HOME Research Insight Agreement is the Key Developmental Strategy Adopted by Leading Players in the Metal Foam Market

Agreement is the Key Developmental Strategy Adopted by Leading Players in the Metal Foam Market

Metal foam is a cellular structure consisting of solid metal. Gas filled pores comprise a large portion of the metal foam’s volume. Metal foam offers various useful properties, such as high porosity, high impact resistance, and sound absorption, among others. These properties are expected to foster the growth of the metal foam market globally. The metal foam market was valued at USD 79.0 Million in 2016 and is projected to reach USD 99.8 Million by 2022, growing at a CAGR of 4.05% from 2017 to 2022. The report focuses on different metallic foams, such as aluminum foam, nickel, foam, and copper foam, used in various industries.

Agreement was the most widely adopted growth strategy of the key market players between 2012 and 2017. This strategy helped the major players increase their presence in emerging markets.

The major players in the metal foam market include ERG Aerospace Corporation (US), Cymat Technologies Ltd. (Canada), Admatis Ltd. (Hungary), Pithore Aluminium (Netherlands), Alantum Corporation (South Korea), and Aluinvent Zrt. (Hungary), among others. These players are engaged in the production of high-quality metal foams in various regions.

Cymat Technologies is a key player in the metal foam market. The company focuses on inorganic growth strategies to cater to the growing demand for high performance and lightweight metal foam products. For instance, in November 2016, Cymat Technologies entered into a partnership agreement with Alucoil SA (Spain) to manufacture aluminum foam composite panel. This agreement helped the company increase its presence in the European market.

Aluinvent is another leading market player focused on supplying high-quality aluminum foams to its customers. The company has integrated its R&D and manufacturing facilities which have led to the optimum utilization of resources. The company’s long-term objective is to work and contribute toward the revival of the aluminum industry of Hungary. The company focuses on inorganic developmental strategies to achieve growth. It had entered into an agreement with the European Space Agency in February 2014, under which the company was to develop prototypes of aluminum foam products for the European space industry.

Related Reports:

Metal Foam Market by Application (Anti-intrusion Bars, Heat Exchangers, Sound Absorbers), End-Use Industry (Automotive, Construction & Infrastructure, Industrial), Material (Aluminum, Nickel, Copper), and Region - Global Forecast to 2022

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