Global Metal Foam Market By Material (Aluminum, Copper, Nickel, Others), Applications (Anti-Intrusion Bars, Sound Absorbers, Heat Exchangers, Others), End Users (Automotive, Industrial, Construction & Infrastructure, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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The Global Metal Foam Market accounted to USD 79.10 Million in 2016 and is projected to grow at a CAGR of 4.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Metallic foams come in different forms such as nickel foam, copper foam, aluminum foam, and tungsten foam which are used in various applications. They are characterized by properties such as high porosity & energy absorption, high quality and resistance among others.
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These properties empower metal foam to be utilized as a part of different applications such as heat exchangers, anti-intrusion bars and sound absorbers.
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Major Market Drivers and Restraints: Global Metal Foam Market
- Growing demand for high quality foams
- Growing end use industries
Market Restraint: Global Metal Foam Market
- Difficulties in welding, bonding and soldering of metal foam
Market Segmentation: Global Metal Foam Market
On the basis of material, the global metal foam market is segmented into aluminum, copper, nickel and others. Other types of material consist of tungsten and tantalum.
Aluminum foam accounts the largest market share due to its different properties such as thermal and electrical conductivity, high porosity, corrosion resistance and many others.
On the basis of applications, the global metal foam market is segmented into anti-intrusion bars, sound absorbers, heat exchangers and others. Other applications include comprises of railway buffers and medical implants.
On the basis of end users, the global metal foam market is segmented into automotive, industrial, construction & infrastructure and others. Other types of end users segment do consists of aerospace, defense and medical.
The automotive industrial is the largest consumer of metal foam.
On the basis of geography, global metal foam market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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The global metal foam market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships and others to strengthen their position in this market.
Major Market Competitors: Global Metal Foam Market
Some of the major players operating in global metal foam market are ERG Aerospace Corp., Admatis Ltd., Shanxi Putai Aluminum Foam Manufacturing Co., Ltd., Hunan Ted New Material Company Ltd., Alantum Corporation, Pithore Aluminium, Cymat Technologies Ltd., American Elements and Shanghai Zhonghui Foam Aluminum Co. Ltd. and among others.
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