PMI Foam Market SWOT Analysis of Major Industry Segments| MarketsandMarkets™
Polymethacrylimide foam (PMI foam) is a lightweight, high-performance foam core material that is primarily used in advanced composite structures. It has a high strength-to-weight ratio, low thermal conductivity, and high-temperature resistance. PMI foam is used in a variety of applications, including aerospace, marine, automotive, and sporting goods. It's also commonly used in the construction of lightweight structures like aeroplanes, sailboats, and race cars. PMI foam is available in a variety of densities, allowing engineers to choose the best foam for specific applications. Additionally, PMI foam can be manufactured in a variety of shapes and sizes to meet design specifications. The global PMI foam market and other HPFC market was projected to grow from USD 43.1 Million in 2015 to USD 77.1 Million by 2021 at a CAGR of 10.2% between 2016 and 2021.
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The increasing use of composites in the aerospace and defense industries is expected to fuel the PMI foam and other HPFC markets. Polymethacrylimide foam (PMI foam) is a lightweight, high-performance foam used in the manufacture of composite components for the aerospace and defense industries. Because of its lightweight, high strength, and low thermal conductivity properties, PMI foam is increasingly being used in aerospace and defense components. PMI foam can be formed into complex shapes and is corrosion and temperature resistant.
In the aerospace and defense industries, HPFC (high-performance flame-retardant composite) materials are also gaining traction. HPFC materials are used in the manufacture of aircraft interiors as well as components such as tanks, cabins, floors, and walls. HPFC materials are designed to provide fire and smoke resistance, making them ideal for aerospace and defense applications.
Europe is the largest market for PMI foam and other high-performance flexible composites (HPFC). Europe is estimated to account for more than 45% of the global HPFC market. This is due in part to the region's strong manufacturing base and growing demand for lightweight and high-performance materials. Europe is also home to some of the world's leading manufacturers of HPFC and PMI foam, including Bayer, BASF, and Dow Chemical. Furthermore, Europe is a pioneer in the use of HPFC materials, with new applications and technologies being developed and tested.
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The major players in the PMI foam market and other HPFC markets include Evonik Industries AG (Germany), Diab Group (Sweden), SABIC (Saudi Arabia), Solvay S.A. (Belgium), 3A composites (Switzerland), BASF SE (Germany) and others.
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