QY Research recently published a report, titled “Global Polyimide Foam Market Professional Survey Report 2019,” which states that the market will rise at CAGR of 4.02% between 2018 and 2025. The report gives an in-depth analyses of the market condition of global polyimide foam market. The research details aspects of the market such as manufacturing capacity, production, ex-factory price, revenue, and market share for each company.
The research report states that the global polyimide foam market was valued at US$234.52 mn in 2018 and is expected to reach US$309.13 mn by the end of 2025.
Global Polyimide Foam Market: Drivers
The polyimide foam market is steadily growing due to the factors such as rise in demand for lightweight components in the aerospace industry. Its properties such as exceptional insulation and fire-resistance has increased its demand in the military and defense sector. It is easy to handle and production-friendly, which makes it reliable for residential and other heating appliances, medical/hospital, building and construction, electronics and instrumentation, heated transfer lines, test units, and rail transportation applications among others. Hence an increase in application have resulted in the growth of this polymer market drastically.
Global Polyimide Foam Market: Geographical Outlook
Asia Pacific holds a significant share of the global polyimide foam market due to the presence of huge military and aerospace manufacturing facilities. North America is expected gain a significant share due to its flourishing technology sector. Europe which is projected to follows suit with an increase in production of this polymer, is expected to grow with the increasing demand of advance infrastructure and development in the region.
The emergence of new and advance technologies in the field of aerospace has simultaneously increased the need for polymer. This may account as a positive impact on the growth of the market in the coming years.
Global Polyimide Foam Market: Segment Analysis
The polyimide foam market is segmented on the basis of type and application. The type segment consists of flexible polyimide foam and rigid polyimide foam. The application segment is divided into aircraft and aerospace, marine and submarine, and commercial and Industrial Market.
Global Polyimide Foam Market: Key Players
The leading manufacturers in the global market for polyimide foam market are Boyd Corporation, DuPont, Polymer Technologies, Soundown, Trelleborg, I.S.T, Suzuko and Kangda.
Global Polyimide Foam Market: Competitive Landscape
The sudden increase in demand for polyimide foam the market has grown significantly. Companies around the world are adopting strategies such as joint ventures, technology advancement, new product development, mergers and acquisitions to attain a higher position in the market.
The determination of a reliable tortuosity index is lacking in the aerospace industry. The space environment raises many challenges for new materials development and ground characterization. The development of space‐durable polyimide based materials and nanocomposites have become an important tool for rockets and air breathing vehicles. Research and development of such materials is projected to be one of the key strategies of the companies in the market.
Full Report Overview@ https://www.qyresearch.com/index/detail/1220719/global-polyimide-foam-market