全球泡沫鋁市場 - 2023-2030

概述

2022年全球泡沫鋁市場規模達4,380萬美元，預計2030年將達到6,570萬美元，2023-2030年預測期間CAGR為5.2%。

汽車行業對輕量化的日益關注提高了燃油經濟性並減少了排放。由於其卓越的強度重量比，泡沫鋁是生產汽車輕量化零件的備受青睞的材料，從而促進永續性和能源效率。

泡沫鋁市場正在不斷擴大，這在很大程度上得益於航空航太和軍事領域。該材料具有高能量吸收和輕質特性的特殊組合，使其非常適合用於航空航太、裝甲車和防禦建築應用。由於軍事技術的不斷進步以及對堅固、輕質材料的需求，泡沫鋁越來越受歡迎，這有助於該行業的整體成長。

亞太地區是全球泡沫鋁市場的成長地區之一，佔超過1/3的市場。永續和節能技術在亞太地區受到越來越多的關注。由於泡沫鋁可回收並可用於建造吸能建築，因此泡沫鋁支持這些目標，並幫助運輸和建築業採用更安全、更永續的方法。

動力學

建築業對能源效率的日益關注

建築領域對能源效率和永續建築技術的日益關注是推動全球泡沫鋁市場的另一個主要因素。泡沫鋁的隔熱性能使其成為建築中理想的材料，有助於提高建築能源效率。

此外，該材料的重量適中，使得施工期間的搬運和運輸更加容易，並整體降低了專案費用。預計全球建築業將實施更嚴格的能源法規和永續建築要求，這將導致泡沫鋁的需求增加。對於隔音和絕緣應用中使用的材料尤其如此。

例如，2023 年，Cymat Technologies Ltd. 開始為一家電動車製造商生產原型車零件。該公司與其設計合作夥伴 Tesseract Structural Innovations, Inc. 合作，使用先進的泡沫鋁夾層結構開發了創新解決方案。該設計採用超薄版高密度 SmartMetal 泡棉鋁，旨在為新型電動車的電池外殼提供改進的底部碰撞保護。

汽車產業的需求不斷增加

泡沫鋁是一種廣受歡迎的零件材料，由於其輕質特性，有助於減輕車輛的總重量。隨著汽車產業更加關注環境永續性和能源效率，製造商逐漸在各種應用中使用泡棉鋁，包括車身面板、碰撞管理系統和結構部件。

例如，2021 年，Cymat Technologies Ltd. 收購了 ADI Technologies, Incorporated，增強了其進入美國國防市場的機會。 ADI 擁有 30 多年的經驗，為美國國防部門的產品提供行銷和銷售服務。根據協議，ADI 將引進並尋求與美國軍方簽訂 Cymat 穩定泡沫鋁 (SAF) 產品合約。

原物料價格波動

原料（尤其是鋁）的價格波動是全球泡沫鋁市場的主要障礙。泡沫鋁製造公司的生產費用可能會直接受到全球鋁價波動的影響。

鋁業的價格波動是由多種原因造成的，例如供應鏈中斷、宏觀經濟狀況和地緣政治事件。由於材料成本的不可預測性，泡沫鋁製造商難以預測和有效控制其費用，這可能會影響利潤率和整個市場的穩定性。

生產成本高

泡沫鋁製造過程中使用的能源密集方法顯著提高了製造成本。泡沫製造非常複雜，需要專業的鑄造或粉末冶金程序，以及現代技術和專業工人。此外，在使用鋁時，特別是在泡沫方面，必須仔細控制整個生產過程中的壓力和溫度等變數。

整體而言，這些變數導致生產成本上升，嚴重阻礙市場擴張。泡沫鋁在各個領域的廣泛使用可能會受到其高製造成本的影響，這可能會限制其與其他材料競爭的能力。

目錄

第 1 章：方法與範圍

• 研究方法論
• 報告的研究目的和範圍

第 2 章：定義與概述

第 3 章：執行摘要

• 按產品分類
• 按類型分類的片段
• 按材料分類
• 按應用程式片段
• 最終使用者的片段
• 按地區分類的片段

第 4 章：動力學

• 影響因素
  • 促進要素
    • 建築業能源效率日益受到關注
    • 汽車產業的需求不斷增加
  • 限制
    • 原物料價格波動
    • 生產成本高
  • 機會
  • 影響分析

第 5 章：產業分析

• 波特五力分析
• 供應鏈分析
• 定價分析
• 監管分析
• 俄烏戰爭影響分析
• DMI 意見

第 6 章：COVID-19 分析

• COVID-19 分析
  • 新冠疫情爆發前的情景
  • 新冠疫情期間的情景
  • 新冠疫情後的情景
• COVID-19 期間的定價動態
• 供需譜
• 疫情期間政府與市場相關的舉措
• 製造商策略舉措
• 結論

第 7 章：依產品

• 開孔泡棉
• 閉孔泡棉
• 其他

第 8 章：按類型

• 面板
• 積木
• 挫敗
• 其他

第 9 章：依材料分類

• 鋁合金
• 純鋁
• 其他

第 10 章：按應用

• 能量吸收器
• 熱交換器
• 阻尼結構
• 濾
• 絕緣
• 其他

第 11 章：最終用戶

• 汽車與運輸
• 航太與國防
• 建築與施工
• 化學
• 其他

第 12 章：按地區

• 北美洲
  • 美國
  • 加拿大
  • 墨西哥
• 歐洲
  • 德國
  • 英國
  • 法國
  • 俄羅斯
  • 西班牙
  • 歐洲其他地區
• 南美洲
  • 巴西
  • 阿根廷
  • 南美洲其他地區
• 亞太
  • 中國
  • 印度
  • 日本
  • 澳洲
  • 亞太其他地區
• 中東和非洲

第13章：競爭格局

• 競爭場景
• 市場定位/佔有率分析
• 併購分析

第 14 章：公司簡介

• ERG Aerospace Corporation
• 公司簡介
• 產品組合和描述
• 財務概覽
• 主要進展
• Cymat Technologies Ltd.
• Aluinvent SA
• Havel Metal Foam
• Shilpa Enterprises
• American Elements Corporation
• Beihai Composite Materials Co., Ltd.
• Pohltec Metalfoam GmbH
• VIM Technologies, Inc.
• Nanoshel LLC

第 15 章：附錄

Overview

Global Aluminum Foam Market reached US$ 43.8 Million in 2022 and is expected to reach US$ 65.7 Million by 2030, growing with a CAGR of 5.2% during the forecast period 2023-2030.

The automobile industry's increasing focus on lightweight enhances fuel economy and decreases emissions. Because of its remarkable strength-to-weight ratio, aluminum foam is a highly favored material for producing lightweight components for automobiles, hence promoting sustainability and energy efficiency.

The market for aluminum foam is expanding due in large part to the aerospace and military sectors. The material's special blend of high energy absorption and lightweight characteristics makes it perfect for use in aerospace, armored car and defensive construction applications. Aluminum foam has been more popular due to continuous improvements in military technology and the demand for strong, lightweight materials, which has helped the industry grow overall.

Asia-Pacific is among the growing regions in the global aluminum foam market covering more than 1/3rd of the market. Sustainable and energy-efficient technologies are receiving more attention in the Asia-Pacific. Because it is recyclable and can be used to create energy-absorbing buildings, aluminum foam supports these goals and helps the transportation and construction sectors adopt safer and more sustainable methods.

Dynamics

Increased Attention to Energy Efficiency in the Construction Sector

The growing focus on energy efficiency and sustainable building techniques in the construction sector is another major factor driving the global aluminum foam market. The thermal insulation qualities of aluminum foam make it a desirable material for use in construction, contributing to increased building energy efficiency.

Furthermore, the material's modest weight makes handling and shipping during construction easier and lowers project expenses overall. The global construction industry is anticipated to implement more strict energy regulations and sustainable building requirements, which will lead to a rise in demand for aluminum foam. The is particularly true for materials used in soundproofing and insulation applications.

For Instance, in 2023, Cymat Technologies Ltd. initiated the production of prototype automotive components for an electric vehicle manufacturer. The company, in collaboration with its design partner Tesseract Structural Innovations, Inc., has developed an innovative solution using an advanced aluminum foam sandwich structure. The design, incorporating an ultra-thin version of high-density SmartMetal aluminum foam, aims to provide improved underside impact protection for the battery enclosure of a new electric vehicle.

Increasing Demand in the Automobile Sector

Aluminum foam is a highly sought-after material for components that aid in reducing the total weight of vehicles due to its lightweight characteristics. Manufacturers are progressively using aluminum foam in a variety of applications, including body panels, crash management systems and structural components, as the automobile industry concentrates more focus on environmental sustainability and energy efficiency.

For Instance, in 2021, Cymat Technologies Ltd. acquired ADI Technologies, Incorporated, enhancing its access to U.S. defense markets. ADI, with over 30 years of experience, provides marketing and sales services for products in U.S. defense sector. Under the agreement, ADI will introduce and pursue U.S. contracts with the military for Cymat's stabilized aluminum foam (SAF) products.

Price Volatility of Raw Materials

The price volatility of raw materials, especially aluminum, is a major impediment to the globally market for aluminum foam. Production expenses for companies that make aluminum foam can be directly impacted by fluctuations in the price of aluminum globally.

Price volatility in the aluminum business is caused by a number of causes, such as supply chain interruptions, macroeconomic conditions and geopolitical events. Aluminum foam manufacturers find it difficult to forecast and efficiently control their expenses due to the unpredictability of material costs, which might have an impact on profit margins and the stability of the market as a whole.

High Production Costs

The involved and energy-intensive methods used in the creation of aluminum foam raise the cost of manufacturing significantly. Foam manufacture is complex and calls for specialist casting or powder metallurgy procedures, as well as modern technology and expert workers. Furthermore, careful control over variables like pressure and temperature throughout the production process is necessary when using aluminum, particularly when it comes to foam.

As evaluated as a whole, these variables lead to higher production costs, which can seriously impede market expansion. The extensive use of aluminum foam in a variety of sectors may be impacted by its high manufacturing costs, which might limit its ability to compete with other materials.

Segment Analysis

The global aluminum foam market is segmented based on product, type, material, application, end-user and region.

Rising Closed Cell Foam in Industrial Applications

The closed-cell foam segment is among the growing regions in the global aluminum foam market covering more than 1/3rd of the market. Closed-cell aluminum foam's unique features and wide range of industrial applications are propelling its expansion in the global market. The sealed structure of closed-cell aluminum foam stops gases and liquids from passing through its cells. Because of this property, it's a great option for situations where impact absorption, buoyancy and insulation are essential.

Closed-cell aluminum foam is being utilized more and more in industries such as automobile manufacturing to provide lightweight constructions and crash management systems that improve fuel efficiency and safety. Furthermore, the insulating qualities of closed-cell aluminum foam make it useful in the building sector for uses like soundproofing and thermal insulation.

Geographical Penetration

Expanding Automotive Sector and Increasing Demand in Lightweight, High-Strength Materials in Asia-Pacific

Asia-Pacific has been a dominant force in the global aluminum foam market is being driven by demand from the building and infrastructure end-use sectors as well as the automotive industry. China has a substantial market share in the globally aluminum foam industry and is anticipated to see the highest growth throughout the projected period. The rapid industrialization and urbanization in countries such as China and India have led to an escalating demand for lightweight, high-strength materials across various sectors.

Aluminum foam, renowned for its outstanding strength-to-weight ratio and versatility, is witnessing increased recognition and utilization. Its application in industries like aerospace, construction and automotive aligns seamlessly with the evolving requirements of these nations as they undergo significant economic and infrastructural transformations.

The Asia-Pacific automobile sector has played a major role in driving up demand for aluminum foam. Automotive makers are increasingly using lightweight materials like aluminum foam for components that improve overall vehicle performance, with an emphasis on fuel efficiency, pollution reduction and the development of electric vehicles. The region's growing middle class has also increased demand for cars, which has pushed the market for aluminum foam upwards.

The usage of aluminum foam in the construction industry has increased as a result of continuing infrastructure development initiatives in nations like China and India. The material is appealing for use in architecture and construction because of its capacity to give structural strength and its qualities as thermal and acoustic insulation. The need for aluminum foam in the construction sector is anticipated to expand steadily as long as the area keeps investing in infrastructure projects.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant influence on the globally aluminum foam industry, influencing the dynamics of supply and demand. Production and delivery of aluminum foam products have been hampered by supply-side interruptions in manufacturing and logistical processes.

Emergency measures, a lack of labor and limitations on foreign commerce have all added to supply chain delays that have an impact on the prompt delivery of raw materials and completed items. Manufacturers are now unclear about the effects of the pandemic, which might mean changes to supply chain resilience initiatives and manufacturing tactics in the aluminum foam sector.

The pandemic's economic effects have impacted consumer behavior and industrial operations, which has a direct effect on the market for aluminum foam on the demand side. Reduced consumer spending, project delays and travel restrictions caused downturns in several end-user industries, including aircraft, automotive and construction.

Aluminum foam is used extensively in these industries for purposes such as impact absorption, thermal insulation and lightweight construction. Because of this, there was a decrease in the demand for aluminum foam overall during the pandemic as producers adjusted their business plans to deal with the uncertainty and financial difficulties brought on by the globally health emergency.

Russia-Ukraine War Impact Analysis

The globally aluminum foam market has been significantly impacted by the Russia-Ukraine war, mostly because of supply chain interruptions and geopolitical concerns that have influenced the production and delivery of essential raw materials. Bauxite, a crucial ingredient in the manufacture of aluminum, is produced in large quantities in Ukraine; any disturbances in the area might result in a scarcity of this vital resource.

Because of that, it might be difficult for producers of aluminum foam to find a sufficient and consistent supply of raw materials, which could cause price volatility and supply chain disruptions. In addition, concerns about the conflict's effects on international commerce and the region's general economic stability have been voiced.

The general demand for aluminum foam products may be impacted by businesses' and investors' reluctance due to the unpredictability of the geopolitical environment. Further complicating international commerce and impacting the aluminum foam market are the war-related sanctions placed on Russia and the possible knock-on consequences on other economies.

By Product

• Open Cell Foam
• Closed Cell Foam
• Others

By Type

• Panels
• Blocks
• Foil
• Others

By Material

• Aluminum Alloy
• Pure Aluminum
• Others

By Application

• Energy Absorber
• Heat Exchanger
• Damping Structures
• Filtration
• Insulation
• Others

By End-User

• Automotive & Transportation
• Aerospace & Defense
• Building & Type
• Chemical
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On February 19, 2021, GRUPPO SOGIMI launched ALUINVENT, an aluminum foam panel made entirely from 100% recycled materials and fully recyclable. The versatile panel can be opened on one or both sides, making it suitable for various design preferences. The backlit version is ideal for lighting projects and users can choose between a natural-colored aluminum or an electrostatic powder-coated version from the RAL color scale. ALUINVENT reflects GRUPPO SOGIMI's commitment to sustainability and provides a flexible and eco-friendly solution for design applications.

Competitive Landscape

The major global players in the market include: ERG Aerospace Corporation, Cymat Technologies Ltd., Aluinvent SA, Havel Metal Foam, Shilpa Enterprises, American Elements Corporation, Beihai Composite Materials Co., Ltd., Pohltec Metalfoam GmbH, VIM Technologies, Inc. and Nanoshel LLC.

Why Purchase the Report?

• To visualize the global aluminum foam market segmentation based on product, type, material, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of aluminum foam market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global aluminum foam market report would provide approximately 77 tables, 83 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Product
• 3.2. Snippet by Type
• 3.3. Snippet by Material
• 3.4. Snippet by Application
• 3.5. Snippet by End-User
• 3.6. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Growing Focus on Energy Efficiency in the Construction Industry
    • 4.1.1.2. Increasing Demand in the Automobile Sector
  • 4.1.2. Restraints
    • 4.1.2.1. Price Volatility of Raw Materials
    • 4.1.2.2. High Production Costs
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's Five Force Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis
• 5.5. Russia-Ukraine War Impact Analysis
• 5.6. DMI Opinion

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID
  • 6.1.2. Scenario During COVID
  • 6.1.3. Scenario Post COVID
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers Strategic Initiatives
• 6.6. Conclusion

7. By Product

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 7.1.2. Market Attractiveness Index, By Product
• 7.2. Open Cell Foam*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Closed Cell Foam
• 7.4. Others

8. By Type

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 8.1.2. Market Attractiveness Index, By Type
• 8.2. Panels*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Blocks
• 8.4. Foil
• 8.5. Others

9. By Material

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
  • 9.1.2. Market Attractiveness Index, By Material
• 9.2. Aluminum Alloy*
  • 9.2.1. Introduction
  • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3. Pure Aluminum
• 9.4. Others

10. By Application

• 10.1. Introduction
  • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 10.1.2. Market Attractiveness Index, By Application
• 10.2. Energy Absorber*
  • 10.2.1. Introduction
  • 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 10.3. Heat Exchanger
• 10.4. Damping Structures
• 10.5. Filtration
• 10.6. Insulation
• 10.7. Others

11. By End-User

• 11.1. Introduction
  • 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 11.1.2. Market Attractiveness Index, By End-user
• 11.2. Automotive & Transportation*
  • 11.2.1. Introduction
  • 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 11.3. Aerospace & Defense
• 11.4. Building & Construction
• 11.5. Chemical
• 11.6. Others

12. By Region

• 12.1. Introduction
  • 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 12.1.2. Market Attractiveness Index, By Region
• 12.2. North America
  • 12.2.1. Introduction
  • 12.2.2. Key Region-Specific Dynamics
  • 12.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 12.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 12.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
  • 12.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 12.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 12.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 12.2.8.1. U.S.
    • 12.2.8.2. Canada
    • 12.2.8.3. Mexico
• 12.3. Europe
  • 12.3.1. Introduction
  • 12.3.2. Key Region-Specific Dynamics
  • 12.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 12.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 12.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
  • 12.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 12.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 12.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 12.3.8.1. Germany
    • 12.3.8.2. UK
    • 12.3.8.3. France
    • 12.3.8.4. Russia
    • 12.3.8.5. Spain
    • 12.3.8.6. Rest of Europe
• 12.4. South America
  • 12.4.1. Introduction
  • 12.4.2. Key Region-Specific Dynamics
  • 12.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 12.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 12.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
  • 12.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 12.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 12.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 12.4.8.1. Brazil
    • 12.4.8.2. Argentina
    • 12.4.8.3. Rest of South America
• 12.5. Asia-Pacific
  • 12.5.1. Introduction
  • 12.5.2. Key Region-Specific Dynamics
  • 12.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 12.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 12.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
  • 12.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 12.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 12.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 12.5.8.1. China
    • 12.5.8.2. India
    • 12.5.8.3. Japan
    • 12.5.8.4. Australia
    • 12.5.8.5. Rest of Asia-Pacific
• 12.6. Middle East and Africa
  • 12.6.1. Introduction
  • 12.6.2. Key Region-Specific Dynamics
  • 12.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
  • 12.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
  • 12.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Material
  • 12.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 12.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

13. Competitive Landscape

• 13.1. Competitive Scenario
• 13.2. Market Positioning/Share Analysis
• 13.3. Mergers and Acquisitions Analysis

14. Company Profiles

• 14.1. ERG Aerospace Corporation*
  • 14.1.1. Company Overview
  • 14.1.2. Product Portfolio and Description
  • 14.1.3. Financial Overview
  • 14.1.4. Key Developments
• 14.2. Cymat Technologies Ltd.
• 14.3. Aluinvent SA
• 14.4. Havel Metal Foam
• 14.5. Shilpa Enterprises
• 14.6. American Elements Corporation
• 14.7. Beihai Composite Materials Co., Ltd.
• 14.8. Pohltec Metalfoam GmbH
• 14.9. VIM Technologies, Inc.
• 14.10. Nanoshel LLC

LIST NOT EXHAUSTIVE

15. Appendix

• 15.1. About Us and Services
• 15.2. Contact Us