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.
Europe is the largest market for PMI foam and other HPFC. The growing aerospace, wind energy, sporting goods, medical, and transportation industries in the region, which are the major applications of HPFC, is driving the PMI foam market and other HPFC market in Europe. The growth is also attributed to high demand for HPFC, especially PMI foam from companies, such as Airbus SAS (France), Airbus Helicopters (France), Westland Helicopters (U.K.), and composite part manufacturers from Europe.
