Polymethacrylimide Foam Market Analysis, Size, Share, Growth, Trends and Forecast 2030
Research Reports
Mar 24, 2022
Polymethacrylimide Foam Market Overview
As per the latest updates, the polymethacrylimide foam market size in 2019 is witnessed at USD 43.59 billion and is expected to grow at the highest CAGR of 10.70% with market size of USD 98.3 billion during the forecast period 2020-2027.
Polymethacrylimide foam (PMI) is a stiff shuttered foam substance composed of polymerizing methacrylamide (MAM) and butyl methacrylate (BMA) copolymer through oxygen radical copolymerization. It has superior characteristics like strong heat resistance, high-temperature resistance, high stability, and can respond to the vacuum autoclave. It provides excellent features like superior properties ratio, heat transfer, high strength, fire retardancy, impact resistance, and creep resistance which enhances the product’s durability and efficiency and also makes this product ideal to use in aerospace and military industries.
Polymethacrylimide foam has high effectiveness in providing lightweight construction and great mechanical strength at the least price. Hence it is highly utilized in the automobile sector. Apart, it is also widely used in various end-use industries like shipbuilding, automobile, sporting equipment, electronics, aerospace & military, and digital healthcare industries. Due to its wide usage in the production of complicated lightweight and specific endurance components, aerospace and military are said to be the second major consumers of polymethacrylimide foam after automotive. Surging demand from sports goods and energy is expected to fuel the market growth.
The polymethacrylimide foam market opportunities are extensive use of polymethacrylimide foam in the healthcare industry is enhancing the market growth.
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Key Players
The major market players in the market are
- Evonik Industries AG
- DIAB Group
- SABIC
- BASF SE
- 3A Composites
- Solvay
- Zotefoams PLC
- Baoding Meiwo Science & Technology Development Co., Ltd.
- Cashem Advanced Materials Hi-Tech Co., Ltd.
- Jiaxing Sky Composites Co., Ltd.
Polymethacrylimide Foam Market Segmentation
The polymethacrylimide foam market is split into two segments based on the type and application.
Type Segmentation: The polymethacrylimide foam types are trifurcated into standard type, fireproof, and radio proof.
Application Segmentation: Based on the application, the polymethacrylimide foam is sectioned into a few forms such as wind energy, automotive & transportation, aerospace & defense, sports goods, and others.
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Regional Classification
Based on the recent research, the polymethacrylimide foam market based on region is partitioned into five major regions such as North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. North America is leading the highest market share due to the presence of large-scale end-use sectors like aerospace and defense industries. The presence of the major consumers of PMI foam like Boeing, Lockheed Martin, United Technologies, General Dynamics, and Northrop Grumman are accelerating the market growth in this region. Europe is predicted to hold a significant share due to the expansion of transportation, wind energy, and aerospace & defense industries. Asia- Pacific is said to be the fastest-growing region due to the significant development of emerging nations like India, South Korea, Malaysia, Thailand, and others.
Recent Development
Evonik Industries opened a new PMI foam production facility in Shanghai, China, in January 2016. The firm hopes to market its products to local clients and generate a constant and consistent supply of products in Asia-Pacific by constructing this third manufacturing site.
Evonik Industries and Secar Technologie GmbH (Austria) launched LiteCon GmbH in September 2013, a joint venture for the development of novel composite products utilising PMI foam as the core material. Evonik owns 49 percent of LiteCon GmbH, an Austrian company that primarily services the automotive and aviation industries.
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Table of Content
Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Polymethacrylimide Foam Market, By Application
1.1.2. Global Polymethacrylimide Foam Market, By Region
Market Introduction
2.1. Definition
2.2. Scope Of The Study
2.3. Market Structure
Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
Market Dynamics
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
4.6. Trends
Market Factor Analysis
5.1. Supply Chain Analysis
5.1.1. Raw Material Suppliers
5.1.2. Polymethacrylimide FoamManufacturers
5.1.3. Distribution & Sales Channel
5.1.4. End-Users
5.2. Porter’s Five Forces Model
5.2.1. Bargaining Power Of Suppliers
5.2.2. Bargaining Power Of Buyers
5.2.3. Threat Of New Entrants
5.2.4. Threat Of Substitutes
5.2.5. Intensity Of Rivalry
5.3. Pricing Analysis(USD/Tons), By Region
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