Bismaleimide Monomer Market to Reach US$ 80.7 Mn by 2031

The global bismaleimide monomers market (Markt für Bismaleimidmonomer) is projected to reach a valuation of US$ 80.7 Mn by 2031. Specialty polymer and resin manufacturers are expanding their revenue prospects by catering to the demand for advanced bismaleimide resins for developing high-performance composites.

Manufacturers are leaning on consolidating their supply chains by expanding the network of suppliers to make the ecosystem agile against the disruptions caused by the ongoing COVID-19 pandemic. In particular, increased adoption of digitally connected supply chains have allowed many players to make the supply chain more competitive and convey them region-specific regulatory requirements to their raw material suppliers. Furthermore, the deployment of digital production processes has helped many optimize the costs of production and reduce wastage.

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Key Findings of Bismaleimide Monomer Market Study

R&D in Thermosetting Reins and Specialty Polymers Spurs Industrial Use of BMI Resins: The composites industry is keen on harnessing thermosetting resins and specialty polymers to meet the end-use demands for high-performance composites in various industries. Players in the industry have extensively gained from the formulation of composites from high-quality thermosetting resins based on BMIs. An example is in the formulation of composites high-performance electro-optical devices. Broadly, composite manufacturers are keen on constant innovations in proprietary thermosetting BMI resin technologies to overcome the curing limitations and lower brittleness of the polymer. This has spurred research in improving the processability of heat-resistant bismaleimide resins. As a result, they are likely to capture sizable revenue gains in the bismaleimide monomer market by targeting current and emerging industrial & commercial applications.

Demand for High-performance Composites in Automotive, Aeronautics, and Optoelectronics Spurs Growth: Bismaleimide monomers have risen in use in making high-performance adhesives, composites, and moldings for aerospace and electronics applications, notes a TMR study on the bismaleimide monomers market. The constant need for next-gen structural composites for construction and aeronautic applications broadens their revenue potential. Rise in production of BMI resins blended with reactive co-monomers has helped in catering to the demand for composites with better toughness and flexibility in adhesive applications, thus expanding the prospects of the market.

Bismaleimide Monomer Market: Key Drivers

Bismaleimide monomer-based composites have gained popularity as high-performance structural composites and adhesives. Steadily growing application of these in manufacture of aerospace components and military & commercial aircraft structures have enriched the prospects for players in the bismaleimide monomer market. New approaches in processing of BMI resins have further extended the horizon for producers and vendors of composite materials.

Proliferating demand for composites in a wide range of industrial applications is a key driver for the bismaleimide monomer market. Globally growing demand for optoelectronics devices for consumer electronics and range of commercial applications has boosted opportunity generation for producers of bismaleimide monomer-based composites to cater to demands in various industries.

Bismaleimide Monomer Market: Key Players

Various manufacturers of bismaleimide monomers are growing R&D activities in BMI resins that can be formulated to meet the needs of mechanical and electrical properties of advanced composites in multiple industries. Some of the key players in the bismaleimide monomers market are Solvay S.A., Hexcel Corporation, Willing New Materials Technology Co., and Evonik Industries AG. They are keen on expanding production capacities and adopting a mix of organic and inorganic growth strategies to gain stronghold in the market.

Global Bismaleimide Monomer Market: Segmentation

By Type

4,4'-Bismaleimidodiphenylmethane
2,2-Bis[4-(4-Maleimidophenoxy)Phenyl]Propane
Bis(2-Maleimidoethyl) Disulfide
Bis(3-Ethyl-5-Methyl-4-Maleimidophenyl)Methane
Phenylmethane Maleimide
m-phenylene Bismaleimide
4-methyl-1,3-phenylene Bismaleimide
1,6-bismaleimide-(2,2,4-trimethyl)Hexane
BANI-M
Others (N-Cyclohexyl maleimide [CHMI], 4-Maleimidophenol [4-HPM], and 2,2-Bis[4-(4-maleimidophenoxy)phenyl]propane)

By Application

Composites
Adhesives
Others (Optoelectronics and Fabrication)

By End-use

Aerospace
Defense
Electronics
Others (Automotive, Shipbuilding, and Construction)

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