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PMI Foam Market Size, Share & Trends Analysis Report By Application (Aerospace & Defense, Automotive & Transportation, Wind Energy, Sports Goods, and Others), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 216 Pages
  • February 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5943378
The Global PMI Foam Market size is expected to reach $89.4 million by 2030, rising at a market growth of 5.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,734.93 thousand square meter, experiencing a growth of 2.6% (2019-2022).

The integration of PMI foam in sports and leisure equipment manufacturing is driven by the desire to enhance performance and reduce overall weight in various products, ranging from sporting goods to bicycles and recreational gear. Thus, the Sports Goods segment acquired $10,735.09 thousands in 2022. The unique impact resistance and lightweight characteristics make PMI foam a valuable choice for designing high-performance and durable equipment.



PMI foam's excellent thermal insulation properties make it well-suited for use in building envelopes. It helps regulate indoor temperatures, reducing the need for excessive heating or cooling and lowering overall energy consumption in residential and commercial structures. As building codes increasingly emphasize energy efficiency, incorporating PMI foam into construction materials supports compliance with stringent standards and regulations related to insulation performance.

Additionally, the trend toward miniaturizing electronic devices and consumer goods has increased demand for materials that offer structural support without imposing significant weight. With its unique combination of structural stability and lightweight properties, it has found valuable applications in various electronic and consumer goods sectors. Hence, owing to these factors, there will be increased demand in the upcoming years.

However, Regulatory requirements may restrict the use of certain materials in PMI foam production due to environmental or health concerns. This limitation on material options can affect the ability of manufacturers to optimize product properties, potentially resulting in suboptimal performance compared to alternative materials. Its manufacturers may face challenges in meeting these requirements, potentially leading to increased scrutiny from environmental agencies and consumer advocacy groups, negatively affecting the product's reputation. Thus, these aspects will hinder the growth of the market.

By Application Analysis

On the basis of application, the market is divided into aerospace & defense, wind energy, automotive & transportation, sports goods, and others. The aerospace and defense segment acquired 34.5% revenue share in the market in 2022. Its high strength and stiffness make it suitable for applications such as interior panels, wing structures, and other components where a balance of structural integrity and weight reduction is crucial. Therefore, owing to these factors, there will be enhanced growth in the segment.



By Regional Analysis

By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Europe segment acquired around 39% revenue share in the market in 2022. The automotive industry in Europe is increasingly focused on lightweighting to improve fuel efficiency and reduce emissions, and PMI foam could see increased adoption in automotive components. Therefore, these factors can assist in the growth of the segment.

List of Key Companies Profiled

  • BASF SE
  • SABIC (Saudi Arabian Oil Company)
  • Evonik Industries AG (RAG-Stiftung)
  • Solvay SA
  • Zotefoams plc
  • DuPont de Nemours, Inc.
  • Diab Group
  • The Dow Chemical Company
  • Huntsman Corporation
  • Covestro AG

Market Report Segmentation

By Application (Volume, Thousand Square Meter, USD Million, 2019-2030)
  • Aerospace & Defense
  • Automotive & Transportation
  • Wind Energy
  • Sports Goods
  • Others
By Geography (Volume, Thousand Square Meter, USD Million, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global PMI Foam Market, by Application
1.4.2 Global PMI Foam Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global PMI Foam Market, By Application
4.1 Global Aerospace & Defense Market, By Region
4.2 Global Automotive & Transportation Market, By Region
4.3 Global Wind Energy Market, By Region
4.4 Global Sports Goods Market, By Region
4.5 Global Others Market, By Region
Chapter 5. Global PMI Foam Market, By Region
5.1 North America PMI Foam Market
5.1.1 North America PMI Foam Market, By Application
5.1.1.1 North America Aerospace & Defense Market, By Country
5.1.1.2 North America Automotive & Transportation Market, By Country
5.1.1.3 North America Wind Energy Market, By Country
5.1.1.4 North America Sports Goods Market, By Country
5.1.1.5 North America Others Market, By Country
5.1.2 North America PMI Foam Market, By Country
5.1.2.1 US PMI Foam Market
5.1.2.1.1 US PMI Foam Market, By Application
5.1.2.2 Canada PMI Foam Market
5.1.2.2.1 Canada PMI Foam Market, By Application
5.1.2.3 Mexico PMI Foam Market
5.1.2.3.1 Mexico PMI Foam Market, By Application
5.1.2.4 Rest of North America PMI Foam Market
5.1.2.4.1 Rest of North America PMI Foam Market, By Application
5.2 Europe PMI Foam Market
5.2.1 Europe PMI Foam Market, By Application
5.2.1.1 Europe Aerospace & Defense Market, By Country
5.2.1.2 Europe Automotive & Transportation Market, By Country
5.2.1.3 Europe Wind Energy Market, By Country
5.2.1.4 Europe Sports Goods Market, By Country
5.2.1.5 Europe Others Market, By Country
5.2.2 Europe PMI Foam Market, By Country
5.2.2.1 Germany PMI Foam Market
5.2.2.1.1 Germany PMI Foam Market, By Application
5.2.2.2 UK PMI Foam Market
5.2.2.2.1 UK PMI Foam Market, By Application
5.2.2.3 France PMI Foam Market
5.2.2.3.1 France PMI Foam Market, By Application
5.2.2.4 Russia PMI Foam Market
5.2.2.4.1 Russia PMI Foam Market, By Application
5.2.2.5 Spain PMI Foam Market
5.2.2.5.1 Spain PMI Foam Market, By Application
5.2.2.6 Italy PMI Foam Market
5.2.2.6.1 Italy PMI Foam Market, By Application
5.2.2.7 Rest of Europe PMI Foam Market
5.2.2.7.1 Rest of Europe PMI Foam Market, By Application
5.3 Asia Pacific PMI Foam Market
5.3.1 Asia Pacific PMI Foam Market, By Application
5.3.1.1 Asia Pacific Aerospace & Defense Market, By Country
5.3.1.2 Asia Pacific Automotive & Transportation Market, By Country
5.3.1.3 Asia Pacific Wind Energy Market, By Country
5.3.1.4 Asia Pacific Sports Goods Market, By Country
5.3.1.5 Asia Pacific Others Market, By Country
5.3.2 Asia Pacific PMI Foam Market, By Country
5.3.2.1 China PMI Foam Market
5.3.2.1.1 China PMI Foam Market, By Application
5.3.2.2 Japan PMI Foam Market
5.3.2.2.1 Japan PMI Foam Market, By Application
5.3.2.3 India PMI Foam Market
5.3.2.3.1 India PMI Foam Market, By Application
5.3.2.4 South Korea PMI Foam Market
5.3.2.4.1 South Korea PMI Foam Market, By Application
5.3.2.5 Singapore PMI Foam Market
5.3.2.5.1 Singapore PMI Foam Market, By Application
5.3.2.6 Malaysia PMI Foam Market
5.3.2.6.1 Malaysia PMI Foam Market, By Application
5.3.2.7 Rest of Asia Pacific PMI Foam Market
5.3.2.7.1 Rest of Asia Pacific PMI Foam Market, By Application
5.4 LAMEA PMI Foam Market
5.4.1 LAMEA PMI Foam Market, By Application
5.4.1.1 LAMEA Aerospace & Defense Market, By Country
5.4.1.2 LAMEA Automotive & Transportation Market, By Country
5.4.1.3 LAMEA Wind Energy Market, By Country
5.4.1.4 LAMEA Sports Goods Market, By Country
5.4.1.5 LAMEA Others Market, By Country
5.4.2 LAMEA PMI Foam Market, By Country
5.4.2.1 Brazil PMI Foam Market
5.4.2.1.1 Brazil PMI Foam Market, By Application
5.4.2.2 Argentina PMI Foam Market
5.4.2.2.1 Argentina PMI Foam Market, By Application
5.4.2.3 UAE PMI Foam Market
5.4.2.3.1 UAE PMI Foam Market, By Application
5.4.2.4 Saudi Arabia PMI Foam Market
5.4.2.4.1 Saudi Arabia PMI Foam Market, By Application
5.4.2.5 South Africa PMI Foam Market
5.4.2.5.1 South Africa PMI Foam Market, By Application
5.4.2.6 Nigeria PMI Foam Market
5.4.2.6.1 Nigeria PMI Foam Market, By Application
5.4.2.7 Rest of LAMEA PMI Foam Market
5.4.2.7.1 Rest of LAMEA PMI Foam Market, By Application
Chapter 6. Company Profiles
6.1 BASF SE
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 SWOT Analysis
6.2 SABIC (Saudi Arabian Oil Company)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 SWOT Analysis
6.3 Evonik Industries AG (RAG-Stiftung)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.3.5 SWOT Analysis
6.4 Solvay SA
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.4.5 SWOT Analysis
6.5 Zotefoams plc
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 SWOT Analysis
6.6 DuPont de Nemours, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.6.5 SWOT Analysis
6.7 Diab Group
6.7.1 Company Overview
6.7.2 SWOT Analysis
6.8 The Dow Chemical Company
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.8.5 SWOT Analysis
6.9 Huntsman Corporation
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segment and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 SWOT Analysis
6.10. Covestro AG
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Segmental and Regional Analysis
6.10.4 Research & Development Expenses
6.10.5 SWOT Analysis
Chapter 7. Winning imperatives of PMI Foam Market

Companies Mentioned

  • BASF SE
  • SABIC (Saudi Arabian Oil Company)
  • Evonik Industries AG (RAG-Stiftung)
  • Solvay SA
  • Zotefoams plc
  • DuPont de Nemours, Inc.
  • Diab Group
  • The Dow Chemical Company
  • Huntsman Corporation
  • Covestro AG

Methodology

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