What Is Metal Stamping?

19-Aug-2019: The global metal stamping market size is expected to reach USD 299.63 billion by 2025 registering a CAGR of 4.2%, according to a new report by Grand View Research, Inc. Growing demand from the automotive and electronics sectors is projected to augment market development. Increasing global trade and rising competition are major drivers for the automotive industry. Asia is one of the major producers and consumers of automobiles. For instance, the Indian auto components sector reached around USD 51.2 billion in 2017. This sector accounts for 2.3 percent of country’s GDP. These factors are projected to drive the market.

Moreover, major companies, such as Honda, Toyota, General Motors, Daimler Chrysler, and Volkswagen, have started moving their production bases in developing countries like India, which is projected to drive the market in the region. Hot stamping products have numerous growth opportunities. These products are thin and very strong and can be used to improve safety and strength while reducing the weight of the vehicles. Rising demand for metal stamping products in the electronics industry is also expected to drive the market in near future.

Semiconductors used in mobile devices can be manufactured with different combinations of resins and fibers by using embossing and other techniques, which is projected to propel the market growth. However, rise in use of polymer products is projected to critically impact the market during forecast period. Auto-makers prefer polymers over metals as it helps reduce the weight of vehicles, thereby improving the overall efficiency. Technological advancements in this sector have enabled replacement of steel with high-performance polymers, such as thermoplastics, in different applications.

 In depth research report on Metal Stamping Market

https://www.grandviewresearch.com/industry-analysis/metal-stamping-market

Further key findings from the study suggest:

·       In terms of revenue, blanking segment is anticipated to register the highest CAGR of 4.6% over the forecast years

·       Automotive application led the global metal stamping market in 2018 accounting for a market share of 36.4%

·       Asia Pacific is anticipated to be the largest and fastest-growing regional market during the forecast period

·       In terms of revenue, CSA is projected to be the second fastest-growing regional market

·       Growing automotive sector coupled with increasing electronics demand in CSA is likely to drive the regional market

·       Some of the key companies in the market are Acro Metal Stamping; Lindy Manufacturing Co.; Alcoa, Inc.; Manor Tool & Manufacturing Company; Kenmode Precision Metal Stamping; and D&H Industries

Grand View Research has segmented the global metal stamping market on the basis of process, application, and region:

Metal Stamping Process Outlook (Revenue, USD Billion, 2014 - 2025)

·       Blanking

·       Embossing

·       Bending

·       Coining

·       Flanging

·       Others

Metal Stamping Application Outlook (Revenue, USD Billion, 2014 - 2025)

·       Automotive

·       Industrial Machinery

·       Consumer Electronics

·       Aerospace

·       Electrical & Electronics

·       Telecommunications

·       Others

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Ethylene Propylene Diene Monomer (EPDM) Market Hit USD 6.46 billion by 2025: Grand View Research, Inc.

1-April-2019: The global ethylene propylene diene monomer (EPDM) market size is expected to reach USD 6.46 billion by 2025 expanding at a CAGR of 6.5%, according to Grand View Research, Inc. The market is mainly driven by rising demand for bio-based products and R&D investments in the field. High demand for EPDM, mainly in Asia Pacific region due to expanding end-use industries like automotive and construction, is also propelling the market growth. Increasing spending on construction and infrastructure development by federal governments due to growing population along with rapid urbanization and industrialization in developing economies will also support market growth.

Thus, growing construction activities, particularly in China and India, are expected to augment the product demand in infrastructure and construction applications. However, EPDM is expected to witness the maximum demand from the automotive application segment on account of their non-reflective and premium-quality finish. EPDM can also be used in electrical cable joints and roofing membranes as it does not pollute the runoff rainwater, thereby improving the efficiency of rainwater harvesting. All these factors together are creating lucrative growth opportunities for the global market in automotive sector.

 In depth research report on Ethylene Propylene Diene Monomer (EPDM) Market

https://www.grandviewresearch.com/industry-analysis/ethylene-propylene-diene-monomer-epdm-market

Further key findings from the study suggest:

·       Asia Pacific was the dominant regional market in 2017 and is anticipated to expand further at the highest CAGR of 5.7% during the forecast period

·       China is among the fastest-growing countries in the market on account of availability of potential growth opportunities for the manufacturers

·       Rapidly expanding automotive sector in the country is also contributing to the growth of the global Ethylene Propylene Diene Monomer (EPDM) market

·       Extensive R&D activities for the development of bio-based products have led to the creation of several improved grades, which is expected to create lucrative growth opportunities for the EPDM market in near future

Grand View Research has segmented the global Ethylene Propylene Diene Monomer (EPDM) market on the basis of application and region:

EPDM Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

·       Building & Construction

·       Wires & Cables

·       Electrical & Electronics

·       Lubricant Additive

·       Plastic Modifications

·       Automotive

·       Tires & Tubes

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/advanced-materials

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Rainscreen Cladding: Extending the Lifespan of Newly Constructive Buildings

8-January-2018: According to a report published by Grand View Research, Inc.; the rainscreen cladding market is expected to reach a valuation of around USD 14.0 billion by 2025.

Increasing construction activities, growing demand for energy-efficient construction and protection of exterior wall, and rise in demand for environmental friendly buildings can propel the market during the forecast period (2014 to 2025). In addition, increasing promotion by International Energy Agency and World Green Building Council is also supporting the market growth.

Increasing need about protecting building exteriors for extending the lifespan of newly constructive buildings as well as removed building has increased the demand for attractive and functional materials across the world. Increasing technological advancements has lead the development of new high-performance durable cladding materials such as unique facade and panels. These improved materials comprise greater moisture management properties and are extensively popular across the interior designers and contemporary architects. In addition, innovative wall system built with high-tech materials offers several opportunities and captivating solutions to architects, contractors, and developers who are looking forward to solving rain penetration issues along with betterment of overall wall performance.

Worldwide rainscreen cladding market can be segmented on the basis of raw material, application, and region. Based on raw material, the market can be categorized into fiber cement, metal, composite material, high pressure laminates, ceramic, terracotta, and others. As per application, the market can be bifurcated into residential, offices, commercial, institutional, and industrial.

Growing spending on affordable housing schemes in emerging countries of Asia Pacific and Latin America expected to spur residential segment. This segment is expected to grow at a CAGR of 6.8% during the study period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Asia Pacific is expected to show significant growth in the coming years on account of growing construction industry in the region especially in emerging countries such as China, Vietnam, Indonesia, and India. Factors such as rise in population in these countries along with increasing demand for affordable housing and presence of government schemes regarding energy efficiencies can drive the market in this region. Energy-efficient buildings minimizes the amount of resources require for air conditioning (HVAC), ventilating, heating. In addition, easy availability of raw material and less set-up cost are the key factors attracting international companies to set-up their facilities in this region. This has help to introduced technologically advanced wall systems in this region.

North America is expected to expend on account of ongoing construction activities, shale gas exploration efforts in the Gulf Coast region, and development of new power plants. The region is expected to show high demand in residential construction. Growing employment rates in this region are expected to create more demand for residential projects. The U.S. observed the highest construction rate in the recent years.

Latin America shows mixed dynamics as Brazil has stuffed from deepest economic contraction in recent years. However favorable external market conditions are expected to create stability in the region. Also, implementation of monetary policy normalization initiatives by the governments in this region for aligning domestic inflation is expected to create positive outlook in this region. In addition, ongoing infrastructural developments in Mexico and policy continuities in Peru will support the growth in this region.

In Europe, Central and Eastern European countries are likely to show high growth. Factors like presence of low interest rates and improvement in disposable income along with European Commission’s Investment Plans are expected to create positive outlook for the construction sector in this region.

In Middle East & Africa, construction sector is expected to expand owing to implementation of supportive government policies, growing investments in various sectors including healthcare, education, and infrastructure to reduce dependency on oil activities across the region. Moreover, Introduction of the White Land Tax initiative by the Saudi Arabian government to solve the housing shortage is expected to support the market growth.

Prominent players operating in the market include Shildan, Inc.; Cladding Corp.; BMC Gulf; Allied Building Products Corp.; and Vivalda.

In-Depth Research Report On Rainscreen Cladding Market:

https://www.grandviewresearch.com/industry-analysis/rainscreen-cladding-market

Growing Requirement for Lightweight Vehicles is Anticipated to Boost Composites Market

12-December-2018: According to a report published by Grand View Research, Inc.; the global composites market is anticipated to attain a valuation of around USD 130.83 billion by 2024. Growing requirement for lightweight vehicles to enhance fuel-efficiency is anticipated to market growth over the forecast period (2018 to 2024). Composites can replace steel in vehicles attributed to their higher strength to weight ratio.

Currently, most vehicles use conventional fuel technologies such as petrol and diesel. However, growing environmental concerns and stringent regulations regarding pollution control can force  manufacturers to manufacture eco-friendly vehicles. Composites can be used to manufacture lightweight vehicles. These vehicles offer high fuel-efficiency, which is a primary factor augmenting product demand.

The worldwide composites market can be segregated on the basis of product, resin, manufacturing process, end-use, and region. Based on product, the market can be categorized into glass fiber, carbon fiber, and others. In 2015, glass fiber emerged as the largest product segment. Also known as fiberglass, this composite is made of fine fibers of glass. Fiberglass is lightweight, robust, and strong material. This factor is expected to bode well for segment growth over the forecast period. However, it is likely to have lower stiffness than carbon fiber.

Based on resin, the market can be bifurcated into thermoplastic and thermosetting. In 2015, thermosetting resin dominated market and accounted for largest market share of around 83.3%. Thermoset or thermosetting composites are synthetic materials strengthened when heated. They cannot be remolded after initial heating. Thermosetting products are stronger attributed to cross linking and can suit for high temperature. This is the primary demand driver for these resins.

Based on manufacturing process, the market for composites can be classified into injection molding, compression molding, pultrusion, resin transfer molding, layup, filament winding, and others. In 2015, layup dominated the market and accounted for around 30.9% of the total market share. The layup process involves placement of fiber layer in sequence by using matrix of hardener and resin. It is then allowed to set at room temperature. The curing process can be accelerated by applying heat with oven. Hand layup process is low cost cooling technique and includes wide choice of material types and suppliers.

Based on end-use, the market can be divided into electrical and electronics, aerospace and defense, automotive and transportation, construction and infrastructure, pipes and tanks, marine, and others. In 2015, transportation dominated the market and accounted for the largest share of 20.8% in terms of demand. Advantages of lightweight and durable materials are appreciated in design, fuel savings, and manufacturing efficiencies for autos, buses, and trains, across the transportation spectrum. Manufacturers of buses and light rails use composites to enhance fuel efficiency and interiors of vehicles. Demand for fire retardant, corrosion resistant, and durable products from top suppliers to fulfill demand for adhesives, resins, reinforcements, and gels in transportation applications wil bode well for segment growth in near future.

Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific dominated the market and accounted for largest market share in 2015. It is likely to continue its dominance over the forecast period owing to rising production of boats, architectural moldings, and wind turbine blades in the region.

North America is predicted to witness significant growth during the forecast period. Rising demand for commercial aviation on account of globalization and rising disposable income is expected to spur growth of aviation sector in the region. In addition, growing concerns regarding aircraft weight can further fuel demand for composites. Commercial aviation is expected to use composites to around 50% of total weight of aircraft. Airbus A350 can be built using 52% Carbon Fiber Reinforced Polymer (CFRP), while Boeing 787 Dreamliner can be built using 50% CFRP in terms of weight.

Europe is likely to witness steady growth during the forecast period owing to extensive R&D activities and emergence of numerous market players. Some of the leading companies operating in the composites market are Mitsubishi Rayon Corporation, Cytec Industries, Hexcel, Toray industries, and Hyosung.

In-Depth Research Report On Composites Market:

https://www.grandviewresearch.com/industry-analysis/composites-market

Technological Advancements in Aerospace Sector is Likely to Boost the Market Growth

25-October-2018: According to a report published by Grand View Research, Inc.; the aerospace floor panels market is likely to reach a valuation of around USD 554.4 million by 2025.

Factors such as growing aerospace industry, increasing air passenger traffic, and growing expenditure for defense can propel the market during the forecast period (2014 to 2025).

Technological advancements in aerospace sector is likely to boost the market growth in the coming years. Several research agencies have been conducting research and development (R&D) activities and are making high investments in these floor panels. This is expected to create positive outlook for the market.  In addition, technological developments associated with honeycombs have assist to discover new approaches for manufacturing lightweight and high-strength honeycomb cores.

Worldwide aerospace floor market can be divided into raw material, aircraft type, end-use, and region. As per raw material, the market can be bifurcated into aluminum honeycomb, Nomex honeycomb, and others. In 2016, Nomex honeycomb segment estimated for 71.0% of the overall market. These materials are lightweight and comprises variety of applications due to its better strength and stiffness. The material is also compatible with several adhesives and are thermally insulating. These materials are corrosion-resistant, self-extinguishing, and possess outstanding dielectric properties. Based on aircraft type, the market can be split into narrow body aircraft, wide body aircraft, and very large aircraft (VLA). The military aircraft segment is expected to expand with the fastest CAGR of 7.2% in terms of revenue during 2017 to 2025 due to growing expenditure for defense. In 2016, Narrow body aircraft segment captured 70.5% of the overall market. These aircraft are extensively used for short-haul operations. Growing use of these planes for domestic transport is anticipated to support the growth. The wide body aircraft segment is anticipated to show rapid growth during the forecast period. These aircraft are extensively designed for carrying several passengers instead of operating many small planes. The segment is likely to grow with increasing air passenger traffic in regions including Europe, North America, and Europe. On the basis of end-use, the market can be classified into business jets, commercial aviation, and military aircraft. In 2016, commercial aviation segment estimated for the largest market revenue share of 59.4%. Increasing number of air passenger is driving the growth of this segment. This trend is also likely to continue during the forecast period.

Geographically, the market can be divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. 

Asia Pacific is likely to display substantial growth during the forecast period due to growing demand for different air crafts in China and India. The region is expected to grow at CAGR of 6.7% during 2017 to 2025. This growth can be associated with robust growth in air traffic and increasing defense spending in the region specially, in countries including China and India. Optimistic political events like better trade relation between China and India have supported the business growth in these countries, thus increased the number of air travel for business purpose. Additionally, growing tourism activities in these countries is also expected to increase the number of air passenger. In emerging countries such as India, airfares are comparatively affordable, therefore it is most favorite tourist destinations among the visitors.

North America is considered as one of the attractive markets. The U.S. market is expected to grow at a CAGR of 5.9% during 2017 to 2025. The aerospace sector in the region is anticipated to increase demand for defense aircrafts in the coming years. Since the U.S government is taking efforts to increase the defense expenditure for expanding their capabilities with advanced defense aircrafts and ships.

Prominent players operating in the market include The Nordam Group Inc.; Rockwell Collins Inc.; AIM Aviation Ltd.; Triumph Group Inc.; and Zodiac Aerospace. Market participants are mainly focusing on new product development, partnerships, and merger and acquisition with other players to increase their share in the market.

In-Depth Research Report On Aerospace Floor Panels Market:

https://www.grandviewresearch.com/industry-analysis/aerospace-floor-panels-market

High Usage in Making Vehicle Parts to Drive Aluminum Casting Market

19 September 2018: According to Grand View Research, Inc., the worldwide aluminum casting market is expected to attain USD 97.36 billion by 2025. Aluminum casting comprises application including transportation, industrial, building and construction, and others. Different casting process include die casting, permanent mold casting, and other.

On 21 March 2017, Chassix, Inc., an automotive provider of casting solutions, announced the it has completed the previously declared acquisition of lightweight aluminum low pressure business owned by BENTELER Automotive. The company consists of automated aluminum foundry in Farsund, Norway. It mainly produces safety critical components like sub swing arms, frames, steering, rear hubs, knuckles for luxury brands automotive manufacturers.

On 8 September 2017, Magna International Inc. announced the news about expansion of aluminum casting services in Kamtek, Alabama. The expansion will include manufacturing process such as high-pressure aluminum casting that can be used for making lightweight vehicle parts. The High-pressure aluminum casting offers manufacturing of full structures in single piece by cutting vehicle mass without compromising performance.

On February 7, 2018, SPARK MINDA, new company of Minda Corporation Limited. announced the inauguration the new Die Casting manufacturing plant at Pune, India. The new facility will include low pressure die casting with machining and aluminum gravity die casting for two-wheeler and four-wheeler products.  The company already works on zinc and aluminum die casting machine components at its plants in Pune and Noida for manufacturing products such as braking system, turbocharger system, handle and engine mounting components for the automotives.

Increasing use of aluminum as a replacement for of heavy metals like steel and iron in automobiles for manufacturing light-weight vehicle due to strict guidelines to reduce CO2 emissions can propel the aluminum casting market over the forecast period (2014 to 2025). In addition, growing demand for aluminum products in such as windows, curtain walling, cladding, and others in construction industry to boost market growth.

However, increasing use of other lightweight materials such as carbon fiber and manganese as a substitute for aluminum could challenge the market growth. 

Leading players operating in the market include ZF Friedrichshafen AG, Federal-Mogul LLC, Autoliv, Inc., Robert Bosch, and Akebono Brake Industry Co., Ltd.

In-Depth Research Report On Aluminum Casting Market:

https://www.grandviewresearch.com/industry-analysis/aluminum-casting-market

Conductive Textiles to Revolutionize Healthcare

Conductive textiles are clothing capable of electrical conductivity between the garment and a portable device. Also referred to as e-textiles or smart textiles, they are usually made from intrinsically conductive polymers and paired with electronic conductive elements, such as gold and titanium. Fabrics used in these textiles include cotton, wool, polyester, and nylon. The miniaturization of electronic components and growing trend of wearable devices are expected to create a niche for smart textiles.

Military & Defense: The Largest Consumer of Conductive Textiles

Major end-users of conductive textiles include sports and fitness, healthcare, and military and defense. The military and defense and healthcare sectors were the biggest end-users in 2016. This can be attributed to the heat and chemical resistant nature of these textiles. Technological advances in these textiles allow the users to monitor their health with the help of a smartphone application. Ohamatex, a manufacturer of smart textiles, has created a stocking capable of detecting edema in patients.

The smart shirt by Vexatec, possesses the inherent capability of recording vital health parameters, such as heart rate and blood pressure. The sports and fitness application segment is predicted to register the fastest CAGR of 17.9% over the forecast period (from 2018 to 2025) due to increasing demand of smart clothing from athletes and health enthusiasts. Increasing health consciousness can also be credited to the purported growth rate.

Market Overview

The global conductive textiles market is projected to reach at USD 4.29 billion by 2025, expanding at a CAGR of 16.4% from 2018 to 2025, according to insights found in a report by Grand View Research, Inc. Applications in military and healthcare sectors are anticipated to stimulate market growth by 2025. Increasing consumer awareness regarding smart clothing and technological advances driven by government funds are also expected to fuel market development. Some of the key companies in this market include The 3M Company, Statex Produktions & Vertriebs GmbH, NV Bekaert SA, and Holland Shielding Systems BV.

In-Depth Research Report On Conductive Textiles Market:

https://www.grandviewresearch.com/industry-analysis/conductive-textiles-market

Advanced Antifreeze Products to Enhance Automotive Protection

Made from ethylene glycol or propylene glycol, antifreeze is a green or yellow liquid that is used in vehicles to protect engines from freezing under low temperatures and adverse climatic conditions. It is also used in aerospace sector and in industrial heat transfer and cooling systems. Organic Acid Technology (OAT), Inorganic Acid Technology Antifreeze (IAT), and Hybrid Organic Acid Technology (HOAT) are the major antifreeze technologies.

OAT Technology to Witness Maximum Demand

In the coming years, OAT is expected to gain the maximum share owing to availability of decomposable and eco-friendly inorganic salts and acids. Extended drain interval of OAT is also likely to increase its demand in advanced antifreeze products. Companies in this field invest more in R&D to expand their business.

For instance, U.K.-based Exol recently announced a new range of lubricants for heavy duty and passenger vehicles. The new range includes Antifreeze SOAT (Lilac), Antifreeze OAT (Red) and Antifreeze OAT Universal (Clear), Antifreeze HD (Green), and Antifreeze HDX (Blue). The entire range is based on advanced OAT inhibitor technology and fulfill the growing needs of advanced vehicle cooling systems.

Market Overview

The global antifreeze market is likely to value USD 8.76 billion by 2025, according to a report by Grand View Research, Inc. High demand for passenger cars and Lightweight Commercial Vehicles (LCVs) is likely to impel growth of this market in the coming years. Reducing size of automobile engines due to increasing adoption of nanotechnology can also drive the market. Growing necessity for protecting vehicles from adverse climatic conditions using advanced coolants would have a positive impact on the market expansion.

Rising concerns regarding automotive engines and protecting radiators from overheating, freezing, and corrosion can fuel market demand. Improving standards of living owing to rising disposable income levels is likely to stimulate market growth during the forecast period (from 2018 to 2025). Some of the prominent companies operating in the antifreeze market are Exxon Mobil Corp., Chevron Corp., BP PLC, Royal Dutch Shell PLC, and BASF SE.

In-Depth Research Report On Antifreeze Market:

https://www.grandviewresearch.com/industry-analysis/antifreeze-market

Aluminum Casting for Making Lightweight High-Strength Components

Aluminum casting is a process of melting aluminum and injecting it into a hollow mold for obtaining required shape. It is a less expensive method of making aluminum into varied range of products. Aluminum casting offers several advantages such as high tensile strength and heat resistance, fine surface finish, corrosion resistance, lower density, and molded inserts. Die casting and permanent mold casting are the major process types for aluminum casting that find applications in a variety of industry verticals including transportation, industrial, building and construction, and others.

Die Casting: The Most Preferred Aluminum Casting Process

In 2016, the die casting segment accounted for 49.7% of the overall market share. Increasing usage of aluminum components in automotive sector will boost the segment growth over the forecast period (from 2017 to 2025). Several automotive components including gears, engine blocks, engine cylinders, wheel spacer, flywheel, and others are manufactured using die casting process. The products manufactured from this process have higher strength as they hardly have any joints. Furthermore, low cost and easy of production can also increasethe utilization of the die casting method. The permanent mold casting segment is also expected to show significant growth over the forecast period due to increasing demand for aluminum parts in industrial sector.

Many market players focus on new developments in order to gain maximum share. For example, Magna International Inc. recently announced the news about its expansion of aluminum casting services in Kamtek, Alabama. The expansion will include manufacturing process such as high-pressure aluminum casting that can be used for making lightweight vehicle parts. The High-pressure aluminum casting offers manufacturing of full structures in single piece by cutting vehicle mass without compromising performance. This will help to reduce CO2 emissions and reduce fuel consumption.

Market overview

According to a report by Grand View Research, Inc., the worldwide aluminum casting market is expected to attain USD 97.36 billion by 2025. Increasing use of aluminum instead of heavy metals like iron in automotive and construction industries can propel the market growth over the coming years. In addition, high demand for light-weight vehicles due to strict guidelines to reduce CO2 emissions can also boost the market development. Leading players operating in the market include ZF Friedrichshafen AG, Federal-Mogul LLC, Autoliv, Inc., Robert Bosch, and Akebono Brake Industry Co., Ltd.

In-Depth Research Report On Aluminum Casting Market:

https://www.grandviewresearch.com/industry-analysis/aluminum-casting-market

Metal Foams – Composite Material of the Future

Metal foams are metals with cellular structures comprising gas pores. They are characterized by their high porosity, absorption, and impact resistance. Open and closed-cell foams are its two major types. Benefits associated with these metals have led to its inclusion as a vital component in industrial sectors such as aerospace, defense, manufacturing, and automotive.

Demand for composite materials driven by production of fuel-efficient cars in Europe and U.S.  coupled with stringent emission policies are expected to culminate in high production of aluminum-based metal foams. In addition, researchers in North Carolina University have written a white paper in 2017 outlining its efficacy against radiation.

Lightweight and Shock-Absorbent Nature

Major end-use segments of the metal foam market include aerospace, automotive, industrial, and construction.

The automotive segment is anticipated to be the largest segment from 2014 to 2025 due to rising use of metal foams in bumpers and anti-intrusion bars in automobiles. In addition, the low weight of metal foams assist in curtailing vehicle emission, thus ensuring constant demand till 2025. Closed-cell aluminum foams are being used in cars for their shock absorption capacity and have tested well in crash protection systems.

The aerospace segment is expected to exhibit a significant growth rate due to high demand for low-cost aircraft in developing economies. Presence of major aircraft manufacturers such as North America and Boeing and their need for lightweight materials can contribute to this segment’s demand. High demand for metal foams can be credited to their use in heat exchangers and energy absorbers. This can be exemplified by the use of Duocel foams by ERG Aerospace due to its high conductivity and porosity.

Market Outlook

The global metal foam market is anticipated to touch USD 117.7 million by 2025, as per a report by Grand View Research, Inc. The market demand is expected to reach 2.24 kilotons by 2025. Advantages of metal foams are projected to positively impact the market. Strict environmental norms regarding pollution in automobiles are expected to augur market demand from 2014 to 2025 (forecast period). Alliances with die makers to create customized metal foams are predicted to spur market volume over the forecast period. Key market players include Cymat Technologies, Aluinvent Zrt., ERG Aerospace Corporation, and American Elements.

In-Depth Research Report On Metal Foam Market:

https://www.grandviewresearch.com/industry-analysis/metal-foam-market