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Global Metal Foam Market Gaining Hugh Growth in the Coming Years, Market Worth CAGR 4.1% by 2024
Global Metal Foam Market projected to grow at a CAGR of 4.1% by 2024
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Market Definition: Global Metal Foam Market
Metallic foams come in different forms such as nickel foam, copper foam, aluminum foam, and tungsten foam which are used in various applications. They are characterized by properties such as high porosity & energy absorption, high quality and resistance among others. These properties empower metal foam to be utilized as a part of different applications such as heat exchangers, anti-intrusion bars and sound absorbers.
Major Market Drivers and Restraints:
• Growing demand for high quality foams
• Growing end use industries
Market Restraint:
• Difficulties in welding, bonding and soldering of metal foam
The market is segmented on the basis of material, applications, end-users and geography.
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On the basis of material, the global metal foam market is segmented into aluminum, copper, nickel and others. Other types of material consist of tungsten and tantalum. Aluminum foam accounts the largest market share due to its different properties such as thermal and electrical conductivity, high porosity, corrosion resistance and many others.
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Based on applications, the global metal foam market is segmented into anti-intrusion bars, sound absorbers, heat exchangers and others. Other applications include comprises of railway buffers and medical implants.
On the basis of end users, the global metal foam market is segmented into automotive, industrial, construction & infrastructure and others. Other types of end users segment do consists of aerospace, defense and medical. The automotive industrial is the largest consumer of metal foam.
On the basis of geography, global metal foam market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Some of the major players operating in global metal foam market are ERG Aerospace Corp., Admatis Ltd., Shanxi Putai Aluminum Foam Manufacturing Co., Ltd., Hunan Ted New Material Company Ltd., Alantum Corporation, Pithore Aluminium, Cymat Technologies Ltd., American Elements and Shanghai Zhonghui Foam Aluminum Co. Ltd. and among others.
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Other Report
Global Composite Coatings Market By Technique (Laser Melt Injection, Electroless Plating, Brazing, Others), Applications (UV Protection, Anti-Corrosion, Thermal Protection), End Users {Transportation, Oil & Gas, Aerospace and Defense, Industrial (Medical, Food Industry), Others}, Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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