The Metal Foam Market is Projected to Register a CAGR of 4.2%, in Terms of Value, Between 2019 and 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 28, 2019--
The “Metal Foam Market by Material (Aluminum, Copper, Nickel), Application (Anti-Intrusion Bars, Heat Exchangers, Sound Insulation), End-Use Industry (Automotive, Construction & Infrastructure, Industrial), and Region - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The metal foam market is projected to register a CAGR of 4.2%, in terms of value, between 2019 and 2024.
The metal foam market size is estimated to be USD 84 million in 2019 and is projected to reach USD 103 million by 2024, at a CAGR of 4.2% during the same period. Metal foam is used in different industries, such as automotive, construction & infrastructure, industrial, and others. Metal foam is advantageous in the automotive and construction & infrastructure industries in terms of cost-effectiveness and low weight. The superior features offered by metal foam are enabling its usage in various end-use industries.
Anti-intrusion bars application accounted for the largest share, in terms of value and volume, of the overall metal foam market.
Anti-intrusion bars dominated the overall metal foam market in 2018. Metal foam possesses characteristics such as cost-effectiveness, reduced weight, good thermal behavior, durability, resistance to fire, and reduced maintenance expenditure. Anti-intrusion bars are used in the automotive industry and possess the capability to keep passengers safe at the time of collision.
Aluminum material accounted for the largest share, in terms of value and volume, of the metal foam market.
Aluminum material dominated the overall metal foam market in 2018. The use of aluminum material in metal foam offers various advantages such as sound absorption, fragmentation capture, impact absorption, heat sinks and exchangers, catalyst surface, battery plates, and spacers. Aluminum foam can absorb energy better than steel as it possesses air bubbles created during the manufacturing process. All these factors make aluminum metal foam to be the most widely used material in the metal foam market.
The metal foam market in the automotive end-use industry is expected to register the highest CAGR between 2019 and 2024.
The market in the automotive end-use industry is expected to witness the fastest CAGR during the forecast period. As the automotive market is moving toward electric cars, the need for lightweight and strong materials in the automotive industry is on the rise. Considering the safety point for lightweight automotive vehicles, the demand for effective crash-resistant products is on the rise. These factors are driving the metal foam market in the automotive industry around the globe.
The metal foam market in APAC is projected to register the highest CAGR, in terms of value and volume, between 2019 and 2024.
The APAC dominated the global metal foam market. The region has the presence of many manufacturers of metal foam and its products. China accounted for a significant share of the market in APAC and is expected to register substantial growth during the forecast period. The growth of the metal foam market in this region is driven mainly by the growing building and infrastructure end-use industries.
Key Benefits of Buying the Report
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Report
1.5 Units Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Metal Foam Market
4.2 Metal Foam Market, By Material and Region
4.3 Metal Foam Market, By End-Use Industry
4.4 Metal Foam Market, By Application
4.5 Metal Foam Market, By Country
5 Market Overview
5.2 Market Dynamics
5.3 Porter’s Five Forces Analysis
5.4 Macroeconomic Overview and Key Trends
6 Metal Foam Market, By Material
7 Metal Foam Market, By Application
7.2 Anti-Intrusion Bars
7.3 Heat Exchangers
7.4 Sound Insulation
8 Metal Foam Market, By End-Use Industry
8.3 Construction & Infrastructure
8.5 Other End-Use Industries
9 Metal Foam Market, By Region
9.3 North America
9.6 Latin America
10 Competitive Landscape
10.2 Competitive Leadership Mapping
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Market Ranking
10.6 Competitive Scenario
11 Company Profile
11.1 ERG Aerospace Corporation
11.2 Cymat Technologies Ltd.
11.4 Mott Corporation
11.5 Liaoning Rontec Advanced Material Technology Material Co., Ltd.
11.6 Shanxi Putai Aluminum Foam Manufacturing Co., Ltd.
11.7 Mayser GmbH & Co. KG
11.9 Aluminum King Co., Ltd.
11.10 Pohltec Metalfoam GmbH
11.11 Other Players
11.11.1 Wuhan Jingchu Chenshi Pharmaceutical Chemical Co. Ltd.
11.11.2 Hollomet GmbH
11.11.3 Spectra-Mat, Inc.
11.11.5 American Elements
11.11.6 Versarien Technologies Limited
11.11.8 Havel Metal Foam
11.11.10 Foamtech North America
For more information about this report visit https://www.researchandmarkets.com/r/wiv799
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KEYWORD: AFRICA AUSTRALIA/OCEANIA NORTH AMERICA
INDUSTRY KEYWORD: CHEMICALS/PLASTICS NATURAL RESOURCES MANUFACTURING MINING/MINERALS
SOURCE: Research and Markets
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PUB: 11/28/2019 05:45 AM/DISC: 11/28/2019 05:45 AM