The “Metal Foam Market” report gives a massive source to analyze the industry and other fundamental technicalities identifying with it. The examination discloses the total assessment and veritable parts of the Metal foam market. This study exhibits a straightforward outline of the industry, that integrates applications, blueprints, industry chain structure, and definitions. This report prepares a case for investments in different regions based on a practical view of their regulatory outline, manufacturing dynamics, and availability of skills and resources in that region.
The global metal foam market is expected to value at
USD117.7 million by 2025 with a CAGR of 4.1%. The Market is driven by factors
such as boom in construction industry, industrial sector and aerospace domain.
Market entrants are exploring new arenas for development and application of
production processes. Rising environmental concerns and government inclination
towards lessening automotive pollution control have enabled automotive
manufacturers to enable innovative techniques to curb pollution problems.
Foundry owners are now adopting sustainable techniques to overcome issues such
as high capital costs, labor law and government regulations rigid by nature.
However, negatively influencing drivers for metal foam market include disparity
in properties and considerable uses.
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Metal foams are a new class of materials with unique
characteristics such as highly mechanical, robust, electrically efficient and
so on. Metal foams are known to offer lightweight structures, thermal
management and energy absorption features. In fact, metal foams are recyclable
and non-toxic by nature offering significant performance, efficient absorption
of energy and high in thermal management.
Commercially, these are used for automobile production
such as car body, chassis, external coverings etc. Metals foams find extended
use in aircraft designs, civil engineering and road & highways
infrastructure. A basic feature of metal foam is high porosity that ranges
within a significant percentage. Foam density thus makes up to a high portion
in manufacture of metal foams. Densities of common foam made out of aluminum
and pure metal alloys enables to change their characteristic parameters.
Applications of metal foam include heat sinks &
exchangers, absorption and fragmentation capture. Other uses include battery
plates, automotive, aircraft light weighting, and catalyst surfaces. The market
is segmented based on material, application, end-use and geography. Material
segmentation for metal foam market comprises Nickel, Copper, Aluminum,
Tantalum, Tungsten and Zinc. End-use segmentation includes construction &
maintenance, industrial and automotive. Segmentation by application for metal
foam market includes heat exchangers, anti-intrusion bars, catalysis, medical
implants and sound absorbers.
Geographical segmentation for metal foam market includes
North America, Latin America, Europe, Asia-Pacific, Middle East and Africa.
Asia-Pacific metal foam market accounted for a significant market share in the
forecast period owing to rise in emerging economies as and significant
applications for automotive sector.
North American market is anticipated to rise at a
staggering CAGR in the forthcoming period due to rise in stringent emission
standards, increasing investments, consumer preference for electric powered
vehicles and government policies for efficient resource utilization. The key players
in the metal foam industry include Cymat Technologies Ltd, and ERG Aerospace
Corporation.
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