Global Metal Foam Market size in terms of value was USD 79.0 Million in 2016, which is anticipated to reach USD 99.8 Million by 2022, at a CAGR of 4.05% from 2017 to 2022. The report focuses on various metallic foams, such as aluminum foam, nickel foam, copper foam, and tungsten foam used in various industries. Metal foams have increasingly gained acceptance in various end-use industries, such as automotive, construction & infrastructure, industrial, and aerospace, among others.
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The automotive industry is the largest consumer of metal foams globally, both in terms of value and volume. Metallic foams are increasingly used in anti-intrusion bars and bumpers in vehicles. These foams are light in weight and provide strength and stiffness. The metal foams' low weight also helps in reducing the weight of vehicles, which, in turn, leads to better fuel consumption.
By material, the aluminum foam segment accounts for the largest share of the metal foam market. Aluminum is the most widely used material in the metal foam market. It offers various useful properties, such as thermal conductivity, electrical conductivity, high porosity, and corrosion resistance.
The metal foam market is expected to witness the highest growth in the Asia-Pacific region during the forecast period. Several key market players, such as Hunan Ted New Material Company Ltd. (China), Alantum Corporation (South Korea), and Shanghai Zhonghui Foam Aluminum Co. Ltd. (China), are present in this region. The growth of the metal foam market in the region can be attributed to the presence of these prominent players.
Some of the key players in the Metal Foam Market include
- ERG Aerospace Corporation (US)
- American Elements (US)
- Admatis Ltd. (Hungary)
- Shanxi Putai Aluminum Foam Manufacturing Co., Ltd. (China).
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