Metal Foam Market Update, Analysis, Forecast, 2019 – 2025

According to research conducted by Global Market Insights, Inc. Metal Foam Market size is expected to cross USD 100 million by 2025. Developments in the automotive sector would in turn propel the global metal foam market due to its extensive usage in engine hoods, vehicle body sheets, structural parts, trunk lids, etc. The automotive production has increased from about 77 million units in 2010 to 95 million units in 2018. Such rising trend in automotive production would in turn increase the demand in the metal foam market by 2025.

The superior characteristics of product would be a significant growth enabler in metal foam market. These products are very lightweight material with about 75-90% of the volume consisting of void space. Above mentioned features makes it highly suitable for the automotive sector which is trying to decrease the weight of the vehicle structure to gain energy efficiency. Metal foam is highly resistant to thermal shocks and help in reducing noise. Hence, its is used in diverse applications like rocket engines, energy storage devices, biomedical devices, filters, tools armors etc. Such rising applications would boost the growth in the metal foam market.

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Open cell is a one of the product type in the metal foam market which has a cellular structure comprising of metal, mostly aluminum, along with large volume of gas filled pores which is an interconnected network. These are permeable materials with good mechanical properties. This product is manufactured by powder metallurgy. This product is used in various applications like lightweight optics, energy absorption, heat exchangers, flow diffusion, etc.

Titanium segment occupied a significant share in the global metal foam market owing to its wide application in the aerospace industry. Its superior properties like excellent strength, high corrosion resistance, biocompatibility, etc. makes its and ideal fit for high-end applications. These properties can be altered through variations in the production process. Such feasibility in manufacturing process would increase the demand for this segment in the metal foam market.

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Aerospace is a significant end-use division in the global metal foam market. The product substitutes other super alloys to help in production of lightweight structures. They are able to maintain excellent strength at high temperatures. The product used in this application majorly contain about 90% porosity. Such good functional properties and increasing application would increase the annual growth rate of this segment over the study period.

Asia Pacific is a significant region which would propel at an annual rate 6.5% in the coming years. Rising construction projects in countries like India, China, Indonesia, etc. would propel the demand in the metal foam market in the study period due to its extensive usage in structural applications. Rising population, improving per capita income, development of smart cities are some of the factors driving the construction market. Europe is another significant region which attained a market share of more than 25% due to its booming aerospace and automotive industry.

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Some of the major players in the metal foam market are Aluntam Corp, Bauer Cases, Ultramet, Spectra-Mat, Inc., Shanxi Putai Aluminum Foam Manufacturing, Reade International Corp. etc.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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