Metal Foam Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Metal Foam Market Analysis
The metal foam market is expected to grow at a CAGR of over 4% during the forecast period. One of the main factors driving the market is increasing demand of metal foam from automotive sector. However, High production and manufacturing cost of metal foam is expected to hinder the growth of the market studied.
- Growing demand of growing demand of metal foam from light weight electrical vehicles is likely to act as an opportunity for the market studied in the coming years.
- By application, metal foam from automotive sector is expected to dominate the market over the forecast period.
- Asia-Pacific is expected to dominate the market with the largest consumption from countries, such as India and China.
Metal Foam Market Trends
This section covers the major market trends shaping the Metal Foam Market according to our research experts:
Automotive Segment to Dominate the Market
- A foam metal is a cell structure comprising of a strong metal such as aluminum which contains an enormous volume part of gas-filled pores.
- The primary functions of metallic foams in vehicles are to increase sound damping, reduce weight, increase energy absorption in case of crashes, and in military applications to combat the concussive force of IEDs.
- Foam made from non-flammable metal remains non-flammable and can generally be recycled as the base materials as it typically retain some physical properties of their base material.
- Owing to a huge growth in population, rising per capita income as well as economic development in countries, like China, India, and other ASEAN countries, will drive the automotive industry significantly in Asia-Pacific region.
- Hence, owing to the above-mentioned factors, the application of metal foam from automotive sector is likely to dominate during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to dominate the market for metal foam during the forecast period. The increasing demand of metal foam with growing automotive industry in developing countries like India and China is expected to drive the demand for metal foam in this region.
- The largest producers of metal foam are located in Asia-Pacific region. Some of the leading companies in the production of metal foam are ERG Aerospace Corp, Admatis Ltd, Alantum, CYMAT Technologies Ltd and Armacell among others.
- The National Development and Reform Commission (NDRC) announced that the restrictions will be loosened on the auto market, and appropriate subsidies will be provided to boost rural sales of some vehicles, as well as the purchase of new energy vehicles.
- Indian governmet initiatives such as "Housing for all", the government's flagship scheme "PMAY" aims to build 20 million urban homes and 30 million rural houses by 2022, smart cities, etc. are fuelling the growth of the Urban Infrastructure and construction development.
- Owing to the above-mentioned factors, the market for metal foam in the Asia-Pacific region is projected to grow significantly during the study period.
Metal Foam Industry Overview
The global metal foam market is partially fragmented in nature with only few major players dominating the market. Some of the major companies are ERG Aerospace Corp, Admatis Ltd, Alantum, CYMAT Technologies Ltd and Armacell, among others.
Metal Foam Market Leaders
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ERG Aerospace Corp
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Admatis Ltd
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Alantum
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CYMAT Technologies Ltd
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Armacell
*Disclaimer: Major Players sorted in no particular order
Metal Foam Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Demand of Metal Foam from Automotive Sector
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 High Production andd Manufacturing Cost of Metal Foam
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4.2.2 Lack of Awareness about Metal Foams
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4.2.3 Other Restraints
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Open-Cell Foam
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5.1.2 Closed-Cell Foam
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5.1.3 Stochastic Metal Foam
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5.2 Material
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5.2.1 Aluminium
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5.2.2 Copper
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5.2.3 Nickel
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5.2.4 Other Materials
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5.3 Application
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5.3.1 Automotive
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5.3.2 Industrial Machines
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5.3.3 Construction
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5.3.4 Aerospace
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5.3.5 Bio-Medical
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5.3.6 Other Applications
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5.4 Geography
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5.4.1 Asia-Pacific
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5.4.1.1 China
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5.4.1.2 India
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5.4.1.3 Japan
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5.4.1.4 South Korea
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5.4.1.5 Rest of Asia-Pacific
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5.4.2 North America
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5.4.2.1 United States
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5.4.2.2 Canada
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5.4.2.3 Mexico
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 United Kingdom
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5.4.3.3 France
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5.4.3.4 Italy
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5.4.3.5 Rest of Europe
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5.4.4 South America
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5.4.4.1 Brazil
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5.4.4.2 Argentina
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5.4.4.3 Rest of South America
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5.4.5 Middle-East and Africa
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5.4.5.1 Saudi Arabia
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5.4.5.2 South Africa
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5.4.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 Admatis Ltd
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6.4.2 Alantum
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6.4.3 American Elements
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6.4.4 Armacell
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6.4.5 CYMAT Technologies Ltd
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6.4.6 ERG Aerospace Corp
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6.4.7 Hunan Ted New Material Company Ltd.,
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6.4.8 Metecno Spa
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6.4.9 Nanoshel LLC
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6.4.10 Pithore Aluminium
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6.4.11 Shanxi Putai Aluminum Foam Manufacturing Co., Ltd.
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6.4.12 Stylepark AG,
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6.4.13 Ultramet
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand of Metal Foam from Light weight Electrical Vehicles
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7.2 Other Opportunities
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Metal Foam Industry Segmentation
The metal foam market report includes:
| Type | |
| Open-Cell Foam | |
| Closed-Cell Foam | |
| Stochastic Metal Foam |
| Material | |
| Aluminium | |
| Copper | |
| Nickel | |
| Other Materials |
| Application | |
| Automotive | |
| Industrial Machines | |
| Construction | |
| Aerospace | |
| Bio-Medical | |
| Other Applications |
| Geography | |||||||
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Metal Foam Market Research FAQs
What is the current Metal Foam Market size?
The Metal Foam Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Metal Foam Market?
ERG Aerospace Corp, Admatis Ltd, Alantum, CYMAT Technologies Ltd and Armacell are the major companies operating in the Metal Foam Market.
Which is the fastest growing region in Metal Foam Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Metal Foam Market?
In 2024, the Asia Pacific accounts for the largest market share in Metal Foam Market.
What years does this Metal Foam Market cover?
The report covers the Metal Foam Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Metal Foam Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Metal Foam Industry Report
Statistics for the 2024 Metal Foam market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Metal Foam analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
