BMI Resins Market Size, Share, Key Factors, Comapany Analysis and Forecast 2022-2028

Silicon Nitride Market
Silicon Nitride Market

The latest market analysis report by Reports and Data is titled ‘Global BMI Resins market– Forecast to 2028. The report offers a comprehensive view of the BMI Resins market, elaborating on the industry’s key segments. In this report, Reports and Data’s team of market researchers has provided details on the key market dynamics, including market revenue growth drivers, restraints, trends, opportunities, supply & demand ratios, shifting consumer tastes & preferences, changing production & consumption patterns, and technological breakthroughs.

The global BMI resins market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are rise in demand of electronic devices, rapid urbanization and rising government investments in aviation sector.

Bismaleimide (BMI) resins are a group of high performance thermosetting polymers that features a range of attractive properties (such as high heat tolerance and no flammability) for industrial applications, especially in the aerospace industry.

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Major Companies in the Market Include:

  • Hexcel Corporation
  • HOS-Technik GmbH
  • Evonik Industries AG
  • Huntsman International LLC
  • Solvay
  • Mitsubishi Chemical Corporation
  • Qin yang Tianyi Chemical Co., LTD.
  • Honghu Shuangma Advanced Materials Tech Co., Ltd
  • Renegade Materials
  • ABR Organics Limited

Scope: This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

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Key Drivers:  Revenue growth of the global BMI resins market is significantly driven by increasing application areas of BMI resins. These resins are widely used in electronic and aerospace industries, as matrix resins for high-performance (fiber-reinforced) composites. They can also be used as high performance adhesives.

Further, increasing awareness regarding the benefits of BMI resins is expected to positively impact revenue growth of the market. BMI resins are known for their high-temperature performance and high-strength. Their performance lies between very high temperature-resistant polyimides and lower temperature resistant epoxy systems.

Restraints:  The global BMI resins market growth is substantially hampered by several unfavorable factors. The drawbacks of BMI resins include high curing temperature, high melting points, and extreme brittleness.

North America Accounts for Largest Revenue Share In Global BMI Resins Market:

Among regional markets, North America emerged as the largest market for BMI resins in 2020, with the highest revenue share. Revenue growth in the North America market is mainly attributed to the rapid growth and advancements in aerospace and defense industry. For instance, in March 2021, United Airlines announced that the airlines is increasing its order for Boeing\’s 737 MAX airplane by 25 planes. This latest order brings United Airlines\’ total firm commitments to 188 737MAX planes

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Type Outlook (Revenue, USD Billion; 2018-2028)

  • Bismaleimide Resin Powder
  • Bismaleimide Resin Solution

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Composites
  • Adhesive
  • Moldings
  • Others

End Use Outlook (Revenue, USD Billion; 2018-2028)

  • Aerospace
  • Automotive
  • Military
  • Electronics

Regional Outlook

For comprehensive understanding of market dynamics, the global BMI Resins market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Some points on how the report benefits stakeholders:

  • The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
  • Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
  • The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
  • The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
  • Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.

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