The global metal foam market is expected to reach USD 114.9 million by 2023

BUFFALO, N.Y. - Oct. 4, 2017 - PRLog -- The global metal foam market was valued at USD 80.3 million in 2016, is expected to reach USD 114.9 million by 2023, growing at a CAGR of 5.3% from 2017 to 2023.

The key factor driving the growth of the global metal foam market is the increasing application of metal foams in different industries owed to the superior properties of metal foam over conventional materials. Additionally, the metal foams provide high strength with low weight when compared to the standard metals, hence is used to manufacture low weight automotive parts. Moreover, the application of metal foams in heat exchangers is expected to further drive the market growth. The ongoing trend in metal foam market is the increasing adoption of metal foam in Asia-Pacific region. The increasing application of metal foam in automotive sector provides the opportunity in this market, in the form of anti-intrusion bars used in public vehicles and passenger cars to safeguard passengers from side impacts owed to its role in absorbing the kinetic energy of colliding vehicles.


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In 2016, anti-intrusion bars held the major market share of the global metal foam market in application segment. On the basis of material type, aluminum foam held the largest market share and is forecasted to sustain its dominance, during the forecast period. The automotive industry is expected to hold the largest market share in the end-use segment.

Geographically, Asia-Pacific is anticipated to hold a major share of the metal foam market by the end of forecast period. The market size of Asia-Pacific region is attributed to the rising disposable income of the population in the region and increased focus toward purchasing automobiles.