According
to a new market report published by Lucintel, the future of the global
bismaleimide (BMI) prepreg market looks promising with opportunities in the defense,
commercial aerospace, and general aviation industries. The global BMI prepreg market is expected to grow
at a CAGR of 7.2% from 2019 to 2024. 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.
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
and it is also expected to witness higest growth during the forecast period due to increasing demand
of BMI prepreg in high heat resisitence applications in military aircrafts and
missles.
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 global BMI prepreg market.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities of the global
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 Global Bismaleimide (BMI) Prepreg Market 2019-2024: 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
global 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 2013 to 2024):
- Defense
- Commercial Aerospace
- General Aviation
- Others
By Application (Volume
(M lbs) and Value ($ Million) from 2013 to 2024):
- Tooling
- Airframe
- Nacelles
- Others
By Weave Type (Volume
(M lbs) and Value ($ Million) from 2013 to 2024):
- Fabric/Woven BMI Prepreg
- Unidirectional BMI Prepreg
By Cure Type (Volume
(M lbs) and Value ($ Million) from for 2013 to 2024):
- Autoclave
- Out-of-Autoclave
- Others
By
Region (Volume (M lbs) and Value ($ Million) from 2013 to 2024):
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (ROW)
This 150+
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 helpdesk@Lucintel.com. Lucintel offerings include advanced
materials reports, composite
materials market report, strategic growth
consulting, market
research due diligence and business strategy
consulting.
About Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth consulting, M&A, and due diligence services to executives
and key decision-makers in a variety of industries. For further information,
visit www.lucintel.com.
This
report answers the following 11 key questions:
Q.1.What are some of the most
promising, high-growth of global bismaleimide (BMI) prepreg market by end-use
industry (defense, commercial aircraft, general aircraft and others) by
application (tooling, airframe, nacelles and others), by reinforcement type (fabric/woven
BMI prepreg and unidirectional BMI prepreg),
by cure type (autoclave, out-of-autoclave and others), regional (North America, Europe
APAC, and ROW).
Q.2.Which application segments will
grow at a faster pace and why?
Q.3.Which region will grow at a faster
pace and why?
Q.4.What are the key factors affecting
the market dynamics? What are the drivers and challenges in the market?
Q.5.What are the business risks and
competitive threats in this market?
Q.6.What are the emerging trends in
this market and reasons behind them?
Q.7.What are some of the changing
demands of customers in the market?
Q.8.What are the new developments in
the market and which companies are leading these developments?
Q.9.Who
are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10.What are some of the competitive
products in this market and how great of a threat do they pose for loss of
market share through product substitution?
Q.11.What M & A activities have
transpired in the last 5 years in this market and how have they affected the
industry?
