DUBLIN, October 14, 2021--(BUSINESS WIRE)--The "Metal Foams - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Metal Foams estimated at US$85.3 Million in the year 2020, is projected to reach a revised size of US$112.5 Million by 2027, growing at a CAGR of 4% over the analysis period 2020-2027.
Anti-intrusion Bars, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$40 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Heat Exchangers segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $23 Million, While China is Forecast to Grow at 6.6% CAGR
The Metal Foams market in the U.S. is estimated at US$23 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$22.9 Million by the year 2027 trailing a CAGR of 6.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Sound Absorbers Segment to Record 3.8% CAGR
In the global Sound Absorbers segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.3 Million in the year 2020 will reach a projected size of US$19.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$14.8 Million by the year 2027, while Latin America will expand at a 4% CAGR through the analysis period.
Select Competitors (Total 41 Featured):
Canada New Energy Materials Corporation
Cymat Technologies Ltd.
ERG Aerospace Corp.
Hunan Ted New Material Co. Ltd.
Shanghai Zhonghui foam Aluminum Co., Ltd.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Expanding Uses of Metal Foam in Various End-Use Sectors Drives Market Growth
Superior Properties of Metal Foam Augur Well for the Market
Energy Absorbers Leads the Global Metal Foam Market
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Lightweighting Capability Drives Demand for Metal Foam in Automotive and Aerospace Sectors
With Lightweighting Emerging as the Topmost Priority for Automakers, Demand for Metal Foam in Automotive Industry Positioned for Growth
Shift towards Lightweight Components in Aerospace Industry Augurs Well for Metal Foam Market
Composite Metal Foam: A Breakthrough Material for Aerospace Industry
Aluminum Foam: Rising Demand for Lightweight Materials in Automotive and Aerospace Sectors to Fuel Growth
Aluminum Foam Sandwich Structures: Playing a Role in Lightweighting in Defense and Transport Sectors
Cast Steel Foam Ensures Lightweight Strength
Composite Metal Foams: Unique Properties Present Opportunities to Expand Application Base
Metals Foams for Use in Biomedical Applications
Potential Applications of Metal Foam in Soft Robotics and Aeronautics
Metal Foams: Ideal for Absorbing Sound in High Temperature, High Pressure Environments
Innovations & Advancements
Active R&D Efforts Drive Advancements in Metal Foams Marketplace
Researcher Develops Advanced Composite Metal Foam (CMF) Material for Military Applications
Nanocoating Application Transforms Metal Foam into Explosion-Proof & Hard Material
German SME Develops Technique to Competitively Produce Metal Foam
University of Bath Researcher Develops New Nanoporous Metal Foam for Water Treatment
Study Finds Composite Metal Foam to Effective in Insulating Against High Heat Compared to Conventional Metals
Researchers Develop Wood-Metal Hybrid for Use in Lightweight Constructions
Metal Foam - An Introduction
Types of Metal Foam
Applications of Metal Foam
Production Methods of Metal Foam
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
For more information about this report visit https://www.researchandmarkets.com/r/5l0kk9
View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005534/en/
Laura Wood, Senior Press Manager
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