MARKET OVERVIEW
Metal foam is a cellular structure made up of a solid metal-containing a large volume fraction of gas-filled pores. The pores in metal foam can either be sealed or can be an interconnected network. Metal foam has very high porosity. They have high compression strengths combined with good energy absorption characteristics. Metal foams with high strengths can act as high-capacity impact-energy absorbers. In the automotive industry, metal foams can reduce the number of parts in the car frame, facilitate assembly, thereby reducing costs and improving performance.
MARKET SCOPE
The "Global Metal Foam Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the metal foam market with detailed market segmentation by metal type, application, end-use industry and geography. The report provides key statistics on the market status of the metal foam market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on metal type, the global metal foam market is segmented into aluminum, nickel, copper, and others.
- Based on application , the market is bifurcated into heat exchangers, anti-intrusion bars, and others
-Based on end-use industry, the market is bifurcated into automotive, aerospace, construction, and others
MARKET DYNAMICS
Drivers:
- Increasing use of metal foam in the automotive industry due to the growing demand for high-performance and lightweight vehicles
- Rising demand for metal foam from various end-use industries such as construction, aerospace, and others
Restraints:
- Fluctuation in the price of a raw materials may create impact on the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The metal foam market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the metal foam in these regions.
IMPACT OF COVID-19 ON METAL FOAM MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the metal foam market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from metal foam market are anticipated to witness lucrative growth opportunities in the future with the rising demand for metal foam in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the metal foam market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- American Elements
- Nanoshel LLC
- Alantum
- Cnem Corporation
- hollomet GmbH
- CYMAT Technologies Ltd.
- ERG Aerospace Corp.
- Hunan Ted New Material Co.,Ltd.
- Shanghai Zhonghui foam Aluminum Co., Ltd.
- LIAONING RONTEC ADVANCED MATERIAL TECHNOLOGY CO., LTD.
- Ultramet
- FOAMTECH GLOBAL
- Nanorh
- ALUPOR
- Mott Corporation
- Mayser GmbH & Co. KG
- VIM Technology Ltd
- Aluminum King Co., Ltd
- ARITECH CHEMAZONE PVT LTD.
- BEIHAI Composite
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.