The global metal foam market is poised for consistent growth, driven by the advanced properties exhibited by these materials. Metal foams offer attributes like efficient thermal management, shock absorption capabilities, and electrical conductivity, positioning them as valuable components across various industries. Notably, aluminum metal foams are gaining prominence in lightweight vehicle production, owing to their lightweight nature, enhanced strength, and remarkable durability. With these factors in play, the market is projected to maintain steady expansion throughout the forecast period.
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Data Bridge Market Research analyses that the Global Metal Foam Market was valued at USD 91.20 billion in 2021 and is expected to reach USD 126.75 billion by 2029, registering a CAGR of 4.20% during the forecast period of 2022-2029. Technological advancements in material science and manufacturing techniques continually enhance metal foam quality and applications, spurring market growth by expanding possibilities and industries' utilization of their advantageous properties.
Key Findings of the Study
Metal foams demonstrate remarkable potential in aerospace applications and are expected to drive the market's growth rate
Metal foams demonstrate remarkable potential in aerospace applications, offering lightweight strength and energy absorption capabilities vital for structural components and impact resistance. With the aerospace sector undergoing rapid expansion driven by technological advancements and increased air travel demand, the adoption of metal foams as advanced materials in aircraft construction and safety measures escalates. This symbiotic relationship between metal foams and aerospace fuels the growth of the global metal foam market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Closed Cell Metal Foam, Open Cell Metal Foam, Stochastic Metal Foam), Material (Aluminum, Copper, Zinc, Titanium, Fecral, NiCr, Others), Production Technology (Blowing Agents, Gas Injection, Solid-Gas Eutectic Solidification, Powder Compact, Ingots Containing Blowing Agent, Space Holder, Others), Metal Form (Melt, Powder), Application (Energy Absorption, Energy Management, Thermal Management, Exhaust System, Low-Pressure Exhaust Gas Recirculation For Gasoline Engines (LP EGR), Compact Exhaust Heat Recovery System (EHRS), Others), End-User (Automotive, Aerospace, Marine, Energy, Consumer Goods, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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ERG Aerospace Corporation (U.S.), CYMAT Technologies Ltd. (Canada), Alantum (South Korea), Mott Corporation (U.S.), Liaoning Rontec Advanced Material Technology Co., Ltd. (China), BASF SE (Germany), Covestro AG (Germany), Lapolla Industries, Inc. (U.S.), Huntsman International LLC ((U.S.), Dow (U.S.), DuPont (U.S.), Safco Foam Insulation (U.S.), Cajun Foam Insulation (U.S.), Saint-Gobain (France), Shanxi Putai Aluminum Foam Manufacturing Co., Ltd. (China), Mayser GmbH & Co. KG (Germany), Ultramet (U.S.) and Pohltec Metalfoam GmbH (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The metal foam market is segmented on the basis of type, material, production technology, metal form, application, and end-user.
- On the basis of type, the metal foam market is segmented into closed cell metal foam, open cell metal foam, and stochastic metal foam.
- On the basis of material, the metal foam market is segmented into aluminum, copper, zinc, titanium, FECRAL, NICR, and others.
- On the basis of production technology, the metal foam market is segmented into blowing agents, gas injection, solid-gas eutectic solidification, powder compact, ingots containing blowing agent, space holder, and others.
- On the basis of metal form, the metal foam market is segmented into melt, powder.
- On the basis of application, the metal foam market is segmented into energy absorption, energy management, thermal management, exhaust system, low-pressure exhaust gas recirculation for gasoline engines (LP EGR), compact exhaust heat recovery system (EHRS), and others.
- On the basis of end-user, the metal foam market is segmented into automotive, aerospace, marine, energy, consumer goods, others.
Major Players
Data Bridge Market Research recognizes the following companies as the major global metal foam market players in global metal foam market are ERG Aerospace Corporation (U.S.), CYMAT Technologies Ltd. (Canada), Alantum (South Korea), Mott Corporation (U.S.), Liaoning Rontec Advanced Material Technology Co., Ltd. (China), BASF SE (Germany), Covestro AG (Germany), Lapolla Industries, Inc. (U.S.),
Market Developments
- In March 2021, Mott, a leading provider of filtration and flow control systems across various industries, including industrial, semiconductor, and medical, announced a strategic collaboration with Banner Industries. This partnership aims to offer high-performance, adaptable fluid control devices catering to critical filtration and flow applications. Mott's expertise also extends to gas purifiers, gas diffusers, and flow restrictors, enhancing their comprehensive solutions portfolio.
- In January 2021, Havel Metal Foam GmbH was recognized with the Brandenburg Innovation Award, a significant accolade that bolsters the company's market presence and industry recognition in the metal foam sector. This recognition aligns with Havel's efforts to expand its market share and raise awareness, setting the stage for future revenue growth and continued innovation.
- In July 2021 Canadian firm Cymat Technologies Ltd. announced a collaboration with American company ADI Technologies Incorporated to enhance access to the U.S. defense sector. The partnership involves ADI's distribution of Cymat's Stabilized Aluminum Foam (SAF) products to the U.S. Military. This strategic alliance is set to bolster Cymat's military endeavors, enhancing its engagement in crucial vehicle projects and strengthening its position in the defense industry.
- In November 2019, ERG Aerospace embarked on establishing an R&D facility at the Tahoe-Reno Industrial Center in Nevada. The move aligns with the company's growth strategy. Notably, in February 2017, the company expanded its manufacturing facilities. ERG Aerospace's aluminum metal foam enjoys popularity in the aerospace sector, driven by its exceptional attributes and performance in demanding applications.
Regional Analysis
Geographically, the countries covered in the global metal foam market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
As per Data Bridge Market Research analysis:
North America is the dominant region in the global metal foam market during the forecast period 2022 - 2029
North America asserts its market dominance in terms of market share and revenue, a trend set to persist through 2022-2029. The U.S. significantly contributes to this dominance, driven by substantial aluminum-based metal foam production and consumption. This growth trajectory is underpinned by expanding businesses and a burgeoning utilization of metal foam in the automotive sector, reinforcing North America's stronghold in the market.
Asia-Pacific is estimated to be the fastest-growing region in the global metal foam market for the forecast period 2022 - 2029
Asia-Pacific emerged as a promising growth hub for the metal foam market from 2022 to 2029. The region's allure stems from a surging demand for energy absorption solutions. China, a powerhouse in the Asia-Pacific arena, leads this trend due to robust applications in the aerospace industry. With energy absorption's strategic importance, Asia-Pacific's potential for market expansion shines brightly on the horizon.
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