PMI Foam Market Analysis | 2023-2028

“The PMI Foam Market was estimated at US$ 43.75 million in 2022 and is expected to grow at a CAGR of 10.6% during 2023-2028 to reach US$ 80.3 million by 2028.”

Wish to get a free sample? Register Here

Market Dynamics

Introduction

PMI Foam (Polymethacrylimide) foam is a lightweight rigid material that has high durability and is mainly used for high-performance products. PMI foam is characterized by good mechanical performance attributes, high specific strength and toughness, and microthermal stability. They are commonly used in applications that require enhanced mechanical properties and low weight such as aerospace, automobile, and production of sports equipment.

Market Drivers

The major growth drivers underpinning the market for PMI foams are-

• Increasing use of composites in the aerospace and defense industries.

• Commonly used as a core material in sandwich structures provides stiffness and reduces the weight of composite panels.

• Withstands extreme conditions.

• Resists chemical degradation.

• Preferred by engineers and designers for reliable, high-performance solutions.

Segments Analysis

Want to get more details about the segmentations? Register Here

By Application Type

"Aerospace & defense application is expected to remain the fastest-growing application during the forecast period." 

The market is segmented into aerospace & defense, wind energy, sporting goods, transportation, and others. PMI foam offers great features, such as high impact strength, excellent mechanical strength, and creep resistance, which fuels its usage in high-performance applications. It also offers properties such as smoke, superior fire, and toxicity retardancy and can be processed with all the resin systems that are commonly used. PMI foam core is mostly used in applications such as exterior structures of aircraft, space vehicles, and helicopters.

Regional Analysis

"Asia-Pacific is estimated to witness the highest growth rate during the forecast period." 

The increasing demand for PMI foams in Asia-Pacific is due to the growth of wind energy, sporting goods, and the aerospace & defense industries. Europe is estimated to be the largest consumer and North America is also expected to offer substantial growth opportunities during the forecast period.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the PMI foam market (arranged alphabetically).

• 3A Composites
• BASF SE
• Cashem Advanced Materials Hi-Tech Co., Ltd.
• DIAB Group (Ratos)
• Evonik Industries AG
• Jiaxing Sky Composites Co., Ltd.
• SABIC
• Solvay S.A.
• Zhengzou Meiwo Science & Technology Development Co., Ltd
• Zotefoams PLC.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at [email protected]

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].