The market is closely tied to the BMI Resin industry, with PCBs accounting for 65-80% of resin usage, driven by electronics, aerospace, and automotive demand. Key players, including Evonik Industries, JFE Chemical, HOS-Technik GmbH, Daiwakasei Industry, and K.I Chemical Industry Co. Ltd., lead production, with some focusing on internal resin manufacturing while others supply external markets. China’s BMI Resin producers, for instance, rely heavily on imports from Japan, highlighting global supply chain dynamics.
Market Size and Growth Forecast
The global Bismaleimide Monomers market is expected to achieve a value of 120-180 million USD by 2025, with a compound annual growth rate (CAGR) of 5.0-8%. This growth mirrors the expansion of the BMI Resin market, fueled by its increasing use in high-tech applications.Regional Analysis
Regional growth in the BMI Monomers market reflects industrial demand and supply trends:
- Asia Pacific: Projected growth ranges from 5.5-8.5%. China’s reliance on imported monomers for its dominant PCB industry (39.5 billion USD in 2024) and Japan’s high-end electronics sector (6.1 billion USD) drive the region’s leadership. Trends point to sustained import dependency and production growth.
- Europe: Expected growth is 4.5-7%, with Germany and Austria (home to HOS-Technik) focusing on advanced applications in aerospace and electronics.
- North America: Anticipated growth falls between 4.0-6.5%, led by the U.S., where aerospace and defense sectors bolster demand.
Application Analysis
BMI Monomers support the same applications as BMI Resin, with growth tied to resin usage:
- Printed Circuit Boards (PCBs): Growth of 5.5-8.5%. As the primary use (65-80% of resin demand), PCBs drive monomer demand, with the global PCB market at 72.5 billion USD in 2024. Server and storage segments, fueled by AI, project a CAGR of 10% through 2030.
- Carbon Fiber Composites: Projected at 5.0-7.5%. These materials benefit from monomers’ role in creating strong, heat-resistant composites for aerospace and automotive use.
- Structural Adhesives: Expected at 4.5-7%. Monomers enable adhesives for high-performance bonding, with growing industrial adoption.
- Molding Materials: Forecasted at 4.0-6.5%. Used in electronics, this segment leverages monomers’ moldability.
- Coatings: Growth of 3.5-6%. Monomers contribute to durable, high-temperature coatings.
- Others: Estimated at 3.0-5.5%, covering specialized applications.
Key Market Players
The market features key producers with varied roles:
- Evonik Industries: Produces monomers primarily for its own BMI Resin manufacturing, with some external sales.
- JFE Chemical: Supplies monomers to MITSUBISHI GAS CHEMICAL for resin production, supporting Japan’s electronics sector.
- HOS-Technik GmbH: Focuses on monomers for internal resin use and niche external markets.
- Daiwakasei Industry: A Japanese firm supplying regional resin manufacturers.
- K.I Chemical Industry Co. Ltd.: Specializes in high-purity monomers for electronics applications.
Porter’s Five Forces Analysis
- Threat of New Entrants: Low. Technical complexity and established supply chains deter new players.
- Threat of Substitutes: Low. Few alternatives match BMI Monomers’ performance in resin production.
- Bargaining Power of Buyers: High. Resin manufacturers demand quality and reliability, influencing pricing.
- Bargaining Power of Suppliers: Moderate. Limited raw material sources provide leverage, tempered by global trade.
- Competitive Rivalry: Moderate. Competition centers on quality and strategic partnerships rather than price wars.
Market Opportunities and Challenges
Opportunities:
- PCB Market Expansion: AI-driven growth in servers and storage boosts monomer demand.
- Aerospace and Automotive: Increasing use of composites and adhesives opens new avenues.
- China’s Import Reliance: Japan’s export strength creates a stable supply opportunity.
Challenges:
- Production Costs: High synthesis expenses limit scalability.
- Regulatory Oversight: Chemical safety standards add complexity.
- Dependency on Resin Market: Growth is tied to BMI Resin adoption.
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Table of Contents
Companies Mentioned
- Evonik Industries
- JFE Chemical
- HOS-Technik GmbH
- Daiwakasei Industry
- K.I Chemical Industry Co. Ltd.