Global Metal Foams Market Research and Forecast, 2022-2028

Global Metal Foams Market Research By Product type (Closed Cell Metal Foams, Open-Cell Metal Foams, Stochastic Metal Foam), By Material Type (Aluminum 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, and Others) Forecast, 2022-2028

The global metal foam market is growing at a considerable CAGR of around 5.4% during the forecast period. The global metal foam market has experienced growth in previous years, due to the vast application expanse of this material in various sectors such as automotive, aerospace, construction, and healthcare. The properties of metal foams offer such as impact resistance, lightweight, sound absorption, and high porosity, have considerably increased the metal foam market size in the given forecast period. The major factors driving the growth of the global metal foam market include the primary functions of metallic foams in vehicles, in military application to combat the impact of IEDs. For instance, the metal foam-filled tubes could be used as anti-intrusion bars. Additionally, metal foam is used in the building, and construction sector due to the increasing urbanization, and population, the construction industry has experienced growth, the properties of metal foam such as high stability and low weight make it suitable for lightweight construction. The rapid technological development and increasing demand for lightweight structural materials in the healthcare industry further derive the market growth. Moreover, the high cost of metal foam as compared with alternatives available will hinder the market growth.

Impact of COVID-19 on the Global Metal Foams Market

The global metal foams market is hardly hit by the outbreak of COVID-19 since December 2019. Key industry application of metal foams includes automobile industry, aerospace industry, railways, construction industry, biomedical industry, consumer goods industry rely on top economies such as China, the US, and Europe. The COVID-19 pandemic in these major economies has disrupted the manufacturing and supply chain of raw materials across the globe. The revenues have gone down in 2020 and may recommence an uptrend progressively from 2021. Companies optimizing their operation and strategy will endure and shattered the competition. Additionally, Copper foam is a very effective, and durable filter for reusable masks and air cleaners Metal foams are durable, and their small pores and large surface areas recommend they could effectively filter out viruses. researchers reporting in ACS’ Nano Letters have transformed copper nanowires into metal foams that could be used in facemasks, and air filtration systems. The foams filter proficiently, purify easily for reuse and are recyclable.

Segmental Outlook

The market is segmented based on product type, material type, application, and end-user industry. Based on product type, the market is segmented into closed-cell metal foams, open-cell metal foams, stochastic metal foams. Based on material type, the market is segmented into aluminum foams, magnesium foams, nickel foams, copper foams, others. by application, the market is segmented into anti-intrusion bars, heat exchangers, sound absorbers, electrochemical applications, medical laser applications. Based on end-users the market is segmented into transportation, construction industry, biomedical industry, consumer goods industry, and others.

Global Metal Foams Market Share by End-User, 2020 (%)

Global Metal Foams Market Share by End-User

The transportation segment is projected to hold a significant share in the global metal foams market

The transportation segment is primarily driven due to the high demand due to the progressively used metal foams in bumpers, and anti-instruction bars in automobiles. the anti-intrusion bars are preferably used in ground vehicles and passenger cars to secure passengers from side impacts. The low weight of the metal forms is also beneficial to decrease the weight of the vehicle, which in turn, affects better fuel consumption. There is a developing interest in aluminum foams in car and transportation businesses attributed to their high strength, low weight, and toughness. The rising demand for metal foam from lightweight electrical vehicles is likely to act as a prospect for market growth in the upcoming future.

Regional Outlooks

The global metal foams market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region held a considerable share in 2020 in the global metal foams market. Some factors that are boosting the market growth in Asia-Pacific include increased demand for metal foam with growing automotive industry in emerging economies such as China, and India is projected to drive the demand for metal foam in the region. The key players of metal foams industries are in the Asia-Pacific. The government initiatives are also contributing to the growth of the market such as the government of India inventiveness flagship scheme “PMAY” targets to build around 20 million urban homes, and around 30 million houses by 2022, Housing for all, Smart cities are fueling the growth of the Infrastructure and construction development and that is the major factor driving the growth of the metal foams market in the region.

Global Metal Foams Market, by region 2022-2028

Global Metal Foams Market, by region

Asia-Pacific will Have Considerable Growth in the Global Metal Foams Market

Asia-Pacific is projected to witness significant growth opportunities for the market. Rising demand for electronic vehicles in the transportation segment and the growing presence of end-user user industries of metal foams in the developing economies of the region are likely to drive the growth of the regional market.

Market Player Outlook

Key players of the global metal foam market are ERG Aerospace Corp, Admatis Ltd, Alantum, CYMAT Technologies Ltd., Armacell to survive in the market, these players adopt different marketing strategies such as product launches. For Instance, In January 2020, Havel metal foam GmbH received the Brandenburg Innovation Award. This expansion supports the firm to expand its existence as well as build acknowledgement in the metal foam market which will benefit to surge revenue in the future. Partnership, joint ventures, and other strategies enhance the firm market share with increased coverage and presence. It also provides the benefit for the organization to improve their contribution to metal foam through an expanded range of sizes.

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Metal Foams market Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where in the market.