The size of Metal Foam market was valued at 84 million in 2021 and is foreseen to grow at a CAGR of 4.2% in the outlook period of 2021 to 2026 to become 100 million USD by value.
In July 2018, Minerals Technologies Inc, a US-based company, signed a deal with Shouguang Meilun Paper Co., Ltd., a division of Shandong Chenming Paper Holdings Ltd. and agreed for building a satellite precipitated Metal Foam plant at its paper mill in Shouguang, China. This plant has a capacity of producing almost 150,000 metric tons per annum. This agreement plays a crucial in the development of this company in the Chinese market.
In Feb’2020, Evonik completed the purchase of PeroxyChem for a deal of about USD 640 million, reinforcing the operations of this industry in peroxide market.
In May’2020, Tronox Holdings, a leading company in titanium oxide pigment confirmed about its deal to procure Norwegian titanium smelting facility.
The surge in the use of lightweight material in Industries according to the strict norms go government is one of the principal aspects promoting the growth of Metal Foam market throughout the globe. Products using metal foam are comparatively easier to handle against their heavyweight counterparts. Introduction of advanced technologies in metallurgy and material science has also sparked demand from the Metal Foam industry. Growth of automotive sector is also a prominent factor in determining the growth rate for the worldwide metal foam industry.
Various industries encompass a plethora of products that are metal-based. The growing outlook towards adaptation sustainable products is also promoting the use of Light weight materials. The strict government policies related to the usage of environment friendly products is also a supporting factor for the development of the worldwide Metal Foam market. Applications such as anti-intrusion bars and sound insulations are some of the domains in which metal foam market experiences high demand.
The superior features included advanced materials are often costly. Also, composites have turned out to be a very good and economic alternative to metal foams and thus challenge the metal foam market. In addition, the increased usage and implementation of products that use Metal Foam will gradually lead to accumulation of metal waste which will have hazardous effects on environment. These strict government regulations are considered as challenging aspects to the expansion of the global Metal Foam industry.
Metal Foam Market Segmentation
Metal Foam Market - By Material
Metal Foam Market - By Application
Automobile and transport segments are expected to register highest CAGR during the outlook period between 2020 and 2025. The application of flat products has proliferated automobile industry, in order to achieve required standards of strength and protection for their vehicles, the material is available at a relatively less prices compared to other materials.
Building and Infrastructure segment also witnessed tremendous growth in the last few years. Also, the affordable and highly efficient construction materials are finding more demand due to their lightweight and easy handling. In this aspect, metal foam stands out.
Metal Foam Market - By Region
Middle East and Africa
The Asia Pacific (APAC) region is the supposed to hold the largest portion of the worldwide metal foam industry during the forecast period of 2020 and 2025. In this area, China registered the biggest portion in terms of revenue. Construction, production, defence etc. are some sectors where the demand for the Metal Foam has increased rapidly over the past few years. Another reason is the easy availability of cheap workforce in China and India that attracts various industries to invest in the area. The second largest market is North America. This is because the USA is ruling in terms of production of Metal Foam in the North American area because of its wide range of production capabilities and a robust economy in the locale. Several efforts are being made to increase the usage of light weight materials over conventional metals because of the surge in need from aerospace and defence industries.
Metal Foam market Key Market Players:
There are several major market players who are asserting their dominance in the Metal Foam Business in recent years, some of the big names in the world are:
Create Materials Inc.
Coronavirus has had its worst impact on almost all industries across the globe. Europe, North America and Asia markets witnessed a worst condition because of this pandemic. Europe has been the early hotspot for this virus and the lockdown initiated at the early stages has resulted in the halt of production activities in this continent. Following Europe, North American and Asian countries had to adopt a similar solution, with production activities coming to a halt; and the market for Metal Foam was left very narrow as construction sector witnessed a standstill.In North American, Metal Foam market includes major suppliers like American Elements, Arcelormittal, KGaA, innovilt Holding GmbH, Johnson Matthey, Sun Chemical Corporation, NovaCentrix, etc. The COVID-19 has impacted the businesses causing disruption in the supply chain.
These players have called for the suspension of manufacturing because of the declined demand, supply chain disruptions, and to ensure the safety of their workforce in different parts of the world during the coronavirus pandemic. As a consequence, the demand for Metal Foam has declined in 2020. Recovery in the segment is expected to start post 2021 with the development of an effective vaccine.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Metal Foam Market, By Material
6.1.4 Tool Steel
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Metal Foam Market, By Application
6.2.6 Market Size Estimations & Forecasts (2021-2026)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Material
7.2.3 By Application
7.3.1 By Country
184.108.40.206 Rest of Europe
7.3.2 By Material
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.4.2 By Material
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
188.8.131.52 Rest of Latin America
7.5.2 By Material
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
184.108.40.206 Middle East
7.6.2 By Material
7.6.3 By Application
8. Key Player Analysis
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Create Materials Inc.
8.5 Mineral Technologies
8.6 American elements
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of by product type, by application & by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Metal Foam Market By Region, From 2021-2026 ( USD Billion )
Global Metal Foam Market By Material, From 2021-2026 ( USD Billion )
Global Aluminium Market By Region, From 2021-2026 ( USD Billion )
Global Nickel Market By Region, From 2021-2026 ( USD Billion )
Global Copper Market By Region, From 2021-2026 ( USD Billion )
Global Tool Steel Market By Region, From 2021-2026 ( USD Billion )
Global Metal Foam Market By Application, From 2021-2026 ( USD Billion )
Global Building Market By Region, From 2021-2026 ( USD Billion )
Global Infrastructure Market By Region, From 2021-2026 ( USD Billion )
Global Automotive Market By Region, From 2021-2026 ( USD Billion )
Global Transport Market By Region, From 2021-2026 ( USD Billion )
Global Aerospace Market By Region, From 2021-2026 ( USD Billion )