San Francisco, Dec 05 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 Metal Foam Market:
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: 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
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-metal-foam-market
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
No comments:
Post a Comment