According to a new market report published by Lucintel, the future of the bismaleimide (BMI) prepreg market looks promising with opportunities in the defense, commercial aerospace, and general aviation industries. The global bismaleimide (BMI) prepreg market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow by 2025 with a CAGR of 4% to 6% from 2020 to 2025. The major driver for this market is increasing demand for high temperature-resistance composites material to replace metals in applications where extreme heat and harsh environmental conditions is most critical.
Browse 64 market data tables and 89 figures spread through 137 pages and in-depth TOC on “Bismaleimide (BMI) Prepreg Market"
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In this market, tooling, airframe, and nacelles are the major applications of BMI prepreg. On the basis of comprehensive research, Lucintel forecasts that tooling will remain the largest application and it is also expected to witness the highest growth over the forecast period by value and volume, as BMI prepreg based tool is three times lighter and economical than Invar tool.
Within BMI prepreg market, defense will remain the largest end-use industry over the forecast period due to an increase in the production of fifth-generation military fighter aircraft.
North America will remain the largest region due to a growing demand for lightweight and high heat resistance materials in defense, commercial aerospace, and general aviation industries. APAC is expected to witness the highest growth over the forecast period due to growth in the defense budgets of China and India.
An emerging trend, which has a direct impact on the dynamics of the industry, includes increasing penetration of BMI prepreg in out-of-autoclave technology. Solvay, Hexcel, Toray, Gurit, SGL, GMS composites, Mitsubishi Chemical, and Teijin (Renegade Materials) are among the leading players in the BMI prepreg market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities of the bismaleimide (BMI) prepreg market by end-use industry, application, reinforcement type, cure type, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Bismaleimide (BMI) Prepreg Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes market trends and forecasts for the bismaleimide (BMI) prepreg market by end-use industry, application, reinforcement type, cure type, and region as follows:
By End-Use Industry (Volume (M lbs) and Value ($ Million) from 2014 to 2025):
Defense
Commercial Aerospace
General Aviation
Others
By Application (Volume (M lbs) and Value ($ Million) from 2014 to 2025):
Tooling
Airframe
Nacelles
Others
By Weave Type (Volume (M lbs) and Value ($ Million) from 2014 to 2025):
Fabric/Woven BMI Prepreg
Unidirectional BMI Prepreg
By Cure Type (Volume (M lbs) and Value ($ Million) from for 2014 to 2025):
Autoclave
Out-of-Autoclave
Others
By Region (Volume (M lbs) and Value ($ Million) from 2014 to 2025):
North America
Europe
Asia Pacific
The Rest of the World
This 137-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/bmi-prepreg-market.aspx or helpdesk@lucintel.com.
About Lucintel
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