Metal Foam Market - By Product (Open-cell, Closed-cell), By Material (Aluminum, Copper, Zinc, Titanium), By End-use Sector (Automotive, Aerospace, Building & Construction, Healthcare, Energy), By Region & Global Forecast, 2023 - 2032

Metal Foam Market - By Product (Open-cell, Closed-cell), By Material (Aluminum, Copper, Zinc, Titanium), By End-use Sector (Automotive, Aerospace, Building & Construction, Healthcare, Energy), By Region & Global Forecast, 2023 - 2032

The global metal foam market is expected to expand positively between 2023 and 2032 owing to the surging use of metal foams in the aerospace sector.

Soldering, bonding, and welding complications with metal foam are anticipated to challenge the market growth through the forecast period. Moreover, the energy-intensive and complicated production processes are slated to hinder industry expansion.

However, leading market players are investing in research and development activities to improve their product portfolio and offer the best-in-class solutions to customers. For instance, in November 2019, ERG launched its latest Industrial Centre for research and development facilities in Nevada, United States. The new establishment has assisted the business in diversifying its product line.

Overall, the metal foam market has been divided in terms of product, material, end-use sector, and region.

Based on material, the zinc segment is slated to grow at more than 4% CAGR from 2023 to 2032. The increasing demand for zinc will be driven by its expanding use in building and construction. Meanwhile, the titanium segment is also projected to flourish positively through the forecast period given its increasing preference among the aerospace sector leaders for a variety of uses.

Following a similar pattern, the others segment is estimated to attain high gains by the end of the research period. Numerous more metal foam materials, such as nickel, magnesium, cadmium, steel, gold, etc., are included in the others sector.

With respect to the end-use sector, the automotive segment is speculated to register steady growth over the review timeframe. There is a noticeable growth in the automobile industry across the globe, which is expected to drive the industry’s demand for metal foam. Similarly, the energy segment is also set to witness sizable growth through 2032. Metal foams are suitable for different energy applications because of their thermal, electrical, mechanical, as well as acoustic properties, which are further expected to foster segmental growth through the analysis timeframe.

From the regional perspective, the North America metal foam market is poised to experience an exponential expansion over the forecast years. The consumption of different products in the North America region will be boosted by rising healthcare spending. Following a similar trend, the metal foam market in the MEA region is set to grow at more than 2.5% CAGR from 2023 to 2032. The market will benefit from increased construction activity in the region.

Some of the key firms operating in the competitive metal foam market include Cymat, Spectra-Mat Inc., Aluntam Corp., Bauer Cases, Raede International Corp., Erg Aerospace Corporation, and more.