|
|
|
Real Estate News Releases
|
(EstateNewsWire.com, December 18, 2023 ) The report "Aluminum Foam Market by Type (Open-Cell, Closed-Cell), Application (Anti-Intrusion Bars, Heat Exchangers, Sound Absorbers, Filters), End-Use Industry (Automotive, Construction & Infrastructure, Industrial), and Region - Global Forecast to 2027", size is expected to grow from USD 43 million in 2022 to USD 55 million by 2027, at a CAGR of 4.8% during the forecast period. A significant growth is observed in the market because of the growth in the demand for aluminum foam from various end-use industries such as automotive and construction & infrastructure. Aluminum foam has multiple advantages, such as cost-benefit, low weight, and thermal conductivity, resulting in its preference for sound insulation and crash guards.
Automotive is projected to dominate the global aluminum foam market during the forecast period.
Aluminum foam is primarily used as anti-intrusion bars in electric automotive. Properties like good kinetic energy absorber and lightweight of this technology along with cost effectiveness have contributed to its intensive usage for developing crash guards in automotive industry. Aluminum foam offers superior thermal conductivity and sound insulation and hence has high demand in the construction industry as well.
The anti-intrusion bars application is the fastest-growing segment in the overall market.
Aluminum foam is used in applications like anti-intrusion bars, heat exchangers, sound absorbers, filters and others. The anti-intrusion bars segment is projected to register the highest CAGR during the forecast period because the growth is attributed to the high growth in the production of electric and hybrid cars in automotive sector.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=140772371
Open-cell aluminum foam type to dominate the global aluminum foam market
Based on type, aluminum foam market is divided into two segments, namely, Open cell aluminum foam and closed cell aluminum foam. Open cell aluminum foam to dominate the market in forecasted period due to its huge demand coming from sound absorbers, heat exchangers and filter applications because it offers various properties such as thermal conductivity, electrical conductivity, high porosity, and corrosion resistance. Also, open-cell aluminum foam can absorb energy better than steel, as it possesses air bubbles created during the manufacturing process.
Asia Pacific is expected to be the largest market for aluminum foam during the forecast period.
Asia Pacific is the largest market for aluminum foam. The huge demand coming from end-use industries such as automotive and construction & infrastructure is driving the aluminum foam market in the region. China being the largest manufacturer of passenger cars have the maximum demand for anti-intrusion bars and hence is the largest market in the region. Also, the region has a presence of major aluminum foam manufacturing companies, who focus on the adoption of various business strategies to increase the production of aluminum foam and meet the growing demand from end-users.
The key players in the market include ERG Aerospace Corporation (US), CYMAT Technologies Ltd. (Canada), Alantum (South Korea), Liaoning Rontec Advanced Material Technology Co., Ltd. (China), Shanxi Putai Aluminum Foam Manufacturing Co., Ltd. (China), Mayser GmbH & Co. KG (Germany), Aluminum King Co., Ltd (China), and Pohltec Metalfoam GmbH (Germany). These companies have adopted expansions and joint ventures as a part of their strategic development.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
360Quadrants
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
|
|
|
|
Real Estate News by Sector
|
|
|
|
|
