18-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Polymethacrylimide Foam Market By Application (Aerospace, Automotive, Wind Turbines, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global polymethacrylimide foam market in 2019 was approximately USD 63 million. The market is expected to grow at a CAGR of 9.9% and is anticipated to reach around USD 121 million by 2026.
Polymethacrylimide Foam is made up of butyl methacrylate (BMA)/methacrylamide (MAM) copolymer formed by solution polymerization by free radical copolymerization, and then PMI foam was developed by copolymerizing BMA / MAM. Polymethacrylimide (PMI) foam is a rigid foam material that is closed-cell, with outstanding performance and consistency. It can be used as a core material to overcome general foam core materials for a high-performance sandwich composite fibre structure. Its performance characteristics include high mechanical properties, high specific energy, isotropic, under the same density conditions.
Browse the full “Polymethacrylimide Foam Market By Application (Aerospace, Automotive, Wind Turbines, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/polymethacrylimide-foam-market-by-application-aerospace-automotive-wind-1225
Rising usage of polymethacrylimide foam among end-use industries such as such as construction, aerospace and automotive is driving the market. Moreover, growing automobile production especially in Asian countries including as India, Indonesia, Thailand, and China is expected to boost the sales of the polymethacrylimide foam. In addition, the properties offered by polymethacrylimide foam, such as its high solvent resistance, and low thermal conductivity, will bolster the demand of it in applications such as wind, sporting goods, and transportation industries. However, high cost of polymethacrylimide foam refrain the market growth globally. In future years ahead, PMI foam application in the medical industry will offer opportunities for expansion.
On the basis of application, the polymethacrylimide foam market has been segment into aerospace, automotive, and wind turbines among others. High impact strength in comparison to honeycomb core product is increasing the use of PMI material in these applications. HPFC additionally provides strength to components that are used in aerospace & defense application. Thereby, aerospace is highly dominating the market. Moreover, in wind turbine, PMI gives blade designers the competitive edge in creating lightweight turbine blades for both traditional onshore facilities and the expanding offshore wind energy segment. PMI facilitates eliminates maintenance costs as they are corrosion resistant. Thereby, such high performance of this material will offer lucrative opportunities in automotive industry.
On the basis of geography, the market for polymethacrylimide foam is classified into Asia Pacific, North America, Europe, Latin America, Middle East and Africa. North America holds the largest market share owing to its significant rise in the penetration of polymethacrylimide polymer foam in the region on account of their superior material characteristics. Asia Pacific is anticipated to offer opportunities over the analysis period owing to its rise in automotive industry. The regions are further analyzed into major countries in this research report are the U.S., Mexico, Germany, UK, Canada, France, China, Italy, India, South Korea, Japan, Brazil, UAE, Egypt, Kuwait, and South Africa among others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 63 Million |
Projected Market Size in 2026 |
USD 121 Million |
CAGR Growth Rate |
9.9% CAGR |
Base Year |
2019 |
Forecast Years |
2019-2026 |
Key Market Players |
SABIC, 3A Composites, Evonik Industries AG, BASF SE, Haobo Innovative Material Tech, Zotefoams plc, Airbus SAS, Airbus Helicopters, DIAB Group AB, Solvay SA, GKN Westland Helicopters, and DuPont among others. |
Key Segment |
By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
SABIC, 3A Composites, Evonik Industries AG, BASF SE, Haobo Innovative Material Tech, Zotefoams plc, Airbus SAS, Airbus Helicopters, DIAB Group AB, Solvay SA, GKN Westland Helicopters, and DuPont among others.
This report segments the Polymethacrylimide Foam market as follows:
By Application Segmentation Analysis
- Aerospace
- Automotive
- Wind Turbines
- Others
By Regional Segmentation Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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