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Metal Foam is essentially a gas-filled solid metal manufactured for enhancing the performance properties of metals. Gas or voids space in the metal foam accounts for a large portion of the volume and these foams can have open cell or closed cell structure depending upon the application and manufacturing process. Metal foam retains the properties of base metal and is light in weight. These foams have a large number of applications but most of them are in the nascent phase and only a few commercial applications exist.
Key Market Driver -
Automotive industry drives the metal foam Market.
Key Market Restraint -
The Strong presence of substitutes and low-profit margin restrain the market growth.
Metal Foam is used for weight reduction, sound damping, anti-intrusion bars, and in other parts of the vehicle. Generally, It is recyclable, fire-resistant, energy absorbent, etc. that makes it a material of choice in automotive applications. As compared to their counterpart polymer foams, metal foam is stronger and more energy adsorbent. Also, in automotive exhaust systems
However, metal foam is expensive, non-insulating and relatively heavy than polymeric foams that restrict its adoption I various end-use industry.
Based on material, the market is segmented into aluminium, nickel, copper and other. On the basis of end-use industry, the market is segmented into Building & Construction, Automotive, Industrial, Aerospace & Defence, and others.
From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global Metal Foam market is partially fragmented. Some of the prominent manufacturers in the global Metal Foam include- CYMAT Technologies Ltd., Mayser GmbH & Co. KG, Pohltec Metalfoam, ERG Aerospace Corp., Alantum Corporation, Aluinvent Zrt., Alveotec, Hunan Ted New Material Co.,Ltd., Reade International Corp., Spectra-Mat, Inc., VIM Technology Ltd, Liaoning Rontec Advanced Material Technology Material Co., Ltd., Shanxi Putai Aluminum Foam Manufacturing Co.,Ltd, and others.
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The global Metal Foam market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia-Pacific is poised to be a fastest-growing market on the back of strong developments in countries like China, India, Taiwan, Thailand and Indonesia. The automotive industry in Europe drives the local market with significant consumption being in Western European countries such as Germany, France and the UK. Metal Foam is currently being tested for various applications in the region. For instance, Germany is testing a prototype of a high-velocity ICE train made of aluminium foam. The BREXIT deal is expected to impact the Europe market in short-term forecast while the market in the mid and longterm forecast is expected to be more stable. Aerospace & defence applications of metal foam are expected to create lucrative growth opportunities in the North America region. On the backdrop of an economic slowdown across the globe, the metal foam market has witnessed sluggish growth. Latin America and Middle East & Africa region relatively account for smaller shares in the market. The political & economic instability in Latin America is expected to hamper the market growth over the forecast period. Middle East & Africa is expected to witness slow growths over the forecast period due to the low presence of metal foam end-users in the region.
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