The global metal foam market size was worth around USD 86.21 million in 2023 and is predicted to grow to around USD 128.01 million by 2032 with a compound annual growth rate (CAGR) of roughly 4.49% between 2024 and 2032.
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Growth Drivers of the Metal Foam Market
The global metal foam market study encompasses an evaluation and analysis on a regional and global scale. A comprehensive assessment of the market, rivalry, emerging trends, opportunities, and industry-validated market statistics is provided in the report. The research report provides significant data for 2019, 2020, and 2021, as well as an estimation of revenue (USD Million) from 2024 to 2032.
Metal foam is a foam that is composed of solid metal, typically aluminium, and has gas-filled cavities. This structure accounts for a significant portion of the foam’s volume. Metal foams are frequently produced by injecting a gas or combining a foaming agent with the molten metal. Metal foams are cellular materials that are lightweight and offer insulation, vibration reduction, and a cushioning effect.
Metal foam is utilised in a diverse array of industries, including aerospace, automotive, infrastructure, and communication. It is expected that the metal foam market will experience significant development during the forecast period due to the expansion of the industrial sector in each sector. The market development is being further accelerated by the combination of rapid urbanisation and an increase in construction activities.
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The Global Metal Foam Market is segmented based on product, application and region
Global Metal Foam Market: Product Segment Analysis
● Open Cell
● Closed Cell
Global Metal Foam Market: Application Segment Analysis
● Automotive
● Aerospace
● Building & Construction
●Healthcare
● Energy
● Others
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The Global Metal Foam market profiles key players such as:
● Nanoshel
● American Elements
● Ultramet
● AlCarbon
● Shanxi Putai Aluminum Foam Manufacturing Co Ltd
● Reade International Corp
● Spectra-Mat
● Erg Aerospace Corporation
● Aluntam Corp
● Bauer Cases, Inc
● Cymat
Regional Perspectives on the Metal Foam Market
In 2018, the Asia-Pacific region has held the majority of the market share in terms of revenue. This can be attributed to the region’s increasing disposable income, accelerated urbanisation, and improving economic conditions. The market is anticipated to experience further growth in the forecast years as a result of the increased construction activities in the region, particularly in China and India. The demand for metal foam has been bolstered by the growing production of the automobile sector in the European region.
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