Metal foams market is predicted to grow at a CAGR of 3.2% during. A cellular structure designed using a solid metal consisting of a large volume fraction of gas-filled pores is known as metal foam. This metal foam posess numerous properties such as ultra-light material, very high porosity, high compression strengths combined with good energy absorption characteristics, higher strength and low thermal conductivity. All these properties prove metal foams as a superior alternative to conventional materials and promote the adoption in various applications. Rising demand of light weight and low-emission vehicles acts as a major factor in motivating the market. Advanced materials used in manufacturing automotives play a significant role in boosting the fuel economy of modern automobiles as they take less energy to accelerate a lighter object as compared to heavier ones. Additionally, lightweight materials offer significant potential for increasing vehicle efficiency. Using metal foams in automotive applications fulfill most of the requirements and drives its usage.

Moreover, rising urbanization as well as enhancements in construction industry utilizing metal foams has also been motivating the market. Cohesive government policies such as the US government funding on usage of magnesium materials in automotives are driving the market growth. However, several factors such as high costs of these foams affect its usage in emerging economies such as China, India and Korea. Additionally, lack of awareness in emerging economies will also affect the market growth. However, rising applications of metal foams in emerging economies will be driving the market in future. Moreover, technological advancements in these foams will motivate the market in future.

Automotive applications due to cohesive government policies in the region motivate the market. Moreover, APAC region has been predicted as the fastest growing region due to rising end-user industries in the region. Furthermore, enhanced applications of metal foams in construction and automotives in countries such as China, Japan and China are motivating the market in the region. Major players contributing into the growth of the global metal foams market includes American Elements, Alantum Corp., BASF SE, Evonik Industries, K.R. Reynolds Company, SELEE Corp., Stylepark AG and so forth. R&D, partnership, product launch and collaboration are the key winning strategies adopted by market players across the globe.

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Metal Foams Market- Segmentation

By Product Type

Closed Cell Metal Foams
Open Cell Metal Foams
Stochastic Metal Foam

By Material Type

Aluminium Foams
Magnesium Foams
Nickel Foams
Copper Foams
Others

By Application

Anti-Intrusion Bars
Heat Exchangers
Sound Absorbers
Electro-Chemical Application
Medical Laser Application

By End-Users

Transportation
Construction Industry
Biomedical Industry
Consumer Goods Industry
Others (Military)

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Metal Foams Market– Segment by Region

North America          

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific   

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

American Elements
Alantum Corp.
Aluinvent Zrt
Alveotec
Armacell International SA
BASF SE
CVMR Corp.
Erg Aerospace Corp.
Evonik Industries AG
Freund GmbH
Granta Design
R. Reynolds Company
Liaoning Rontec Advanced Material Technology Co., Ltd
Mitshubshi Materials Corp.
Nanoshel LLC
Recemat BV
Rogers Corp.
Sabic Innovative Plastics
SELEE Corp.

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