MarketResearch.biz delivers in-depth insights on the global metal foam market in its upcoming report titled, “Global Metal Foam Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global metal foam market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The metal foam market report has been segmented on the basis of material, application, and region.
Metal foam is a cellular structure made up of a solid metal containing a large volume of gas-filled pores. These pores can be sealed i.e. closed-cell foam, or they can be an interconnected i.e. open-cell foam. The open-cell foam is referred to as porous metal, while the closed-cell foam is referred as metal foam.
On the basis of type, aluminum segment is estimated to hold major revenue share in the global metal foam market and is expected to maintain its dominance over the forecast period. These type of metal forms are used in automobile industry owing to properties such as reforming assembling simplicity, possibility in manufacturing and service lifecycle stages, high formability, recycling compatibility, broad hardening ability, low cost, easy availability, high impact resistance, and versatility.
On the basis of application, automotive application segment is estimated to hold major revenue share in global metal foam market over the forecast period. Growing demand for automobiles owing to increasing disposable income of the people and rising population is anticipated to propel market growth. Metal foams are used in bumpers and anti-intrusion bars in vehicles. These metal foams are light in weight and provide stiffness and strength. Low weight property of metal foam helps the automobile manufacturers to reduce the weight of vehicle which in turn improves the performance of the vehicle.
North America market is estimated to hold significant revenue share in the global metal foam market, in 2017 and is expected to maintain its dominance over the forecast period. Presence of large number of automobile manufacturers in the region is anticipated to fuel market growth over the forecast period. North America accounts for largest revenue share contribution of the target market, followed by markets in Asia Pacific, Europe, Latin America, and Middle East & Africa respectively. Growth in various end-user industries such as automotive, construction & infrastructure, aerospace, and medical is anticipated to drive market growth in the next ten years. Moreover, growing demand for light commercial fuel-efficient vehicles is expected to drive market growth in the region over the forecast period.
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