Global Metal Foam Market

Global Metal Foam Market

Metal foam is a cellular structure which is made up of metal that contains gas filled pores which are sealed or interconnected. The closed- cell foam is called metal foam while the open- cell foam is called porous metal. Aluminium, titanium and tantalum are usually used to make metal foam. Metal foam usually has high porosity, low thermal conductivity and high strength.

Market Analysis: 

Global Metal Foam Market is expected to rise from its initial estimated value of USD 85.85 million in 2018 to an estimated value of USD 119.78 billion by 2026, registering a CAGR of 4.25% in the forecast period of 2019-2026. Increasing usage of metal foam in different industries is the major factor for the growth of this market.
Market Drivers:
  • Growing demand for high quality foams
  • Increasing demand of the metal foam from various end- user industries is driving the market
Market Restraints:
  • Difficulties in welding, bonding and soldering of metal foam
  • Lack of awareness about foaming process.

Competitive Analysis:

Global metal foam market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of metal foam market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in metal foam market are ERG Aerospace Corp., Admatis Ltd., Shanxi Putai Aluminum Foam Manufacturing Co., Ltd., Hunan Ted New Material Company Ltd., Alantum Corporation, Pithore Aluminium, Cymat Technologies Ltd., American Elements, Shanghai Zhonghui Foam Aluminum Co. Ltd, Nanoshel LLC, Metecno Spa, Hütte Klein-reichenbach GmbH, BASF SE, Evonik Industries, Rogers Corporation, SABIC, Armacell.
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