Bismaleimide (BMI) Resins Market:--- to reach USD 147.38 million by 2029, registering a CAGR of 5.0 %,size, segments, Key Drivers Analysis

BMI resins have increased dramatically as the global demand for composites and molding has increased. The growth of the global BMI resins market is predicted to be driven by an increase in production and demand for electronics. For advanced composites, BMI resins serve as a matrix. The aerospace and military industry's need for BMI resins is growing due to increased demand in composites and various other applications. Numerous factors influence the worldwide BMI resins market, including rising use of BMI resins in different end-user sectors, such as aerospace, electronics, and the military.

Data Bridge Market Research analyses that the bismaleimide (BMI) resins market was valued at USD 99.75 million in 2021 and is expected to reach USD 147.38 million by 2029, registering a CAGR of 5.0 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-bismaleimide-bmi-resins-market    

Market Definition

A BMI resin is also known as Bismaleimide resins (BMI). It is a yellow to brownish fine crystalline powder, which is a new class of thermosetting polymers that are used mainly by industry because they combine several unique features, including excellent physical property, preservation at elevated temperatures and in wet environments, almost constant electrical properties over a wide range of temperatures and no flammability properties. Bismaleimide resin has become a leading type of thermosetting polyimides.

Some of the major players operating in the bismaleimide (BMI) resins market are:

Evonik Industries AG (Germany)
Hexcel Corporation (U.S)
HOS-Technik Vertriebs- und Produktions-GmbH (Austria)
Huntsman International LLC (U.S)
Solvay (Belgium)
Mitsubishi Chemical Carbon Fiber and Composites, Inc. (U.S)
Renegade Materials corporation (U.S)
ABR Organics Limited (India)
Xianyang Qin Yang Chemical Co., Ltd. (China)
Toray Advanced Composites (U.S)
3M (U.S)
Northern Composites (U.S)
Teijin Armid B.V. (Japan)
CAPLINQ Corporation (Canada)

Global Bismaleimide (BMI) Resins Market Scope

The bismaleimide (BMI) resins market is segmented on the basis of types, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Bismaleimide Resin Powder
Bismaleimide Resin Solution

Application

Composites
Adhesive
Moldings
Others

End-User

Aerospace
Automotive
Military
Electronics
Others

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