There is now a report available on the size, industry, and industry share of the global aluminium foam market. There are graphs, pie charts, high-level qualitative chapters, and data tables in it. It offers a complete study of the market and highlights changing trends, player behaviour, a current-to-future scenario analysis, and growth determinants that are backed by insights from consultants and experts in the field.
The study on the market for aluminium foam includes data from the past, current, and projected market trends, environmental concerns, new technology advancements, and technical advancements in the sector. Between 2022 and 2030, the market for aluminium foam is projected to grow at a CAGR of 4.4% and reach US$ 61.6 million. Growing demand for lightweight materials in the automotive industry to improve fuel efficiency economy and cut emissions, according to the report.
For More Insights on this Market, Get A Sample Report https://www.futuremarketinsights.com/reports/sample/rep-gb-8402
Geographically, North America is predicted to dominate the global porous aluminium market for the foreseeable future. The increasing use of aluminium foam in the aerospace and defence industries, as well as the existence of prominent players in the space, are expected to fuel market growth. Asia-Pacific is expected to increase significantly in the next years, spurred by the region’s expanding automobile and construction industries.
Overall, rising demand for strong and lightweight materials across a variety of industries is expected to propel the worldwide aluminium foam market towards significant growth in the upcoming years.
Key Takeaways
- Aluminum foam is expected to pick up the pace due to its high thermal conductivity, immense crush strength, and low density acting against corrosion and being lightweight. Furthermore, the recyclability of aluminum plays a crucial role in the production of aluminum foams.
- Reducing the weight of vehicles can attain cost efficiency along with passenger safety is the first priority for OEMs. Surging demand for electrical vehicles which are lightweight is expected to bolster the growth of the aluminum foam market in the years to come.
- The rise in urbanization has compelled the construction industry to undergo some commendable technological changes in the last few years. The construction market seems to evolve at a rapid pace owing to surging technological advancements which have led to the higher usage of aluminum foam in infrastructure development.
- New advances have taken place in the market to improve the quality of aluminum foams inducing higher strength. Backed by several impressive properties like shock wave attenuation, high stiffness, vibration damping, high crush energy, and thermal & sound insulation, the aluminum foam market is anticipated to prosper over the forecast period.
- The automotive industry and transportation sector are expected to witness an opulent increase of 142 basis points owing to the growing use of aluminum foams for manufacturing automobiles.
- East Asia is anticipated to account for 1/3rd of the market share by value in the year 2030 and is likely to create significant incremental opportunities during the forecast period.
Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-8402
More Insights into the Aluminum Foam Market
- East Asia is anticipated to dominate the global aluminum foam market by accounting for a significant market share. The demand is majorly driven by a rise in light commercial vehicles and fuel-efficient passenger vehicles. In addition to that, the presence of a large number of manufacturers in the region is likely to boost the aluminum foam market.
- Expansion of the automotive industry and a hike in the recyclability rate are important factors that are likely to augment the growth of the aluminum foam market in the North American region. There is a higher usage of aluminum foam in more populated regions owing to the need for urban infrastructure and housing facilities.
- European countries consist of larger aircraft capacities which are likely to drive the demand for aluminum foam as aluminum foams are used for designing the wings, blades, heat exchangers, battery plates, etc. due to them being lightweight, cost-effective, and heat & fire resistant.
- The surge in high potential markets and easy availability of raw materials has led to many automotive manufacturers from North America and Europe setting up their manufacturing plants in South Asia. This is likely to increase the market demand for aluminum foams in the region.
Request for TOC @ https://www.futuremarketinsights.com/toc/rep-gb-8402
Competitive Landscape
The aluminum foam market has its top players accounting for 80-90% of the global production. The key players operating in the market are focusing on attracting substantial portion of consumer base by offering aluminum foam to cater to wide applications and focus on research to enhance their product offerings.
Key Players:
- Beihai Composite Materials Co.,Ltd.
- Composite Materials Ltd.
- Cymat Technologies Ltd.
- American Elements Corporation
- ERG Aerospace Corp.
- Hollomet GmbH
- Pohltec Metalfoam 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
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
