The global aluminum foam market is slated to progress at a CAGR of 4.4% between 2022 and 2030, reaching US$ 61.6 Mn by the year 2030. The Latest published a market study on Global Aluminum Foam Market Size, Share, Industry Report with data Tables, Pie Chart, high-level qualitative chapters & Graphs is available now to provide a complete assessment of the Market highlighting evolving trends, Measures taken up by players, current-to-future scenario analysis and growth factors validated with Viewpoints extracted via Industry experts and Consultants.
The Aluminum Foam Market report includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the industry.
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Main Points
- With a market share of more than 70% and superior strength than closed cell foam, open cell foam will continue to be the most popular option.
- The most lucrative end-use category, representing more than one-third of market value, is the automobile and transportation industry.
- The use of aluminium foam as a heat exchanger, energy absorber, and dampening structure accounts for 2/3 of the market value.
Due to the existence of a thriving automobile industry, East Asia will continue to be the largest location for aluminium foam, accounting for over 1/3 of value. - Together, Europe and North America will take in over 2/5 of the value, supported by strong demand for the production of automobiles and aircraft.
“Market players are focusing on adopting advanced technologies to ensure the production of superior quality aluminum foams with high strength,” remarks FMI analyst.
COVID-19 Impact
The outbreak of COVID-19 has brought operations in the automotive, aviation, and construction sectors to a screeching halt, thus leading to a downtrend in the demand for several raw materials, including aluminum foam. Moreover, the demand contraction can be attributed to decreased spending on non-essential goods and cost cuttings by end-users.
Furthermore, supply-side challenges such as unavailability of raw materials and supply chain disruptions on the back of government-imposed travel restrictions are hindering the production of aluminum foams. On these lines, the growth trajectory of the aluminum foam market will behold fluctuations during the pandemic and the revamp appears to be slow and delayed.
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Who is Winning?
Manufacturers of aluminum foam are enhancing their production technologies to improve the quality of end-products. Likewise, entering strategic partnerships has also been identified as a key growth strategy adopted by market players. On these lines,
- Beihai Composite Materials Co. produces aluminum foams specifically designed for sound reduction purposes.
- In December 2021, Cymat Technologies Ltd. entered a partnership with Spain-based Alucoil SA to produce aluminum composite panels with metallurgically-bonded aluminum foam cores.
Key Companies Profiled
- Beihai Composite Materials Co.,Ltd.
- Composite Materials Ltd.
- Cymat Technologies Ltd.
- American Elements Corporation
- ERG Aerospace Corp.
- Hollomet GmbH
- Pohltec Metalfoam GmbH
- VIM Technology Ltd
- Nanoshel LLC
- Aluinvent Ltd.
- Havel Metal Foam GmbH
Key Segments Covered In Aluminum Foam Industry Research
By Product Type
- Open Cell Foam
- Closed Cell Foam
- Others
By Application Type
- Energy Absorber
- Heat Exchanger
- Damping Structures
- Filtration
- Insulation
- Others
By End-use
- Automotive & Transportation
- Aerospace & Defense
- Building & Construction
- Chemical
- Other Industrial
By Region
- North America Aluminum Foam Market
- Latin America Aluminum Foam Market
- Europe Aluminum Foam Market
- East Asia Aluminum Foam Market
- South Asia Aluminum Foam Market
- Oceania Aluminum Foam Market
- Middle East & Africa (MEA) Aluminum Foam Market
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