Metal Foam Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The market is segmented by Type (Open-Cell Foam, Closed-Cell Foam, and Stochastic Metal Foam), Material (Aluminum, Copper, Nickel, and Other Materials), Application (Automotive, Industrial Machines, Construction, Aerospace, Bio-Medical, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

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Metal Foam Market Size

Metal Foam Market Summary
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: > 4 %

Major Players

Metal Foam Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Metal Foam Market Analysis

The metal foam market is expected to grow at a CAGR of over 4% during the forecast period. One of the main factors driving the market is increasing demand of metal foam from automotive sector. However, High production and manufacturing cost of metal foam is expected to hinder the growth of the market studied.

  • Growing demand of growing demand of metal foam from light weight electrical vehicles is likely to act as an opportunity for the market studied in the coming years.
  • By application, metal foam from automotive sector is expected to dominate the market over the forecast period.
  • Asia-Pacific is expected to dominate the market with the largest consumption from countries, such as India and China.

Metal Foam Industry Segmentation

The metal foam market report includes:

Type
Open-Cell Foam
Closed-Cell Foam
Stochastic Metal Foam
Material
Aluminium
Copper
Nickel
Other Materials
Application
Automotive
Industrial Machines
Construction
Aerospace
Bio-Medical
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Metal Foam Market Trends

This section covers the major market trends shaping the Metal Foam Market according to our research experts:

Automotive Segment to Dominate the Market

  • A foam metal is a cell structure comprising of a strong metal such as aluminum which contains an enormous volume part of gas-filled pores.
  • The primary functions of metallic foams in vehicles are to increase sound damping, reduce weight, increase energy absorption in case of crashes, and in military applications to combat the concussive force of IEDs.
  • Foam made from non-flammable metal remains non-flammable and can generally be recycled as the base materials as it typically retain some physical properties of their base material.
  • Owing to a huge growth in population, rising per capita income as well as economic development in countries, like China, India, and other ASEAN countries, will drive the automotive industry significantly in Asia-Pacific region.
  • Hence, owing to the above-mentioned factors, the application of metal foam from automotive sector is likely to dominate during the forecast period.
Metal Foam Market, Revenue Share (%), by Application, Global, 2019

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to dominate the market for metal foam during the forecast period. The increasing demand of metal foam with growing automotive industry in developing countries like India and China is expected to drive the demand for metal foam in this region.
  • The largest producers of metal foam are located in Asia-Pacific region. Some of the leading companies in the production of metal foam are ERG Aerospace Corp, Admatis Ltd, Alantum, CYMAT Technologies Ltd and Armacell among others.
  • The National Development and Reform Commission (NDRC) announced that the restrictions will be loosened on the auto market, and appropriate subsidies will be provided to boost rural sales of some vehicles, as well as the purchase of new energy vehicles.
  • Indian governmet initiatives such as "Housing for all", the government’s flagship scheme "PMAY" aims to build 20 million urban homes and 30 million rural houses by 2022, smart cities, etc. are fuelling the growth of the Urban Infrastructure and construction development.
  • Owing to the above-mentioned factors, the market for metal foam in the Asia-Pacific region is projected to grow significantly during the study period.
Metal Foam Market - Growth Rate by Region, 2020-2025

Metal Foam Industry Overview

The global metal foam market is partially fragmented in nature with only few major players dominating the market. Some of the major companies are ERG Aerospace Corp, Admatis Ltd, Alantum, CYMAT Technologies Ltd and Armacell, among others.

Metal Foam Market Leaders

  1. ERG Aerospace Corp

  2. Admatis Ltd

  3. Alantum

  4. CYMAT Technologies Ltd

  5. Armacell

*Disclaimer: Major Players sorted in no particular order

Metal Foam Market Concentration

Metal Foam Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand of Metal Foam from Automotive Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 High Production andd Manufacturing Cost of Metal Foam

      2. 4.2.2 Lack of Awareness about Metal Foams

      3. 4.2.3 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Open-Cell Foam

      2. 5.1.2 Closed-Cell Foam

      3. 5.1.3 Stochastic Metal Foam

    2. 5.2 Material

      1. 5.2.1 Aluminium

      2. 5.2.2 Copper

      3. 5.2.3 Nickel

      4. 5.2.4 Other Materials

    3. 5.3 Application

      1. 5.3.1 Automotive

      2. 5.3.2 Industrial Machines

      3. 5.3.3 Construction

      4. 5.3.4 Aerospace

      5. 5.3.5 Bio-Medical

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Admatis Ltd

      2. 6.4.2 Alantum

      3. 6.4.3 American Elements

      4. 6.4.4 Armacell

      5. 6.4.5 CYMAT Technologies Ltd

      6. 6.4.6 ERG Aerospace Corp

      7. 6.4.7 Hunan Ted New Material Company Ltd.,

      8. 6.4.8 Metecno Spa

      9. 6.4.9 Nanoshel LLC

      10. 6.4.10 Pithore Aluminium

      11. 6.4.11 Shanxi Putai Aluminum Foam Manufacturing Co., Ltd.

      12. 6.4.12 Stylepark AG,

      13. 6.4.13 Ultramet

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand of Metal Foam from Light weight Electrical Vehicles

    2. 7.2 Other Opportunities

**Subject to Availability
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Metal Foam Market Research FAQs

The Metal Foam Market is studied from 2018 - 2028.

The Metal Foam Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Asia Pacific holds highest share in 2021.

ERG Aerospace Corp, Admatis Ltd, Alantum, CYMAT Technologies Ltd, Armacell are the major companies operating in Metal Foam Market.

Metal Foam Industry Report

Statistics for the 2023 Metal Foam market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Metal Foam analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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