The all-encompassing report on the Metal Foam market projects the prospective growth of the industry. It gives and extensive analysis of the market size, share, demand, trends, gross revenue, total earnings to draw a forecast of the growth in the years 2021 to 2028. The study estimates the potential growth of the industry and the factors responsible for the expansion of the business. The study highlights the driving forces, restrains and hurdles for the growth of the market.
metal foam market size reached USD 93.3 Million in 2021 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for metal foams in heat exchangers and anti-intrusion bars due to superior quality compared to polymer foams is driving market revenue growth. Metal foams are increasingly being used in vehicles, and rising demand for cars and Electric Vehicles (EVs) is expected to drive market revenue growth during the forecast period. Metal foams enable manufacturing of more lightweight vehicles. Besides, various characteristics such as shock-absorption ability, thermal management, and electrical efficiency are expected to drive demand for metal foams during the forecast period.
However, concerns regarding high cost of metal foams are hampering market revenue growth. Gas-filled pores in metal foams reduce weight, but during manufacturing process, maintaining form and size of pores is a difficult task. This is expected to hamper market growth to some extent during the forecast period.
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It sheds light on the major companies that contribute significantly to the global sector. The report studies the presence of these companies in major geographical regions and their individual placement in the worldwide business. It helps in projecting the growth of Metal Foam through the years and in predicting its expansion in the forecasted time span. The increase in the demand for the product is boosting the overall production to ensure a smooth functioning demand-supply chain.
Top Companies Operating in the Metal Foam Market and Profiled in the Report are: 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.
Key Highlights From the Report
Aluminum segment accounted for significantly robust revenue share in 2021 due to increasing demand from automotive and transportation industries. Additionally, recyclability and lightweight features are driving adoption of aluminum foam.
Anti-intrusion bars segment revenue is expected to register a steady growth rate during the forecast period. Anti-intrusion bars are widely used in automotive industries due to ability to absorb kinetic energy of colliding bodies. Metal foams have capability to absorb energy and are lightweight, and these factors are expected to increase application in anti-intrusion bars.
Open cell segment revenue is expected to register a steady growth rate during the forecast period. Various characteristics such as heat and fluid absorption, increased mechanical strength, sound absorption, and variability make open-cell metal foams ideal for applications across various industries.
Market in Asia Pacific is expected to register a steady growth rate during the forecast period owing to presence of a number of major players such as Alantum and Liaoning Rontec Advanced Material Technology Co., among others in the region. In addition, increased adoption of metal foams in automotive industries in Asia Pacific countries, especially in China, is driving growth of the market.
The study aims to provide a forecast of the growth of the Metal Foam market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis. The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
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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)
Application Outlook (Revenue, USD Million; 2019–2030)
End-use Outlook (Revenue, USD Million; 2019–2030)
The report on the Metal Foam market employs both primary and secondary research to examine its import and export, demand and supply, consumption power, spending capacity and distribution channel worldwide. The report evaluates the market standing of key manufacturers and sheds light on the strategies they have adopted to stay competitive. The study also applies qualitative and quantitative methods to assess the annual and financial performance of the top vendors and insights from market leaders. Extensive coverage of the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Metal Foam market for the forecast period from 2021 to 2028.
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The research provides answers to the following key questions:
What will be the growth rate of the Metal Foam market for the forecast period, 2021 to 2028? What will be the market size and the share occupied by the prominent vendors by the estimated period?
What are challenges and threats faced by the prominent vendors operating in the Metal Foam market?
Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
What are the past, present and emerging trends likely to influence the growth rate of the Metal Foam market for the forecast period, 2021 to 2028?
What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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