Metal Foam Market Size, Share, Trends, Growth 2032

Metal Foam Market

Metal Foam Market By Product (Open Cell and Closed Cell), By Material (Aluminum, Copper, Zinc, Titanium, and Others), and By End-Use Sector (Automotive, Aerospace, Building & Construction, Healthcare, Energy, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032

Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-5164 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 86.21 Million USD 128.01 Million 4.49% 2023

The global metal foam market size was worth around USD 86.21 million in 2023 and is predicted to grow to around USD 128.01 million by 2032 with a compound annual growth rate (CAGR) of roughly 4.49% between 2024 and 2032.

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Metal Foam Market: Growth Drivers

The study global metal foam market covers an assessment and analysis on a regional as well as global level. The report presents an all-inclusive evaluation of the market, rivalry, emerging trends, opportunities, and industry-validated market statistics. The research report offers notable data of 2019, 2020, & 2021 along with estimation from 2024 to 2032 based revenue (USD Million).

Metal foam is a foam with a cellular structure consisting of solid metal usually aluminum that has gas-filled pores, which comprises a large portion of the volume. Metal foams are commonly made by injecting a gas or mixing a foaming agent into the molten metal. Metal foams are lightweight cellular materials, which provide cushioning effect, vibration damping, and insulation.

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Metal foam finds a variety of Materials in automotive, infrastructure & communication, aerospace, and industrial. The metal foam market is anticipated to progress rapidly over the forecast period on account of increasing industrial growth in each sector. Rapid urbanization coupled with increasing construction activities is further escalating the market growth.

Metal Foam Market: Segmentation

The global metal foam industry is segmented based on product, material, end-use and region.

The global metal foam market is categorized into open cells and closed cells on the basis of the product. In the global metal foam market, open-cell metal foam segment held the maximum market share in 2022. Open-cell foam is produced in a large spectrum of sizes and pore densities. As it has variable structure, fluid & heat adsorption capability, and high metal strengths, it is perfect for catalytic converter substrates and noise absorption Materials.

Based on material, the global metal foam market has been classified into aluminum, copper, zinc, titanium, and others. In 2022, aluminum and titanium together account for half of the segments share on the basis of volume. Aluminum metal foams, due to its lightweight, good conductivity, durability, and heat resistivity are mostly employed in household & furniture, aerospace, automotive, and other industries.

Metal Foam Market : Report Scope

Report Attributes Report Details
Report Name Metal Foam Market Research Report
Market Size in 2023 USD 86.21 Million
Market Forecast in 2032 USD 128.01 Million
Growth Rate CAGR of 4.49%
Number of Pages 215
Key Companies Covered Nanoshel, American Elements, Ultramet, AlCarbon, Shanxi Putai Aluminum Foam Manufacturing Co., Ltd., Reade International Corp., Spectra-Mat, Erg Aerospace Corporation, Aluntam Corp., Bauer Cases, Inc., and Cymat
Segments Covered By Product, By Material, By End-Use and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

On the basis of the end-use sector, the global metal foam market has been segmented into automotive, aerospace, building & construction, healthcare, energy, and others. Among these, automotive sector has accredited for the largest market share in 2022 and is expected to witness substantial growth over the forecast period. As metal foam is lightweight material, it is highly used in automobiles for weight reduction. Aluminum metal foam is lightweight and is mostly used in the manufacturing of vehicle components such as body sheets, engine hoods, structural panels, etc.

Metal Foam Market: Regional Insights

Based on the region, Asia-Pacific has dominated the market share in terms of revenue in 2018. This can be attributed to improving economic conditions, rapid urbanization coupled with increasing disposable income in the region. The market is further expected to gain traction over the forecast years owing to increasing constructional activities in the region, especially in China & India. The increasing production of automobile sector in Europe region has fuelled the demand for metal foam market.

Metal Foam Market: Competitive Space

The global metal foam market profiles key players such as:

  • Nanoshel
  • American Elements
  • Ultramet
  • AlCarbon
  • Shanxi Putai Aluminum Foam Manufacturing Co Ltd
  • Reade International Corp
  • Spectra-Mat
  • Erg Aerospace Corporation
  • Aluntam Corp
  • Bauer Cases, Inc
  • Cymat

The major policies implemented by these leading companies in the market are collaborations, mergers & acquisitions and new product development. These companies are focusing more on investment in innovations, partnerships, and expansions to increase their market share.

The global metal foam market is segmented as follows:

By Product

  • Open Cell
  • Closed Cell

By Material

  • Aluminum
  • Copper
  • Zinc
  • Titanium
  • Others

By End-Use

  • Automotive
  • Aerospace
  • Building & Construction
  • Healthcare
  • Energy
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Similar to the structure of foam in common materials like polystyrene or sponge, metal foam, often referred to as metallic foam or foam metal, is a lightweight material made of a solid metal matrix with linked gaps or pores scattered throughout. These voids, which can be micro- to macro-scale in size, drastically lower the material's density without compromising its structural integrity.

Lightweight materials are in high demand from sectors like automotive, aerospace, and transportation as a way to boost performance, cut emissions, and increase fuel efficiency. Due to their high strength-to-weight ratio and low density, metal foams are ideally suited to satisfy these needs, which will propel market expansion.

The global metal foam market size was worth around USD 86.21 million in 2023 and is predicted to grow to around USD 128.01 million by 2032.

The global metal foam market with a compound annual growth rate (CAGR) of roughly 4.49% between 2024 and 2032.

According to region, the revenue market share in 2018 was dominated by Asia-Pacific. This is explained by the region's rapidly urbanizing population, improving economic conditions, and rising disposable income. The market is anticipated to have additional growth during the projected years due to the rise in construction activity in the area, particularly in China and India. The market for metal foam is in high demand due to the region's growing auto industry production.

The Metal Foam market is highly associated with major players including Nanoshel, American Elements, Ultramet, AlCarbon, Shanxi Putai Aluminum Foam Manufacturing Co., Ltd., Reade International Corp., Spectra-Mat, Erg Aerospace Corporation, Aluntam Corp., Bauer Cases, Inc., and Cymat.

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