[144 Pages Report] The Metal Foam Market is projected to grow from USD 84 million in 2019 to USD 103 million by 2024, at a CAGR of 4.2% duirng the same period. The market is witnessing significant growth because of the rising demand for metal foam from various end-use industries such as automotive and construction & infrastructure. Metal foam offers various advantages, such as cost-benefit, low weight, and thermal conductivity, resulting in its increasing adoption.

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The automotive end-use industry is expected to witness high CAGR between 2019 and 2024

Metal foam is finding increasing applications in the automotive industry due to the growing demand for high-performance and lightweight metal foam. Metal foam is used in various applications in the automotive industry. This technology helps in creating lightweight components.

The anti-intrusion bars application segment is projected to account for a significant share in the overall metal foam market during the forecast period.

The anti-intrusion bars application dominated the metal foam market due to the high demand for metal foam in the automotive end-use industry. Anti-intrusion bars are mostly used in ground vehicles and passenger cars. They protect passengers from side impacts. Side impacts are particularly dangerous as these impacts are generally very close to the passenger. Anti-intrusion bars play an important role in absorbing the kinetic energy of the colliding vehicles. Metal foam offers high energy absorption property, which makes it an ideal material for usage in anti-intrusion bars.

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APAC is expected to lead the metal foam market during the forecast period.

APAC is the largest and projected to be the fastest-growing metal foam market. The automotive industry is the major consumer of metal foam in the region. The presence of a large number of manufacturers makes the region the most important market for metal foam. The growth is also attributed to the high demand for metal foam in the automotive end-use industry. China, India, and South Korea are the major countries in the metal foam market in APAC.

Key Market Players

Some of the key players in the metal foam market are 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). 

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