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Aluminum Foam Market Share

Report ID: GMI6009
Published Date: Nov 2024
Report Format: PDF

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Aluminum Foam Market Share

The global market is moderately fragmented, with prominent players, such as ERG Aerospace Corporation, American Elements Corporation, BEIHAI Composite Materials Co., Ltd., Foamtech Global, CYMAT Technologies Ltd. holding a market share of ~35-40%.

In the market, companies primarily compete through innovation, material performance, and cost efficiency. Key priorities include developing lightweight, high-strength foams that offer superior impact resistance and sound absorption, tailored for industries such as automotive, aerospace, construction, and defense. Manufacturers are increasingly focusing on sustainable production methods and eco-friendly materials to comply with regulatory and environmental standards.

Aluminum Foam Market Companies

Major players operating in the aluminum foam market are:

Alfa Laval
Alufoam GmbH
American Elements Corporation
Ametek Specialty Metal Products
BEIHAI Composite Materials Co., Ltd.
Core Laboratories
CYMAT Technologies Ltd.
Dunlop Aircraft Tyres
ERG Aerospace Corporation
Foamex Innovations
Foamtech Global
Hunan Great Wall Composite Materials Co., Ltd.
Innovent Technologies
SABIC
Zhaoqing Renco Aluminum Foil Co., Ltd.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global aluminum foam industry was valued at USD 41.9 million in 2023 and is anticipated to register a CAGR of over 4.7% between 2024 and 2032, driven by expanding applications in the automotive and aerospace sectors.

The open cell segment recorded USD 23.6 million in 2023 and is expected to grow at a CAGR of 4.6% from 2024 to 2032 due to its superior sound absorption, impact resistance, and lightweight properties.

The U.S. aluminum foam market was valued at USD 6.5 million in 2023 and is projected to grow at a CAGR of 4.9% during the forecast period from 2024 to 2032, driven by increasing demand for lightweight and energy-absorbing materials in the automotive, aerospace, and construction industries.

Key players in the market include Alfa Laval, Alufoam GmbH, American Elements Corporation, Ametek Specialty Metal Products, BEIHAI Composite Materials Co., Ltd., Core Laboratories, CYMAT Technologies Ltd., and Dunlop Aircraft Tyres.