The global metal foams market is anticipated to grow at a considerable CAGR of around 5.4% during the forecast period (2021-2027). One of the major factors that drive the market growth of the global metal foam market includes the increasing investments by automotive companies in hybrid and electric cars to rise the demand for metal foams. The demand is increasing due to its properties such as lightweight, metal foam is low-cost as compared to other materials, increase sound damping, and its thermal conductivity is low. Mostly, the metal foam is used in car bumpers for shock absorption during collisions. Metal foam offers an effective and consistent way to reduce the impact of massive collisions and save lives. As per the World Health Organization (WHO), around 1.35 million people pass away every year due to road accidents. Increasing cases of road mortalities will support metal foam adoption in the automotive sector and boost the metal foam market.
Browse the full report description of "Global Metal Foams Market Research By Product type (Closed Cell Metal Foams, Open-Cell Metal Foams, Stochastic Metal Foam), By Material Type (Aluminum Foams, Magnesium Foams, Nickel Foams, Copper Foams, Others), By Application (Anti-Intrusion Bars, Heat Exchangers, Sound Absorbers, Electro-Chemical Application, Medical Laser Application), By End-Users (Transportation, Construction Industry, Biomedical Industry, Consumer Goods Industry, and Others) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/metal-foam-market
For Instance, In January 2020, Havel metal foam GmbH expected the Brandenburg Innovation Award. This expansion supports the firm to expand its existence as well as build acknowledgement in the metal foam market which will benefit to surge revenue in the future. Partnership, joint ventures, and other strategies enhance the firm market share with increased exposure and existence. It also offers the benefit for the organization to improve their contribution to metal foam through an expanded range of sizes.
Market Coverage
o By Product type
o By Material
o By Application
o By End-User
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Metal Foams Market
By Product type
By Material
By Application
By End-User
Global Metal Foams Market by Region
North America
Europe
Asia-Pacific
Rest of the World
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