Metal Foam Market: Global Opportunity Analysis and Industry Forecast, 2022-2029 Market

Metal Foam Market Analysis 2020-2027:

Metal foams are cellular structures made up of a solid metal comprising a large volume of gas-filled pores. These pores can be sealed, i.e., closed-cell foam, or they can be an interrelated, i.e., open-cell foam. The open-cell foam is mentioned to as porous metal, while the closed-cell foam is referred as metal foam. Metal foam is used in different industries, such as automotive, construction, and infrastructure. Metal foam is preferred in various industries and applications due to its features such as durability and low cost. It is beneficial in the automotive and construction & infrastructure industries, due to its cost-effectiveness and weightlessness.

COVID-19 scenario analysis 

• The novel coronavirus (COVID-19) outbreak has led to a slowdown of the economic growth of countries across the world.  
• The metal industry has been mostly affected due to COVID-19 outbreak. Construction, transport, metal, and auto sectors are likely to be affected by the coronavirus pandemic.
• Disruptions in supply chain and delay in lead time further lead to decline in the global metal foam market growth. 
• Restrictions on cross-border imports and exports delayed the time for order replenishments, thus negatively affected the market growth.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Producing metal foam from aluminum provides various benefits to manufacturers such as reducing their costs of manufacturing, thereby increasing profits. Ample availability of aluminum has grabbed the attention of leading manufacturers. Manufacturing of medical devices is one of the major applications of metal foams. Rise in use of such medical devices acts as a key driving factor of the global market. Additionally, increase in application of metal foams in heat exchangers will further boost the market growth. Metal foams used in heat exchanges aids in increasing the heat transfer rate at the cost of an additional pressure drop in chemical industries.

However, once used, metal foams remain deformed, unlike polymer foams, which make it suitable for one time applications. Additionally, availability of lightweight structural material, such as ceramic foams may negatively impact the market growth.

New product launches to flourish the market

Aluminum metal foam can absorb energy better than steel, as it possesses air bubbles created during the manufacturing process. NALCO launched a new product Aluminum Alloy 1200 (AA 1200) to its product range, to boost the Make in India initiative. Commercial aluminum alloy grade 1200 has unique features such as high corrosion resistance and high thermal conductivity and reflectivity.

Surge in usage in metal foams in industrial applications

Urbanization and globalization, which lead to the development of aerospace and developing technologies, have driven the growth of automotive companies. In each of these industries, metals and alloys are used for manufacturing components. Metals that are used to create metal foams contain aluminum, titanium, and tantalum. Metal foams have many unique properties, which make them widely applicable for components in machines, vessels, and other vehicles, mass products found primarily in cars—car body elements absorbing impact energy, increasing toughness, and improving the comfort of usage by reducing vibration and noise.

Key benefits of the report

• This study presents the analytical depiction of the global metal foam market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global metal foam market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global metal foam market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global metal foam market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the metal foam market research report:

• Which are the leading players active in the global metal foam market?
• What are the upcoming trends in the global metal foam market?
• What are the driving factors, restraints, and opportunities of the global metal foam market?
• What are the projections for the future that would help in taking further strategic steps?

 Metal Foam Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights