PMI Foam Market Forecast to 2030 and Key Company Insights

According to a report published by Allied Market Research, the global PMI foam market was valued at $47.0 million in 2020 and is projected to reach $73.3 million by 2030, growing at a CAGR of 4.7% from 2021 to 2030. The study offers an in-depth analysis of evolving market dynamics, major segments, value chain insights, investment opportunities, regional performance, and the competitive landscape.

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The market growth is primarily driven by the rapid expansion of the aerospace and defense sector and the increasing dependence on advanced materials in transportation applications. PMI foam's high strength-to-weight ratio makes it an ideal core material for lightweight structural components. However, epoxy compatibility issues remain a key restraint, limiting adoption in certain composite applications. On the positive side, supportive government policies promoting wind energy are expected to create significant growth opportunities over the forecast period.

Market Segmentation Insights:-

By Application:

- The transportation segment dominated the market in 2020, accounting for around one-third of total revenue, and is expected to maintain its leadership position throughout the forecast period.

- The aerospace and defense segment is anticipated to grow at the fastest CAGR of 5.1% from 2021 to 2030, driven by rising demand for lightweight, high-performance materials.

By Region:

- Europe held the largest market share in 2020, contributing nearly one-third of global revenue, and is projected to remain dominant by 2030.

- Asia-Pacific is expected to register the fastest CAGR of 6.1%, fueled by expanding manufacturing capabilities and growing investments in transportation and renewable energy sectors.

Key Market Players:-

Major companies profiled in the report include:

- 3A Composites Holding AG, Baoding Meiwo Science & Technology Development Co., Ltd., BASF SE, Cashem Advanced Materials Hi-Tech Co., Ltd., Diab Group, Evonik Industries AG, Jiaxing Sky Composites Co. Ltd., SABIC, Solvay S.A., and Zotefoams Plc.

Obtain Report Details: https://www.alliedmarketresearch.com/pmi-foam-market

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Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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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