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Metal Foam Market worth $103 million by 2024


(, September 06, 2021 ) The report "Metal Foam Market by Material (Aluminum, Copper, Nickel), Application (Anti-Intrusion Bars, Heat Exchangers, Sound Insulation), End-Use Industry (Automotive, Construction & Infrastructure, Industrial), and Region - Global Forecast to 2024" The metal foam market size is projected to grow from USD 84 million in 2019 to USD 103 million by 2024, at a CAGR of 4.2% during the forecast period. The market is witnessing significant growth because of the growing demand for metal foam from various end-use industries such as automotive and construction & infrastructure. Metal foam has multiple features, such as cost-benefit, low weight, and thermal conductivity, resulting in its increasing adoption.

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Automotive was the largest end-use industry in 2018

Metal foam is primarily used in electric automotive. The cost-effectiveness and lightweight characteristics of this technology have contributed to its intensive usage for developing automotive. Metal foam offers superior thermal conductivity and hence has high demand in the automotive industry.

The anti-intrusion bars application is the fastest-growing segment in the overall market.

Metal foam is used in four applications, namely, anti-intrusion bars, heat exchangers, sound insulation, and others, including railway buffer and medical implants. The anti-intrusion bars segment is expected to register the highest CAGR during the forecast period as it is widely used in the automotive end-use industry.

Aluminum material is the fastest-growing segment in the overall market.

Metal foam is available in four materials, namely, aluminum, nickel, copper, and others (such as tantalum and tungsten). Aluminum is expected to register the highest CAGR during the forecast period. It offers various useful properties such as thermal conductivity, electrical conductivity, high porosity, and corrosion resistance. Aluminum foam can absorb energy better than steel, as it possesses air bubbles created during the manufacturing process.

Don't miss out on business opportunities in Metal Foam Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

Browse in-depth TOC on "Metal Foam Market”
128 - Market Data Tables
37 - Figures
144 - Pages

APAC is expected to be the largest market for metal foam during the forecast period.

APAC is one of the leading markets for metal foam. The growing demand from end-use industries such as automotive and construction & infrastructure is driving the metal foam market in the region. The region has a presence of major metal foam companies, who focus on the adoption of various business strategies to increase the production of metal foam and meet the growing demand from end-users.

Some of the prominent players in the metal foam market are ERG Aerospace Corporation (US), CYMAT Technologies Ltd. (Canada), Alantum (South Korea), Mott Corporation (US), Liaoning Rontec Advanced Material Technology Co., Ltd. (China), Shanxi Putai Aluminum Foam Manufacturing Co., Ltd. (China), Mayser GmbH & Co. KG (Germany), Ultramet (US), Aluminum King Co., Ltd (China), and Pohltec Metalfoam GmbH (Germany). These companies have adopted expansions and joint ventures as a part of their strategic development.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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