PMI Foam Market To Explored In Latest Research 2017 – 2023
Posted by Mangesh on May 28th, 2019
The Global PMI Foam Market was valued at ,979 million in 2016, and is projected to reach at ,386 million by 2023, registering a CAGR of 9.9% from 2017 to 2023.
Polymethacrylimide (PMI) foam is developed from expanded imide modified polycryates. PMI is brittle with an elongation of approximately 3 in tension. It offers excellent temperature resistance, thus enabling its use in combination with epoxy prepregs in autoclave manufacturing in up to 180-degree temperature. The cell structure of PMI is very fine with closed cells, and the density ranges from 30 to 300 kg/m3. The thermal conductivity of PMI varies with temperature.
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China and India collectively contributed approximately more than 60% to the Asia-Pacific market revenue in 2016. In the same year, Japan contributed approximately one-sixth of the PMI foam market in Asia-Pacific.
The Major Key players Are:
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The global PMI foam market is driven by its high adoption rate in the aerospace & defense sector application and its superior properties leading to application in sporting goods, wind, and transportation sectors. However, the high cost of PMI foam restricts the market growth. Though, the augmented use of PMI foam in novel medical applications offers growth opportunity for the market.
Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe was the highest revenue contributor, valued at ,409 thousand in 2016. Growth in transport production is the major factor responsible for the growth of the PMI foam market in this region.
Key Findings of the PMI Foam Market:
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About the AuthorMangesh
Joined: March 8th, 2019
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