Global Metal Foam Market Insights Forecasts to 2030

• The global metal foam market was valued at USD 90 billion in 2021.
• The market is growing at a CAGR of 4.5% from 2022 to 2030
• The global metal foam market is expected to reach USD 133 billion by 2030
• Asia-Pacific is expected to grow the fastest during the forecast period

The global metal foam market is expected to reach USD 133 billion by 2030, at a CAGR of 4.5% during the forecast period 2022 to 2030. The metal foam market has grown due to its growing demand for metal foam from lightweight electrical cars. In addition, improved efficiency has led to an increase in metal foam consumption in recent years.

Market Overview

Metal foams are becoming increasingly popular in many end-use industries, including infrastructure & construction, automotive, aerospace, and industrial. Participants in the industry, both new and established, are refocusing their attention on two essential areas: investigating potential new application areas and creating new production procedures. To inflate foams directly into the desired shape, numerous market participants manufacture specialized "dies" for the current market.

The demand for metal foams is anticipated to be driven by the products' notable characteristics, such as electrical competence, thermal management, and shock absorption capabilities. Because of their high strength, low weight, and durability, aluminum foams are becoming increasingly popular in the automotive and transportation industries, which is expected to help the market grow. Due to their labor- and energy-intensive manufacturing process, metal foams are currently somewhat expensive.

Metal foams' potential has yet to be fully understood; thus, there is still a lot of room for market participants to do so. Lack of knowledge of fundamental concepts of metal frothing and product properties, an inability to produce composites of a consistent quality within predetermined parameters, flaws in the physical properties of the product, and a breakdown in communication between research staff and design engineers are some of the problems encountered in the industry. New lightweight composites that are more effective in insulating against high heat have been developed due to research efforts at North Carolina State University as opposed to more traditional base metals and alloys, such as steel.

Report Coverage

This research report categorizes the market for global metal foam based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global metal foam market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global metal foam market sub-segments.

Segmentation Analysis

• In 2021, the Open-Cell foam segment dominated the market with the largest market share of 39% and market revenue of 35.1 billion.

Based on the type, the global metal foam market is categorized into Open-Cell Foam, Closed-Cell Foam, and Stochastic Metal Foam. In 2021, the Open-Cell foam segment dominated the market with the largest market share of 39% and market revenue of 35.1 billion. It is ideal for heat insulation, catalytic converter substrates, sound & vibration absorption, and heat & fluid adsorption applications in various sectors thanks to its high mechanical strength, versatility, and properties. The product is also commonly used in heat exchangers for filtration and catalysis.

• In 2021, the aluminum segment accounted for the largest share of the market, with 30% and market revenue of 27 billion.

Based on the material, the metal foam market is categorized into Aluminum, Copper, Nickel, and Other Materials. In 2021, the aluminum segment accounted for the largest share of the market, with 30% and a market revenue of 27 billion. Because of its qualities that include highly developed repair,  maintenance technology, and Recycling compatibility. In addition, the ability to reform during the manufacturing and service lifecycle stages.

• In 2021, the automotive segment accounted for the largest share of the market, with 29% and market revenue of 26.1 billion.

Based on the application, the metal foam market is categorized into Automotive, Industrial Machines, Construction, Aerospace, Bio-Medical, and Other Applications. In 2021, the automotive segment accounted for the largest share of the market, with 29% and market revenue of 26.1 billion. A foam metal is a cell structure made of sturdy metal, such as aluminum, with a significant portion of its volume taken up by gas-filled pores.

Metallic foams are primarily used in cars to dampen sound, reduce weight, boost energy absorption during collisions, and in military applications to lessen the force of IEDs' concussive blast. The automobile sector in the Asia-Pacific area will be heavily fueled by population expansion, rising per capita income, and economic growth in nations like China, India, and other ASEAN countries.

Regional Segment Analysis of the Metal Foam Market

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America emerged as the largest market for the global metal foam market, with a market share of around 33.9% and 90 billion of the market revenue in 2021.

• In 2021, North America emerged as the largest market for the global metal foam market, with a market share of around 33.9% and 90 billion of the market revenue. Due to the growing demand for electric vehicles in the region, North America controls the world's consumption of metal foam. Additionally, the market size will be stimulated by an increase in car usage brought on by continuous government policies in the area. Metal foam use is being driven by an increase in product utilization in local medical applications.

• The Asia-Pacific market is expected to grow at the fastest CAGR between 2021 and 2030, It is anticipated that the demand for metal foam in this region will increase along with the expansion of the automobile sector in developing nations like China and India. The Asia-Pacific region has the largest metal foam producers. ERG Aerospace Corp., Admatis Ltd., Alantum, CYMAT Technologies Ltd., and Armacell are a few of the top producers of metal foam.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the global metal foam market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis.

The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• Reade International Corp.
• Ultramet
•  SELEE Corporation
•  Erg Aerospace Corporation
•  Cymat
•  Foamtech Global Co.
• IWE Greifswald
• Bauer Cases
• Shanxi Putai Aluminum Foam Manufacturing
• Spectra-Mat, Inc.
• Cnem Corporation
•  American Elements
• Aluntam Corp.
• AlCarbon
•  Nanoshel

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In May 2019, A brand owned by Encocam Ltd. called Corex Honeycomb participated in the show that took place in the UK. This development has aided the business in expanding its reach and showcasing its new product line, both of which could aid in income generation in the near future.

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global metal foam market based on the below-mentioned segments:

Global Metal Foam Market, By Type

• Open-Cell Foam
• Closed-Cell Foam
• Stochastic Metal Foam

Global Metal Foam Market, By Materials

• Aluminum
• Copper
•  Nickel
• Other Materials

Global Metal Foam Market, By Application

• Automotive
• Industrial Machines
• Construction
• Aerospace
• Bio-Medical
•  Other Applications

Global Metal Foam Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa