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Metal Foam Market Report By Regional Revenue & Growth Forecast 2019-2025

Author : Rahul Varpe | Published Date : 2019-11-05 

According to a report on metal foam market by GMI, global metal foam market size is anticipated to account for over USD 100 million by 2025. The global metal foam market size is anticipated to witness hefty proceeds in the upcoming years owing to the proliferating developments in the automotive sector pertaining to reducing the vehicle weight.

Metal foams deliver benefits such as thermal insulation, heat exchange, and resistance from fire thereby finding use as sound dampers, and firewall material in the vehicle body parts.

Additionally, a paradigm shift towards the adoption of electric cars across the globe has stimulated the product demand eventually driving the business growth. Heavy production of heat and voltage from the electric vehicle’s battery calls for an urgent need of insulation with the help of the metal foam with an intent to restrict the power surges.

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Also, surging investments by the various automotive manufacturers in the hybrid and electric cars is likely to upsurge metal foam market size during 2019 to 2025. For instance, Volvo in 2017 declared coming up with plans of manufacturing only hybrid and electric cars by the end of 2019.

Further, the rising industrial trends in various developing economies across the globe have led to the generation of highly lucrative markets for metal foam developers while subsequently contributing towards the industry expansion over the projected time period.

The global metal foam market has been segmented into different segments – the product, material, end-use sector, and contributing regions.

Addressing the product aspects, the market is characterized by closed cell metal foam over the years and is expected to garner considerable gains over the forecast period. This growth can be aptly credited to the product’s robust characteristics including impact absorption, and fire and heat resistance thereby making it compatible for construction and automotive applications. An upsurge in the product penetration globally would impel the industry outlook in the near future.

Apparently, closed cell metal foam market size is estimated to record a CAGR of over 4 per cent through 2025.

In terms of the material, metal foam is available as titanium based metal foam, copper based metal foam, and others. Attributing to its perfect features of sound and vibration absorption and heat exchangers, the copper-based metal foam market share is likely to register a growth rate of over 3.5 per cent through the forecast timeframe.

Rapid growth of the global construction domain in several developing economies across the globe has augmented metal foam market trends from the building and construction end-use segment. As per estimates, the building and construction segment is predicted to depict a CAGR of over 5 per cent through 2025.

On the other hand, the increasing product demand in the aerospace industry has also been claimed to significantly complement the business dynamics accounting to metal foam’s lightweight structures.

Considering the regional landscape, the growth of Middle East metal foam market can be highly attributed to stringent government initiatives and reforms in an effort to support the ongoing construction as well as automotive projects. These are expected to boost the region’s capital and infrastructure projects and consequently foster the market size by the end of 2025.

Partial Chapter of the Table of Content:

Metal Foam Market, By End-Use Sector

  • Automotive
  • Aerospace
  • Building & construction
  • Healthcare
  • Energy
  • Others

Metal Foam Market, By Product

  • Open cell
  • Closed cell

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Apparently, Middle East metal foam market size is projected to register a valuation of over USD 2800 thousand by 2025.

Alongside, the elevating population, enhanced disposable income, the development of smart cities, and altering construction and industrial activities in the growing economies of Asia Pacific would propel the regional growth. These parameters would therefore enable APAC metal foam market to exhibit a CAGR of 6.5 per cent through 2025.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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