Metal Foams Market to Expand with Significant CAGR During 2025
Consisting
of solid metal, a metal foam is a cellular structure with gas filled
pores containing a large portion of the volume. These pores can be
either interconnected (open-cell foam) or sealed (closed-cell foam).
Only 5% to 25% of the volume of metal foam is base metal. Its high
porosity makes it ultra-light material and this material gets the
strength of from square-cube law. Metal foams can be made using
materials such as tantalum, titanium, and aluminum.
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Metal
foams are manufactured by creating air bubbles in the metallic melts.
Due to high buoyancy forces these air bubbles tend to rise to the
surface in the high-density liquid. This can be prevented by
increasing the viscosity of molten metal. Metal foam finds its
application in the manufacturing of vehicle parts, vessels, and
components in machines. However, its application in automobile
industry is gaining popularity as it provides a high strength
structure with less weight. Using metal foams in vehicle parts
reduces vibration and noise, increases stiffness, and absorbs impact
energy, thus ensuring the vehicle performs well on road.
The
closed-cell foams find their applications in structures that require
load bearing features. They are also used for manufacturing of
impact-absorbing and weight-saving structures in vehicles. Whereas,
the open-cell foams are used for sound and vibration absorption
applications. These are also used for filtration and catalysis for
heat exchange. Furthermore they used in manufacturing of medical
devices.
New
research studies are favor of the use of titanium and tantalum alloys
bone implant materials due to their biocompatibility and suitable
physical properties. It is important to note that several research
are underway to find new applications of metal foams and new types of
metal foams. For instance, in November 2015, researchers at ETH
Zurich, Switzerland have created an ultra-light foam from gold, which
could be used in applications demanding low weight and high strength
applications. The research and development in the field of metal foam
is expected to create various new applications for metal foams, thus
creating an environment conducive to the growth of the global metal
foams market.
A
metal foam is a cellular structure consisting of a solid metal with
gas-filled pores present over a large portion of the volume. The
pores are sealed or interconnected depending on the method of
production. The metals that are used to make metal foams include
aluminum, titanium, and tantalum. Metal foams have many unique
properties that make them an attractive material for components in
machines, vessels, and other vehicles, mass products found primarily
in cars – car body elements absorbing impact energy, increasing
stiffness, and improving the comfort of usage by reducing vibration
and noise.
In
terms of method, the metal foams market can be divided into powder
metallurgy, electro chemical deposition, vacuum vaporization, and
casting method. In 2016, the powder metallurgy segment accounted for
a significant share in the global metal foams market due to high
yield and superior quality of the end product. The low production
cost is estimated to drive the powder metallurgy segment of the metal
foams market during the forecast period. Increasing demand for metal
foams in end-use industries such as automotive, aerospace,
construction, etc., is anticipated to boost the demand for metal
foams.
In
terms of end-use, the metal foams market can be segmented into
automotive, aerospace, construction, Industrial, and consumer goods.
In 2016, the automotive end-use industry segment held a significant
share in the global metal foams market due to rising application of
metal foams in the automotive industry. The major application of
metal foams in the automotive industry is to reduce vibration and
noise. In the construction industry, metal foams are employed to
absorb sound.
In
terms of region, the global metal foams market can be segmented into
Asia Pacific, North America, Europe, Middle East & Africa, and
Latin America. Asia Pacific was a major market for metal foams in
2016. It is estimated to expand due to the rising number of end-use
industries in the region. Increasing demand for metal foams in the
automotive sector is also likely to drive the market in Asia Pacific
during the forecast period. The U.S. and China are likely to account
for major shares in the metal foams market in North America and Asia
Pacific, respectively, due to the evolution in fabrication in these
countries. The global market is anticipated to witness a shift from
developed countries to the developing economies of Asia due to
expansion in the construction sector in the region. China and India
are projected to register a high growth rate in the metal foams
market due to the advancements in the end-use sectors, technological
developments, and wide expansion in application range in these
countries. This, in turn, is anticipated to create a significant
demand for metal foams in Asia Pacific during the forecast period.
The
global demand for metal foams is anticipated to rise significantly in
the near future, offering immense growth opportunities for the
market. The rapid rise in demand for this product in end-use
applications, its competitive manufacturing costs, and the high
economic growth rates are key factors propelling the metal foams
market in Asia Pacific and attracting companies to adopt expansion
and R&D strategies in the region. Market players are focusing on
Asia Pacific to gain substantial market share. Producers of metal
foams have been compelled to adopt expansion and acquisition
strategies to meet the global demand. Several producers are shifting
their plants to China and India due to the high demand and low raw
material & labor costs in these countries. The developments in
various end-use sectors in the region are predicted to fuel the need
for metal foams during the forecast period.
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Key
players operating in the global market include BASF SE, Evonik
Industries, Rogers Corporation, SABIC Innovative Plastics, Armacell
International, Stylepark AG, and Alantum.
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