The global metal foam market size is poised to increase commendably over the coming years owing to increasing investments in infrastructural development along with uses across applications like automotive, aerospace, healthcare, energy, and more. These materials provide superior benefits as opposed to other materials, thereby offering promising growth prospects to key manufacturers operating in this industry.
The extensive use of metal foam market in building structures and wall coverings due to its fire-resistant properties and superior thermal insulation will boost its demand in construction and infrastructural applications.
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Development in construction activities, particularly in emerging markets, is a major driver for increasing metal foam market share across the world. Increase in per capita income and enhanced living standards across developing economies will proliferate the demand for commercial and residential structures across developing nations.
According to the Ministry of Statistics and Programme Implementation (MoSPI), India’s per-capita income is anticipated to have surged by 10% to INR10,534 a month during financial year ended March 2019. Growth in personal income will result in a higher demand for housing, thereby augmenting the metal foam industry size in the forecast years.
The metallic foams are used in the automotive sector to increase sound damping, boost energy absorption, and reduce overall vehicle weight. Hence, burgeoning automotive production will also lead to an increase in demand for metal foam products. Data by the Federal Reserve claims that industrial production surged by 0.4% in May 2019 due to an increase in passenger cars and pickup trucks production. Such developments in the automotive industry also signify a positive sign for global metal foam market.
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Increasing adoption of electric vehicles is anticipated to be a lucrative opportunity for metal foam manufacturers across the world. In order to enhance vehicle performance, lightweight auto parts are crucial in electric vehicles. SmartBatt project by the European Commission is aiming to create battery packs by using a core of aluminum hybrid foam. Successful implementation of such innovations could further spur metal foam demand in the automotive sector.
Moreover, technological advancements in metal foam products will also aid industry growth over the ensuing years. For instance, Saarland University scientists recently developed a range of lightweight and strong metallic foams capable of impact protection and shock wave absorption. These metal foams can be customized for a wide range of applications, which makes them a prominent contributor for global metal foam market share in the near future.
Europe is also likely to emerge as a strong regional contender owing to development in its automotive industry. Due to increasing concerns surrounding vehicular emissions, adoption of electric cars is picking pace, which is bound to create huge impetus for the region’s EV industry, thereby augmenting Europe metal foam market outlook over the coming years.
Partial Chapter of the Table of Content:
Chapter 2. Executive Summary
2.1. Metal foam market 3600 synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Material trends
2.1.4. End-use sector trends
2.1.5. Regional trends
Chapter 3. Metal foam Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition at each stage
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
22.214.171.124. List of key manufacturers/suppliers
126.96.36.199. List of key customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Production process
3.4.3. Future trends
3.5. Life cycle analysis
3.5.1. Research & development
3.6. Industry impact forces
3.6.1. Growth drivers
188.8.131.52. Increasing product demand in building & construction industry
184.108.40.206. Rising usage of product in automotive & aerospace sector
220.127.116.11. Superior product characteristics
3.6.2. Industry pitfalls & challenges
18.104.22.168. High product price
3.7. Regulatory landscape
3.7.3. Asia Pacific
3.8. Growth potential analysis
3.9. Industry megatrend
3.10. Competitive landscape, 2018
3.10.1. Company market share, 2018
3.10.2. Strategy dashboard
3.11. Porter’s analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Threat of substitutes
3.11.5. Industry rivalry
3.12. Price trends
3.12.1. Regional price trends
3.12.2. Type price trends
3.12.3. Cost structure analysis
22.214.171.124. R&D cost
126.96.36.199. Manufacturing & equipment cost
188.8.131.52. Raw material cost
184.108.40.206. Distribution cost
220.127.116.11. Operating cost
18.104.22.168. Miscellaneous cost
3.13. PESTEL analysis
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Other end-user applications for the metal foam market include healthcare and aviation sector. For example, NASA is exploring the possibilities of noise reduction in aircraft using metallic foams. On account of such possibilities, metal foams are poised to witness steady growth in the subsequent years. According to a research report by Global Market Insights, Inc., metal foam market is estimated to be worth more than $100 million by 2025.
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