Report on Metal Foam Market Types, Applications, Products, Share, Growth, Outlook and Forecast 2028
Metal Foam Market Trends – Rising Demand for Metal Foam from Automotive Industries
VANCOUVER, BC, CANADA, Feb. 6, 2022 /EINPresswire.com/ — Global Metal Foam Market research report released by Emergen Research details vital aspects of the Metal Foam market globally and regionally . The report offers a comprehensive assessment of recent technological developments, product advancements, current and emerging trends, key statistical data, forecast estimates, and major companies operating in the market.
The foam metal market size reached USD 89.6 million in 2020 and is expected to register a CAGR of 4.3% during the forecast period, growing demand for metal foam in heat exchanger applications and of intrusion bars and due to superior properties than polymer are key factors that are expected to drive the market revenue growth during the forecast period. Furthermore, the use of metal foams in vehicles and the growing demand for cars and electric vehicles are expected to continue driving the market revenue growth in the future. The use of metal foams allows the production of lighter vehicles while maintaining structural stability, reduces energy consumption and increases fuel efficiency.
However, the higher cost of metal foams as compared to its substitutes is a factor that is expected to hamper the market revenue growth to some extent during the forecast period. Gas-filled pores within metal foams reduce weight, but a disadvantage is the difficulty in maintaining pore size and shape during manufacturing, as these materials are produced in smaller quantities using time-consuming and time-consuming methods. laborious, making them expensive than substitutes.
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The research study presents an industry-wide summary of the Metal Foam Market including drivers, restraints, technological advancements, product developments, limitations, growth strategies, prospects growth, etc. The Global Metal Foam research report is an investigative study of the market that offers key statistical data regarding market size, market share, revenue growth, and CAGR over the forecast period 2021-2028.
The aluminum segment is expected to lead in terms of revenue contribution to the global market during the forecast period owing to the growing demand for aluminum foams from the automotive industry. Aluminum metal foams are used by automobile manufacturers to produce lighter vehicles.
Revenue from the intrusion bars segment is expected to grow rapidly in terms of revenue over the forecast period. These are mainly used in utility and transportation vehicles as they play an important role in absorbing a large amount of kinetic energy generated due to vehicle collisions and impacts. Foam metal has a high energy absorption capacity, which makes it an excellent material for anti-intrusion bars.
Asia-Pacific is expected to account for the largest share of the global metal foam market revenue over the forecast period owing to strong presence of major market players including Aluntum Corp., Shanxi Putai Aluminum Foam Manufacturing Co .Ltd. and Liaoning Rontec Advanced Material Technology Co., Ltd., among others in countries in the region.
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate agreements, among others. The report further offers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Key Players Featured in the Report:
ERG Aerospace Corp, Cymat Technologies Ltd., Mott Corporation, Liaoning Rontec Advanced Material Technology Co. Ltd., Havel Metal Foam GmbH, Mayser GmbH & Co. KG, Pohltec Metalfoam GmbH, Ultramet, Inc., Aluntum Corp. and Shanxi Putai Aluminum Foam Manufacture Co. Ltd.
The report analyzes the market based on different categories such as product types, end-user applications and major geographical regions. It offers key insights into the factors that are expected to influence the growth of the segments and sub-segments.
Emergen Research has segmented the metal foam market based on material, product, application, end-use, and region:
Material Outlook (Revenue, USD Million, Volume, Tons; 2018-2028)
Product Outlook (Revenue, USD Million, Volume, Tons; 2018-2028)
Application Outlook (Revenue, USD Million, Volume, Tons; 2018-2028)
End-Use Outlook (Revenue, USD Million, Volume, Tons; 2018-2028)
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Major regions include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report studies the market in these regions on the basis of demand and trends, consumer behavior and preferences, government initiatives and regulatory framework, economic growth, technological developments, supply and price. demand, production and consumption patterns, imports/exports and the presence of players in each region.
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