Metal Foam Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Metal Foam market size was estimated at USD 98.8 billion in 2023 and is projected to reach USD 131.8 billion in 2030 at a CAGR of 4.2% during the forecast period 2023-2030.

Metal foams are complex and intricate cellular structures that are composed of a solid metal matrix. The solid metal matrix contains a significantly large volume of gas-filled pores that are distributed throughout the entire structure. These pores possess the ability to either be sealed or remain interconnected with each other. When the pores are sealed and closed, the metal foam is referred to as a closed-cell foam. However, when the pores are interconnected, it is known as an open-cell foam, which is commonly mentioned as porous metal. The aforementioned features of the metal foam render it highly versatile and popular in various industries, including automotive, construction, and infrastructure.

The metal foam's advantageous features, such as its durability and low cost, make it a preferred material in many industries and applications. It can be utilized in the automotive and construction & infrastructure industries due to its cost-effectiveness and weightlessness. Additionally, the metal foam's unique properties make it an ideal candidate for a variety of applications, including sound absorption, thermal insulation, and structural reinforcement. The metal foam's intricate structure, combined with its exceptional properties, makes it a highly desirable material for a wide range of industrial and commercial applications.

The outbreak of the novel coronavirus (COVID-19) has resulted in a deceleration of the economic growth of countries globally. The metal industry, in particular, has been significantly impacted owing to the COVID-19 outbreak. The construction, transport, metal, and auto sectors are anticipated to encounter the ramifications of the coronavirus pandemic. The disruptions in the supply chain and the delay in lead time have further culminated in the declination of the global metal foam market growth. The restrictions imposed on cross-border imports and exports have impeded the time for order replenishments, thereby adversely affecting the market growth.

Delvens Industry Expert's Standpoint

The production of metal foam from aluminum has emerged as a highly advantageous approach for manufacturers, primarily owing to its immense potential to curtail the costs of manufacturing, thereby leading to an upsurge in profits. The widespread availability of aluminum has indeed captured the attention of several leading manufacturers across the globe. It is worth noting that metal foams find extensive applications in the manufacturing of medical devices, which has emerged as one of the major domains of utilization. Moreover, the escalating adoption of these medical devices is poised to act as a prominent driving factor of the global market.

In addition to this, it is imperative to mention that the upswing in the use of metal foams in heat exchangers is likely to further bolster the growth of the market. One of the key benefits of metal foams utilized in heat exchanges is that it significantly enhances the heat transfer rate, albeit at the cost of an additional pressure drop in the chemical industries.

However, it is pertinent to observe that unlike polymer foams, metal foams tend to remain deformed after being used, which renders them unsuitable for multiple applications. Furthermore, the availability of lightweight structural material, such as ceramic foams, may exert a negative impact on the growth of the market.

Market Portfolio

Key Findings

• On the basis of material, The market segmentation of the metal foam, which is based on its material composition, encompasses a variety of elements, including Aluminum, Copper, Nickel, and Zinc. Among these, it is important to note that the copper segment has established its dominance in the market, owing to its remarkable properties that include high energy resistance, strength, anti-corrosion, and strong conductivity, which are all unique characteristics of copper foam. In light of these features, copper foam has been widely employed across a range of applications, due to its exceptional capabilities in noise absorption and electromagnetic shielding. Furthermore, in the context of pressure-reducing devices that incorporate pressure gauges, copper foam is primarily utilized as a buffering material, given its remarkable potential to mitigate the impact of pressure changes. Additionally, copper foam has been observed to play an instrumental role in enhancing thermal insulation, vibration absorption, and other such useful materials, thereby making it a highly valuable and versatile material in the market.

• On the basis of product, The market segmentation of the metal foam industry, predicated on the nature of the product, comprises the category of Closed Cell Metal Foam. Among the various classifications, it can be observed that the closed cell metal foam sector has generated the highest amount of revenue. The unique feature of closed-cell foams is that they allow the swift passage of both air and liquid. The demand for closed cell foam is expected to be substantially influenced by its high strength, enhanced coefficient of friction, and tear resistance. These cells exhibit a wider range of capabilities as compared to their counterparts of open cell foams. Owing to their enduring nature and the ability to tolerate a higher degree of pressure, the utilization of closed cell foams is on the rise.

• On the basis of application, The market segmentation of the metal foam industry, predicated on its application, encompasses the realm of store Heat Exchangers and Energy Absorbers. Out of the two, the heat exchangers category, in particular, has been observed to generate a considerable amount of income. The utilization of metal foams as a material for heat-exchangers has been widely acknowledged due to their exceptional porosity and significant specific surface area. In contrast to their finned heat exchanger counterparts, foamed heat exchangers have been recognized to perform considerably better, and thereby, open cell metal foams have been identified as the most optimal material for heat exchangers.
   
• On the basis of region, The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The Asia-Pacific (APAC) region, comprising numerous countries and territories, has emerged as the largest and, in the foreseeable future, is expected to continue to be the fastest-growing market for metal foam.

Regional Analysis

Asia-Pacific to Dominate the Market

• The Asia-Pacific (APAC) region, comprising numerous countries and territories, has emerged as the largest and, in the foreseeable future, is expected to continue to be the fastest-growing market for metal foam.
   
• The utilization of metal foam has been predominant in the automotive industry, which is one of the major sectors contributing to the consumption of metal foam in this region.

Competitive Landscape

• ERG Aerospace Corporation
• CYMAT Technologies Ltd.
• Alantum
• Mott Corporation
• Liaoning Rontec Advanced Material Technology Co., Ltd. 
• Shanxi Putai Aluminum Foam Manufacturing Co., Ltd.
• Mayser GmbH & Co. KG
• Ultramet 
• Aluminum King Co., Ltd
• Pohltec Metalfoam GmbH
• Pithore Aluminium
• American Elements
• Admatis Ltd.
• Ultramet
• Alu-Met GmbH
• Cymat Deutschland GmbH
• Corex Honeycomb
• Havel Metal Foam GmbH
• REO MetalFoam

Recent Developments

• In March 2021, Mott, a leader in the creation of filtration and flow control systems for a variety of industries including industrial, semiconductor, and medical, announced a partnership with Banner Industries. For a wide range of crucial filtration and flow applications, high-performance, adaptable fluid control devices are the perfect fit. To supplement those devices, Mott also creates a variety of gas purifiers that clean process gases, gas diffusers for rapid vent applications, and gas flow restrictors.
   
• In January 2021, Presented with the Brandenburg Innovation Award was Havel Metal Foam GmbH. This advancement aids the business in growing its market share and awareness in the metal foam sector, both of which will support future revenue growth.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for the Metal Foam Market to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope