Global Polymethacrylimide Foam Market by Application (Wind Energy, Aerospace & Defense) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
Summary of the Report
In 2019, the global polymethacrylimide market was worth USD 84.2 million. It is projected to grow at a compound annual rate (CAGR of 6.7%) between 2020 and 2027. The growing demand for renewable and clean energy has led to an increase in electricity generation from wind power. This will likely boost the demand of polymethacrylimide foam (PMI) over the forecast period. The product demand will be driven by regulatory bodies that have established guidelines for safe use of core material in wind turbine blades and aircraft. The demand for sports goods such as mats and gloves, grippers, and shoes has increased.
This is driving the market for PMI foam in sports goods applications. The fastest expected CAGR is in the aerospace and defense segment, which will be between 2020-2027. Automobile manufacturers have begun to focus on vehicle efficiency, reducing overall vehicle weight and improving structural strength.
This will increase the demand for automotive and transportation products. The segment will also grow due to the increasing demand for EVs (EVs), that require lighter components to increase vehicle efficiency.
Application Insights
Aerospace & defense applications dominated the market, accounting for more than 34% of the total market. The high market share can be attributed to the increased defense spending as security threats have increased among the countries following the COVID-19 pandemic.
North America's wind energy capacity is growing as the demand for renewable energy has increased in recent years. The American Wind Energy Association states that U.S. wind power has increased three-fold in the past decade, with an additional 9,132 MW of capacity added in 2019. This is expected to increase the demand for PMI foam in wind energy applications over the forecast period.
Asia Pacific will see tremendous market growth due to rising demand in electric vehicles from countries like China, India, Japan, and India. Moreover, there are many automotive manufacturers that are involved in research and development in the region, including Tata Motors. The industry will grow over the forecast period thanks to various factors, including Tata Motors, Hyundai Motor India, Mahindra & Mahindra Ltd., Bajaj Auto Ltd., BYTON and BAIC Automotive Group Co. Ltd., MG Motor India Pvt.
Regional Insights
North America was the dominant market, accounting for more than 27% of global revenue in 2019. This region is expected to see a rise in demand for PMI foams that can be used to produce lightweight, structurally sound components.
The automotive & transport application segment will also see significant growth due to the increasing demand for electric vehicles. These vehicles require lightweight, durable and long-lasting components in order to increase their efficiency. This trend will drive product demand during the forecast period.
Europe is second in terms of revenue. The growth of major applications sectors like aerospace & defense, wind energy and wind energy is driving the market. The WindEurope asbl/vzw reports that the region has added 15.4GW of wind energy power generation. This is 27% more than 2018. This will drive product demand in the forecast period.
As a result of the COVID-19 pandemic, the market in Southeast Asia will experience slower growth than North America, Europe and the Asia Pacific. The rising demand for sporting goods is driving the market.
Market Share Insights & Key Companies
Due to the lack of many manufacturers in the value chain, the global market is more stable. The major players are actively involved in expanding their research and development capabilities for new applications, as well as seeking out opportunities to integrate vertically across the value chain. The market leader in polymethacrylimide foam is:
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Evonik Industries AG
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Cashem Advanced Materials Hi-tech Co. Ltd.
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Hunan Rifeng Composite Co., Ltd.
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Jiaxing Sky Composites Co., Ltd.
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Tasuns Composite Technology Co. Ltd.
Up Market Research published a new report titled “Polymethacrylimide Foam Market research report which is segmented by Application (Wind Energy, Aerospace & Defense), By Players/Companies Hunan Rifeng Composite Co Ltd, Jiaxing Sky Composites Co Ltd, Tasuns Composite Technology Co Ltd, Evonik Industries AG, Cashem Advanced Materials Hi-tech Co Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
| Report Attributes | Report Details |
| Report Title | Polymethacrylimide Foam Market Research Report |
| By Application | Wind Energy, Aerospace & Defense |
| By Companies | Hunan Rifeng Composite Co Ltd, Jiaxing Sky Composites Co Ltd, Tasuns Composite Technology Co Ltd, Evonik Industries AG, Cashem Advanced Materials Hi-tech Co Ltd |
| Regions Covered | North America, Europe, APAC, Latin America, MEA |
| Base Year | 2020 |
| Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
| Forecast Year | 2028 |
| Number of Pages | 227 |
| Number of Tables & Figures | 159 |
| Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Polymethacrylimide Foam Market Report Segments:
The market is segmented by Application (Wind Energy, Aerospace & Defense).
Polymethacrylimide Foam Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Polymethacrylimide Foam Market
Overview of the regional outlook of the Polymethacrylimide Foam Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Polymethacrylimide Foam Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Polymethacrylimide Foam Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Wind Energy
2. Aerospace & Defense
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polymethacrylimide Foam Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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Reasons to Purchase the Polymethacrylimide Foam Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polymethacrylimide Foam Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polymethacrylimide Foam Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polymethacrylimide Foam Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polymethacrylimide Foam Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polymethacrylimide Foam Market Size & Forecast, 2018-2028
4.5.1 Polymethacrylimide Foam Market Size and Y-o-Y Growth
4.5.2 Polymethacrylimide Foam Market Absolute $ Opportunity
Chapter 5 Global Polymethacrylimide Foam Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Polymethacrylimide Foam Market Size Forecast by Application
5.2.1 Wind Energy
5.2.2 Aerospace & Defense
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Polymethacrylimide Foam Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Polymethacrylimide Foam Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Polymethacrylimide Foam Analysis and Forecast
8.1 Introduction
8.2 North America Polymethacrylimide Foam Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Polymethacrylimide Foam Market Size Forecast by Application
8.6.1 Wind Energy
8.6.2 Aerospace & Defense
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Polymethacrylimide Foam Analysis and Forecast
9.1 Introduction
9.2 Europe Polymethacrylimide Foam Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Polymethacrylimide Foam Market Size Forecast by Application
9.6.1 Wind Energy
9.6.2 Aerospace & Defense
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Polymethacrylimide Foam Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Polymethacrylimide Foam Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Polymethacrylimide Foam Market Size Forecast by Application
10.6.1 Wind Energy
10.6.2 Aerospace & Defense
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Polymethacrylimide Foam Analysis and Forecast
11.1 Introduction
11.2 Latin America Polymethacrylimide Foam Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Polymethacrylimide Foam Market Size Forecast by Application
11.6.1 Wind Energy
11.6.2 Aerospace & Defense
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Polymethacrylimide Foam Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Polymethacrylimide Foam Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Polymethacrylimide Foam Market Size Forecast by Application
12.6.1 Wind Energy
12.6.2 Aerospace & Defense
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Polymethacrylimide Foam Market: Competitive Dashboard
13.2 Global Polymethacrylimide Foam Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Hunan Rifeng Composite Co Ltd
13.3.2 Jiaxing Sky Composites Co Ltd
13.3.3 Tasuns Composite Technology Co Ltd
13.3.4 Evonik Industries AG
13.3.5 Cashem Advanced Materials Hi-tech Co Ltd
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polymethacrylimide Foam Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polymethacrylimide Foam Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polymethacrylimide Foam Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polymethacrylimide Foam Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polymethacrylimide Foam Market Size & Forecast, 2018-2028
4.5.1 Polymethacrylimide Foam Market Size and Y-o-Y Growth
4.5.2 Polymethacrylimide Foam Market Absolute $ Opportunity
Chapter 5 Global Polymethacrylimide Foam Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Polymethacrylimide Foam Market Size Forecast by Application
5.2.1 Wind Energy
5.2.2 Aerospace & Defense
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Polymethacrylimide Foam Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Polymethacrylimide Foam Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Polymethacrylimide Foam Analysis and Forecast
8.1 Introduction
8.2 North America Polymethacrylimide Foam Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Polymethacrylimide Foam Market Size Forecast by Application
8.6.1 Wind Energy
8.6.2 Aerospace & Defense
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Polymethacrylimide Foam Analysis and Forecast
9.1 Introduction
9.2 Europe Polymethacrylimide Foam Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Polymethacrylimide Foam Market Size Forecast by Application
9.6.1 Wind Energy
9.6.2 Aerospace & Defense
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Polymethacrylimide Foam Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Polymethacrylimide Foam Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Polymethacrylimide Foam Market Size Forecast by Application
10.6.1 Wind Energy
10.6.2 Aerospace & Defense
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Polymethacrylimide Foam Analysis and Forecast
11.1 Introduction
11.2 Latin America Polymethacrylimide Foam Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Polymethacrylimide Foam Market Size Forecast by Application
11.6.1 Wind Energy
11.6.2 Aerospace & Defense
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Polymethacrylimide Foam Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Polymethacrylimide Foam Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Polymethacrylimide Foam Market Size Forecast by Application
12.6.1 Wind Energy
12.6.2 Aerospace & Defense
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Polymethacrylimide Foam Market: Competitive Dashboard
13.2 Global Polymethacrylimide Foam Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Hunan Rifeng Composite Co Ltd
13.3.2 Jiaxing Sky Composites Co Ltd
13.3.3 Tasuns Composite Technology Co Ltd
13.3.4 Evonik Industries AG
13.3.5 Cashem Advanced Materials Hi-tech Co Ltd
Segments Covered in the Report
The global Polymethacrylimide Foam market has been segmented based on
By Application
The global Polymethacrylimide Foam market has been segmented based on
By Application
- Wind Energy
- Aerospace & Defense
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Hunan Rifeng Composite Co Ltd
- Jiaxing Sky Composites Co Ltd
- Tasuns Composite Technology Co Ltd
- Evonik Industries AG
- Cashem Advanced Materials Hi-tech Co Ltd
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