Market Research Report
PMI Foam Market and Other High Performance Foam Core Market by Type (PMI, PES), by Application (A&D, Wind, Sporting Goods, Transportation), by A&D Sub-Application (Interior, Exterior), & by Region - Global Forecast to 2021
|Published by||MarketsandMarkets||Product code||357932|
|Published||Content info||116 Pages
|PMI Foam Market and Other High Performance Foam Core Market by Type (PMI, PES), by Application (A&D, Wind, Sporting Goods, Transportation), by A&D Sub-Application (Interior, Exterior), & by Region - Global Forecast to 2021|
|Published: May 12, 2016||Content info: 116 Pages||
The PMI foam market and other HPFC market is 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. This high growth is attributed to increasing use of HPFC in the aerospace & defense application. HPFC provides additional strength and heat resistance to the components even at low densities.
The aerospace & defense application accounts for the largest share in the PMI foam market and other HPFC market. The primary benefits offered by HPFC are reduced weight, emissions, and maintenance costs. High impact strength in comparison to honeycomb core product is also increasing the use of HPFC material in this application. HPFC also provide additional strength to components and are, hence, suitable for use in aerospace & defense application. HPFC facilitates negligible maintaining costs as they are corrosion resistant, thus saving maintenance costs and increasing average lifespan.
Europe dominated the PMI foam market and other HPFC market followed by North America. Asia-Pacific is the third-largest PMI foam market and other HPFC market, however, the region is estimated to witness the highest growth rate between 2016 and 2021, as the use of HPFC in the aerospace & defense, wind energy, sporting goods, and transportation applications continues to increase in this region. The high growth rate is primarily attributed to growing demand for high-performance PMI foam from China's large commercial airliner C919, which is scheduled to commercialize by 2018.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted as follows:-
The report also provides company profiles and competitive strategies adopted by the major market players; the various key players profiled in the report are as follows:
The report will help the market leaders/new entrants in this market in the following ways:
*Details might not be captured in case of unlisted companies.