San
Francisco, 04 December 2018, The
global metal foam market is expected to reach USD
117.7 million in 2025, growing at a CAGR of 4.1%, according to a new report by
Grand View Research, Inc. Metal foams have seen a vast spectrum of development
in the recent years, with further intensified research being carried out on
this multifunctional material class. Despite the various value-additions
catered by metal foams, there still exists an imbalance between the properties
offered and the substantial utilization. A major factor influencing this is the
high cost of metal foams.
Increasing environmental
concerns and stringent automotive pollution control norms have forced
automotive manufacturers to monitor the pollution. Vehicular curb weight is one
of the most important factors affecting the fuel efficiency. Usage of lightweight
porous metallic materials in a body frame not only results in the reduction in
some parts being used but also in the curb weight, thus drastically increasing
fuel efficiency and reducing vehicular pollution.
The major foundry owners are
working to pave a path out by overcoming issues related to economies of scale,
high capital costs, labor law issues and government regulations related to
procurement of aluminum. Usage of aluminum is likely to be taken over by steel
and composite wood, mainly for the construction applications. Similarly, a wide
range of opportunities pursued by pro-active metal casters who face the
substitution threats, have considered converting weldments to castings.
Typical functional applications
of metal foams include sound absorption, fragmentation capture, impact
absorption, heat sinks and exchangers, the matrix for chemical bed and
scrubbers, filters and mist elimination of water and oils, core structure for
high strength panels, battery plates and spacers, automotive and aeronautical
light-weighting, and catalyst surfaces.
Access Full Research
Report On Metal Foam Market Analysis:
www.grandviewresearch.com/industry-analysis/metal-foam-market
www.grandviewresearch.com/industry-analysis/metal-foam-market
Further key Findings from the Study Suggest:
·
The global metal foam demand
was 1.60 kilo tons in 2016 and is expected to reach 2.24 tons by 2025, growing
at an estimated CAGR of 3.8% from 2017 to 2025
·
Europe metal foam market is
estimated to be valued at USD 19.1 million in 2016 and is expected to be the
fastest growing market over the forecast period
·
In terms of revenue, Aluminium
accounted for 35.6% of the global market and is also expected to witness
fastest growth over the next nine years
·
As of 2016, Germany accounts
for around 35% of the European metal foam demand and is also expected to retain
its dominance over the forecast period as well
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the
global metal foam market on the basis of material, application, end-use and
region:
Material Outlook (Volume, Tons;
Revenue, USD Thousand, 2014 - 2025)
·
Aluminum
·
Nickel
·
Magnesium
·
Copper
Application Outlook (Volume,
Tons; Revenue, USD Thousand, 2014 - 2025)
·
Heat Exchangers
·
Energy Absorbers
·
Side Impact Bars
·
Others
End-use Outlook (Volume, Tons;
Revenue, USD Thousand, 2014 - 2025)
·
Automotive
·
Construction
·
Industrial
·
Aerospace
Regional Outlook (Volume, Tons;
Revenue, USD Thousand, 2014 - 2025)
·
North America
o
U.S
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
Japan
o
India
·
Middle East and Africa
·
Central & South America
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-metal-foam-market
www.grandviewresearch.com/press-release/global-metal-foam-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
