The Metal Foam market was valued at 84 million in 2022 and is foreseen to grow at a CAGR of 4.2% in the outlook period of 2023 to 2028 to become 100 million USD in 2028

Metal Foam is a cellular structure consisting of a solid metal (frequently aluminum) with gas-filled pores comprising a large portion of the volume. The pores can be sealed (closed-cell foam) or interconnected (open-cell foam) ; these are the main factors that have considerably increased the demand for the Metal Foam in the market, thereby driving the huge growth of the Metal Foam market in the upcoming years

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Metal Foam in the market is mainly due to the Producing metal foam from aluminum provides various benefits to manufacturers such as reducing their costs of manufacturing, thereby increasing profits. Ample availability of aluminum has grabbed the attention of leading manufacturers. Manufacturing of medical devices is one of the major applications of metal foams. Rise in use of such medical devices acts as a key driving factor of the global market. Additionally, increase in application of metal foams in heat exchangers will further boost the market growth; these are the main factors that have considerably increased the demand for the Metal Foam in the market, there by driving the huge growth of the Metal Foam market in the upcoming years

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Report is segmented as:

Metal Foam Market is segmented on the basis of by

By Material (Aluminium, Nickel, Copper and Tool Steel)
By Application (Automotive, Transport, Aerospace, Building and Infrastructure)
Geographical Segmentation:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America has the dominant share in the Metal Foam is due to the Urbanization and globalization, which lead to the development of aerospace and developing technologies, have driven the growth of automotive companies these are the main factors that have considerably increased the demand for the Metal Foam in the North America, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Metal Foam Market

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Impact of COVID-19 on Market

The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Metal Foam market. Covid-19 pandemic has impacted huge on the sales revenue of Metal Foam market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Metal Foam market growth

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