Opportunities for the global bismaleimide (BMI) prepreg market is expected to grow at a CAGR of 7.2% by 2024

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?