Polymethacrylimide Foam Market Revenue, Analysis Comprehensive Analysis Of The Current Trends And Inclinations

 Market Forecast

Global Polymethacrylimide Foam Market Revenue is projected to be worth USD 153.49 million by 2028, registering a CAGR of 6.81% during the forecast period (2021 - 2028), The market was valued at USD 96.31 Million in 2021.

Polymethacrylimide foamis made by free-radical copolymerization of butyl methacry late and methacrylamide copolymer . Its beneficial properties include a high strength-to-weight ratio, high strength, thermal performance, fire retardancy, creep resistance, and dimensional stability, increasing product life cycle and efficiency.

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Segmentation

By Application

  • This segment is classified into aerospace defense, wind energy, sporting goods, transportation, and others.
  • Polymethacrylimide foams revenue are used for sandwich structures in the aerospace defense sector. The increasing number of aircraft fleet passengers coupled with improved economic conditions drives the demand for these foams.
  • The use of PMI foam in wind turbine manufacturing is also a key driver for the global market. Increased focus on renewable energy production based on ever-rising demand for energy and depletion of fossil fuels drives the market.
  • It is used in manufacturing skis, snowboards, hockey sticks, racing bicycle wheels, and surfboards.
  • It is used in automobile manufacturing as they help in weight reduction and energy savings.
  • The others segment includes shipbuilding and medical applications.

By Region

  • North America: Market growth is driven by the presence of a large industrial basein the region. Expanding end-use industries, especially the aerospace defense and energy sectors,arethe key factor driving the market growth.
  • Europe: Europeis a well-established market. Increasing demand for polymethyl methacrylate in makeup for cosmatic, across major end-use industries is expected to propel market growth. The expanding aerospace automotive and medical industries in the region is the key factor driving the demand for polymethacrylimide foamin the region.
  • Asia-Pacific: The market in the region emerged as the fastest-growing due to the fast-paced industrialization and urbanization in countries such as India, Thailand, South Korea, etc.
  • Latin America:Rapid industrialization in countries such as Brazil and Mexico is projected to drive market growth during the assessment period.

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Related Report:

https://www.marketresearchfuture.com/reports/third-party-logistics-3pl-market-9996

https://www.marketresearchfuture.com/reports/mineral-wool-insulation-market-10546 

https://www.marketresearchfuture.com/reports/paper-packaging-market-10741

https://www.marketresearchfuture.com/reports/india-polyacrylamide-copolymer-market-1075

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