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Aluminum Foam Market Analysis

  • Report ID: GMI6009
  • Published Date: Jun 2023
  • Report Format: PDF

Aluminum Foam Market Analysis

The remarkable strength-to-weight ratio of closed-cell aluminium foam makes it a sought-after substance for light-weight building solutions. To lighten the weight of structures, vehicles, and components, sectors like aerospace, automotive, and marine are progressively embracing closed-cell aluminium foam. A major factor in the market's expansion is the need for lightweight materials to increase performance and improve fuel economy.
 

Global Aluminum Foam Market Revenue Share, By Production Method, (2022)

Metal powder mixing production methods allow for the incorporation of various additives and alloying elements during the mixing process. This enables the production of aluminum foam with enhanced properties, such as improved strength, stiffness, thermal conductivity, and corrosion resistance. The ability to tailor the foam properties through metal powder mixing impact the adoption of aluminum foam in diverse applications and industries.
 

Automotive application segment of aluminum foam market accounted for USD 7 million in 2022 and is poised to witness over 5% CAGR from 2022 to 2032. The market for aluminium foam is primarily propelled by the automobile sector. The benefits of aluminium foam include its light weight, great energy absorption, and improved crashworthiness. It has uses in structural elements, crash management systems, and noise and vibration reduction. The automobile industry's emphasis on lightweighting for increased fuel efficiency and decreased emissions is the main factor boosting the market development.
 

Low-density aluminum foam finds extensive applications in the automotive industry, particularly in areas that require weight reduction and improved safety. It is used in crash management systems, structural components, and acoustic insulation to enhance vehicle performance, safety, and comfort. The increasing demand for lightweight materials across industries, such as automotive, aerospace, and transportation, is a significant growth driver for low-density aluminum foam.
 

A lightweight substitute for conventional building materials like concrete, steel, or wood is aluminium foam. Due to its low density, structural weight can be reduced, which lowers the cost of building foundations and makes building component shipping and installation easier. Aluminium foam's light weight makes it possible to build taller structures without sacrificing their structural integrity thus it will foster business demand.
 

U.S. Aluminum Foam Market Size, 2020- 2032 (USD Million)

The presence of a well-established automotive industry, rising investments in aerospace and defense, and rising need for lightweight materials will drive North America aluminum foam market growth. The demand for aluminium foam in this area is influenced by the focus on safety, sustainability, and fuel efficiency in sectors including construction, aerospace, and automotive.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of aluminum foam exceeded USD 40 million in 2022 and will grow at over 4.5% CAGR from 2023 to 2032, driven by the growing demand for aluminum foam in the automotive industry, given its lightweight nature and high-strength attributes.

The closed-cell segment will expand substantially through 2032, owing to the superior strength-to-weight ratio of closed-cell aluminum foam.

North America aluminum foam market will grow at a notable CAGR from 2023 to 2032 on account of growing investments in aerospace and defense coupled with the strong presence of a well-established automotive industry in the region.

Aluinvent Zrt., Havel Metal Foam, Gränges AB, Shanxi Putai Aluminum Foam Manufacturing Co., Ltd., and Pithore Aluminium Pvt. Ltd., among others.

Aluminum Foam Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 486
  • Countries covered: 20
  • Pages: 380
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