High requirement of PMI foam in the aerospace & defense sector drives the global market. Moreover, the superior properties, such as heat resistance and low thermal conductivity, offered by PMI boost its application in sporting goods, wind, and transportation sectors. However, the market growth is restricted due to its high price. Nevertheless, use of high performance foam core (HPFC) in new applications provides a major opportunity for the manufacturers.
The report segments the global PMI foam market based on application and geography. Based on application, the market is classified into aerospace & defense, wind, sporting goods, and transportation. Geographically, it is divided into North America, Europe, Asia-Pacific, and LAMEA. Increase in establishment of aerospace, wind energy, sporting goods, medical, and transportation industries in Europe has made it dominant in the market, accounting for the maximum share.
The major players profiled in this study are as follows:
Evonik industries AG
DIAB Group (Ratos)
Baoding Meiwo Science & Technology Development Co., Ltd.
Cashem Advanced Materials Hi-Tech Co., Ltd.
Jiaxing Sky Composites Co., Ltd.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the PMI foam market to elucidate the prevailing opportunities.
It offers qualitative trends and quantitative analyses from 2016 to 2023 to assist stakeholders to understand the market scenario.
In-depth analysis of the PMI foam in locating the markets across various application
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
The key players are profiled along with their strategies & developments to understand the competitive outlook of the industry.
KEY MARKET SEGMENTS
Aerospace & Defense
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
Composite Systems LLC
Tubus Bauer GmbH
Havel Composites CZ sro
Barracuda Advanced Composites
(The aforementioned companies have not been profiled in the report but can be included on request.)
1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets, by geography
3.3. Market share analysis, 2016
3.4. Porters five forces analysis
3.4.1. Bargaining power of suppliers
3.4.2. Bargaining power of buyers
3.4.3. Threat of new entrants
3.4.4. Threat of substitutes
3.4.5. Intensity of competitive rivalry
3.5. Market dynamics
126.96.36.199. High adoption rate of PMI foam in aerospace & defense sector
188.8.131.52. Properties offered by PMI foam
184.108.40.206. High cost of PMI foam
220.127.116.11. Increase in use of HPFC in new and existing application
CHAPTER 4: PMI FOAM MARKET, BY APPLICATION
4.1.1. Market size and forecast
4.2. AEROSPACE & DEFENSE
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market Size and forecast, by region
4.2.3. Market Size and forecast, by country
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market Size and forecast, by region
4.3.3. Market Size and forecast, by country
4.4. SPORTING GOODS
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market Size and forecast, by country
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market Size and forecast, by country
CHAPTER 5: PMI FOAM MARKET, BY GEOGRAPHY
5.1.1. Market size and forecast
5.2. NORTH AMERICA
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by application
5.2.3. Market size and forecast, by country
18.104.22.168. Market size and forecast, by application
22.214.171.124. Market size and forecast, by application
126.96.36.199. Market size and forecast, by application
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by application
5.3.3. Market size and forecast, by country
188.8.131.52. Market size and forecast, by application
184.108.40.206. Market size and forecast, by application
220.127.116.11. Market size and forecast, by application
18.104.22.168. Market size and forecast, by application
5.3.8. Rest of Europe
22.214.171.124. Market size and forecast, by application
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by application
5.4.3. Market size and forecast, by country
126.96.36.199. Market size and forecast, by application
188.8.131.52. Market size and forecast, by application
184.108.40.206. Market size and forecast, by application
5.4.7. Rest of Asia-Pacific
220.127.116.11. Market size and forecast, by application
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by application
5.5.3. Market size and forecast, by country
18.104.22.168. Market size and forecast, by application
22.214.171.124. Market size and forecast, by application
126.96.36.199. Market size and forecast, by application
5.5.7. Rest of LAMEA
188.8.131.52. Market size and forecast, by application
CHAPTER 6: COMPANY PROFILES
6.1. 3A Composites Holding AG
6.1.1. Company overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Business performance
6.2. Baoding Meiwo Science & Technology Development CO., LTD.
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.3. BASF SE
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. Business performance
6.3.5. Key strategic moves and developments
6.4. Cashem Advanced Materials Hi-Tech Co., Ltd.
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.5. Diab Group
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Business performance
6.6. Evonik Industries AG
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Business performance
6.7. Jiaxing Sky Composites Co. Ltd.
6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Business performance
6.8.5. Key strategic moves and developments
6.9. Solvay S.A.
6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Business performance
6.10. Zotefoams Plc
6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments
6.10.4. Business performance
6.10.5. Key strategic moves and developments
Polymethacrylimide (PMI) foam is developed from expanded imide modified polycryates. PMI is brittle with an elongation of approximately 3 in tension. It offers excellent temperature resistance, thus enabling its use in combination with epoxy prepregs in autoclave manufacturing in up to 180-degree temperature. The cell structure of PMI is very fine with closed cells, and the density ranges from 30 to 300 kg/m3. The thermal conductivity of PMI varies with temperature.
The global PMI foam market is driven by its high adoption rate in the aerospace & defense sector application and its superior properties leading to application in sporting goods, wind, and transportation sectors. However, the high cost of PMI foam restricts the market growth. Though, the augmented use of PMI foam in novel medical applications offers growth opportunity for the market.
Based on application, the market for PMI is divided into aerospace & defense, wind, sporting goods, and transportation. The aerospace & defense application was the highest revenue contributor, accounting for around one-third share in 2016. This is attributed to rapid usage of PMI composites due to their lightweight feature. The interior and exterior components of an aircraft majorly use PMI foam, as it offers high-temperature resistance.
Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe was the highest revenue contributor, valued at $15,409 thousand in 2016. Growth in transport production is the major factor responsible for the growth of the PMI foam market in this region.
Key findings of the PMI Foam Market:
Europe is expected to continue to lead the market throughout 2016 to 2023, followed by North America.
Asia-Pacific is projected to register the highest growth rate from 2016 to 2023.
The LAMEA market contributed one-sixth of the global market revenue in 2016
U.S. was the highest revenue contributor of the PMI foam market in North America in 2016.
India is projected to register the highest growth rate from 2016 to 2023 in the Asia-Pacific PMI foam market.
China and India collectively contributed approximately more than 60% to the Asia-Pacific market revenue in 2016. In the same year, Japan contributed approximately one-sixth of the PMI foam market in Asia-Pacific.
The prominent players profiled in this report include Evonik Industries AG, DIAB Group (Ratos), SABIC, BASF SE, 3A Composites, Solvay S.A., Zotefoams Plc, Baoding Meiwo Science & Technology Development Co., Ltd., Cashem Advanced Materials Hi-Tech Co., Ltd., and Jiaxing Sky Composites Co., Ltd.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.