Metal Foam Market Size

Metal Foam Market Size

Metal Foam Market size valued at USD 75 million in 2022 and is projected to observe over 4.5% CAGR between 2023 to 2032. Higher product use in the aerospace and automotive sector is expected to drive industry trends.

Robust demand and sales of lightweight vehicles will escalate the use of metal foam materials. Cars made using metal foams are lighter in weight and therefore are more fuel efficient. The material also ensures improved vehicle and passenger safety with its damping and high shock-absorbing capabilities. The material possesses excellent properties like high specific strength, stiffness, energy absorption, corrosion resistance, high-temperature resistance, and electromagnetic shielding. Increasing preference for lightweight vehicles should boost the global market development.

Thus, ultralight weight metallic foams have drawn a lot of attention owing to predictions of a future fuel crisis, the desire to increase passenger safety and fuel efficiency in the automotive industry, and the requirement to produce light construction materials. The use of metal foams in certain industrial sectors is heavily influenced by the cost of production, environmental sustainability, and fire resistance.
 

Complications with soldering, welding, and bonding of metal foam may impede metal foam market growth. Metal foams have an uneven pore structure that makes it difficult to bond and weld with different metal materials that have a proper surface finish. The material when treated under high tensile load and impact force is also prone to brittle fractures. This may lead to a complete material breakdown rather than damage to a specific portion. Due to this factor, metal foam is not suitable for screwing and embedded fastening-based applications.

Also, the metal foam market will continue to expand at a rapid clip because to the rising need for products that are resistant to water and high temperatures. This growth is propelled by the materials' standout qualities, including electrical proficiency, thermal management, and shock-absorption capabilities. Aluminum foams are forecast to rise in popularity as a result of their high strength, light weight, and toughness in the automotive and transportation sectors.