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Metal Foam Market Share

Report ID: GMI3723
Published Date: Nov 2024
Report Format: PDF

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Metal Foam Market Share

Global Metal Foam Company Market Share Analysis, 2023

In 2023, key companies like Cymat, ERG Aerospace, Nanoshel, Ultramet, etc. held a combined market share of 20-25%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced metal foam that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Metal Foam Market Companies

Major players operating in the metal foam industry are:

Advance MNM
American Elements
Bauer
Cnem
Cymat
ERG Aerospace
Nano Research Elements
Nanoshel
Raede
Shanxi Putai Aluminum Foam Manufacturing
Sumitomo Electric Industries
Ultramet

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for metal foam was reached USD 83.3 million in 2023 and is estimated to grow at a 4.9% CAGR from 2024 to 2032, driven by the rising demand for lightweight materials in key industries.

The aluminum segment in the metal foam market was recorded USD 35.4 million in 2023 and is expected to grow at a CAGR of 5.6% from 2024 to 2032, due to its lightweight and high-strength properties.

The closed-cell foam segment held around 56% of the market share in 2023 and is anticipated to grow at a CAGR of 4.6% through 2032, as it offers superior strength and durability.

The U.S. metal foam market was valued at USD 17.8 million in 2023 and is expected to grow at a CAGR of over 5.4% from 2024 to 2032, led by stringent regulations from the EPA and NHTSA for reduced emissions and improved fuel economy.

Key players in the metal foam industry include Advance MNM, American Elements, Bauer, Cnem, Cymat, ERG Aerospace, Nano Research Elements, Nanoshel, Raede, Shanxi Putai Aluminum Foam Manufacturing, Sumitomo Electric Industries, and Ultramet.