The global metal foam market revenue is expected to expand at a lucrative CAGR over the forecast period. Increase in demand for automobile with better efficiency and growing building & construction industry are anticipated to propel market growth. However, high prices of metal foams are expected to hamper market growth over the forecast period.
The global metal foam market report has been segmented on the basis of material, application, and region.
On the basis of material, the global metal foam market has been segmented into aluminum, nickel, copper, magnesium, and others (tungsten, tantalum, and zinc). Penetration of nickel foams is expected to grow over the forecast period owing to advantages such as uniform pore structure, conductivity, and high porosity.
On the basis of application, the global metal foam market has been segmented into automotive, construction & infrastructure, industrial, and others (aerospace, defense, and medical). Aerospace application segment is expected to witness steady growth over the forecast period. Aluminum metal foams are used as an alternative to expensive honeycomb panels. In construction & infrastructure application segment the demand for metal foams is estimated to grow owing to their good fire penetration resistance and thermal insulation properties.
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On the basis of region, the global metal foam market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to the fastest growing region in the global metal foam market owing to the presence of large number of automobile manufacturers in the region. Growing demand for passenger vehicles in the region owing to rising population is expected to drive market growth.
Key players operating in the global metal foam market include American Elements, Cymat Technologies Ltd., Canada New Energy Materials Corporation, Mayser GmbH & Co. KG, ERG Aerospace Corp., Aluinvent Zrt., Rogers Corporation, Armacell International S.A., Havel metal foam GmbH, and Intergran Technologies Inc.