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.
Full Research Report on Global Metal Foam Market
Analysis:
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
View more reports of
this category by Grand View Research at: http://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
- U.S
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- Japan
- India
- Middle
East and Africa
- Central
& South America
View press release of this research report by Grand View
Research:
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
