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PMI Foam Market Report
PMI Foam Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026
PMI Foam Market is likely to witness an impressive CAGR of 10.4% during the forecast period. The major growth drivers underpinning the market for PMI foams are its exceptional features and the increasing usage of composite in the aerospace & defense industry for various applications.
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PMI Foam Market - Snapshot |
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Growth |
10.4% for the next five years |
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Fastest-growing Application Type |
Aerospace & Defense |
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Region with the highest demand |
Asia-Pacific |
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Key Players |
3A Composites, BASF SE, Zhengzou Meiwo Science & Technology Development Co., Ltd, Cashem Advanced Materials Hi-Tech Co., Ltd., DIAB Group (Ratos), Evonik Industries AG, Jiaxing Sky Composites Co., Ltd., SABIC, Solvay S.A., and Zotefoams PLC. |
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Based on the application type, the market is segmented as aerospace & defense, wind energy, sporting goods, transportation, and others. The aerospace & defense application is expected to remain the fastest-growing application in the PMI foam market during the forecast period. 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.
In terms of regions, Europe is estimated to be the largest consumer and Asia-Pacific is estimated to witness the highest growth rate in the PMI foam market 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. North America is also expected to offer substantial growth opportunities during the forecast period.
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Polymethacrylimide (PMI) foam is a closed-cell rigid foam material which offers attractive features such as excellent performance and superior quality. Also, for the structure of high-performance fibre, it can be used as a core material to make general foam core materials. Sometimes, it may underperform due to its low specific modulus, low specific strength, and low heat resistant properties.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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PMI Foam Market Research Report - Features |
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Market Segmentation |
3 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The PMI foam market is segmented into the following categories.
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Some of the major players in the PMI foam market are-
This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, 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 the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. 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. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 at sales@stratviewresearch.com
The PMI foam market is expected to witness an impressive growth of 10.4% CAGR in the foreseeable future.
3A Composites, BASF SE, Zhengzou Meiwo Science & Technology Development Co., Ltd, Cashem Advanced Materials Hi-Tech Co., Ltd., DIAB Group (Ratos), Evonik Industries AG, Jiaxing Sky Composites Co., Ltd., SABIC, Solvay S.A., and Zotefoams PLC are among the key players in the PMI foam market.
Asia-Pacific is expected to witness the highest growth in the PMI foam market during the next five years.
The aerospace & defense segment is expected to remain the fastest growing application type in the PMI foam market in the coming years.
Its exceptional features and the increasing usage of composite in the aerospace & defense industry for various applications is the major factor driving the growth of PMI foam market.
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