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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Evonik Industries AG is one of the leading speciality chemicals manufacturing companies that was founded in 2007 and is headquartered in Essen, Germany. The company specialises in PMI foam, high performance materials, speciality additives, and cosmetic solutions, among others.
Cashem Advanced Materials Hi-tech Co., Ltd. was founded in 2010 and is headquartered in Zhejian, China. The industrial corporation is one of the leading manufacturers of PMI foam and other high performance foam core.
Tasuns Composites Technology Co., Ltd. is a new composite company that specialises in the manufacture, design, and development of PMI foams, honeycomb composites, and carbon fibre, among others. The company is dedicated towards providing high quality products wit the help of innovative manufacturing and engineering.
Other PMI foam market key players include CEL Composites S.R.L., Hunan Rifeng Composites Co., Ltd, Jiaxing Sky Composites Co., Ltd, Regal New Material Co., Ltd., Future Composites Co., Ltd., and Changzhou Utek Composite Co., Ltd., among others.
PMI Foam Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 61.30 million in 2023.
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 93.90 million by 2032.
The major market drivers include growing awareness about the various advantages offered by PMI foam and increased requirement for of sporting goods.
The key trends fuelling the growth of the market include increasing adoption of wind energy and expansion of the automotive and transportation sectors.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The applications of PMI foams include aerospace and defence, automotive and transportation, and sports equipment, among others.
The key players in the market are Evonik Industries AG, Cashem Advanced Materials Hi-tech Co., Ltd., Tasuns Composites Technology Co., Ltd., CEL Composites S.R.L., Hunan Rifeng Composites Co., Ltd, Jiaxing Sky Composites Co., Ltd, Regal New Material Co., Ltd., Future Composites Co., Ltd., and Changzhou Utek Composite Co., Ltd., among others.
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