Pmi Foam Market: Huge Growth Opportunities | Industry Trends | Market Analysis & Global Forecast to 2023
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Polymethacrylimide (PMI) foam is developed from expanded imide-modified polyacrylates. PMI is brittle with an elongation of approximately 3 in tension. It offers excellent temperature resistance, thus enabling its use in combination with epoxy prepregs in autoclave manufacturing in up to 180-degree temperature. The cell structure of PMI is very fine with closed cells, and the density ranges from 30 to 300 kg/m3. The thermal conductivity of PMI varies with temperature.
The global PMI foam market is driven by its high adoption rate in the aerospace & defense sector application and its superior properties leading to an application in sporting goods, wind, and transportation sectors. However, the high cost of PMI foam restricts market growth. Though, the augmented use of PMI foam in novel medical applications offers growth opportunity for the market.
Based on application, the market for PMI is divided into aerospace & defense, wind, sporting goods, and transportation. The aerospace & defense application was the highest revenue contributor, accounting for around one-third share in 2016. This is attributed to the rapid usage of PMI composites due to their lightweight feature. The interior and exterior components of an aircraft majorly use PMI foam, as it offers high-temperature resistance.
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Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe was the highest revenue contributor, valued at $15,409 thousand in 2016. Growth in transport production is the major factor responsible for the growth of the PMI foam market in this region.
Key Findings of the PMI Foam Market:
• Europe is expected to continue to lead the market throughout 2016 to 2023, followed by North America.
• Asia-Pacific is projected to register the highest growth rate from 2016 to 2023.
• The LAMEA market contributed one-sixth of the global market revenue in 2016
• U.S. was the highest revenue contributor of the PMI foam market in North America in 2016.
• India is projected to register the highest growth rate from 2016 to 2023 in the Asia-Pacific PMI foam market.
• China and India collectively contributed approximately more than 60% to the Asia-Pacific market revenue in 2016.
• In the same year, Japan contributed approximately one-sixth of the PMI foam market in Asia-Pacific.
The prominent players profiled in this report include Evonik Industries AG, DIAB Group (Ratos), SABIC, BASF SE, 3A Composites, Solvay S.A., Zotefoams Plc, Baoding Meiwo Science & Technology Development Co., Ltd., Cashem Advanced Materials Hi-Tech Co., Ltd., and Jiaxing Sky Composites Co., Ltd.
3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets, by geography
3.3. Market share analysis, 2016
3.4. Porter’s five forces analysis
3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. A threat of new entrants
3.4.4. Threat of substitutes
3.4.5. The intensity of competitive rivalry
3.5. Market dynamics
126.96.36.199. The high adoption rate of PMI foam in the aerospace & defense sector
188.8.131.52. Properties offered by PMI foam
184.108.40.206. The high cost of PMI foam
220.127.116.11. Increase in use of HPFC in the new and existing application
4: PMI FOAM MARKET, BY APPLICATION
4.1.1. Market size and forecast
4.2. AEROSPACE & DEFENSE
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market Size and forecast, by region
4.2.3. Market Size and forecast, by country
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market Size and forecast, by region
4.3.3. Market Size and forecast, by country
4.4. SPORTING GOODS
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market Size and forecast, by country
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market Size and forecast, by country
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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