Metal Foam Market Analysis

Global Metal Foam Market Overview

Metal Foam Market Size was valued at USD 0.08 Billion in 2023. The metal foam industry is projected to grow from USD 0.09 Billion in 2024 to USD 0.115 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.63% during the forecast period (2024 - 2032). One of the main uses for metal foams is the production of medical devices. The increase in demand for these medical devices is a major market driver propelling the market. Additionally, expanding the use of metal foams in heat exchangers will accelerate market expansion.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Metal Foam Market Trends

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  Increased applications of metal foam are driving the market growth

  
  

One of the most important trends in the metal foam market is the increasing demand for lightweight materials across numerous end-use industries. Construction spending is rising in emerging countries due to rising per capita income, rising living standards, and growth of construction activity. The aforementioned occurrence will have a favorable impact on the metal foam market during the forecast period. The construction sector is booming in South Asian nations including India, China, Vietnam, and Indonesia, and the GDP growth rates for these countries are predicted to be between 5% and 7%.

It is predicted that the increasing use of metal foams across a range of end-user industries, including the expanding automotive and building and infrastructure sectors, will pave the way for market expansion. Additionally, expanding industries including those in building, aviation, and defense also contribute to increased market demand. The market for metal foam will continue to expand at a rapid clip because to the rising need for products that are resistant to water and high temperatures. The market for metal foam is anticipated to be driven by the materials' standout qualities, including electrical proficiency, thermal management, and shock-absorption capabilities. Aluminum foams are predicted to expand in popularity as a result of their high strength, lightweight, and toughness in the automotive and transportation sectors.

Another significant element influencing demand for metal foams, particularly aluminum foams, is sustainability. Foam-stabilizing chemicals are not used in the creation of aluminum foams, which are made from recycled resources. These elements contribute to the materials' affordability and environmental friendliness. The use of aluminium foams in more applications, such as wall cladding, lighting fixtures, terrazzo flooring, and showroom displays, is helping the worldwide metal foam market grow in terms of revenue.

Metal Foam Market Segment Insights

Metal Foam Material Insights

The metal foam market segmentation, based on material includes Aluminum, Copper, Nickel, and Zinc. The copper segment dominated the market. High energy resistance, strength, anti-corrosion, and strong conductivity are all characteristics of copper foam. There are several uses for this material because of its noise absorption and electromagnetic shielding. In pressure-reducing devices that make use of pressure gauges, it is primarily utilized as a buffering material. Additionally, it helps with thermal insulation, vibration absorption, and other useful materials. These characteristics should increase the demand for copper foam material.

Metal Foam Product Insights

The metal foam market segmentation, based on product, includes Closed Cell Metal Foam. The closed cell metal foam category generated the most income. Air and liquid can pass through closed-cell foams. The demand for closed cell foam is anticipated to be significantly influenced by high strength, enhanced coefficient of friction, and tear resistance. When compared to open cell foams, these cells have a wider range of capabilities. Since closed cell foams are more resilient and can tolerate greater pressure than open cell foams, their use is growing.

Metal Foam Application Insights

The metal foam market segmentation, based on application, includes store Heat Exchangers and Energy Absorbers. The heat exchangers category generated the most income. Metal foams are a useful material for heat-exchangers due to their high porosity and substantial specific surface area. In comparison to finned heat exchangers, foamed heat exchangers function better, and open cell metal foams are the optimum material for heat exchangers.

Metal Foam End-use Industry Insights

The metal foam market segmentation, based on end-use industry, includes Automotive, Bio-Medical and Marine. The automotive category generated the most income. Metal foams are becoming more popular because of their high performance and low weight in the production of lightweight automobiles. Another reason for the widespread use of metal foams in the automotive industry is concern over greenhouse gas (GHG) emissions. Transportation, particularly personal vehicles, is a major source of carbon dioxide emissions. Vehicle weight reduction has become more popular in the production of both large and small cars since it significantly cuts carbon dioxide emissions.

Figure 1: Metal Foam Market, by End-use Industry, 2022 & 2032 (USD Billion)                               

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Metal Foam Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific metal foam market area will dominate this market. The region's rapid expansion can be ascribed to the existence of significant market players like Alantum and Liaoning Rontec Advanced Material Technology Co. Additionally, rising metal foam utilization in the automotive sectors of many nations, particularly China, is boosting market revenue development.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: METAL FOAM MARKET SHARE BY REGION 2022 (USD Billion)                             

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's metal foam market accounts for the second-largest market share. Growing demand for light-weight automobiles in nations like the U.K., Germany, and France is assisting in the expansion of the European market's revenue. Due to the rising need for lightweight materials in the automotive manufacturing industries, Germany made up a larger portion of Europe. Further, the German metal foam market held the largest market share, and the UK metal foam market was the fastest growing market in the European region.

The North America Metal foam Market is expected to grow at the fastest CAGR from 2023 to 2032. The usage of these materials to replace or lessen the use of heavier materials in automobiles has increased as a result of government mandates to lower carbon emissions and improve fuel efficiency. Researchers from the National Aeronautics and Space Administration (NASA) have been investigating the use of different materials in engines, spacecraft, and linked applications. Moreover, US metal foam market held the largest market share, and the Canada metal foam market was the fastest growing market in the region.

Metal Foam Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the metal foam market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, metal foam industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  metal foam industry to benefit clients and increase the market sector. In recent years, the metal foam industry has offered some of the most significant advantages to market. Major players in the metal foam market attempting to increase market demand by investing in research and development operations include ERG Aerospace Corporation (US), Aluminum King Co. Ltd (China), CYMAT Technologies Ltd. (Canada), Alantum (South Korea), Ultramet (US), Mott Corporation (US), Mayser GmbH & Co. KG (Germany), Liaoning Rontec Advanced Material Technology Co. Ltd. (China) and Shanxi Putai Aluminum Foam Manufacturing Co. Ltd. (China).

Cymat Technologies Ltd. is a cutting-edge materials technology business committed to providing unique stabilised aluminium foam solutions for our clients and partners across the world. Through patents and licences, Cymat has the exclusive right to produce distinctive Stabilized Aluminium Foam (or "SAF") around the world. A patented procedure that involves injecting gas into molten alloyed aluminium that contains a dispersion of small ceramic particles is used to create this ultra-light metallic foam. In July 2021, an agreement was formed by Canadian business Cymat Technologies Ltd. and American company ADI Technologies Incorporated to improve access to the American defence sector. This agreement stated that ADI would pursue contracts from the U.S. Military for Cymat's products made of stabilized aluminium foam. The goal of this arrangement is to upgrade Cymat's military initiatives and improve access to pertinent vehicle programmes.

The Mott Corporation is one of the top businesses in the world for establishing new benchmarks for "normal" in the fields of sustainable energy, space exploration, medicine, and computing power. Products made of porous metal are produced by Mott Corporation. Precision filters and fluid control equipment are available from the company for aeration, carbonation, diffusion, particulate flotation, sampling, and wicking. Customers in the US are served by Mott. It meticulously engineers filters and solutions for fluid flow as the only filtration brand that provides comprehensive service and unique products across all markets. It uses cutting-edge technology to build highly engineered items specifically for you while combining design knowledge for countless applications.

Key Companies in the metal foam market include

• ERG Aerospace Corporation (US)


• Aluminum King Co. Ltd (China)


• CYMAT Technologies Ltd. (Canada)


• Alantum (South Korea)


• Ultramet (US)


• Mott Corporation (US)


• Mayser GmbH & Co. KG (Germany)


• Liaoning Rontec Advanced Material Technology Co. Ltd. (China)


• Shanxi Putai Aluminum Foam Manufacturing Co. Ltd. (China)

Metal Foam Industry Developments

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.

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.

Metal Foam Market Segmentation

Metal Foam Material Outlook (USD Billion, 2018-2032)

• Aluminum


• Copper


• Nickel


• Zinc

Metal Foam Product Outlook (USD Billion, 2018-2032)

• Closed Cell Metal Foam

Metal Foam Application Outlook (USD Billion, 2018-2032)

• Heat Exchangers


• Energy Absorbers

Metal Foam End-use Industry Outlook (USD Billion, 2018-2032)

• Automotive


• Bio-Medical


• Marine

Metal Foam Regional Outlook (USD Billion, 2018-2032)

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America