New York, United States , Nov. 23, 2023 (GLOBE NEWSWIRE) -- The Global Aluminium Foam Market Size to Grow from USD 4.4 Billion in 2022 to USD 7.1 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period.
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Aluminum foam is made of the metal and is both lightweight and porous. It features a cellular structure and interconnecting areas, which endow it with unique properties and allow for a variety of applications. Aluminum foam is typically produced using foamable aluminum as a precursor material, which is subsequently put through a foaming process. Because it is far lighter than solid aluminum, aluminum foam is advantageous in weight-sensitive applications where strength is still required.
Browse key industry insights spread across 200 pages with 110 market data tables and figures & charts from the report on "Global Aluminum Foam Market Size, Share, and COVID-19 Impact By Product (Open Cells, Open Cells), By Application (Energy Absorbers, Filtration, Heat Exchanger), By End-User (Automotive, Aerospace, Defense), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032
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Product Insights
Open Cell segment is dominating the market over the forecast period
On the basis of product, the global aluminum foam market is segmented into open cells and open cells. Among these, open cell segment is dominating the market over the forecast period. As open-cell aluminum foam is so light, it is suitable for applications like aerospace parts and automobile constructions where weight reduction is important. Its strength relative to weight is one of its key selling factors. The open-cell construction enables excellent energy absorption and dissipation. This property is helpful in crash management systems for autos, protective apparel, impact-absorbing packaging, and other safety applications. The open-cell structure can be tailored to fit certain requirements by adjusting cell size, density, and other elements. Due to the customizability, a wide range of applications across different industries are conceivable.
Application Insights
Filtration segment holds the highest market share over the forecast period
Based on application, the global aluminum foam market is segmented into energy absorbers, filtration, heat exchanger, sound insulation, and others. Among these, filtration segment holds the highest market share over the forecast period. Aluminum foam's open-cell structure provides a substantial surface area, which is advantageous for filtration applications. The increased surface area's ability to effectively capture particles makes it ideal for both solid and gas filtration. Aluminum foam's light weight makes it useful for portable or mobile filtering systems. It permits simple handling and installation in a variety of industrial and environmental situations. The growth of industries including water treatment, air purification, and industrial filtration has increased the demand for new and efficient filtering materials, which could result in an increase in the use of aluminum foam.
End User Insights
Automotive segment dominates the market with the largest market share over the forecast period
On the basis of end user, the global aluminum foam market is segmented into automotive, aerospace and defense, building and construction, and others. Among these, automotive segment dominates the market with the largest market share over the forecast period. The automotive sector is always seeking for ways to lighten vehicles in order to improve fuel efficiency and reduce pollution. Because it is far lighter than solid metal and many other traditional materials, metal foam makes a fantastic choice for lightweighting projects. Aluminum foam's capacity to absorb energy makes it valuable in crash management systems. It can be used for structures that absorb impact, especially those that are essential for safety like bumpers, crash boxes, and other structural components. In vehicles with internal combustion engines, electric and hybrid vehicles, and both, effective heat management is crucial. Automakers may experiment with creative ways to improve the performance, safety, and look of their vehicles thanks to aluminum foam's versatility.
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Asia Pacific region holds the highest market share over the forecast period
Asia Pacific region holds the highest market share over the forecast period. The demand for lightweight and cutting-edge materials like aluminum foam has increased as a result of the substantial industrialization and economic growth that APAC has experienced in sectors like construction, electronics, automotive, and aerospace. The automotive industry is a big contributor to the region's need for aluminum foam given that numerous APAC countries are significant auto makers. The focus on fuel efficiency and vehicle safety is likely behind the introduction of lightweight materials like aluminum foam. Particularly, there has been a substantial amount of infrastructure construction in the rapidly rising APAC economies. Due to its benefits as a lightweight building material and sound absorber, aluminum foam is a popular choice for architectural applications.
North America is witnessing the fastest market growth over the forecast period. North America has a thriving automobile and aerospace sectors. Due to the emphasis on lightweighting in many industries to improve overall performance and fuel efficiency, especially in the development of innovative components and structures, aluminum foam holds potential. Growing environmental consciousness in North America has led to an increase in interest in lightweight materials that can reduce carbon emissions. The potential of aluminum foam to assist in weight reduction in a range of applications is consistent with sustainability goals.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the Companies Covered: market. Aluinvent Zrt, CYMAT Technologies Ltd, Reade International Corp, ERG Aerospace Corp, Kymera International, Havel metal foam GmbH, American Elements And other key venders
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Recent Market Developments
- In April 2022, the capacity of CYMAT Technologies' plants will be increased, according to the company's announcement. For the production of efficient products, the corporation also implemented new technology deployment and automation.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Aluminum Foam Market based on the below-mentioned segments:
Aluminum Foam Market, Type Analysis
- Cellulose Nanofibers
- Bacterial Cellulose
- Crystalline Aluminum Foam
Aluminum Foam Market, Application Analysis
- Pulp & Paper
- Composites Manufacturing
- Paints & Coatings
- Electronics Sensors
- Food and Beverage
- Biomedical & Pharmaceuticals
- Composites
- Others
Aluminum Foam Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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