Segment by Region

North America          

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific   

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• American Elements
• Alantum Corp.
• Aluinvent Zrt
• Alveotec
• Armacell International SA
• BASF SE
• CVMR Corp.
• Erg Aerospace Corp.
• Evonik Industries AG
• Freund GmbH
• Granta Design
• R. Reynolds Company
• Liaoning Rontec Advanced Material Technology Co., Ltd
• Mitshubshi Materials Corp.
• Nanoshel LLC
• Recemat BV
• Rogers Corp.
• Sabic Innovative Plastics
• SELEE Corp.

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