What Happened
Aerospace and Power Electronics Drive 8.71% CAGR
The global carbon foam market is expected to grow significantly, driven by increasing demand from aerospace and defense, as well as expanding thermal-management needs in power electronics. The market is projected to reach $42.86 million by 2031, with a CAGR of 8.71% from 2026 to 2031. Graphitic carbon foam is expected to lead market revenue, with applications in hypersonic vehicles and advanced aerospace systems. This growth was reported by Research and Markets.