The global metal foam market is expected to
reach USD 117.7 million in 2025, growing at a CAGR of 4.1%, according to a new
report by Grand View Research, Inc. Metal foams have seen a vast spectrum of
development in the recent years, with further intensified research being
carried out on this multifunctional material class. Despite the various
value-additions catered by metal foams, there still exists an imbalance between
the properties offered and the substantial utilization. A major factor
influencing this is the high cost of metal foams.
Increasing environmental concerns
and stringent automotive pollution control norms have forced automotive
manufacturers to monitor the pollution. Vehicular curb weight is one of the
most important factors affecting the fuel efficiency. Usage of lightweight
porous metallic materials in a body frame not only results in the reduction in
some parts being used but also in the curb weight, thus drastically increasing
fuel efficiency and reducing vehicular pollution.
The major foundry owners are
working to pave a path out by overcoming issues related to economies of scale,
high capital costs, labor law issues and government regulations related to
procurement of aluminum. Usage of aluminum is likely to be taken over by steel
and composite wood, mainly for the construction applications. Similarly, a wide
range of opportunities pursued by pro-active metal casters who face the
substitution threats, have considered converting weldments to castings.
Typical functional applications
of metal foams include sound absorption, fragmentation capture, impact
absorption, heat sinks and exchangers, the matrix for chemical bed and
scrubbers, filters and mist elimination of water and oils, core structure for
high strength panels, battery plates and spacers, automotive and aeronautical
light-weighting, and catalyst surfaces.
Browse full research report on Global
Metal Foam Market: http://www.grandviewresearch.com/industry-analysis/metal-foam-market
Further key Findings from
the Study Suggest:
- The global metal foam demand was 1.60 kilo tons in 2016 and is expected to reach 2.24 tons by 2025, growing at an estimated CAGR of 3.8% from 2017 to 2025
- Europe metal foam market is estimated to be valued at USD 19.1 million in 2016 and is expected to be the fastest growing market over the forecast period
- In terms of revenue, Aluminium accounted for 35.6% of the global market and is also expected to witness fastest growth over the next nine years
- As of 2016, Germany accounts for around 35% of the European metal foam demand and is also expected to retain its dominance over the forecast period as well
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the global metal foam market
on the basis of material, application, end-use and region:
Material Outlook (Volume, Tons; Revenue, USD Thousand,
2014 - 2025)
- Aluminum
- Nickel
- Magnesium
- Copper
Application Outlook (Volume, Tons; Revenue, USD Thousand,
2014 - 2025)
- Heat Exchangers
- Energy Absorbers
- Side Impact Bars
- Others
End-use Outlook (Volume, Tons; Revenue, USD Thousand,
2014 - 2025)
- Automotive
- Construction
- Industrial
- Aerospace
Regional Outlook (Volume, Tons; Revenue, USD Thousand,
2014 - 2025)
- North America
- U.S
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- India
- Middle East and Africa
- Central & South America
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range of
industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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