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.

Portland, OR -- (SBWire) -- 07/05/2018 --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.

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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.

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.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.

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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