Global Market Size of Metal Foam Market – 10 Year Market Forecast

Chemicals

Metal Foam Market Size Forecast 2022-2029

 

Metal foam market is expected to gain market growth due to an upsurge in demand during the forecast period. Global market database predicts that the market is growing with a CAGR of 8% in the forecast period of 2022 to 2029 and is expected to reach USD 0.14 billion by 2029. One of the main drivers of the market is the increased demand for metal foam from the automotive sector. Its high porosity makes it a lightweight material due to which they are considered suitable for the automotive industry as it reduces vibration and noise, increases stiffness and absorbs impact energy, ensuring optimum vehicle performance on the road when used in vehicle parts.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database studies business units across 600+ markets and 12 different industries including the Metal Foam market.
• What is the estimated market size value for metal foam in 2029?

• The estimated market size value for metal foam in 2029 is USD 0.14 billion.
• How is the metal foam market segmented?

• The metal foam market is segmented as by application, region wise and by end-user.
• Which end-user industry has the largest shares in the metal foam market?

• Automotive industry has the largest shares in the metal foam market.
• Why did the pandemic negatively impact the metal foam value chain?

• Since automotive industry accounts for a key share of the value chain it was noticed that the demand for metal foam within this sector reduced due to reported plummet in sales by key automotive players.

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