Metal Foam Market Size 2019, Forecasts 100 million USD by 2025, 300 pages report

Increasing applications of metal foam in the automobile industry will mainly drive metal foam market size. There has been a rising trend of reducing vehicle weight, especially since the entry of electric vehicles (EV) in the automotive market.

Selbyville, United States - August 9, 2019 /MarketersMedia/ —

Global Market Insights, Inc. added Metal Foam Market Report provides an analytical assessment of the prime challenges faced by this Market currently and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.

Increasing applications of metal foam in the automobile industry will mainly drive metal foam market size. There has been a rising trend of reducing vehicle weight, especially since the entry of electric vehicles (EV) in the automotive market. The shifting preferences towards electric vehicles and the role of metal foam to reduce body weight of such vehicles will help to fuel metal foam market share.

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The cellular gas filled structure of metal foam market permits the development of complex geometrical shapes, which can be used for varied applications in the automobile sector. Owing to the capability of metal foam to block engine noise and heat from reaching the passenger compartment, it is utilized as a sound damper and thermal insulator in automobiles.

Growth drivers are

1. Increasing product demand in building & construction industry
2. Rising usage of product in automotive & aerospace sector
3. Superior product characteristics

Despite being lightweight, metal foam withstands great damage with a very little deformation due to its optimal stiffness characteristic, thereby helping to create an array of body parts which can considerably reduce the body weight without compromising on vehicle safety. Surging use of sandwiched metal foam panels in automobiles to reduce vehicle weight and improve fuel efficiency is slated propel metal foam market size over the coming years.

The rising awareness about depleting fossil fuel reserves has shifted the automakers’ focus towards more greener options like electric vehicles. The proliferation of EVs and their hybrid siblings will be well supported by the utilization of metal foam in EV manufacturing. The increased weight of electric vehicles imposed by the batteries being a major concern among the EV manufacturers once, the introduction of metal foam will not only lower the body weight but also help to improve vehicle’s efficiency. Growing demand for electric vehicles pertaining to its fuel efficient and eco-friendly nature is likely to enhance metal foam market trends over the years ahead.

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Speaking about regional trends, governments have been promoting use of electric vehicles to control rising environmental concerns due to vehicle emissions. For instance, in order to dominate global EV industry and reduce carbon emissions, the Chinese government has been providing subsidies to buyers of electric vehicles. According to the China Association of Automobile Manufacturers (CAAM), 777,000 EVs were sold in China in 2017, which was 53% more compared to 2016. As a result of rapid expansion of EV industry, China metal foam market players will experience strong business growth opportunities over the estimated timeframe.

The formation of joint ventures to innovate and improve the EV technology will support metal foam market outlook. For instance, in 2019, the French auto maker Renault formed a joint venture with the Jiangling Motors Corporation Group (JMCG) to expand electric vehicles business across China. Through this strategic move, Renault is looking forward to enhancing China’s battery electric vehicle industry share by investing USD 144 million.

Partial Chapter of the Table of Content:

Chapter 2. Executive Summary
2.1. Metal foam market 3600 synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Material trends
2.1.4. End-use sector trends
2.1.5. Regional trends
Chapter 3. Metal foam Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition at each stage
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.3.4.1. List of key manufacturers/suppliers
3.3.4.2. List of key customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Production process
3.4.3. Future trends
3.5. Life cycle analysis
3.5.1. Research & development
3.5.2. Growth
3.5.3. Maturity
3.5.4. Decline
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.1.1. Increasing product demand in building & construction industry
3.6.1.2. Rising usage of product in automotive & aerospace sector
3.6.1.3. Superior product characteristics
3.6.2. Industry pitfalls & challenges
3.6.2.1. High product price
3.7. Regulatory landscape
3.7.1. U.S.
3.7.2. Europe
3.7.3. Asia Pacific
3.8. Growth potential analysis
3.9. Industry megatrend
3.10. Competitive landscape, 2018
3.10.1. Company market share, 2018
3.10.2. Strategy dashboard
3.11. Porter’s analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Threat of substitutes
3.11.5. Industry rivalry
3.12. Price trends
3.12.1. Regional price trends
3.12.2. Type price trends
3.12.3. Cost structure analysis
3.12.3.1. R&D cost
3.12.3.2. Manufacturing & equipment cost
3.12.3.3. Raw material cost
3.12.3.4. Distribution cost
3.12.3.5. Operating cost
3.12.3.6. Miscellaneous cost
3.13. PESTEL analysis

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According to International energy agency (IEA), global electric car sales hit 1.98 million in 2018. Increasing acceptance for electric vehicles along with shifting focus of automakers toward development of fuel efficient and green vehicles is slated to accelerate the product demand over the coming years. As per a research report from Global market insights, Inc., metal foam market size is expected to cross USD 100 million by 2025.

Contact Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/metal-foam-market

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