The global metal foams market is anticipated to grow at a considerable CAGR of around 5.4% during the forecast period (2021-2027). One of the major factors that drive the market growth of the global metal foam market includes the increasing investments by automotive companies in hybrid and electric cars to rise the demand for metal foams. The demand is increasing due to its properties such as lightweight, metal foam is low-cost as compared to other materials, increase sound damping, and its thermal conductivity is low. Mostly, the metal foam is used in car bumpers for shock absorption during collisions. Metal foam offers an effective and consistent way to reduce the impact of massive collisions and save lives. As per the World Health Organization (WHO), around 1.35 million people pass away every year due to road accidents. Increasing cases of road mortalities will support metal foam adoption in the automotive sector and boost the metal foam market.
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For Instance, In January 2020, Havel metal foam GmbH expected the Brandenburg Innovation Award. This expansion supports the firm to expand its existence as well as build acknowledgement in the metal foam market which will benefit to surge revenue in the future. Partnership, joint ventures, and other strategies enhance the firm market share with increased exposure and existence. It also offers the benefit for the organization to improve their contribution to metal foam through an expanded range of sizes.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment –
· By Product type
· By Material
· By Application
· By End-User
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape – American Elements, Alantum Corp., AluinventZrt, Alveotec, Armacell International SA, BASF SE, CVMR Corp.
Key questions addressed by the report
· What is the market growth rate?
· Which segment and region dominate the market in the base year?
· Which segment and region will project the fastest growth in the market?
· How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
· Who is the leader in the market?
· How are players addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Metal Foams Market is Available at: https://www.omrglobal.com/industry-reports/metal-foam-market
Global Metal Foams Market
By Product type
· Closed Cell Metal Foams
· Open Cell Metal Foams
· Stochastic Metal Foam
By Material
· Aluminum Foams
· Magnesium Foams
· Nickel Foams
· Copper Foams
· Others
By Application
· Anti-Intrusion Bars
· Heat Exchangers
· Sound Absorbers
· Electro-Chemical Application
· Medical Laser Application
By End-User
· Transportation
· Automotive Industry
· Aerospace Industry
· Railways
· Construction Industry
· Biomedical Industry
· Consumer Goods Industry
· Others (Military)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
