Metal Foam Market (Product Type - Closed Cell Metal Foams, Open Cell Metal Foams, and Stochastic Metal Foams; Production Methodology - Gas Injection, Blowing Agents, Solid-gas Eutectic, Powder Compact, and Ingots Containing Blowing Agent; Application - Sound Absorption, Medical Laser Application, Heat Exchanger, Electro-chemical Application, and Others; Industry Vertical - Automotive, Aerospace, Building & Construction, Healthcare and Energy, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

A recent report published by Infinium Global Research on metal foam market provides an in-depth analysis of segments and sub-segments in the global as well as regional metal foam market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional metal foam market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global metal foam market. According to the report, the global metal foam market is projected to grow at a CAGR of 4.1% over the forecast period of 2020-2026.

Market Insight

Metal foams are lightweight cellular materials comprising of a solid metal. Metals foams are majorly used for designing the wings, blades, heat exchangers, battery plates. They find a wide range of application areas owing to its properties such as high porosity, low thermal conductivity, high strength to weight ratio, and high stiffness which in turn increase the demand from major end user industries. Additionally, the current outbreak of coronavirus is creating a major decline in demand for metal foams in the global market. The rising concern over the spread of coronavirus and the containment measures introduced by the government have severely affected the overall manufacturing sector. The major decline is likely to remain impacted in the short term due to sudden supply chain disruption, shortage of workforce, and material shortage in the industry. This virus has brought many uncertainties in many industries which in turn affecting the functionality to a large extend due to which a sudden revenue drop has been witnessed. Further, the adoption of advanced technology and the increasing use of metal foam in the healthcare industry owing to its properties will increase the demand in the forecast period.

Rapid urbanization, rising disposable income of consumers, and rising demand for lightweight materials and auto components are the key factors that will drive the metal foam market. Further, owing to benefits offered by metal foam such as thermal insulation and fire-resistant properties and its lightweight, cost effective, high porosity, heat & fire resistance characteristics, it is majorly employed in household & furniture, automotive, aerospace, ships, and other industries. Further, increasing purchasing power along with changing standard of living will accelerate the demand for metal foams. Additionally, construction and infrastructure development in some emerging countries will also drive the demand for the product. The factors above mentioned will positively impact the demand for metal foam market growth. However, the cost of metal foam is high in comparison with alternatives available that will hamper the growth in the market. Furthermore, Rapid technological advancement, rising Demand for Lightweight Structural Materials from aerospace and healthcare industry is anticipated to propel the demand of metal foam market in the near future. 

Geographically, Asia Pacific held the largest share in the metal foam market in 2019. China and India are the key revenue generator in Asia Pacific metal foam market. Factors such as Low-cost labor, easy availability of raw material, and rapid growth in the manufacturing industry increase demand for metal foam market in this region. Further, North America will witness rapid growth in the forecast period owing to the increasing purchasing power of the consumer and rapid infrastructure development. Moreover, the growing healthcare sector in this region is expected to escalate the demand for metal foam over the forecast period.

Segment Covered

The report on the global metal foam market covers segments such as product type, production methodology, application, and industry vertical. On the basis of product type, the sub-markets include closed cell metal foams, open cell metal foams, and stochastic metal foams. On the basis of production methodology, the sub-markets include gas injection, blowing agents, solid-gas eutectic, powder compact, and ingots containing blowing agent. On the basis of application, the sub-markets include sound absorption, medical laser application, heat exchanger, electro-chemical application, and others. On the basis of industry vertical, the sub-markets include automotive, aerospace, building & construction, healthcare and energy, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Alantum Corporation, ERG Aerospace, FOAMTECH GLOBAL, Hunan Ted New Material, Ultramet, Cymat Technologies Ltd, METECNO S.p.A, NANOSHEL LLC, Liaoning Rontec Advanced Material Technology Co., Ltd., and Mayser GmbH & Co. KG.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the metal foam market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.