Metal foams have high porosity, typically containing 5% to 25% volume of the base metal, which makes these materials ultra-light. The metal foam materials are of high strength due to the square-cube law.
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A metal foam is a cellular-like structure consisting of solid metal with gas-filled pores, and comprising a significant portion of the material’s volume. The frequently used solid metal is aluminum.
Metal foams have gained considerable importance in recent years due to their increasing adoption across various end-user industry verticals.
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These features enable metal foams to be employed in different applications. Some places where meal foams are utilized include heat exchangers, anti-intrusion bars, and sound absorbers.
Metal Foam Market: Dynamics and Trends
The metal foam market is estimated to expand due to its increasing applications in various industry verticals due to the superior properties of metal foam over conventional materials. Metal foams offer more strength and lower weight than standard metals.
They are frequently employed in the manufacturing of low-weight automotive parts, as metal foams are lightweight. Furthermore, metal foams exhibit greater thermal conductivity; hence, they are utilized in heat exchangers for uniform heat transfer.
Metal foams also exhibit exceptional ability to absorb energy at almost constant pressures. Moreover, open-cell metal foams have the potential to absorb sound.
All the properties mentioned above of metal foams are superior to ordinary metals, and these features are estimated to drive the market in the near future.
Rising usage of metal foams in the automotive industry is projected to significant opportunities for new entrants into the market in the near future. Increasing demand for lightweight vehicles is anticipated to accelerate the demand for metal foams and provide considerable opportunities for new entrants in the near future.
Metal Foam Market: Segmentation
In terms of type, the metal foam market has been segmented into open cell metal foam and closed cell metal foams. The open cell metal foam segment is estimated to account for a considerable share of the market due to the increasing applications in the automotive industry.
In terms of material, the market can be segmented into aluminum, nickel, copper, titanium, and others. The aluminum segment is projected to hold a major share of the market.
Aluminum is capable of offering various useful properties such as thermal and electrical conductivity, corrosion resistance, and high porosity as compared to other materials.
In terms of end-user industry, the metal foam market can be segmented into automotive, manufacturing, construction, healthcare, and others. The automotive industry segment is anticipated to have the highest market size, during the forecast period.
Rising demand for metal foams to reduce the weight of automobiles is estimated to drive the segment in the near future.
Metal Foam Market: Regional Outlook
Geographically, Asia Pacific is estimated to hold a major share of the metal foam market by the end of forecast period. Rising disposable income of the people in the region and increased interest toward purchasing automobiles is likely to contribute significantly to the expansion of the automotive industry in the region.
This, in turn, is estimated to boost the metal foam market in the near future. Moreover, this demand for metal foam is projected to present significant opportunities, and thereby encourage new entrants from the region into the market.
Metal Foam Market: Key Players
Key players operating in the metal foam market include American Elements, ERG Aerospace Corporation, Shanxi Putai Aluminum Foam Manufacturing Co., Ltd., and Admatis Ltd.
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