Metal Foam Market Size Will Achieve USD 136.3 Million by 2030 growing at 4.3% CAGR – Exclusive Report by Emergen Research
According to the most recent analysis by Emergen Research, the worldwide metal foam market reached USD 93.3 Million in 2021 and is anticipated to grow at a revenue CAGR of 4.3% during the projected period.
In essence, metal foam is a solid, gas-filled material created to improve the performance characteristics of metals. Depending on the application and manufacturing method, metal foam can have an open or closed cell structure and a considerable amount of its volume is made up of gas or vacancies. Metal foam is thin and lightweight while retaining the characteristics of raw metal. There are many uses for these foams, but the most of them are still in the experimental stage, and there aren’t many of them that are used commercially.
Weight reduction, sound absorption, anti-intrusion bars, and other uses for metal foam are found throughout the vehicle. In general, it is a material of choice in automotive applications because to its recyclable nature, fire resistance, energy absorption, etc. Metal foam is more durable and energy-absorbent than its polymer counterparts. In automobile exhaust systems, as well
Some Key Highlights from the Report :
The automotive end-use industry is expected to witness high CAGR between 2021 and 2027
Because of the rising demand for high-performance and lightweight metal foam, the automobile industry is using metal foam more and more frequently. In many different automotive applications, metal foam is used. The development of lightweight components is aided by this technique.
The anti-intrusion bars application segment is projected to account for a significant share in the overall metal foam market during the forecast period.
Due to the substantial demand for metal foam in the automotive end-use industry, anti-intrusion bars dominated the metal foam market. Ground vehicles and passenger cars are the main applications for anti-intrusion bars. They shield occupants against side strikes. Due to the fact that side accidents frequently occur extremely close to the passenger, they are very deadly. As the cars collide, anti-intrusion bars are crucial in absorbing their kinetic energy. Metal foam has a high level of energy absorption, making it the perfect material for use in anti-intrusion bars.
Due to the presence of several prominent companies like Alantum and Liaoning Rontec Advanced Material Technology Co. in the region, the market in Asia Pacific is predicted to rise steadily over the course of the projected period. The market is expanding as a result of the rising use of metal foams in the automotive industries of Asia Pacific nations, particularly China.
Some major companies in the global market report include ERG Aerospace, CYMAT Technologies Ltd., Mott, Ultramet, Alantum, Havel Metal Foam GmbH, Mayser GmbH & Co KG, Pohltec Metalfoam GmbH, Liaoning Rontec Advanced Material Technology Co., and American Elements.
Emergen Research has segmented the global metal foam market on the basis of material, product, application, end-use, and region:
Material Outlook (Revenue, USD Million; 2019–2030)
Product Environment Outlook (Revenue, USD Million; 2019–2030)
- Open Cell
- Closed Cell
Application Outlook (Revenue, USD Million; 2019–2030)
- Heat Exchangers
- Anti-intrusion Bars
- Energy Absorbers
End-use Outlook (Revenue, USD Million; 2019–2030)
Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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