Global Polymethacrylimide (PMI) Foam Market – Industry Trends and Forecast to 2029

Global Polymethacrylimide (PMI) Foam Market, By product (110), Application (Aerospace & Defence, Wind Energy, Sporting Goods, Transportation, Others) – Industry Trends and Forecast to 2029.

Polymethacrylimide (PMI) Foam Market Analysis and Size

Growing demand for clean and renewable energy sources has increased wind energy generation, which is expected to increase demand for polymethacrylimide (PMI) foam over the forecast period. Regulatory bodies have established various guidelines for the safe use of core material in aircraft and wind turbine blades, which will drive product demand.

Data Bridge Market Research analyses that polymethacrylimide (PMI) foam market was valued at USD 53.90 billion in 2021 and is expected to reach the value of USD 126.02 billion by 2029, at a CAGR of 11.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Polymethacrylimide (PMI) Foam Market Scope and Segmentation

Market Definition

PMI foam is formed by the free radical copolymerization of butyl methacrylate and meth acrylamide copolymer. PMI foam is widely used in the aerospace and defence industries due to its unique properties, which include a high strength-to-weight ratio, high strength, thermal performance, fire retardancy, creep resistance, and dimensional stability which extend the product's life cycle and efficiency.

Global Polymethacrylimide (PMI) Foam Market Dynamics

Drivers

• High adoption of green energies is paving a way for use of PMI foams

Increased use of green energy, such as wind energy, has paved the way for the use of polymethacryimide foam in wind energy. The lightweight property gives the polymethacrylimide foam market an advantage in manufacturing. The aforementioned exceptional benefits, as well as its extensive use in a variety of applications, are expected to drive the global polymethacrylimide foam market during the forecast period.

• PMIs beneficial characteristics is surging demand in various manufacturing industries

Polymethacrylimide foam is widely used in automotive, ships, sporting goods, electronics, aerospace and defence, and medical technology. The automotive industry has been identified as the largest user of PMI foams due to their effectiveness in providing lightweight construction and high mechanical strength at a low cost.

The scenario is expected to continue during the forecast period due to the automotive industry's trend of vehicle electrification and light-weighting. Due to its extensive use in manufacturing complex lightweight and high strength components, aerospace and defence is the second largest user of polymethacrylimide foams after automotive. Increasing demand from other applications such as sports goods and energy sectors is set to provide the immense lucrative potential for polymethacrylimide foam suppliers during the forecast period.

Opportunity

The expanding application scope of PMI foam in the medical sector will create numerous opportunities, resulting in the growth of the polymethacrylimide (PMI) foam market during the forecast period.

Restraints

High prices for PMI foam combined with high performance foam core will limit the growth of the polymethacrylimide (PMI) foam market during the forecast period.

This polymethacrylimide (PMI) foam market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polymethacrylimide (PMI) foam market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact Polymethacrylimide (PMI) Foam Market

COVID-19, or Novel Coronavirus, has not only disrupted human movement, but also the production and trade of major market products. The declining automotive industry has had a significant impact on the polymethacrylimide foams market because it is the largest consumer and is expected to squeeze demand by the end of 2020. Furthermore, the coronavirus pandemic crisis has reduced the price of polymethacrylimide foams by more than 10% in the second quarter of FY2020. The trend is expected to continue until its end-use market recovers and pandemic cases decline.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Polymethacrylimide (PMI) Foam Market Scope

Polymethacrylimide (PMI) foam market is segmented on the basis of product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• <52
• 50-75
• 75-110
• >110

Application

• Aerospace & Defence
• Wind Energy
• Sporting Goods
• Transportation
• Others

Polymethacrylimide (PMI) Foam Market Regional Analysis/Insights

Polymethacrylimide (PMI) foam market is analysed and market size insights and trends are provided by country, product and application as referenced above.

The countries covered in the polymethacrylimide (PMI) foam Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe has the largest market share in the polymethacrylimide (PMI) foam Market. The historical period has seen an increase in demand for polymethacrylimide foams. This has created a huge opportunity for the European polymethacrylimide foam market to grow.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Polymethacrylimide (PMI) Foam Market Share Analysis

Polymethacrylimide (PMI) foam market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polymethacrylimide (PMI) foam market.

Some of the major players operating in polymethacrylimide (PMI) foam market are:

• ERG Aerospace Corporation (U.S.)
• CYMAT Technologies Ltd. (Canada)
• Alantum (South Korea)
• Mott Corporation (U.S.)
• Liaoning Rontec Advanced Material Technology Co., Ltd. (China)
• BASF SE (Germany)
• Covestro AG (Germany)
• Lapolla Industries, Inc. (U.S.)
• Huntsman International LLC ((U.S.)
• Dow (U.S.)
• DuPont (U.S.)
• Safco Foam Insulation (U.S.)
• Cajun Foam Insulation (U.S.)
• Saint-Gobain (France)
• Shanxi Putai Aluminum Foam Manufacturing Co., Ltd. (China)
• Mayser GmbH & Co. KG (Germany)
• Ultramet (U.S.)
• Pohltec Metalfoam GmbH (Germany)