Title: Metal Foam Market 2021 Growth Analysis by Manufacturers, Size, Historic Growth, Trends, Strategies, Forecast By 2027
1 Metal Foam Market Insights, Top Manufacturers
Analysis, Trend And Demand 2027
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2Global Market Scenario of Metal Foam Industry
- As per Global Market Insights, Inc. estimates,
the global metal foam market size is expected to
surpass 96.5 million by 2027 - Robust demand for lightweight and high-strength
machinery in the aerospace industry will give the
global metal foam market size a significant boost
over the forecast spell. Rapid urbanization and
rising spending power of consumers across the
globe have resulted in an increased demand for
air travel, owing to high convenience and minimum
travel time. This has, in turn, boosted the
adoption of energy absorbers and heat exchangers
that use metal foams sandwich to produce heat
exchangers. - As compared to other types of metal foams as well
as traditional fin heat exchangers, aluminum
metal foam heat exchangers can provide highly
effective cooling. The product has also been
gaining widespread adoption in multiple aerospace
components including cryogenic tank, flame
arrester, filter, acoustics, CO2 scrubber,
baffle, and air oil separate. These escalating
metal foam applications in the aerospace sector
will contribute to the rising product popularity
in years ahead.
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3Continue-
- How will low stiffness of titanium foams
contribute to the growth of metal foam industry? - In terms of segmentation by product, the global
metal foam market is classified into open-cell
and closed-cell segments. Of these, the open-cell
segment accounted for a major volume share in
2020 and is poised to depict a CAGR of more than
5 through 2027. The open-cell foam is used as a
porous metal, while the closed-cell foam is
adopted as a metal foam. The holes of the
open-cell foam vary in size as per the desired
application. - On the basis of material, the aluminum and
titanium segments collectively held a volume
share of over 60 in 2020. The cellular porous
structure of metal foam is fabricated from
aluminum, copper, titanium, zinc, and other sold
metals, along with a large part of gas-filled
pores. Furthermore, the titanium segment is
slated to exhibit a CAGR of more than 4.5
through 2027, owing to its myriad benefits such
as low stiffness, thereby avoiding bone
resorption and subsequent loosening of the
implant. It is a low-density, permeable material
with a high porosity, with 75-95 of its volume
typically consisting of void spaces.
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5360 Industry Analysis
- Will high foam usage in aerospace applications
bolster the metal foam industry forecast? - With regards to the application spectrum, the
global metal foam market from the aerospace
segment accounted for a market share of above 10
in 2020 and is projected to amass hefty profits
over the foreseeable future. The rapid product
adoption in the aerospace industry can also be
credited to its capability to protect the
material against vibration, noise, heat, and
radiation, alongside its good energy absorption
characteristics. Furthermore, the product shows
widespread application potential in building
construction, automotive, energy, healthcare, as
well as other end-use sectors including railway,
marine, and goods, among others. - However, high prices associated with the
production of metal foams may create hindrance in
the industry expansion in years to come, as they
need several chemicals, machines, and other
accessories, along with trained professionals. -
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6- Competitive Analysis
- Nanoshel, American Elements, Cnem Corporation,
Bauer Cases, AlCarbon, Aluntam Corp, IWE
Greifswald, Spectra-Mat, Inc., Erg Aerospace
Corporation, Ultramet are some of the key players
operating in the Metal Foam Market .
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