DUBLIN, Nov. 29, 2019 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
- This study covers the metal foam market. It aims at estimating the market size and the growth potential of this market across different segments, such as material, application, end-use industry, and region.
- Porter's Five Forces analysis and the key market dynamics, such as drivers, restraints, challenges, and opportunities, influencing the growth of the metal foam market, have been discussed in the report.
- The report also provides company profiles and competitive benchmarking of major players operating in the market.
The metal foam market is projected to register a CAGR of 4.2%, in terms of value, between 2019 and 2024.
The metal foam market size is estimated to be USD 84 million in 2019 and is projected to reach USD 103 million by 2024, at a CAGR of 4.2% during the same period. Metal foam is used in different industries, such as automotive, construction & infrastructure, industrial, and others. Metal foam is advantageous in the automotive and construction & infrastructure industries in terms of cost-effectiveness and low weight. The superior features offered by metal foam are enabling its usage in various end-use industries.
Anti-intrusion bars application accounted for the largest share, in terms of value and volume, of the overall metal foam market.
Anti-intrusion bars dominated the overall metal foam market in 2018. Metal foam possesses characteristics such as cost-effectiveness, reduced weight, good thermal behavior, durability, resistance to fire, and reduced maintenance expenditure. Anti-intrusion bars are used in the automotive industry and possess the capability to keep passengers safe at the time of collision.
Aluminum material accounted for the largest share, in terms of value and volume, of the metal foam market.
Aluminum material dominated the overall metal foam market in 2018. The use of aluminum material in metal foam offers various advantages such as sound absorption, fragmentation capture, impact absorption, heat sinks and exchangers, catalyst surface, battery plates, and spacers. Aluminum foam can absorb energy better than steel as it possesses air bubbles created during the manufacturing process. All these factors make aluminum metal foam to be the most widely used material in the metal foam market.
The metal foam market in the automotive end-use industry is expected to register the highest CAGR between 2019 and 2024.
The market in the automotive end-use industry is expected to witness the fastest CAGR during the forecast period. As the automotive market is moving toward electric cars, the need for lightweight and strong materials in the automotive industry is on the rise. Considering the safety point for lightweight automotive vehicles, the demand for effective crash-resistant products is on the rise. These factors are driving the metal foam market in the automotive industry around the globe.
The metal foam market in APAC is projected to register the highest CAGR, in terms of value and volume, between 2019 and 2024.
The APAC dominated the global metal foam market. The region has the presence of many manufacturers of metal foam and its products. China accounted for a significant share of the market in APAC and is expected to register substantial growth during the forecast period. The growth of the metal foam market in this region is driven mainly by the growing building and infrastructure end-use industries.
The metal foam market comprises major solution providers such as 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). The study includes an in-depth competitive analysis of these key players in the metal foam market, with their company profiles, recent developments, and key market strategies.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Metal Foam Market
4.2 Metal Foam Market, By Material and Region
4.3 Metal Foam Market, By End-Use Industry
4.4 Metal Foam Market, By Application
4.5 Metal Foam Market, By Country
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Superior Properties Offered By Metal Foams Over Polymer Foams
18.104.22.168 Increasing Usage of Metal Foams in Applications Such as Heat Exchangers and Anti-Intrusion Bars
22.214.171.124 Difficulty in Bonding, Welding, and Soldering of Metal Foams
126.96.36.199 Cost of Metal Foam is Very High as Compared to Substitutes Such as Polymer Foam
188.8.131.52 Increasing Usage of Metal Foams in the Automotive Industry
184.108.40.206 Increasing Demand for Lightweight Structural Materials in the Construction Industry
220.127.116.11 Use of Metal Foams at Nascent Stage
18.104.22.168 Developing Cost-Efficient Manufacturing Methods
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Macroeconomic Overview and Key Trends
5.4.2 Trends and Forecast of GDP
5.4.3 Trends in Automotive Industry
5.4.4 Trends of the Construction Industry
22.214.171.124 Contribution of the Construction Industry to the GDP, By Country
6 Metal Foam Market, By Material
6.2.1 Aluminum to Hold the Largest Market Share Through 2024
6.3.1 Nickel has High Porosity Therefore Preferred Widely for Metal Foams
6.4.1 Superior Properties of Copper Contribute to Its Higher Share
7 Metal Foam Market, By Application
7.2 Anti-Intrusion Bars
7.2.1 Anti-Intrusion Bars Application to Lead the Demand for Metal Foams
7.3 Heat Exchangers
7.3.1 The Demand for Heat Exchangers is Increasing Due to the Higher Porosity Quality
7.4 Sound Insulation
7.4.1 Demand From Sound Insulation has Increased With the Increasing Noise Pollution
7.5.1 Railway Buffers
7.5.2 Medical Implants
8 Metal Foam Market, By End-Use Industry
8.2.1 Increasing Demand for Metal Foams in High-End Vehicle Will Influence the Market Growth
8.3 Construction & Infrastructure
8.3.1 Growing Construction Activities in APAC are Likely to Drive the Market
8.4.1 Low Weight Makes Metal Foams Suitable for Industrial Machines
8.5 Other End-Use Industries
9 Metal Foam Market, By Region
9.2.1 By Country
9.2.2 By Material
9.2.3 By Application
9.2.4 By End-Use Industry
126.96.36.199 China to Be the Fastest-Growing Metal Foam Market in APAC
188.8.131.52.1 By End-Use Industry
9.2.6 South Korea
184.108.40.206 Increasing Demand From the Construction Industry to Drive the Metal Foam Market in South Korea
220.127.116.11.1 By End-Use Industry
18.104.22.168 Growing End-Use Industries to Support the Metal Foam Market in India
22.214.171.124.1 By End-Use Industry
9.2.8 Rest of APAC
126.96.36.199 Automotive to Remain the Largest Segment of the Metal Foam Market in Rest of APAC
188.8.131.52.1 By End-Use Industry
9.3 North America
9.3.1 By Country
9.3.2 By Material
9.3.3 By Application
9.3.4 By End-Use Industry
184.108.40.206 The US is the Largest Country-Level Market for Metal Foams
220.127.116.11.1 By End-Use Industry
18.104.22.168 Automotive is the Most Significant Segment in the Metal Foam Market
22.214.171.124.1 By End-Use Industry
9.4.1 By Country
9.4.2 By Material
9.4.3 By Application
9.4.4 By End-Use Industry
126.96.36.199 Germany to Dominate the Metal Foam Market in Europe
188.8.131.52.1 By End-Use Industry
184.108.40.206 France to Be the Second-Largest Market for Metal Foam in Europe
220.127.116.11.1 By End-Use Industry
18.104.22.168 Increasing Demand for Metal Foam From the Automotive End-Use Industry to Support the Growth of the Metal Foam Market in Austria
22.214.171.124.1 By End-Use Industry
126.96.36.199 Demand for Metal Foam is Expected to Increase at A Faster Pace in the Netherlands, in Terms of Value
188.8.131.52.1 By End-Use Industry
9.4.9 Rest of Europe
184.108.40.206 Automotive to Remain the Largest Segment of the Metal Foam Market in Rest of Europe
220.127.116.11.1 By End-Use Industry
9.5.1 By Country
9.5.2 By Material
9.5.3 By Application
9.5.4 By End-Use Industry
18.104.22.168 The UAE to Have the Largest Share in the MEA Metal Foam Market, in Terms of Value
22.214.171.124.1 By End-Use Industry
9.5.6 Saudi Arabia
126.96.36.199 Saudi Arabia to Grow at the Highest Cagr During the Forecast Period
188.8.131.52 Qatar to Be Rapidly Growing Economies in MEA
184.108.40.206.1 By End-Use Industry
9.5.8 Rest of MEA
220.127.116.11 Automotive Industry to Be the Fastest-Growing Segment of the Metal Foam Market in Rest of MEA
18.104.22.168.1 By End-Use Industry
9.6 Latin America
9.6.1 By Country
9.6.2 By Material
9.6.3 By Application
9.6.4 By End-Use Industry
22.214.171.124 Brazil to Be the Largest Market for Metal Foams in Latin America
126.96.36.199.1 By End-Use Industry
188.8.131.52 Rapidly Growing End-Use Industries to Drive the Metal Foam Market
184.108.40.206.1 By End-Use Industry
9.6.7 Rest of Latin America
220.127.116.11 Automotive to Remain the Largest Industry Segment of the Metal Foam Market in Rest of Latin America
18.104.22.168.1 By End-Use Industry
10 Competitive Landscape
10.2 Competitive Leadership Mapping
10.2.1 Visionary Leaders
10.2.2 Dynamic Differentiators
10.2.3 Emerging Companies
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Market Ranking
10.6 Competitive Scenario
10.6.2 Joint Venture
11 Company Profile
11.1 ERG Aerospace Corporation
11.2 Cymat Technologies Ltd.
11.4 Mott Corporation
11.5 Liaoning Rontec Advanced Material Technology Material Co. Ltd.
11.6 Shanxi Putai Aluminum Foam Manufacturing Co. Ltd.
11.7 Mayser GmbH & Co. KG
11.9 Aluminum King Co. Ltd.
11.10 Pohltec Metalfoam GmbH
11.11 Other Players
11.11.1 Wuhan Jingchu Chenshi Pharmaceutical Chemical Co. Ltd.
11.11.2 Hollomet GmbH
11.11.3 Spectra-Mat, Inc.
11.11.5 American Elements
11.11.6 Versarien Technologies Limited
11.11.8 Havel Metal Foam
11.11.10 Foamtech North America
For more information about this report visit https://www.researchandmarkets.com/r/uq3xzh
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