BMI Resins Market (Type: Powder and Solution; Application: Composites, Adhesives, Molding, and Others; and End Use: Aerospace, Defense, Electronics, and Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global BMI Resins market gathered revenue around USD 175.9 Mn by the end of 2027 and is estimated to expand at a modest CAGR of 2.1% during the prediction period 2021 to 2027.

Growth Factors:

The global BMI resins market is broadly affected by several factors including increase in usage of BMI resins in various end-use industries including aerospace, electronics, and defense. Rise in global demand for composites and molding has led to significant growth in usage of BMI resins. Increase in production and demand for electronics is expected to be the primary driver for the expansion of the global BMI resins market. BMI resins are used as matrix for advanced composites. Rise in demand for BMI resins in composites and various other applications is propelling the demand for BMI resins in the aerospace & defense industry.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the BMI Resins market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global BMI Resins market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD  175.9 Million by 2027
Growth Rate CAGR of 2.1% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Type, Application, End Use and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned  AG, Hexcel Corporation, HOS-Technik GmbH, Huntsman International LLC, Solvay, Mitsubishi Chemical Corporation, Honghu Shuangma Advanced Materials Tech Co., Ltd, Renegade Materials, ABR Organics Limited, and Qin yang Tianyi Chemical Co., LTD.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

BMI Resins market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

BMI Resins Market: Dynamics

BMI resins are thermosetting addition-type polyimides with outstanding performance. They have qualities similar to polyimides, such as strong strength and rigidity at high temperatures, long-term thermal and oxidative stability, outstanding electrical properties, and a low moisture absorption proclivity. They have excellent dimensional stability and one of the best high temperature properties, similar to polyamides. They are also resistant to various chemicals, including hydrocarbons, alcohols, and halogenated solvents. They can replace metal and other materials in numerous structural applications due to their high strength and outstanding long-term creep resistance.

BMI resins are utilized in aerospace, astronautics, and defense industries in the form of composite sheets and adhesives. BMI resins are employed in structural adhesives for assembly and structural composite applications. These resins impact resistance and multi-substrate joining in airplanes and fighter planes applications.

The global aerospace & astronautics sector is expected to expand considerably during the forecast period due to significant increase in defense and space activities by governments across the globe. Thus, rise in production in aerospace, astronautics, and defense industries is projected to boost the demand for BMI resins during the forecast period.

Manufacturers are focusing on the aerospace industry, as the share held by this segment in the BMI resins market is likely to increase during the forecast period.

Regional analysis:

North America holds the major share of the global BMI resins market. The market in the region is anticipated to expand at a CAGR of more than 1.4% during the forecast period. Increase in demand for advanced composites in the aerospace industry is driving the BMI resins market in North America. The U.S. is a key country of the BMI resins market in North America. It held significant share of the BMI resins market in North America in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.

Europe is also a key region of the global BMI resins market. The U.K. led the BMI resins market in Europe in 2020. Increase in demand for BMI resins in the aerospace and electronics sectors is driving the market in the U.K.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the BMI Resins Market include:  AG, Hexcel Corporation, HOS-Technik GmbH, Huntsman International LLC, Solvay, Mitsubishi Chemical Corporation, Honghu Shuangma Advanced Materials Tech Co., Ltd, Renegade Materials, ABR Organics Limited, and Qin yang Tianyi Chemical Co., LTD.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:

BMI Resins Market, by Type

  • Powder
  • Solution

BMI Resins Market, by Application

  • Composites
  • Adhesives
  • Molding
  • Others (including Bonding)

BMI Resins Market, by End Use

  • Aerospace
  • Defense
  • Electronics
  • Others (including Automotive)

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the BMI Resins market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the BMI Resins market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the BMI Resins markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in BMI Resins Market Study:

  • Growth of BMI Resins in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for BMI Resins and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  BMI Resins Consumption Analysis
  •  BMI Resins Production Analysis
  •  BMI Resins and Management