Titanium
Global metal foam market to be fueled by an upsurge in automobile production and construction activities
The global metal foam market size is poised to increase commendably over the coming years owing to increasing investments in infrastructural development along with uses across applications like automotive, aerospace, healthcare, energy, and more. These materials provide superior benefits as opposed to other materials, thereby offering promising growth prospects to key manufacturers operating in this industry. The extensive use of metal foam in building structures and wall coverings due to its fire-resistant properties and superior thermal insulation will boost its demand in construction and infrastructural applications.
U.S. Metal Foam Market Size, By End-Use Sector, 2014 – 2025 (USD Million)
Development in construction activities, particularly in emerging markets, is a major driver for increasing metal foam industry share across the world. Increase in per capita income and enhanced living standards across developing economies will proliferate the demand for commercial and residential structures across developing nations. According to the Ministry of Statistics and Programme Implementation (MoSPI), India’s per-capita income is anticipated to have surged by 10% to INR10,534 a month during financial year ended March 2019. Growth in personal income will result in a higher demand for housing, thereby augmenting the metal foam industry size in the forecast years.
As emerging economies continue to grow, infrastructure development has emerged as a pivotal factor for the expansion of transportation, production, and communication industry. India’s budget for 2019 intends to amplify the country’s connectivity infrastructure by creating a network of highway grids. Moreover, the nation has also planned to invest INR50 lakh crore for developing its railway infrastructure. Infrastructural development across emerging economies will favor metal foam market outlook.
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The metallic foams are used in the automotive sector to increase sound damping, boost energy absorption, and reduce overall vehicle weight. Hence, burgeoning automotive production will also lead to an increase in demand for metal foam products. Data by the Federal Reserve claims that industrial production surged by 0.4% in May 2019 due to an increase in passenger cars and pickup trucks production. Such developments in the automotive industry also signify a positive sign for global metal foam industry.
Increasing adoption of electric vehicles is anticipated to be a lucrative opportunity for metal foam manufacturers across the world. In order to enhance vehicle performance, lightweight auto parts are crucial in electric vehicles. SmartBatt project by the European Commission is aiming to create battery packs by using a core of aluminum hybrid foam. Successful implementation of such innovations could further spur metal foam demand in the automotive sector.
Moreover, technological advancements in metal foam products will also aid industry growth over the ensuing years. For instance, Saarland University scientists recently developed a range of lightweight and strong metallic foams capable of impact protection and shock wave absorption. These metal foams can be customized for a wide range of applications, which makes them a prominent contributor for global metal foam market share in the near future.
In terms of geographical trends, Asia Pacific is likely to observe considerable growth owing to increase in automotive construction activities across China and South Korea. Moreover, Asia Pacific is also witnessing a massive need for housing and infrastructural projects, which will further proliferate product demand in the region’s construction sector.
Europe is also likely to emerge as a strong regional contender owing to development in its automotive industry. Due to increasing concerns surrounding vehicular emissions, adoption of electric cars is picking pace, which is bound to create huge impetus for the region’s EV industry, thereby augmenting Europe metal foam market outlook over the coming years.
Other end-user applications for the metal foam market include healthcare and aviation sector. For example, NASA is exploring the possibilities of noise reduction in aircraft using metallic foams. On account of such possibilities, metal foams are poised to witness steady growth in the subsequent years. According to a research report by Global Market Insights, Inc., metal foam market is estimated to be worth more than $100 million by 2025.
Author Name : Krithika Krishnan
APAC automotive brake caliper market to amass hefty proceeds by 2024, increasing production of automobiles to drive the regional industry growth
Powered by the rapidly expanding automotive industry across myriad geographies, automotive brake caliper market has indeed gained tremendous popularity in recent times. The automotive sector is also rife with a plethora of highly unique innovations that have undeniably had an impact on this business sphere. Indeed, given the pivotal significance of braking systems, technological advancements form the crux of automotive brake caliper industry. Recently for example, Brembo unveiled an aesthetically revolutionary brake caliper at the 2018 NY Auto Show. Apparently, this product helped achieve substantial weight savings – around 400 g per wheel. Brembo’s product launch is indicative of the fact that automotive brake caliper market will continue to be characterized by highly innovative solutions that would optimize performance and improve aesthetics.
U.S. Automotive Brake Caliper Market, By Vehicle, 2016 & 2024, (Million Units)
The automotive industry has registered an extremely appreciable CAGR in the Asia Pacific region since the last decade or so. This growth can be essentially credited to the rise of the middle-class populace with increasing disposable incomes and a growing inclination toward leading a more comfortable lifestyle. Due to the presence of affordable and efficient production facilities and increased rate of automobile production, Asia Pacific automotive brake caliper market is poised to grow by 3% over 2017-2024. China, India, Japan, and South Korea are projected to be the major contributors toward this regional market, powered by the enhanced automotive manufacturing technologies now prevalent across these economies.
Speaking along similar lines, the increasing demand for automobiles among the middle-class consumers has led to a significant requirement of passenger carrying vehicles. For instance, in 2017 alone, 73.46 million units of PCVs were sold – a marked increase of 1.08 million units. Driven by the increased consumer spending and the subsequent rise in vehicle production, automotive brake caliper market size from PCVs is expected to increase by 3% over 2017-2024.
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While PCVs take the cake in terms of popularity, it is prudent to mention that two-wheelers are also being increasingly preferred lately, especially in the emerging economies. Two wheelers offer a means of cost effective transportation and are the preferred choice not only in congested cities but also in remote locations. This would perpetually augment automotive brake caliper industry outlook in the ensuing years.
Stringent safety and environmental policies have encouraged technological advancements in the automotive brake caliper market of late. For instance, the French auto manufacturer Bugatti has brought forth a unique innovation in automotive brake caliper industry with the use of 3D printing to print titanium brake calipers. Incidentally, 3D printing of brake calipers helps in reducing the overall weight of the vehicle while maintaining torsional stiffness – a highly sought-after parameter in the automotive industry today. Traditional aluminum alloy brake calipers on Bugatti vehicles weigh 4.9 kg each, however, 3D printing of brake calipers makes each caliper weigh just 2.9 kg, which goes a long way in reducing overall vehicle weight and meeting environmental regulations.
Though 3D printing of brake calipers has not yet become a mainstream procedure owing to the time-consuming nature of the process, the concept has gained sufficient traction. Other methodologies for the reduction of caliper mass, improved styling and performance maintenance are also being researched currently to reduce particulates and carbon emission in the atmosphere.
The emergence of electric vehicles and hybrids is expected to add a new vertical to automotive brake caliper industry, as these vehicles will invariably use a whole new braking system that has little resemblance with the conventional braking system. With the introduction of the Tesla Model 3, electric passenger cars are poised to become the dominant trend for the future. It is rather overt that such cars are being designed to have only one paddle for moving or stopping the vehicle. While the brake system will not be made entirely obsolete, it is certain to undergo some highly innovative changes, that would certainly have an influence on automotive brake caliper market outlook.
Research & development programs are rampant across the automotive industry of late and are likely to majorly transform automotive brake caliper market trends. With the robust growth of automated technologies and the increasing requirement for better mobility, automakers are leaving no stone unturned to bring forth newer and enhanced brake systems. In consequence, this would have a commendable impact on automotive brake caliper market size, anticipated to cross $25 billion by 2024.
Author Name : Paroma Bhattacharya
Aviation sector to boost thermal spray coating market over 2017-2024, stringent regulatory framework to encourage innovative product development
In recent times, it has been observed that most of the leading players in thermal spray coating market have been constantly striving to transform the business vertical by means of bringing forth a plethora of innovative spraying systems. These firms have also been looking forward to developing sustainable spraying solutions considering the adverse effect of conventional coatings material on the environment. In this regard, in 2008, the EPA deployed new air pollution regulation rules, which have been applied for the existing thermal spraying processes that emit Hazardous Air Pollutants (HAP). Prominent HAP elements comprise manganese, lead, chromium, cadmium, and nickel. The EPA has also framed the National Emission Standards for Hazardous Air Pollutants (NESHAP) to implement regulatory compliances over the use of HPA emitting spraying process. In order to comply with such regulatory norms, many shipbuilding and refurbishment companies are continuously adopting sustainable and eco-friendly coating technologies, which would have a massive impact on thermal spray coating industry trends over the years ahead.
U.S. Thermal Spray Coating Market, By End-Use Industry, 2013-2024, (USD Million)
It is rather overt that myriad thermal spray coating market giants have been investing considerably in facility expansions in order to capture more business space. For instance, a joint venture of a leading player in thermal spray coating market, Praxair Surface Technologies and GE Aviation, PG Technology has recently decided to expand its coating facility plant based in Singapore considering the growing requirement of the product across the enormously intensifying aerospace sector. At this new facility plant, the company plans to double the electron beam physical vapor deposition coating capacity and install other important aviation-related coating processes. The facility is likely to become operational by 2019. PG Technologies’ move has been projected to increase the competitiveness across Singapore thermal spray coating market. Indeed, this investment in the capacity expansion will also help other Singapore based small scale companies to enhance their capabilities.
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Jet engine manufacturers and companies in aviation sectors are looking forward to implementing next-generation coating technologies in order to enhance the capability of jet engines to withstand high stress and temperatures, which would propel thermal spray coating market outlook. Moreover, the versatility of thermal spraying technology, owing to which it can be used for any type of material including plastic, metal, and ceramic, is one the major benefits that can be credited for its rising preference. In order to maintain the cost-effectiveness and quality of coatings, leading aerospace companies have been signing long-term partnership agreements with pivotal participants in thermal spray coating industry. For instance, a year before, Praxair Surface Technologies, one of the notable thermal spray coating market firms, signed a 10-year contract with the well-known aero engine manufacturer, Rolls Royce. Praxair Surface Technologies’ humongous expertise in coating operations will help Rolls Royce improve its engine efficiency and lifecycle. Thus, pertaining to the surging requirement of spray coatings in the aviation sector, in 2016, aerospace and defense held a revenue of USD 2.5 billion in thermal spray coating industry share.
With the increasing adoption rate of thermal spray coating technologies, several contributors in thermal spray coating market are focusing on the development of innovative and advanced coating technologies incorporated with the benefits of less energy consumption, lesser downtime, improved productivity, high quality products, extended shelf life of products, and lower operating costs. Indeed, in the ensuing years, the growing demand for next-generation engines and high-quality components is slated to generate lucrative opportunities for giants in thermal spray coating industry, that would eventually impact the revenue generation of this business space.
Author Name : Sunil Hebbalkar
Additive manufacturing with metal powders market to chronicle its name in the billion-dollar business space, high demand for titanium alloys to drive the industry growth
Additive manufacturing with metal powders market has observed an appreciable expansion in recent years, essentially pertaining to the fact that the technique helps to build convoluted components that were earlier considered difficult to construct. Today, additive manufacturing has moved beyond the conventional prototyping technology, which has indeed acted as a major driving force for additive manufacturing with metal powders industry growth. Not to mention, the deployment of this technology has led to effective production of components that are now massively demanded across the aerospace, automotive, and medical sectors.
U.S. Additive Manufacturing with Metal Powders Market Size, By Application, 2016 & 2024, (USD Million)
A succinct gist of the material expanse of additive manufacturing with metal powders market
The material spectrum of additive manufacturing with metal powders market is rather extensive and encompasses quite a substantial number of metals and alloys. With robust rise in the number of procedures for additive manufacturing, more and more constituent metals are being involved in the manufacturing process, thereby expanding the material landscape of additive manufacturing with metal powders industry. The most common metal powders used for additive manufacturing are aluminum, stainless steel, cobalt, nickel and titanium alloys. Titanium among these is known to register an exorbitant demand, driven by its formability, light weight, superior strength and corrosion resistance. In fact, estimates claim that titanium alloy based additive manufacturing with metal powders market size will grow at a phenomenal CAGR of 29% over 2017-2024, subject to the material’s extensive deployment in the aerospace industry.
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Stainless steel has been touted as another product that is slated to witness potential growth in the additive manufacturing with metal powders market. This growth can be primarily credited to the material’s ferritic microstructure that makes it corrosion resistant and delivers superior mechanical properties to stainless steel, deeming it prefect for automobile parts, kitchen equipment and industrial appliances. Fueled by its massive application spectrum, stainless steel based additive manufacturing with metal powders industry size is projected to register a valuation of around USD 240 million by 2024.
Though additive manufacturing started out as an effective means for modelling and prototyping, additive manufacturing with metal powders industry has now experienced commendable expansion, subsequently leading to the application of the technique in a plethora of sectors. Industrial domains such as medical, dental, aerospace, automotive, jewelry, furniture, and architecture have been experiencing a touch of 3D printing techniques, while companies partaking in additive manufacturing with metal powders industry have been vying with one another to innovate varied products.
The automotive sector is a prominent end-use domain witnessing the deployment of additive manufacturing. As the demand for lightweight parts has been increasing due to the rising need to curb carbon emissions, auto parts manufactured through 3D printing are being preferred over conventionally manufactured parts. In response, additive manufacturing with metal powders market will witness a CAGR of 25% from automotive applications, over 2017-2024.
One of the chief advantages of additive manufacturing is that it is produced directly from a CAD model, owing to which it is extremely flexible and subsequently finds major applications in highly individualized processes such as dental restorations. Not to mention, the technique’s versatility has led to its deployment in numerous other medical applications. It comes as no surprise therefore, that additive manufacturing with metal powders industry size from medical application is projected to reach USD 200 million by 2024, given that the process would help speed up production time without inflating the costs.
Additive manufacturing is potent enough to be considered as one of the disruptive technologies that can change the entire landscape for design and manufacturing. From artists and designers to huge enterprises, the adoption of additive manufacturing is indeed witnessing a major ascent. In consequence, additive manufacturing with metal powders industry outlook has been observing a positive change of sorts. As the future of components is set to focus on the design for function rather than design for manufacturing, additive manufacturing with metal powders market size is undeniably slated to witness phenomenal growth between 2017 and 2024, with a target estimation of 4.5 kilo tons by 2024, in terms of volume.
Author Name : Paroma Bhattacharya
Global Market Insights Inc. 