Aluminum Foams Market: Overview
Aluminumfoams are a type of metal foams which consist of solid metal and gas. Aluminumfoams are highly durable, lightweight, and have high surface area. These foamsare manufactured using advanced metal powder processing or direct foaming ofaluminum alloy melts. Aluminum foams are widely used in various end-useindustries such as automotive, aerospace, marine, furniture, building &construction, and engineering. Aluminum foams are widely used in passenger carsfor energy absorption and insulation purpose. Aluminum foams arelightweight in nature and thus, used as sandwich panels or sheets in aerospaceindustry. They are also used in heat exchangers, filters, and heat shields inengineering applications. These foams are employed in house hold accessoriessuch as furniture and lamps. Aluminum foams are also utilized in the building& construction industry, as they have high thermal insulation and highsound absorbing properties and have fire penetration resistance.
Aluminum Foams Market: Trends & Demands
Rise indemand for lightweight foams with high electrical and thermal conductivity,high corrosion resistance, and high porosity in the automotive industry isdriving the globalaluminum foams market. Increasing demand for fuel efficient passengercars across the globe encourage OEMs to curb automotive pollution and utilizelightweight porous metallic materials in the body frame to increase fuelefficiency. These factors are expected to boost the global aluminum foamsmarket during the forecast period. High production cost and increase inemphasis on maintaining product quality are expected to restrain the aluminumfoams market during the forecast period. Rise in application of aluminum foamsin aerospace, industrial, and building & construction industries isexpected to provide lucrative opportunities to aluminum foams manufacturers.
Aluminum Foams Market: Segmentation
The globalaluminum foams market can be divided in terms of type, technology, and region.Based on type, the aluminum foams market can be bifurcated into open cellstructures and closed cell structures. Open cell structure-based aluminum foamshave open pores and are evenly spaced with a 3D honeycomb structure. Closedcell structure-based aluminum foams have uniform and regular matrix with highlypermeable and porous structure. In terms of technology, the aluminum foamsmarket can be segregated into powder-metallurgy (PM), molten-metal foaming,sputter deposition, and metallic deposition. Demand for PM-based aluminum foamsis increasing in the aluminum foams market due to rise in demand for highpurity aluminum foams.
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Aluminum Foams Market: Regional Outlook
Based onregion, the global aluminum foams market can be classified into North America,Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacificdominates the global aluminum foams market due to the rise in demand for lightcommercial vehicles and fuel efficient passenger cars. Demand for aluminumfoams in developing economies of Asia Pacific such as China, India, and ASEANis expected to rise significantly during the forecast period. This is primarilydue to its characteristic features such as high impact resistance, highformability, easy availability, low cost, and recycling compatibility.Implementation of stringent emission standards in the U.S. and countries inEurope is expected to boost the demand for aluminum foams in these regions.Rise in demand for lightweight automotive materials and increase in constructionactivities in Latin America and Middle East & Africa are expected to fuelthe demand for aluminum foams during the forecast period. High production costand heavy reliance on raw materials import are likely to restrain the market inboth the regions during the forecast period.
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Aluminum Foams Market: Key Players
Keyplayers operating in the global aluminum foams market include CymatTechnologies Ltd., Hütte Klein-Reichenbach Gesellschaft m.b.H., METECNO S.p.A.,and NANOSHEL LLC.
