DUBLIN, October 14, 2021– (COMMERCIAL THREAD)–The “Metallic Foams – Global Market Trajectory and Analysis” report was added to ResearchAndMarkets.com offer.
Amid the COVID-19 crisis, the global metal foams market estimated at US $ 85.3 million in 2020 is expected to reach a revised size of US $ 112.5 million by 2027, growing to a 4% CAGR over the 2020-2027 analysis period.
Burglar bars, one of the segments analyzed in the report, is expected to register a CAGR of 4.5% and reach US $ 40 million by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the heat exchanger segment is readjusted to a revised CAGR of 4% for the next 7 year period.
The US market is estimated at $ 23 million, while China is expected to grow at 6.6% CAGR
The metallic foams market in the United States is estimated at US $ 23 million in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 22.9 million by 2027, with a CAGR 6.6% during the analysis period 2020 to 2027. Other notable geographies include Japan and Canada, each forecasting growth of 2.3% and 3.2% respectively during the period 2020-2027. In Europe, Germany is expected to grow at a CAGR of around 3%.
Sound absorbers segment to register 3.8% CAGR
In the global sound absorber segment, the United States, Canada, Japan, China and Europe will lead the estimated 3.6% CAGR for this segment. These regional markets representing a combined market size of US $ 15.3 million in 2020 will grow to a projected size of US $ 19.6 million by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 14.8 million by 2027, while Latin America will grow at a CAGR by 4% during the analysis period.
Some competitors (in total 41 featured):
Canadian New Energy Materials Society
Cymat Technologies Ltd.
ERG Aerospace Corp.
Hunan Ted New Material Co. Ltd.
Shanghai Zhonghui Aluminum Foam Co., Ltd.
Main topics covered:
1. MARKET OVERVIEW
Overview of the influencer market
Global market trajectories
Expansion of Uses of Metal Foam in Various End Use Sectors Drives Market Growth
Superior properties of Augur Well metal foam for the market
Energy Absorbers Dominates Global Metal Foam Market
Impact of Covid-19 and an impending global recession
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
Weight reduction capacity drives demand for metal foam in automotive and aerospace industries
With weight reduction becoming the top priority for automakers, demand for foamed metal in the automotive industry is positioned for growth
The transition to lightweight components in the aerospace industry bodes well for the metal foam market
Composite metal foam: a revolutionary material for the aerospace industry
Aluminum Foam: Growing Demand for Lightweight Materials in Automotive and Aerospace Sectors to Fuel Growth
Aluminum foam sandwich structures: playing a role in weight reduction in the defense and transport sectors
Molded steel foam provides lightweight strength
Composite metal foams: unique properties offer opportunities to broaden the application base
Metal foams for use in biomedical applications
Potential applications of metallic foam in soft robotics and aeronautics
Metal foams: ideal for absorbing sound in high temperature and high pressure environments
Innovations and advances
Active R&D efforts drive progress in metal foams market
Researcher Develops Advanced Metal Foam (CMF) Composite Material for Military Applications
The application of nanocoating turns the metallic foam into an explosion resistant and hard material
German SME develops technique to competitively produce metal foam
University of Bath researcher develops new nanoporous metal foam for water treatment
Study Finds Composite Metal Foam Is Effective For High Heat Insulation Compared To Conventional Metals
Researchers Develop Wood-Metal Hybrid For Use In Lightweight Construction
Metallic Foam – An Introduction
Types of metal foam
Applications of metal foam
Metal foam production methods
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
THE REST OF EUROPE
REST OF ASIA PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
For more information on this report, visit https://www.researchandmarkets.com/r/5l0kk9
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211014005534/en/
Laura Wood, Senior Press Director
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