Bismaleimide Monomer Market: A Strong Growth Outlook from 2023 to 2035
Research Nester published a report titled “Bismaleimide Monomer Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global bismaleimide monomer market in terms of market segmentation by type, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global bismaleimide monomer market is anticipated to grow with a CAGR of ~3% over the forecast period, i.e., 2023 – 2035. The market is segmented by type into 4,4′ bismaleimidodiphenylmethane, M-phenylene bismaleimide, phenylmethane maleimide, 4-methyl-1,3-phenylene bismaleimide, BANI-M, and others. Amongst these, 4,4′ bismaleimidodiphenylmethane segment is projected to grow at a higher rate over the forecast period owing to its massively increasing usage in manufacturing of insulted wires.
The global bismaleimide monomer market is projected to significantly grow owing to the globally remarkable increase in research and development spending, followed by the upsurge in aerospace and defense industry as people have been air travelling without feeling any risk after the COVID vaccination. Furthermore, growing automotive industry and massive development in chemical industry are some of the major factors anticipated to drive the growth of the market in the coming years.
Regionally, the global bismaleimide monomer market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific region is estimated to witness significant growth over the forecast period owing to the significant progression in automobile industry, and remarkable industrialization in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Proliferation in Automotive Industry to Drive the Market Growth
The automotive industry is expected to generate nearly USD 1.8 trillion in revenue by the end of 2030, up 31% from the same year.
The automotive industry, which spans many adjoined industries, is a backbone of the world’s economy. It is a key driver of economic and financial growth and stability, as well as technological advancement in both developed and developing countries. Acknowledging the evolution of the auto industry in other countries provides direction forward for developing countries such as India. Therefore, the growth in automotive industry is adding up more demand for bismaleimide monomer in production of various kind of insulated materials and components, which is fueling up the demand of bismaleimide monomer.
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However, limitations of high melting points, strict regulations of government, and low electricity conductivity are expected to operate as key restraint to the growth of the global bismaleimide monomer market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global bismaleimide monomer market which includes company profiling of ABR Organics Limited, Evonik Industries AG, Willing New Materials Technology Co., Ltd., Solvay SA, Hexcel Corporation, Honghu Shuangma Advanced Materials Tech Co., Ltd., Teijin Limited, MPI Chemie B.V., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bismaleimide monomer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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