North America Metal Foam Market, By Type (Closed Cell Metal Foam, Open Cell Metal Foam and Stochastic Metal Foam), Material (Aluminum, Copper, Zinc, Titanium, Fecral, NiCr and Others), Production Technology (Blowing Agents, Gas Injection, Solid-Gas Eutectic Solidification, Powder Compact, Ingots Containing Blowing Agent, Space Holder and Others), Metal Form (Melt and Powder), Application (Energy Absorption, Energy Management, Thermal Management, Exhaust System, Low-Pressure Exhaust Gas Recirculation For Gasoline Engines (LP EGR), Compact Exhaust Heat Recovery System (EHRS) and Others), End-User (Automotive, Aerospace, Marine, Energy, Consumer Goods and Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2027
Metal foam market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.0% in the forecast period of 2020 to 2027 and is expected to reach USD 42,917.10 thousand by 2027.
North America metal foam market is dominating due to the increasing use of aluminum metal foam in the U.S. and Canada for aerospace manufacturing which has boosted the demand of aluminium in the market. On the other hand, the development of the metal foam requires huge cost of product due to various processes and machines are needed for the development which would act as the restraint for the metal foam market.
This Metal Foam Market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America metal foam market is segmented on the basis of type, material, production technology, metal form, application and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the market is segmented into closed cell metal foam, open cell metal foam and stochastic metal foam. In 2020, the consumption of luxurious car and manufacturing of aeroplanes has been increased substantially which makes the open cell metal foam segment dominating in the region.
- On the basis of material, the market is segmented aluminum, copper, zinc, titanium, fecral, NiCr and others. In 2020, the increasing use of aluminum metal foam in the U.S. and Canada for aerospace manufacturing has boosted the demand of aluminium segment in the market.
- On the basis of production technology, the market is segmented into blowing agents, gas injection, solid-gas eutectic solidification, powder compact, ingots containing blowing agent, space holder and others. In 2020, the gas injection segment is dominating as there is an increase in the awareness towards the heat resistance products and also the demand of automobile has been increased very rapidly in the region.
- On the basis of metal form, the market is segmented into melt and powder. In 2020, the major automotive manufacturing in the U.S. increases the demand of melt foam in the region.
- On the basis of application, the market is segmented into energy absorption, energy management, thermal management, exhaust system, low-pressure exhaust gas recirculation for gasoline engines (LP EGR), compact exhaust heat recovery system (EHRS) and others. In 2020, reduced heat resistant for the automotive industry has increased the demand of energy absorption segment in the region.
- On the basis of end-user, the market is segmented into automotive, aerospace, marine, energy, consumer goods and others. In 2020, the consumption of luxurious car and manufacturing of aeroplanes has been increased substantially which surge the automotive segment in the region.
Metal Foam Market Country Level Analysis
Metal foam market is analysed and market size information is provided by country, type, material, production technology, metal form, application and end-user as referenced above.
The countries covered in the metal foam market report are the U.S., Canada and Mexico in North America.
North America metal foam market is dominating because of the consumption of automotive and luxurious cars and the manufacturing of aeroplanes has increased the demand of the aluminum in the metal foam industry in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Demand for Lightweight Materials in Automobiles in the Metal Foam Industry
North America metal foam market also provides you with detailed market analysis for every country growth in installed base of different kind of products for metal foam market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the metal foam market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Metal Foam Market Share Analysis
North America metal foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to metal foam market.
The major players covered in the report are CYMAT Technologies Ltd., Cnem Corporation, American Elements, RVC Foams, Ultramet, ERG Aerospace Corp., SELEE CORPORATION, Alantum Corporation, Mayser GmbH & Co. KG, Spectra-Mat, Inc., Goodfellow, and BASF SE among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of metal foam market.
- In January 2019, Mayser GmbH & Co. KG has announced that the organization has participated in the Kipsala International Exhibition Centre, located in Riga, Latvia, from 29th November to 1st December. This upgrade also allowed the organization to demonstrate case for its drug, which has helped the company to drive sales in the immediate future in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for metal foam through expanded range of size.
Customization Available: North America Metal foam Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.