PMI Foam is a type of foam with unique properties that make it ideal for a variety of applications. It has become increasingly popular in recent years due to its ability to provide lightweight, flexible, and durable solutions for many industries. Its uses range from aerospace and automotive to construction and medical. The demand for PMI Foam is growing rapidly as more companies and industries realize its potential benefits. In this article, we will explore what PMI Foam is, its various uses, and the growing demand for it in the market today.
The global PMI foam market and other High-Performance Foam Core (HPFC) market is estimated 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. The increase in demand for PMI foam and other HPFC from aerospace & defense applications is driving the market.
The major manufacturers profiled in this report are Evonik Industries AG (Germany), Diab Group (Sweden), SABIC (Saudi Arabia), Solvay S.A. (Belgium), 3A Composites (Switzerland), and BASF SE (Germany). These companies have adopted various organic and inorganic growth strategies such as agreements, expansions, and new product & technology developments.
Evonik Industries AG and Solvay S.A. are the important active players in the PMI foam market and other HPFC market. These companies showed the highest strategic adoptions in the market. These companies adopted agreements, expansion, and new product developments as the major dynamic growth strategies to enhance their geographical presence and customer base. The diverse product portfolio and technologically advanced R&D centers of these companies have also led to its innovation-driven growth in the PMI foam market and other HPFC market.
Solvay S.A., a supplier of PPSU and PVDF-based foam core material, is primarily focusing on inorganic growth strategy. The company recently entered into an agreement with Airbus for supplying its TegraCore HPFC. Airbus will use these HPFCs in interior aircraft applications. Solvay also signed an agreement with 3A Composites for the development of new HPFC to target the transportation and aerospace & defense industries.
