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Metal Foam Market Trends

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

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Metal Foam Market Trends

The electronics sector's need for advanced thermal management and acoustic insulation is another significant driver for the metal foam business. As electronic devices become more compact and powerful, effective noise and vibration management has become crucial. Metal foams are utilized in devices such as computers, servers, and telecommunications equipment to mitigate noise from internal fans and moving components.

In the medical sector, metal foams are gaining traction for use in implants, prosthetics, and bone scaffolds due to their biocompatibility and unique properties. Titanium foam, in particular, is extensively used in medical implants because of its excellent biocompatibility and porous structure, which closely resembles human bone. This makes it ideal for bone scaffolds and implants, providing bone-like strength and promoting better integration with surrounding tissues.

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.