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PMI Foam Market by Application (Aerospace & Defense, Transportation, Wind, and Sporting Goods) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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MA_181568
Pages: 145
Feb 2018 | 1587 Views
 
Author's : Ashmita Roy
Tables: 88
Charts: 38
 

PMI Foam Market Overview:

The PMI Foam Market was valued at $46,979 thousand in 2016 and is projected to reach $90,386 thousand by 2023, registering a CAGR of 9.9% from 2017 to 2023. Polymethacrylimide (PMI) foam is prepared by polymerizing methacrylamide (MAM) and butyl methacrylate (BMA) copolymer through free radical copolymerization.

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Growth in usage of PMI foam in aerospace & defense sector drives the global market. Moreover, the superior properties offered by PMI, such as stability under heat, resistance towards solvent, and low thermal conductivity, boost its use in other applications including sporting goods, wind, and transportation industries. However, high cost of PMI foam restricts the market growth. Though, emerging applications PMI foam in the medical industry presents a major growth opportunity for expansion.

The global PMI foam market is segmented based on application and geography. Based on application, it is divided into aerospace & defense, wind, sporting goods, and transportation. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

PMI Foam Market Segmentation

Europe dominated the PMI foam market in 2016 and is expected to maintain its dominance throughout the forecast period. This is attributed to the rapid increase in transport production in European countries. In addition, in 2015, the European Union legislation had set mandatory emission reduction targets. Thus, CO2 emission reduction has emerged as a major driver for rise in demand of PMI in numerous industries across Europe. Growth in concerns related to greenhouse gas emissions has fueled the wind turbine composite material market in Europe. Lightweight composite materials, such as the PMI, help to harness wind energy with higher efficiency, thus increasing its demand.

Top Investment Pockets

Asia-Pacific is estimated to present the most lucrative opportunities for PMI foam market during the forecast period. Rapid urbanization in most of the countries in this region is expected to augment the development of the automotive industry. Automotive manufacturers make use of PMI owing its lightweight feature. Upcoming projects of wind turbines in this region also fuel the PMI market growth. The sports sector in this region also employs PMI, owing to its high strength and stiffness.

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Lamea Review

LAMEA accounted for 17.4% share in the global PMI market and is expected to grow at a CAGR of 8.9% between 2016 and 2022. South Africa is the one of the largest automobile manufacturing countries in this. According to the Automotive Industry Export Council, the South African automotive industry contributed 7.2% to GDP in 2014. Thus, growth of the automotive industry is expected to drive the PMI foam market. The major PMI foam manufacturers in this region include Rancho Las Plumas, Mohair Spinners SA (Pty) Ltd., Eurogear (Pty) Ltd., and Pharmacare Ltd. TA., among other.

The key players profiled in the 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 other key players in the value chain (not profiled in this report) include Creative Foam Composite Systems LLC, GMS Composites, Tubus Bauer GmbH, Havel Composites CZ sro, and Barracuda Advanced Composites.

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 and tap the investment pockets.
  • It offers qualitative trends and quantitative analyses from 2016 to 2023 to assist stakeholders to understand the market scenario.
  • In-depth analysis of the key segments demonstrates the market potential of the high-performance polymer foam industry.
  • Competitive intelligence of the industry highlights the business practices followed by key players across the region and prevailing market opportunities.
  • Key market players and their strategies & developments are profiled to understand the competitive outlook of the market.

PMI Foam Market Key Segments:

By Application

  • Aerospace & Defense
  • Wind
  • Sporting Goods
  • Transportation

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • Africa
    • Rest of LAMEA
 

Chapter: 1: INTRODUCTION

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. Porter’s 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

3.5.1. Drivers

3.5.1.1. High adoption rate of PMI foam in aerospace & defense sector
3.5.1.2. Properties offered by PMI foam

3.5.2. Restraint

3.5.2.1. High cost of PMI foam

3.5.3. Opportunity

3.5.3.1. Increase in use of HPFC in new and existing application

Chapter: 4: PMI FOAM MARKET, BY APPLICATION

4.1. Overview

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. WIND

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. TRANSPORTATION

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. Overview

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
5.2.4. U.S.

5.2.4.1. Market size and forecast, by application

5.2.5. Canada

5.2.5.1. Market size and forecast, by application

5.2.6. Mexico

5.2.6.1. Market size and forecast, by application

5.3. EUROPE

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
5.3.4. UK

5.3.4.1. Market size and forecast, by application

5.3.5. Germany

5.3.5.1. Market size and forecast, by application

5.3.6. France

5.3.6.1. Market size and forecast, by application

5.3.7. Italy

5.3.7.1. Market size and forecast, by application

5.3.8. Rest of Europe

5.3.8.1. Market size and forecast, by application

5.4. ASIA-PACIFIC

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
5.4.4. China

5.4.4.1. Market size and forecast, by application

5.4.5. Japan

5.4.5.1. Market size and forecast, by application

5.4.6. India

5.4.6.1. Market size and forecast, by application

5.4.7. Rest of Asia-Pacific

5.4.7.1. Market size and forecast, by application

5.5. LAMEA

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
5.5.4. Brazil

5.5.4.1. Market size and forecast, by application

5.5.5. Turkey

5.5.5.1. Market size and forecast, by application

5.5.6. Africa

5.5.6.1. Market size and forecast, by application

5.5.7. Rest of LAMEA

5.5.7.1. 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. SABIC

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

LIST OF TABLES

TABLE 01. GLOBAL PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 02. GLOBAL PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 03. PMI FOAM MARKET REVENUE FOR AEROSPACE & DEFENSE APPLICATION, BY GEOGRAPHY, 2016-2023 ($THOUSAND)
TABLE 04. PMI FOAM MARKET VOLUME FOR AEROSPACE & DEFENSE APPLICATION, BY GEOGRAPHY, 2016-2023 (TONS)
TABLE 05. GLOBAL PMI FOAM MARKET REVENUE FOR AEROSPACE & DEFENSE APPLICATION, BY COUNTRY, 2016-2023 ($THOUSAND)
TABLE 06. GLOBAL PMI FOAM MARKET VOLUME FOR AEROSPACE & DEFENSE APPLICATION, BY COUNTRY, 2016-2023 (TONS)
TABLE 07. PMI FOAM MARKET REVENUE FOR WIND APPLICATION, BY GEOGRAPHY, 2016-2023 ($THOUSAND)
TABLE 08. PMI FOAM MARKET VOLUME FOR WIND APPLICATION, BY GEOGRAPHY, 2016-2023 (TONS)
TABLE 09. GLOBAL PMI FOAM MARKET REVENUE FOR WIND APPLICATION, BY COUNTRY, 2016-2023 ($THOUSAND)
TABLE 10. GLOBAL PMI FOAM MARKET VOLUME FOR WIND APPLICATION, BY COUNTRY, 2016-2023 (TONS)
TABLE 11. PMI FOAM MARKET REVENUE FOR SPORTING GOODS APPLICATION, BY GEOGRAPHY, 2016-2023 ($THOUSAND)
TABLE 12. PMI FOAM MARKET VOLUME FOR SPORTING GOODS APPLICATION, BY GEOGRAPHY, 2016-2023 (TONS)
TABLE 13. GLOBAL PMI FOAM MARKET REVENUE FOR SPORTING GOODS APPLICATION, BY COUNTRY, 2016-2023 ($THOUSAND)
TABLE 14. GLOBAL PMI FOAM MARKET VOLUME FOR SPORTING GOODS APPLICATION, BY COUNTRY, 2016-2023 (TONS)
TABLE 15. PMI FOAM MARKET REVENUE FOR TRANSPORTATION APPLICATION, BY GEOGRAPHY, 2016-2023 ($THOUSAND)
TABLE 16. PMI FOAM MARKET VOLUME FOR TRANSPORTATION APPLICATION, BY GEOGRAPHY, 2016-2023 (TONS)
TABLE 17. GLOBAL PMI FOAM MARKET REVENUE FOR TRANSPORTATION APPLICATION, BY COUNTRY, 2016-2023 ($THOUSAND)
TABLE 18. GLOBAL PMI FOAM MARKET VOLUME FOR TRANSPORTATION APPLICATION, BY COUNTRY, 2016-2023 (TONS)
TABLE 19. PMI FOAM MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($THOUSAND)
TABLE 20. PMI FOAM MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS)
TABLE 21. NORTH AMERICA PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 22. NORTH AMERICA PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 23. NORTH AMERICA PMI FOAM MARKET REVENUE, BY COUNTRY, 2016-2023 ($THOUSAND)
TABLE 24. NORTH AMERICA PMI FOAM MARKET VOLUME, BY COUNTRY, 2016-2023 (TONS)
TABLE 25. U.S. PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 26. U.S. PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 27. CANADA PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 28. CANADA PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 29. MEXICO PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 30. MEXICO PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 31. EUROPE PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 32. EUROPE PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 33. EUROPE PMI FOAM MARKET REVENUE, BY COUNTRY, 2016-2023 ($THOUSAND)
TABLE 34. EUROPE PMI FOAM MARKET VOLUME, BY COUNTRY, 2016-2023 (TONS)
TABLE 35. UK PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 36. UK PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 37. GERMANY PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 38. GERMANY PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 39. FRANCE PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 40. FRANCE PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 41. ITALY PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 42. ITALY PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 43. REST OF EUROPE PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 44. REST OF EUROPE PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 45. ASIA-PACIFIC PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 46. ASIA-PACIFIC PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 47. ASIA-PACIFIC PMI FOAM MARKET REVENUE, BY COUNTRY, 2016-2023 ($THOUSAND)
TABLE 48. ASIA-PACIFIC PMI FOAM MARKET VOLUME, BY COUNTRY, 2016-2023 (TONS)
TABLE 49. CHINA PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 50. CHINA PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 51. JAPAN PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 52. JAPAN PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 53. INDIA PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 54. INDIA PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 55. REST OF ASIA-PACIFIC PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 56. REST OF ASIA-PACIFIC PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 57. LAMEA PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 58. LAMEA PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 59. LAMEA PMI FOAM MARKET REVENUE, BY COUNTRY, 2016-2023 ($THOUSAND)
TABLE 60. LAMEA PMI FOAM MARKET VOLUME, BY COUNTRY, 2016-2023 (TONS)
TABLE 61. BRAZIL PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 62. BRAZIL PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 63. TURKEY PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 64. TURKEY PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 65. AFRICA PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 66. AFRICA PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 67. REST OF LAMEA PMI FOAM MARKET REVENUE, BY APPLICATION, 2016-2023 ($THOUSAND)
TABLE 68. REST OF LAMEA PMI FOAM MARKET VOLUME, BY APPLICATION, 2016-2023 (TONS)
TABLE 69. 3A COMPOSITES HOLDING AG: COMPANY SNAPSHOT
TABLE 70. 3A COMPOSITES HOLDING AG: PRODUCT CATEGORY
TABLE 71. BAODING MEIWO SCIENCE & TECHNOLOGY DEVELOPMENT CO., LTD.: COMPANY SNAPSHOT
TABLE 72. BAODING MEIWO SCIENCE & TECHNOLOGY DEVELOPMENT CO., LTD: PRODUCT CATEGORY
TABLE 73. BASF SE: COMPANY SNAPSHOT
TABLE 74. BASF SE: OPERATING SEGMENTS
TABLE 75. CASHEM ADVANCED MATERIALS HI-TECH CO., LTD.: COMPANY SNAPSHOT
TABLE 76. CASHEM ADVANCED MATERIALS HI-TECH CO., LTD.: PRODUCT CATEGORY
TABLE 77. DIAB GROUP: COMPANY SNAPSHOT
TABLE 78. DIAB GROUP: PRODUCT CATEGORY
TABLE 79. EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
TABLE 80. EVONIK INDUSTRIES AG: OPERATING SEGMENTS
TABLE 81. JIAXING SKY COMPOSITES CO. LTD.: COMPANY SNAPSHOT
TABLE 82. JIAXING SKY COMPOSITES CO. LTD.: PRODUCT CATEGORY
TABLE 83. SABIC: COMPANY SNAPSHOT
TABLE 84. SABIC: OPERATING SEGMENTS
TABLE 85. SOLVAY S.A.: COMPANY SNAPSHOT
TABLE 86. SOLVAY S.A.: OPERATING SEGMENTS
TABLE 87. ZOTEFOAMS PLC: COMPANY SNAPSHOT
TABLE 88. ZOTEFOAMS PLC: PRODUCT CATEGORY

LIST OF FIGURES

FIGURE 01. TOP INVESTMENT POCKETS, BY GEOGRAPHY
FIGURE 02. MARKET SHARE ANALYSIS, 2016
FIGURE 03. GLOBAL PMI FOAM MARKET, BY APPLICATION, 2016 VS 2023 ($THOUSAND)
FIGURE 04. PMI FOAM MARKET, BY GEOGRAPHY, 2016 VS 2023 ($THOUSAND)
FIGURE 05. U.S.: PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 06. CANADA: PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 07. MEXICO: PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 08. EUROPE WIND TURBINE INSTALLED CAPACITY, 2013-2015 (MEGAWATTS)
FIGURE 09. UK PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 10. GERMANY: PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 11. FRANCE: PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 12. ITALY PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 13. REST OF EUROPE PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 14. CHINA PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 15. JAPAN PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 16. INDIA PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 17. REST OF ASIA-PACIFIC PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 18. BRAZIL PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 19. TURKEY PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 20. AFRICA PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 21. REST OF LAMEA PMI FOAM MARKET, 2016-2023 ($THOUSAND)
FIGURE 22. 3A COMPOSITES HOLDING AG: REVENUE, 2014-2016 ($MILLION)
FIGURE 23. BASF SE: REVENUE, 2014-2016 ($MILLION)
FIGURE 24. BASF SE: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 25. BASF SE: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 26. DIAB GROUP: REVENUE, 2014-2016 ($MILLION)
FIGURE 27. DIAB GROUP: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 28. DIAB GROUP: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 29. EVONIK INDUSTRIES AG: REVENUE, 2014-2016 ($MILLION)
FIGURE 30. EVONIK INDUSTRIES AG: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 31. EVONIK INDUSTRIES AG: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 32. SABIC: REVENUE, 2014-2016 ($MILLION)
FIGURE 33. SOLVAY S.A.: REVENUE, 2014-2016 ($MILLION)
FIGURE 34. SOLVAY S.A.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 35. SOLVAY S.A.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 36. ZOTEFOAMS PLC: REVENUE, 2014-2016 ($MILLION)
FIGURE 37. ZOTEFOAMS PLC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 38. ZOTEFOAMS PLC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)

 

Polymethacrylimide (PMI) foam is prepared by the polymerization of methacrylamide (MAM) and butyl methacrylate (BMA) copolymer through free radical copolymerization. It is widely used for applications in aerospace & defense, transportation, sporting goods, and wind sectors, as it offers exceptional mechanical properties, stability under heat, resistance towards solvent, and low thermal conductivity.

Asia-Pacific is estimated to be the most lucrative market for PMI foam during the forecast period, owing to urbanization in most of the countries resulting in the development of automotive industry. Automotive manufacturers use PMI as it is lightweight in nature. Upcoming projects of wind turbines in this region and increase in sporting goods application also fuel the PMI market growth.

Increased demand for PMI foam in aerospace & defense application boosts the global market. High cost is a major limitation of PMI foam market. The rise in demand from transportation sector, especially from the developing countries, and developments related to the enhancement of properties of the materials are expected to boost the market. According to the CXOs, Asia-Pacific is projected to register significant growth as compared to North American and European markets.

 

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