Aluminum Foam Market worth $55 million by 2027 | Key players Mayser GmbH & Co. KG (Germany), Aluminum King Co., Ltd (China), CYMAT Technologies Ltd. (Canada).

According to recent market research the "Aluminum Foam Market by Type (Open-Cell, Closed-Cell), Application (Anti-Intrusion Bars, Heat Exchangers, Sound Absorbers, Filters), End-Use Industry (Automotive, Construction & Infrastructure, Industrial), and Region - Global Forecast to 2027", size is expected to grow from USD 43 million in 2022 to USD 55 million by 2027, at a CAGR of 4.8% during the forecast period. A significant growth is observed in the market because of the growth in the demand for aluminum foam from various end-use industries such as automotive and construction & infrastructure. Aluminum foam has multiple advantages, such as cost-benefit, low weight, and thermal conductivity, resulting in its preference for sound insulation and crash guards.

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Construction companies can modify their equipment capacity in accordance with the needs of individual projects due to rental services. Large-scale financial investments are frequently made in a variety of sectors during construction projects. By choosing compressor rentals, construction companies can save their capital for essential tasks like buying supplies, recruiting qualified labor, and paying other project costs. For small or medium-sized construction enterprises, this financial flexibility is very beneficial, thus propelling the growth of compressor rentals in the construction industry.

In comparison to other types of compressors, rotary screw compressors are known for their energy efficiency. They can produce more compressed air with the same amount of energy, which saves money and has a smaller negative effect on the environment. The need for energy-efficient rotary screw compressors in rental applications is still rising as companies place more emphasis on sustainability and energy efficiency. This further provides growth opportunities of the rotary screw segment in the compressor rental market.

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With accelerated urbanization, rising populations, and greater funding for residential, commercial, and industrial construction projects, the Asia Pacific region is experiencing a construction boom. For construction tasks including demolition, excavation, concrete pumping, and running pneumatic instruments, compressors are essential. The increase in new construction is driving up demand for compressor rental services as businesses look for affordable ways to satisfy their short-term and project-specific compressed air needs. Also, the rental market is expanding significantly in the Asia Pacific region. The transition to the rental model across a few industries, such as manufacturing, construction, and industrial applications, has favoured the growth of the compressor rental industry.

Key players operational in the compressor rental market are Atlas Copco (Sweden), United Rentals, Inc. (US), Ingersoll Rand (US), Caterpillar Inc. (US), Hertz Equipment Rental Corporation (US), Ashtead Group Plc (UK), H&E Equipment Services (US), Loxam Group (France), HSS Hire (UK) are major players in the global compressor rental market. These players focus on acquisition, agreement, investment, joint venture, merger, product launch, expansion, divestment, and partnership to cater to the increasing demand for compressor rental from various industries.

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Caterpillar Inc. is involved in designing, manufacturing, and marketing of construction & mining equipment, diesel & natural gas engines, industrial gas turbines, and diesel-electric locomotives. In September 2021, Caterpillar Inc. acquired Enhanced Energy Group, Inc. operating as "CarbonPoint Solutions," a US based carbon capture technology company. CarbonPoint Solutions provides technology to concentrate and capture CO2 for utilization or sequestration. The acquisition is part of Caterpillar's efforts to reduce carbon emissions and enable the cost-effective reduction of CO2 released into the atmosphere with carbon capture technology.

Ingersoll Rand is a global diversified industrial company, serving commercial and industrial markets. The company offers various brands, such as Ingersoll-Rand, Trane, Thermo King, American Standard, ARO, and Club Car. In December 2022, Ingersoll Rand acquired Everest Blower Systems Private Limited, widely known as the Everest Group which is a prominent player in the Indian market. By this acquisition, Ingersoll Rand aims to strengthen its position in the blower and vacuum pump market, particularly in the Indian region. This strategic move allows Ingersoll Rand to expand its portfolio of offerings and enhance its capabilities to provide tailored solutions to customers in India and beyond.

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